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Stock Repurchase and Dividends
 9 Months Ended
Jun. 29, 2025
Stock Repurchase And Dividends [Abstract]  
Stock Repurchase and Dividends Stock Repurchase and Dividends
On May 5, 2025, our Board of Directors authorized an additional $500 million stock repurchase program in addition to the previous $400 million stock repurchase program authorized on October 5, 2021. In the first nine months of fiscal 2025, we repurchased and settled 5,933,085 shares with an average price of $33.71 per share for a total cost of $200.0 million in the open market. We did not repurchase any shares of our common stock in the first nine months of fiscal 2024. At June 29, 2025, we had a remaining balance of $647.8 million under our stock repurchase programs.
The following table presents dividends declared and paid in the first nine months 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 
May 5, 20250.065 May 23, 2025June 5, 202517,092 
Total dividend paid as of June 29, 2025
$47,992 
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 
Total dividend paid as of June 30, 2024
$43,303 
Subsequent Events. On July 28, 2025, our Board of Directors declared a quarterly cash dividend of $0.065 per share payable on August 29, 2025 to stockholders of record as of the close of business on August 15, 2025.