Shareholders' Equity

3 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders' Equity

On June 6, 2016, the Board of Directors approved a stock repurchase program under which the Company is authorized to repurchase up to $150.0 million of its common stock beginning in fiscal 2017.  During the three months endedDecember 31, 2016, the Company repurchased 144,729 shares for approximately $7.1 million, at an average price of $48.79 per share.

On August 20, 2015, 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 during fiscal 2016. During the three months endedJanuary 2, 2016, the Company repurchased 227,312 shares for approximately $8.5 million, at an average price of $37.23 per share.

All shares repurchased under the aforementioned programs were recorded as treasury stock.