Shareholders' Equity

6 Months Ended

Apr. 01, 2017

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 endedApril 1, 2017, the Company repurchased 123,082 shares for approximately $6.8 million, at an average price of $55.61 per share. During the six months ended April 1, 2017, the Company repurchased 267,811 shares for approximately $13.9 million at an average price of $51.93 per share.

On August 20, 2015, 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 during fiscal 2016. During the three months endedApril 2, 2016, the Company repurchased 208,569 shares for approximately $7.3 million, at an average price of $34.88 per share. During the six months ended April 2, 2016, the Company repurchased 435,881 shares for approximately $15.7 million at an average price of $36.11 per share.

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