Stockholders' Deficit

12 Months Ended

Oct. 02, 2022

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

STOCKHOLDERS’ DEFICIT

Repurchases of common stock — In fiscal 2022, the Company purchased 0.3 million shares of its common stock for an aggregate cost of $25.0 million. As of October 2, 2022, there was $175.0 million remaining amount under share repurchase programs authorized by the Board of Directors which expires in November 2023.

Dividends — In fiscal 2022, the Board of Directors declared four cash dividends of $0.44, respectively, totaling $37.2 million. Future dividends are subject to approval by our Board of Directors.