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Stock Repurchase and Dividends
 12 Months Ended
Sep. 28, 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 fiscal 2025, we repurchased and settled 7,304,697 shares with an average price of $34.22 per share for a total cost of $250.0 million in the open market. In fiscal 2024 and 2023, we did not repurchase any shares of our common stock. At fiscal 2025 year-end, we had a remaining balance of $597.8 million under our stock repurchase program.
The following table presents dividends declared and paid in fiscal 2025, 2024 and 2023:
Declare DateDividend Paid Per ShareRecord DatePayment DateDividends 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 
July 28, 20250.065 August 15, 2025August 29, 202517,047 
Total dividends paid as of September 28, 2025$65,039 
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 
Subsequent Events. On November 10, 2025, our Board of Directors declared a quarterly cash dividend of $0.065 per share payable on December 12, 2025 to stockholders of record as of the close of business on December 1, 2025.