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Stock Repurchase and Dividends | 3 Months Ended
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Dec. 31, 2017
Stock Repurchase and Dividends |
Stock Repurchase and Dividends | Stock Repurchase and Dividends On November 7, 2016, the Board of Directors authorized a new stock repurchase program under which we could repurchase up to $200 million of our common stock. In the first quarter of fiscal 2018, we repurchased through open market purchases under this program a total of 514,676 shares at an average price of $48.57 for a total cost of $25.0 million. On November 7, 2017, the Board of Directors declared a quarterly cash dividend of $0.10 per share payable on December 15, 2017 to stockholders of record as of the close of business on November 30, 2017. Dividends totaling $5.6 million and $5.1 million were paid in the first quarters of fiscal 2018 and 2017, respectively. Subsequent Event. On January 29, 2018, the Board of Directors declared a quarterly cash dividend of $0.10 per share payable on March 2, 2018 to stockholders of record as of the close of business on February 14, 2018.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
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