Share Repurchases

6 Months Ended

Mar. 31, 2012

Share Repurchases [Abstract]

Share Repurchases

(11) Share Repurchases

On November 18, 2008, the Company’s board of directors approved a new share repurchase authorization to buy back up to $25.0 million of the Company’s outstanding common stock in the open market or in privately negotiated transactions (the “New Authorization”). Repurchases may be made from time to time in the open market or in privately negotiated transactions subject to market conditions, applicable legal requirements and other factors. The Company is not obligated to acquire any particular amount of common stock and the program may be commenced or suspended at any time at the Company’s discretion without prior notice. The New Authorization continues in effect until terminated by the Board of Directors. As of March 31, 2012, there was $24.5 million remaining available for future share repurchases under this authorization. During the three- and six-month periods ended March 31, 2012, the Company repurchased $263,000 or 20,375 shares of its common stock under the repurchase program through restricted stock net-share settlements. During the three- and six-month periods ended April 2, 2011, the Company repurchased $86,000 or 6,757 shares of its common stock under the repurchase program through restricted stock net-share settlements.