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SHARE REPURCHASE PROGRAMS
 6 Months Ended
May 03, 2020
SHARE REPURCHASE PROGRAMS [Abstract]  
SHARE REPURCHASE PROGRAMS
NOTE 13 – SHARE 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). The company commenced repurchasing shares under this authorization on September 25, 2019. All of the 0.9 million shares repurchased under this authorization prior to November 1, 2019, were retired in fiscal 2019; the repurchase program was terminated on March 20, 2020. The table below presents information on this repurchase program.

  
Three Months Ended May 3, 2020
    
Six Months Ended May 3, 2020
    
From Inception Date of
September 25, 2019
  
                   
Number of shares repurchased
    
549
      
1,464
      
2,460
  
                         
Cost of shares repurchased
  
$
5,894
    
$
16,894
    
$
27,894
  
                         
Average price paid per share
  
$
10.75
    
$
11.54
    
$
11.34
  


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