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Note I - Equity
 12 Months Ended
Sep. 27, 2025
Notes to Financial Statements  
Equity [Text Block]

NOTE I – EQUITY

 

Capital Stock

 

We have, issued and outstanding, one class of capital stock, Common Stock. Holders of Common Stock are generally entitled to one vote per share on matters submitted to shareholders for approval. As of September 27, 2025, we had approximately 66 stockholders of record of our common stock.

 

Share Repurchases

 

On February 3, 2025, the Company announced that the Board of Directors authorized a share repurchase program (the “2025 Share Repurchase Program”) pursuant to which the Company could repurchase up to $50.0 million of the Company’s common stock, exclusive of any fees, commissions, and other expenses related to such repurchases. Under the 2025 Share Repurchase Program, the Company may repurchase its common stock from time to time, in amounts, at prices, and at such times as the Company deems appropriate, subject to market conditions, legal requirements, and other considerations. The Company’s repurchases may be executed using open market purchases, unsolicited or solicited privately negotiated transactions, or other transactions, and may be affected pursuant to trading plans intended to qualify under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The 2025 Share Repurchase Program is effective for two years; however, the 2025 Share Repurchase Program does not obligate the Company to repurchase any specific number of shares and may be suspended, modified or terminated at any time without prior notice.

 

In fiscal year 2025, the Company repurchased 66,776 shares of common stock of the Company at an average price of $119.80 per share on the open market, pursuant to the share repurchase program. As of the date of the repurchase, the repurchased shares were retired and returned to the status of authorized but unissued shares of common stock.

 

   

Fiscal year ended

  
   

September 27,

    

September 28,

    

September 30,

  
   

2025

    

2024

    

2023

  
                         

Shares repurchased (in thousands)

     67       -       -  

Average price per share

   $ 119.80     $ -     $ -  

Total investment (in thousands)

   $ 8,000     $ -     $ -  

 

As a result of the Company’s stock repurchases, there remains $42.0 million of share repurchase availability under the 2025 Share Repurchase Program as of September 27, 2025.