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Stock Repurchase and Dividends | 9 Months Ended
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Jul. 01, 2018
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 fiscal 2017, we repurchased through open market purchases under this program a total of 2,266,397 shares at an average price of $44.12 for a total cost of $100.0 million. In the first nine months of fiscal 2018, we repurchased an additional 1,491,569 shares through an open market under this program at an average price of $50.28 for a total cost of $75.0 million. The following table summarizes dividend declared and paid in fiscal 2018 and 2017:
Declare Date |  | Dividend Paid Per Share |  | Record Date |  | Payment Date |  | Dividend Paid
(in thousands, except per share data)
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 |
April 30, 2018 |  | $ | 0.12 |  |  | May 16, 2018 |  | June 1, 2018 |  | 6,664 |
Total dividend paid as of July 1, 2018 |  | $ | 17,836 |
November 7, 2016 |  | $ | 0.09 |  |  | December 1, 2016 |  | December 14, 2016 |  | $ | 5,144 |
January 30, 2017 |  | $ | 0.09 |  |  | February 17, 2017 |  | March 3, 2017 |  | 5,157 |
May 1, 2017 |  | $ | 0.10 |  |  | May 18, 2017 |  | June 2, 2017 |  | 5,738 |
Total dividend paid as of July 2, 2017 |  | $ | 16,039 |
Subsequent Event. On July 30, 2018, the Board of Directors declared a quarterly cash dividend of $0.12 per share payable on August 31, 2018 to stockholders of record as of the close of business on August 16, 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
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