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Stock Repurchase and Dividends
 12 Months Ended
Sep. 29, 2024
Stock Repurchase And Dividends [Abstract]  
Stock Repurchase and Dividends Stock Repurchase and Dividends
On October 5, 2021, our Board of Directors authorized a stock repurchase program under which we could repurchase up to $400 million of our common stock. In fiscal 2024 and 2023, we did not repurchase any shares of our common stock. We repurchased and settled 6,708,395 shares with an average price of $29.81 per share for a total cost of $200.0 million in fiscal 2022 in the open market. At fiscal 2024 year-end, we had a remaining balance of $347.8 million under our stock repurchase program.
The following table presents dividends declared and paid in fiscal 2024, 2023 and 2022:
Declare DateDividend Paid Per ShareRecord DatePayment DateDividends Paid
(in thousands)
November 13, 2023$0.052 November 30, 2023December 13, 2023$13,873 
January 29, 20240.052 February 14, 2024February 27, 202413,908 
April 29, 20240.058 May 20, 2024May 31, 202415,522 
July 29, 20240.058 August 15, 2024August 30, 202415,525 
Total dividends paid as of September 29, 2024$58,828 
November 7, 2022$0.046 November 21, 2022December 9, 2022$12,186 
January 30, 20230.046 February 13, 2023February 24, 202312,242 
May 8, 20230.052 May 24, 2023June 6, 202313,840 
August 7, 20230.052 August 23, 2023September 6, 202313,845 
Total dividends paid as of October 1, 2023$52,113 
November 15, 2021$0.040 December 2, 2021December 20, 2021$10,793 
January 31, 20220.040 February 11, 2022February 25, 202210,769 
May 2, 20220.046 May 13, 2022May 27, 202212,311 
August 1, 20220.046 August 12, 2022August 26, 202212,226 
Total dividends paid as of October 2, 2022$46,099 
Subsequent Events. On November 11, 2024, our Board of Directors declared a quarterly cash dividend of $0.058 per share payable on December 13, 2024 to stockholders of record as of the close of business on November 27, 2024.