Stock Repurchase and Dividends

12 Months Ended

Sep. 29, 2019

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. This was in addition to the $25 million remaining as of fiscal 2018 year-end under the previous stock repurchase program. All of our repurchased shares were through open market purchases. As of the fiscal 2019 year-end, we had $125 million remaining under our new program. The following table summarizes stock repurchase activity for fiscal 2018 and 2019:



Fiscal Year	Stock Repurchase Program	Shares Repurchased	Average Price Paid per Share		Total Cost (in thousands)
2018	2018 Program	1,491,569	$	50.28	$	75,000

2019	2018 Program	430,559	$	58.06	$	25,000
2019	2019 Program	1,131,962	$	66.26	75,000
2019 Total		1,562,521	$	64.00	$	100,000

The following table summarizes dividends declared and paid in fiscal 2019 and 2018:



Declaration Date	Dividend Paid Per Share		Record Date	Payment Date	Dividends Paid (in thousands)
November 5, 2018	$	0.12	November 30, 2018	December 14, 2018	$	6,654
January 28, 2019	$	0.12	February 13, 2019	February 28, 2019	6,616
April 29, 2019	$	0.15	May 15, 2019	May 31, 2019	8,219
July 29, 2019	$	0.15	August 14, 2019	August 30, 2019	8,185
Total dividend paid as of September 29, 2019					$	29,674

November 6, 2017	$	0.10	November 30, 2017	December 15, 2017	$	5,589
January 29, 2018	$	0.10	February 14, 2018	March 2, 2018	5,583
April 30, 2018	$	0.12	May 16, 2018	June 1, 2018	6,664
July 30, 2018	$	0.12	August 16, 2018	August 31, 2018	6,641
Total dividend paid as of September 30, 2018					$	24,477

Subsequent Events. On November 11, 2019, the Board of Directors declared a quarterly cash dividend of $0.15 per share payable on December 13, 2019 to stockholders of record as of the close of business on December 2, 2019.