Note 11 - Share Repurchases

9 Months Ended

Jun. 29, 2024

Notes to Financial Statements

Equity [Text Block]

(11) Share Repurchases

On November 18, 2008, our Board of Directors approved a share repurchase authorization to buy back up to $25.0 million of our outstanding common stock (the “Authorization”). Under the Authorization, repurchases may be made from time to time in the open market or in privately negotiated transactions subject to market conditions, applicable legal requirements and other factors. We are not obligated to acquire any common stock, and the program may be commenced or suspended at any time at our discretion without prior notice. The Authorization continues in effect until terminated by the Board of Directors. The Company repurchased $994,000 or 30,164 shares and $403,000 or 14,239 shares of its common stock during the three-month periods ended June 29, 2024, and July 1, 2023, respectively, and $1.8 million or 58,099 shares and $2.3 million or 80,352 shares of its common stock during the nine-month periods ended June 29, 2024, and July 1, 2023, respectively. As of June 29, 2024, there was $19.4 million remaining available for future share repurchases under this Authorization.