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SHARE REPURCHASE PROGRAMS
 6 Months Ended
May 02, 2021
SHARE REPURCHASE PROGRAMS [Abstract]  
SHARE REPURCHASE PROGRAMS
NOTE 14 - SHARE REPURCHASE PROGRAMS


In September 2020, 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. The company commenced repurchasing shares under this authorization on September 16, 2020. All of the 1.7 million shares repurchased under this authorization prior to November 1, 2020, were retired in fiscal 2020; the table below presents information on this repurchase program.

  
Three Months Ended
May 2, 2021
    
Six Months Ended
May 2, 2021
    
From Inception Date of
September 16, 2020
  
Number of shares repurchased
    
797
      
2,019
      
3,750
  
                         
Cost of shares repurchased
  
$
10,041
    
$
23,250
    
$
40,750
  
                         
Average price paid per share
  
$
12.59
    
$
11.51
    
$
10.87
  


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. This repurchase program was terminated in March of 2020. All of the shares repurchased under this program have been retired. 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