Stockholders' Equity

3 Months Ended

Dec. 28, 2013

Stockholders' Equity

Stockholders' Equity

12. Stockholders’ Equity

Stock Repurchase Program

On July 30, 2012, the Board of Directors authorized a program for the Company to repurchase up to $500.0 million of the Company’s common shares over two years (the “2012 Share Repurchase Program”), at such times and prices as determined by the Company’s management.  On November 19, 2013, the Company’s Board of Directors approved and authorized the repurchase, on or prior to December 1, 2015, of up to an aggregate amount of $1.0 billion of the Company’s outstanding common shares (the “2013 Share Repurchase Program”), at such times and prices as determined by the Company’s management.  The 2013 Share Repurchase Program will become effective upon completion of the 2012 Share Repurchase Program.

As of December 28, 2013, an aggregate $1,112.8 million remained available for share repurchases under the 2012 and 2013 Share Repurchase Programs.

	Thirteen weeks  ended
	December 28, 2013		Fiscal 2013
Number of shares acquired	1,725,483		5,642,793
Average price per share of acquired shares	$	70.97	$	33.37
Total cost of acquired shares (in thousands)	$	122,464	$	188,278

Accumulated Other Comprehensive Income (Loss)

The following table provides the changes in the components of accumulated other comprehensive income (loss), net of tax (in thousands) for the thirteen weeks ended December 28, 2013:

	Cash Flow Hedges			Translation			Accumulated Other  Comprehensive Income  (Loss)
Balance at September 28, 2013	$	(7,150	)	$	(12,035	)	$	(19,185	)
Other comprehensive loss, before reclassifications	(351		)	(24,890		)	(25,241		)
Amounts reclassified from accumulated other comprehensive income (loss)	173			—			173
Net current period other comprehensive loss	(178		)	(24,890		)	(25,068		)
Balance at December 28, 2013	$	(7,328	)	$	(36,925	)	$	(44,253	)

The unfavorable translation adjustment change during the thirteen weeks ended December 28, 2013 was primarily due to the weakening of the Canadian dollar against the U.S. dollar.  See also Note 9, Derivative Financial Instruments.

Dividends

During the first quarter of fiscal 2014, the Company’s Board of Directors declared a quarterly cash dividend to shareholders of $0.25 per share to be paid on February 14, 2014 to shareholders of record as of the close of business on January 17, 2014.