Stockholder's Equity

9 Months Ended

Jun. 27, 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 June 27, 2014, the Company paid $41.3 million (including commissions) in connection with the repurchase of 1.0 million shares of its common stock (paying an average price of $41.32 per share). During the nine months endedJune 27, 2014, the Company paid $119.9 million (including commissions) in connection with the repurchase of 3.7 million shares of its common stock (paying an average price of $32.68 per share). As of June 27, 2014, $109.7 million remained available under the existing share repurchase authorization.

Dividends

On July 17, 2014, the Company announced that the Board of Directors had declared a cash dividend on its common stock of $0.11 per share, payable on August 21, 2014, to the Company's stockholders of record as of the close of business on August 7, 2014. During the three months ended June 27, 2014, the Company declared and paid a $0.11 dividend per common share with a total charge to retained earnings of $20.9 million.