XML 29 R15.htm IDEA: XBRL DOCUMENT v3.22.2.2
Stock Repurchase and Dividends
 12 Months Ended
Oct. 02, 2022
Stock Repurchase And Dividends [Abstract]  
Stock Repurchase and Dividends Stock Repurchase and DividendsOn October 5, 2021, our 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 under the previous stock repurchase program at October 3, 2021. In fiscal 2022, we repurchased and settled 1,341,679 shares with an average price of $149.07 per share for a total cost of $200.0 million in the open market. As of October 2, 2022, we had a remaining balance of $347.8 million under our repurchase program.
The following table presents dividends declared and paid in fiscal 2022 and 2021:
Declare DateDividend Paid Per ShareRecord DatePayment DateDividends 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 
August 1, 2022$0.23 August 12, 2022August 26, 202212,226 
Total dividends paid as of October 2, 2022$46,099 
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 
July 26, 2021$0.20 August 20, 2021September 3, 202110,800 
Total dividends paid as of October 3, 2021$40,041 
Subsequent Events. On November 7, 2022, our Board of Directors declared a quarterly cash dividend of $0.23 per share payable on December 9, 2022 to stockholders of record as of the close of business on November 21, 2022.