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SHARE REPURCHASE PROGRAMS | 9 Months Ended
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Aug. 01, 2021
SHARE REPURCHASE PROGRAMS [Abstract] |
SHARE REPURCHASE PROGRAMS | NOTE 14 - SHARE REPURCHASE PROGRAMS In September 2020, the Company’s board of directors authorized the repurchase of up to $100 million of its common stock, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Act. The company commenced repurchasing shares under this authorization on September 16, 2020. All of the shares repurchased under this authorization as of August 1, 2021, have been retired. The table below presents information on this repurchase program.
|  | Three Months Ended August 1, 2021 |  |  | Nine Months Ended August 1, 2021 |  |  | From Inception Date of September 16, 2020 |
Number of shares repurchased |  |  | 964 |  |  |  | 2,983 |  |  |  | 4,713 |
Cost of shares repurchased |  | $ | 12,500 |  |  | $ | 35,750 |  |  | $ | 53,250 |
Average price paid per share |  | $ | 12.97 |  |  | $ | 11.98 |  |  | $ | 11.30 |
In August 2019, the Company’s board of directors authorized the repurchase of up to $100 million of its common stock, pursuant to a repurchase plan under Rule 10b5-1 of the Securities Act. This repurchase program was terminated in March of 2020. All of the shares repurchased under this authorization have been retired. The table below presents information on this repurchase program.
|  | Nine Months Ended August 2, 2020 |  |  | From Inception Date of September 25, 2019 |
Number of shares repurchased |  |  | 1,464 |  |  |  | 2,460 |
Cost of shares repurchased |  | $ | 16,894 |  |  | $ | 27,894 |
Average price paid per share |  | $ | 11.54 |  |  | $ | 11.34 |

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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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