Stock Repurchase and Dividends

3 Months Ended

Jan. 01, 2023

Stock Repurchase And Dividends [Abstract]

Stock Repurchase and Dividends

Stock Repurchase and Dividends

On 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. We did not repurchase any shares of our common stock in the first quarter of fiscal 2023. At January 1, 2023, we had a remaining balance of $347.8 million under our stock repurchase program.

The following table presents dividends declared and paid in the first three months of fiscal 2023 and 2022:

Declare Date	Dividend Paid Per Share		Record Date	Payment Date	Dividend Paid (in thousands)
November 7, 2022	$	0.23	November 21, 2022	December 9, 2022	$	12,186
November 15, 2021	$	0.20	December 2, 2021	December 20, 2021	$	10,793

Subsequent Event.  On January 30, 2023, our Board of Directors declared a quarterly cash dividend of $0.23 per share payable on February 24, 2023 to stockholders of record as of the close of business on February 13, 2023.