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Stockholders' Equity
 9 Months Ended
Jun. 29, 2024
Equity [Abstract]  
Stockholders' Equity
9. Stockholders' Equity
On November 15, 2023, the Board of Directors (the "Board") authorized a common stock repurchase program of up to $200.0 million. During the nine months ended June 29, 2024, the Company repurchased 7,777,208 shares for an aggregate purchase price of $128.7 million at an average price of $16.54 per share under the
repurchase program. Aggregate purchase price and average price per share exclude commission and excise tax. As of January 1, 2023, the Company's share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act. Any excise tax incurred is recognized as part of the cost basis of the shares acquired in the condensed consolidated statements of equity. The Company had $71.3 million available for share repurchases under the repurchase program as of June 29, 2024.
Treasury stock during the nine months ended June 29, 2024, included 1,274,606 shares withheld to satisfy employees' tax withholding requirements in connection with vesting of stock awards. Additionally, during the nine months ended June 29, 2024, the Company retired 9,788,975 shares of treasury stock.