Shareholders' Equity

6 Months Ended

Apr. 04, 2015

Stockholders' Equity Note [Abstract]

Shareholders' Equity

On August 13, 2014, the Board of Directors approved a stock repurchase program under which the Company is authorized to repurchase up to $30.0 million of its common stock in fiscal 2015. During the three months endedApril 4, 2015, the Company repurchased 192,063 shares for approximately $7.7 million, at an average price of $40.05 per share. During the six months ended April 4, 2015, the Company repurchased 379,882 shares for approximately $15.0 million, at an average price of $39.44 per share. These shares were recorded as treasury stock. In addition, as of April 4, 2015, the Company had no commitments to purchase shares before April 4, 2015, which settled after the end of the second quarter of fiscal 2015.

On August 19, 2013, the Board of Directors approved a stock repurchase program under which the Company was authorized to repurchase up to $30.0 million of its common stock in fiscal 2014. During the three months endedMarch 29, 2014, the Company repurchased 185,117 shares for approximately $7.6 million, at an average price of $41.18 per share. During the six months ended March 29, 2014, the Company repurchased 359,001 shares for approximately $14.6 million, at an average price of $40.55 per share. These shares were recorded as treasury stock. In addition, as of March 29, 2014, the Company had a commitment of approximately $0.4 million to purchase 9,449 shares, which were purchased before March 29, 2014, but settled after the end of the second quarter of fiscal 2014.