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Note 11 - Share Repurchase Program
9 Months Ended
Jan. 29, 2022
Notes to Financial Statements  
Treasury Stock [Text Block]

Note 11. Share Repurchase Program

 

On June 17, 2016, our Board of Directors approved a stock repurchase program under which we may purchase up to $40,000 of the Company's outstanding shares of common stock. Under this program, we may repurchase shares from time to time in open market transactions and in privately negotiated transactions based on business, market, applicable legal requirements and other considerations. The repurchase program does not require the repurchase of a specific number of shares and may be terminated at any time.

 

In April 2020, the Board had suspended the program. On December 2, 2021, the Board of Directors of Daktronics voted to reauthorize the stock repurchase program.

 

During the nine months ended January 29, 2022, we repurchased 600 shares of common stock at a total cost of $3,000. As of  January 29, 2022, we had $29,539 of remaining capacity under our current share repurchase program.