XML 35 R18.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Shareholders' Equity
 9 Months Ended
Jun. 29, 2024
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders' Equity
On August 18, 2022, the Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to $50.0 million of its common stock (the "2023 Program"). The 2023 Program completed in February 2024. During the nine months ended June 29, 2024, the Company repurchased 59,277 shares under this program for $5.7 million at an average price of $95.59 per share. During the three months ended July 1, 2023, the Company repurchased 149,783 shares under this program for $13.5 million at an average price of $90.49 per share. During the nine months ended July 1, 2023, the Company repurchased 391,145 shares under this program for $37.4 million at an average price of $95.70 per share.
On January 16, 2024, the Company announced a share repurchase program authorized by the Board of Directors under which the Company is authorized to repurchase up to $50.0 million of its common stock (the "2024 Program"). The 2024 Program became effective upon completion of the 2023 Program, which occurred in February 2024, and has no expiration. During the three months ended June 29, 2024, the Company repurchased 184,581 shares under this program for $18.6 million at an average price of $100.64 per share. During the nine months ended June 29, 2024, the Company repurchased 311,431 shares under this program for $30.5 million at an average price of $97.87 per share. As of June 29, 2024, $19.5 million of authority remained under the 2024 Program.
All shares repurchased under the aforementioned programs were recorded as treasury stock.