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Stock Repurchase and Dividends
 12 Months Ended
Oct. 03, 2021
Stock Repurchase And Dividends [Abstract]  
Stock Repurchase and Dividends Stock Repurchase and DividendsOn January 27, 2020, the Board of Directors authorized a $200 million stock repurchase program, which was included in our remaining authorization balance of $207.8 million as of fiscal 2020 year-end. In fiscal 2021, we repurchased and settled 479,369 shares with an average price of $125.16 per share for a total cost of $60.0 million in the open market. As of October 3, 2021, we had a remaining balance of $147.8 million available under repurchase program.
The following table presents dividends declared and paid in fiscal 2021 and 2020:
Declare DateDividend Paid Per ShareRecord DatePayment DateDividends Paid
(in thousands)
November 9, 2020$0.17 November 30, 2020December 11, 2020$9,198 
January 25, 2021$0.17 February 10, 2021February 26, 20219,212 
April 26, 2021$0.20 May 12, 2021May 28, 202110,831 
July 26, 2021$0.20 August 20, 2021September 3, 202110,800 
Total dividends paid as of October 3, 2021$40,041 
November 11, 2019$0.15 December 2, 2019December 13, 2019$8,190 
January 27, 2020$0.15 February 12, 2020February 28, 20208,225 
April 27, 2020$0.17 May 13, 2020May 29, 20209,175 
July 27, 2020$0.17 August 21, 2020September 4, 20209,153 
Total dividends paid as of September 27, 2020$34,743 
Subsequent Events. On October 5, 2021, the Board of Directors authorized a new stock repurchase program under which we could repurchase up to $400 million of our common stock in addition to the $147.8 million remaining under the previous stock repurchase program at October 3, 2021. On November 15, 2021, the Board of Directors also declared a quarterly cash dividend of $0.20 per share payable on December 20, 2021 to stockholders of record as of the close of business on December 2, 2021.