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Stock Repurchase and Dividends
 9 Months Ended
Jul. 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 nine months of fiscal 2022, we repurchased and settled 986,280 shares with an average price of $152.09 per share for a total cost of $150.0 million in the open market. At July 3, 2022, we had a remaining balance of $397.8 million under our stock repurchase program.

The following table presents dividends declared and paid in the first nine months 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 
May 2, 2022$0.23 May 13, 2022May 27, 202212,311 
Total dividend paid as of July 3, 2022$33,873 
November 9, 2020$0.17 November 30, 2020December 11, 2020$9,198 
January 25, 2021$0.17 February 10, 2021February 26, 20219,212 
April 26, 2021$0.20 May 12, 2021May 28, 202110,831 
Total dividend paid as of June 27, 2021$29,241 

Subsequent Event.  On August 1, 2022, the Board of Directors declared a quarterly cash dividend of $0.23 per share payable on August 26, 2022 to stockholders of record as of the close of business on August 12, 2022.