Stock Repurchase and Dividends

3 Months Ended

Dec. 30, 2018

Stock Repurchase And Dividends [Abstract]

On November 5, 2018, the Board of Directors authorized a new stock repurchase program under which we could repurchase up to $200 million of our common stock in addition to the $25 million remaining under the previous stock repurchase program. In the first quarter of fiscal 2019, we expended the remaining $25 million under the previous program by repurchasing 430,559 shares through open market purchases at an average price of $58.06. In fiscal 2018, we repurchased through open market purchases under the previous program total of 1,491,569 shares at an average price of $50.28 for a total cost of $75.0 million.

The following table summarizes dividend declared and paid in the first quarters of fiscal 2019 and 2018:



Declare Date	Dividend Paid Per Share		Record Date	Payment Date	Dividend Paid
(in thousands, except per share data)
November 5, 2018	$	0.12	November 30, 2018	December 14, 2018	$	6,654

November 6, 2017	$	0.10	November 30, 2017	December 15, 2017	$	5,589

Subsequent Event. On January 28, 2019, the Board of Directors declared a quarterly cash dividend of $0.12 per share payable on February 28, 2019 to stockholders of record as of the close of business on February 13, 2019.