Stock Repurchase and Dividends

3 Months Ended

Dec. 29, 2019

Stock Repurchase And Dividends [Abstract]

On November 5, 2018, the Board of Directors authorized a 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 repurchased shares were through open market purchases. As of December 29, 2020, we had a remaining balance of $103.8 million available for stock repurchases. The following table summarizes stock repurchase activity for fiscal 2019 and the first quarter of fiscal 2020:



Fiscal-Year Activity	Stock Repurchase Program	Shares Repurchased	Average Price Paid per Share		Total Cost (in thousands)
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

2020	2019 Program	244,438	$	86.64	$	21,177

The following table presents dividend declared and paid in the first quarters of fiscal 2020 and 2019:



Declare Date	Dividend Paid Per Share		Record Date	Payment Date	Dividend Paid (in thousands)
November 11, 2019	$	0.15	December 2, 2019	December 13, 2019	$	8,190

November 5, 2018	$	0.12	November 30, 2018	December 14, 2018	$	6,654

Subsequent Event. On January 27, 2020, the Board of Directors declared a quarterly cash dividend of $0.15 per share payable on February 28, 2020 to stockholders of record as of the close of business on February 12, 2020. Additionally, the Board of Directors authorized a new $200 million stock repurchase program. The newly authorized program and the $103.8 million remaining under the previously approved program provide a total of $303.8 million available for repurchases.