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Stock Repurchase and Dividends
 12 Months Ended
Sep. 27, 2020
Stock Repurchase And Dividends [Abstract]  
Stock Repurchase and Dividends Stock Repurchase and DividendsOn November 5, 2018, the Board of Directors authorized a stock repurchase program ("2019 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 ("2018 Program"). On January 27, 2020, the Board of Directors authorized a new $200 million stock repurchase program ("2020 Program"). As of September 27, 2020, we had a remaining balance of $207.8 million available under the 2019 and 2020 programs. The following table summarizes stock repurchases in the open market and settled in fiscal 2019 and fiscal 2020:
Fiscal YearStock Repurchase ProgramShares RepurchasedAverage Price Paid per ShareTotal Cost
(in thousands)
20192018 Program430,559 $58.06 $25,000 
20192019 Program1,131,962 $66.26 75,000 
2019 Total1,562,521 $64.00 $100,000 
20202019 Program1,508,747 $77.67 $117,188 
The following table presents dividends declared and paid in fiscal 2020 and 2019:
Declare DateDividend Paid Per ShareRecord DatePayment DateDividends Paid
(in thousands)
November 11, 2019$0.15 December 2, 2019December 13, 2019$8,190 
January 27, 2020$0.15 February 12, 2020February 28, 20208,225 
April 27, 2020$0.17 May 13, 2020May 29, 20209,175 
July 27, 2020$0.17 August 21, 2020September 4, 20209,153 
Total dividends paid as of September 27, 2020$34,743 
November 5, 2018$0.12 November 30, 2018December 14, 2018$6,654 
January 28, 2019$0.12 February 13, 2019February 28, 20196,616 
April 29, 2019$0.15 May 15, 2019May 31, 20198,219 
July 29, 2019$0.15 August 14, 2019August 30, 20198,185 
Total dividends paid as of September 29, 2019$29,674 
Subsequent Event.    On November 9, 2020, the Board of Directors declared a quarterly cash dividend of $0.17 per share payable on December 11, 2020 to stockholders of record as of the close of business on November 30, 2020.