XML 15 R41.htm IDEA: XBRL DOCUMENT v3.20.1
SHARE REPURCHASE PROGRAMS (Tables)
3 Months Ended
Feb. 02, 2020
SHARE REPURCHASE PROGRAMS [Abstract]  
Shares Repurchase Programs

In August 2019, the Company’s board of directors authorized the repurchase of up to $100 million of its common stock, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Act of 1933 (as amended). All of the 0.9 million shares repurchased under this program prior to the three-month period ended February 2, 2020 were retired in fiscal 2019. The table below presents information on this repurchase program.


 
Three Months Ended
February 2, 2020
   
From Inception Date of
September 25, 2019
 
             
Number of shares repurchased
   
916
     
1,911
 
                 
Cost of shares repurchased
 
$
11,000
   
$
22,000
 
                 
Average price paid per share
 
$
12.01
   
$
11.51
 


In October 2018, the Company’s board of directors authorized the repurchase of up to $25 million of its common stock, to have been executed in open-market transactions or in accordance with a repurchase plan under Rule 10b5-1 of the Securities Act of 1933 (as amended). The share repurchase program commenced on October 22, 2018, and was terminated on February 1, 2019. All of the shares repurchased under this program were retired in fiscal 2019. The table below presents information on this repurchase program.


 
Three Months Ended
January 27, 2019
   
From Inception Date of
October 22, 2018
 
             
Number of shares repurchased
   
1,137
     
1,467
 
                 
Cost of shares repurchased
 
$
10,694
   
$
13,807
 
                 
Average price paid per share
 
$
9.40
   
$
9.41