Shareholders' Equity

3 Months Ended

Dec. 28, 2013

Stockholders' Equity Note [Abstract]

Shareholders' Equity

SHAREHOLDERS' EQUITY

On August 19, 2013, the Board of Directors approved a stock repurchase program under which the Company is authorized to repurchase up to $30 million of its common stock. During the three months endedDecember 28, 2013, the Company repurchased 173,884 shares for approximately $6.9 million, at an average price of $39.88 per share. These shares were recorded as treasury stock. In addition, as of December 28, 2013, the Company had a commitment of approximately $0.5 million to purchase 12,214 shares, which were purchased before December 28, 2013, but settled after the end of the fiscal first quarter.

On October 23, 2012, the Board of Directors approved a stock repurchase program under which the Company was authorized to repurchase up to $50 million of its common stock. During the three months ended December 29, 2012, the Company repurchased 262,422 shares for approximately $6.1 million, at an average price of $23.13 per share. The Company repurchased 1,821,698 shares under this program in fiscal 2013 for approximately $49.9 million, at an average price of $27.37 per share. These shares were recorded as treasury stock.