COMMON STOCK

12 Months Ended

Oct. 01, 2022

Stockholders' Equity Note [Abstract]

COMMON STOCK

NOTE 16. COMMON STOCK

Treasury Stock

Purchase of Common Shares

During our fiscal years 2022 and 2021, we did not purchase any shares of our common stock. As of October 1, 2022, we still have authority to purchase 65,414 shares of our common stock under the discretionary plan approved by the Board of Directors on May 17, 2007. Our current repurchase plan has no expiration date and purchases under this program may be made from time to time on the open market and in private transactions, depending on market conditions, up to a purchase price of price of $15 per share. The Internal Revenue Service will impose a 1.0% tax on stock repurchases after December 31, 2022.