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Subsequent Events
3 Months Ended
Dec. 28, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 14.Subsequent Events

Share Repurchase and Amendment to the Cadence Credit Agreement

On February 3, 2022 the Company issued a press release announcing a share repurchase program of up to an aggregate amount of $5.0 Million of the Company’s common stock beginning February 7, 2022. The authorization to repurchase will continue until the maximum value of shares is achieved or the Company terminates the program. The timing and amount of repurchases will depend upon the Company’s stock price, economic and market conditions, regulatory requirements, and other corporate considerations. In connection with this share repurchase program, the Cadence Credit Facility was amended to, among other things, modify the “Restricted Payments” covenant to exempt Company repurchases of common stock until December 31, 2022 in an aggregate amount not to exceed $5.0 million.