Stock Repurchase and Dividends

3 Months Ended

Jan. 02, 2022

Stock Repurchase And Dividends [Abstract]

Stock Repurchase and Dividends

Stock Repurchase and Dividends

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. In the first quarter of fiscal 2022, we repurchased and settled 290,196 shares with an average price of $172.30 per share for a total cost of $50.0 million in the open market. At January 2, 2022, we had a remaining balance of $497.8 million under our stock repurchase program.

The following table presents dividends declared and paid in the first quarters of fiscal 2022 and 2021:

Declare Date	Dividend Paid Per Share		Record Date	Payment Date	Dividend Paid (in thousands)
November 15, 2021	$	0.20	December 2, 2021	December 20, 2021	$	10,793
November 9, 2020	$	0.17	November 30, 2020	December 11, 2020	$	9,198

Subsequent Event.  On January 31, 2022, the Board of Directors declared a quarterly cash dividend of $0.20 per share payable on February 25, 2022 to stockholders of record as of the close of business on February 11, 2022.