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Stock Repurchase and Dividends
 6 Months Ended
Mar. 30, 2025
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 the first half of fiscal 2025, we repurchased and settled 5,165,715 shares with an average price of $33.87 per share for a total cost of $175.0 million in the open market. We did not repurchase any shares of our common stock in the first half of fiscal 2024. At March 30, 2025, we had a remaining balance of $172.8 million under our stock repurchase program.
The following table presents dividends declared and paid in the first halves of fiscal 2025 and 2024:
Declare DateDividend Paid Per ShareRecord DatePayment DateDividend Paid
(in thousands)
November 11, 2024$0.058 November 27, 2024December 13, 2024$15,549 
January 27, 20250.058 February 12, 2025February 26, 202515,351 
Total dividend paid as of March 30, 2025$30,900 
November 13, 2023$0.052 November 30, 2023December 13, 2023$13,873 
January 29, 20240.052 February 14, 2024February 27, 202413,908 
Total dividend paid as of March 31, 2024$27,781 
Subsequent Events. On May 5, 2025, our Board of Directors declared a quarterly cash dividend of $0.065 per share payable on June 5, 2025 to stockholders of record as of the close of business on May 23, 2025. On May 5, 2025, our Board of Directors also authorized an additional $500 million stock repurchase program.