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Stock Repurchase and Dividends
 6 Months Ended
Apr. 03, 2022
Stock Repurchase And Dividends [Abstract]  
Stock Repurchase and Dividends Stock Repurchase and Dividends
On October 5, 2021, the Board of Directors authorized a new stock repurchase program under which we could repurchase up to $400 million of our common stock in addition to the $147.8 million remaining under the previous stock repurchase program at October 3, 2021. In the first half of fiscal 2022, we repurchased and settled 618,236 shares with an average price of $161.75 per share for a total cost of $100.0 million in the open market. At April 3, 2022, we had a remaining balance of $447.8 million under our stock repurchase program.

The following table presents dividends declared and paid in the first halves of fiscal 2022 and 2021:

Declare DateDividend Paid Per ShareRecord DatePayment DateDividend Paid
(in thousands)
November 15, 2021$0.20 December 2, 2021December 20, 2021$10,793 
January 31, 2022$0.20 February 11, 2022February 25, 202210,769 
Total dividend paid as of April 3, 2022$21,562 
November 9, 2020$0.17 November 30, 2020December 11, 2020$9,198 
January 25, 2021$0.17 February 10, 2021February 26, 20219,212 
Total dividend paid as of March 28, 2021$18,410 

Subsequent Event.  On May 2, 2022 the Board of Directors declared a quarterly cash dividend of $0.23 per share payable on May 27, 2022 to stockholders of record as of the close of business on May 13, 2022.