Stock Repurchase and Dividends

On November 7, 2016, the Board of Directors authorized a stock repurchase program under which we could repurchase up to $200 million of our common stock. In fiscal 2017, we repurchased through open market purchases under this program a total of 2,266,397 shares at an average price of $44.12 for a total cost of $100.0 million. In fiscal 2018, we repurchased an additional 1,491,569 shares through an open market under this program at an average price of $50.28 for a total cost of $75.0 million.

The following table summarizes dividends declared and paid in fiscal 2018 and 2017:



Declaration Date	Dividend Paid Per Share		Record Date	Payment Date	Dividends Paid
(in thousands, except per share data)
November 6, 2017	$	0.10	November 30, 2017	December 15, 2017	$	5,589
January 29, 2018	$	0.10	February 14, 2018	March 2, 2018	5,583
April 30, 2018	$	0.12	May 16, 2018	June 1, 2018	6,664
July 30, 2018	$	0.12	August 16, 2018	August 31, 2018	6,641
Total dividend paid as of September 30, 2018					$	24,477

November 7, 2016	$	0.09	December 1, 2016	December 14, 2016	$	5,144
January 30, 2017	$	0.09	February 17, 2017	March 3, 2017	5,157
May 1, 2017	$	0.10	May 18, 2017	June 2, 2017	5,738
July 31, 2017	$	0.10	August 17, 2017	September 1, 2017	5,633
Total dividend paid as of October 1, 2017					$	21,672

Subsequent Events. On November 5, 2018, the Board of Directors declared a quarterly cash dividend of $0.12 per share payable on December 14, 2018 to stockholders of record as of the close of business on November 30, 2018. The Board also authorized a new stock repurchase program under which we could repurchase up to $200 million of our common stock in addition to the $25 million remaining under the previous stock repurchase program.