STOCKHOLDERS EQUITY AND REPURCHAES OF COMMON STOCK

4 Months Ended

Jan. 21, 2024

Stockholders' Equity Note [Abstract]

STOCKHOLDERS EQUITY AND REPURCHASES OF COMMON STOCK

STOCKHOLDERS EQUITY AND REPURCHASES OF COMMON STOCK

Repurchases of common stock — The Company repurchased 0.3 million shares of its common stock in the first quarter of fiscal 2024 for an aggregate cost of $25.2 million, including applicable excise tax. As of January 21, 2024, there was $225.0 million remaining under share repurchase programs authorized by the Board of Directors which do not expire.

Dividends — During the first quarter of fiscal 2024, the Board of Directors declared a cash dividend of $0.44 per common share totaling $8.7 million. Future dividends are subject to approval by our Board of Directors.