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Stock Repurchase and Dividends
 3 Months Ended
Dec. 29, 2024
Stock Repurchase And Dividends [Abstract]  
Stock Repurchase and Dividends Stock Repurchase and Dividends
On October 5, 2021, our Board of Directors authorized a stock repurchase program under which we could repurchase up to $400 million of our common stock. In the first quarter of fiscal 2025, we repurchased and settled 600,007 shares with an average price of $41.67 per share for a total cost of $25.0 million in the open market. We did not repurchase any shares of our common stock in the first quarter of fiscal 2024. At December 29, 2024, we had a remaining balance of $322.8 million under our stock repurchase program.
The following table presents dividends declared and paid in the first quarters of fiscal 2025 and 2024:
Declare DateDividend Paid Per ShareRecord DatePayment DateDividend Paid
(in thousands)
November 11, 2024$0.058 November 27, 2024December 13, 2024$15,549 
November 13, 2023$0.052 November 30, 2023December 13, 2023$13,873 

Subsequent Event. On January 27, 2025, our Board of Directors declared a quarterly cash dividend of $0.058 per share payable on February 26, 2025 to stockholders of record as of the close of business on February 12, 2025.