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Note 11 - Share Repurchases
 6 Months Ended
Apr. 01, 2023
Notes to Financial Statements  
Equity [Text Block]

(11) Share Repurchases

 

On November 18, 2008, our Board of Directors approved a share repurchase authorization to buy back up to $25.0 million of our outstanding common stock (the “Authorization”). Under the Authorization, repurchases may be made from time to time in the open market or in privately negotiated transactions subject to market conditions, applicable legal requirements and other factors. We are not obligated to acquire any common stock, and the program may be commenced or suspended at any time at our discretion without prior notice. The Authorization continues in effect until terminated by the Board of Directors. The Company repurchased $1.0 million or 34,459 shares and $1.9 million or 66,113 shares of its common stock during the three- and six-month periods ended April 1, 2023, respectively. As of April 1, 2023, there was $21.6 million remaining available for future share repurchases under this Authorization. There were no share repurchases during the three- and six-month periods ended April 2, 2022.