Stock Repurchase and Dividends

6 Months Ended

Mar. 31, 2019

Stock Repurchase And Dividends [Abstract]

On November 5, 2018, the Board of Directors 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. In the first quarter of fiscal 2019, we expended the remaining $25 million under the previous program by repurchasing 430,559 shares through open market purchases at an average price of $58.06. In fiscal 2018, we repurchased through open market purchases under the previous program a total of 1,491,569 shares at an average price of $50.28 for a total cost of $75 million. In the second quarter of fiscal 2019, we repurchased through open market purchases under the new program a total of 449,055 shares at an average price of $55.67 for a total cost of $25 million.

The following table summarizes dividend declared and paid in the first half of fiscal 2019 and 2018:



Declare Date	Dividend Paid Per Share		Record Date	Payment Date	Dividend Paid
(in thousands, except per share data)
November 5, 2018	$	0.12	November 30, 2018	December 14, 2018	$	6,654
January 28, 2019	$	0.12	February 13, 2019	February 28, 2019	6,616
Total dividend paid as of March 31, 2019					$	13,270

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
Total dividend paid as of April 1, 2018					$	11,172

Subsequent Event. On April 29, 2019, the Board of Directors declared a quarterly cash dividend of $0.15 per share payable on May 31, 2019 to stockholders of record as of the close of business on May 15, 2019.