Stock Repurchase and Dividends

3 Months Ended

Dec. 27, 2020

Stock Repurchase And Dividends [Abstract]

Stock Repurchase and Dividends

Stock Repurchase and Dividends

On January 27, 2020, the Board of Directors authorized a new $200 million stock repurchase program, which was included in our remaining balance of $207.8 million as of fiscal 2020 year-end. In the first quarter of fiscal 2021, we repurchased and settled 135,413 shares with an average price of $110.77 per share for a total cost of $15 million in the open market. At December 27, 2020, we had a remaining balance of $192.8 million under our stock repurchase program.

The following table presents dividends declared and paid in the first quarters of fiscal 2021 and 2020:

Declare Date	Dividend Paid Per Share	Record Date	Payment Date	Dividend Paid (in thousands)
November 9, 2020	$0.17	November 30, 2020	December 11, 2020	$9,198
November 11, 2019	$0.15	December 2, 2019	December 13, 2019	$8,190

Subsequent Event.  On January 25, 2021, the Board of Directors declared a quarterly cash dividend of $0.17 per share payable on February 26, 2021 to stockholders of record as of the close of business on February 10, 2021.