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COMMON STOCK
 12 Months Ended
Oct. 03, 2015
COMMON STOCK [Abstract]  
COMMON STOCK

NOTE 14.    COMMON STOCK

 

Treasury Stock

 

Purchase of Common Shares

 

During our fiscal year 2015, we did not purchase any shares of our common stock. During our fiscal year 2014, we purchased 800 shares of our common stock from the Joseph G. Flanigan Charitable Trust for a purchase price of $10,000. As of October 3, 2015, we still have authority to purchase 65,414 shares of our common stock under the discretionary plan approved by the Board of Directors on May 17, 2007. Our current repurchase plan has no expiration date and purchases under this program may be made from time to time on the open market and in private transactions, depending on market conditions, up to a purchase price of price of $15 per share.

 

Sale of Common Shares

 

During our fiscal years 2015 and 2014, we did not sell any shares of our common stock.

 

Stock Options

 

At a May 15, 2014 meeting, our Board of Directors terminated our stock option plan. We granted no options during our fiscal years 2015 and 2014. We have no options outstanding at October 3, 2015.