Note 18 - Share Repurchases

12 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Equity [Text Block]

(18) Share Repurchases

On November 18, 2008, our Board of Directors approved a share repurchase authorization to buy back up to $25.0 million of our outstanding common stock (the “Authorization”). Under the 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. We are not obligated to acquire any particular amount of common stock and the program may be commenced or suspended at any time at our discretion without prior notice. The Authorization continues in effect until terminated by the Board of Directors. During the years ended September 30, 2023, and October 1, 2022, the Company repurchased $2.3 million or 80,352 shares of its common stock and $1.2 million or 41,706 shares of its common stock, respectively. As of September 30, 2023, there was $21.2 million remaining available for future share repurchases under this Authorization. There were no share repurchases during 2021.