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Share Repurchase Program
6 Months Ended
Jun. 28, 2025
Share Repurchase Program  
Share Repurchase Program

Note J – Share Repurchase Program

 

On April 30, 2025, the Board had approved a new share repurchase program authorizing the Company to repurchase up to 400,000 shares of the Company’s common stock over a five-year term expiring in April 2030.   Current authorization for 200,000 shares expiring August 29, 2025.  The Company’s share repurchase program does not obligate it to acquire the Company’s common stock at any specific cost per share. Under this program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.  Below is a summary of the Company’s share repurchases during the second quarter of 2025 under the share repurchase program.

 

Period

 

Total Number of Shares Purchased

 

 

Average Price Paid Per Share

 

 

Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs

 

 

Maximum Number of Shares that may yet be Purchased Under the Plans or Programs

 

April 30, 2025 - May 3, 2025

 

 

-

 

 

$-

 

 

 

-

 

 

 

400,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

May 4, 2025 - May 31, 2025

 

 

18,261

 

 

 

23.49

 

 

 

18,261

 

 

 

381,739

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 1, 2025 - June 28, 2025

 

 

12,701

 

 

 

23.15

 

 

 

12,701

 

 

 

369,038

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

30,962

 

 

$23.35

 

 

 

30,962

 

 

 

369,038