Stockholder's Equity

6 Months Ended

Mar. 28, 2014

Stockholders' Equity Note [Abstract]

Stockholder's Equity

    STOCKHOLDERS' EQUITY

Stock Repurchase Program

On July 16, 2013, the Board of Directors approved a stock repurchase program, pursuant to which the Company is authorized to repurchase up to $250.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions, as permitted by securities laws and other legal requirements. During the three months ended March 28, 2014, the Company paid $61.5 million (including commissions) in connection with the repurchase of 2.0 million shares of its common stock (paying an average price of $30.77 per share). During the six months endedMarch 28, 2014, the Company paid $78.6 million (including commissions) in connection with the repurchase of 2.7 million shares of its common stock (paying an average price of $29.44 per share). As of March 28, 2014, $151.0 million remained available under the existing share repurchase authorization.

Dividends

On April 22, 2014, the Company announced that the Board of Directors had declared the Company's first cash dividend on its common stock of $0.11 per share, payable on May 22, 2014, to the Company's stockholders of record as of the close of business on May 13, 2014.