Stockholders' Deficit

12 Months Ended

Sep. 29, 2024

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

STOCKHOLDERS’ DEFICIT

Repurchases of common stock — In fiscal 2024, the Company purchased 1.1 million shares of its common stock for an aggregate cost of $70.6 million, including applicable excise tax. As of September 29, 2024, there was $180.0 million remaining amount under share repurchase programs authorized by the Board of Directors which do not expire.

Dividends — In fiscal 2024, the Board of Directors declared four cash dividends of $0.44, respectively, totaling $34.2 million. Future dividends are subject to approval by our Board of Directors.