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Quarterly Dividend Program
6 Months Ended
Oct. 28, 2012
Quarterly Dividend Program
17.  Quarterly Dividend Program

On June 13, 2012, we announced that our board of directors approved the payment of a cash dividend of $0.03 per share in the first quarter of fiscal 2013. In addition, we paid a cash dividend of $0.03 per share in the second quarter of fiscal 2013. These cash dividend payments in the first and second quarters of fiscal 2013 totaled $747,000.

On November 27, 2012, we announced that our board of directors approved the payment of a special cash dividend of $0.50 per share prior to the end of calendar 2012.  In addition, the board approved the acceleration of payment of our scheduled January 2013 quarterly cash dividend of $0.03 per share.  Both of these payments will be made on December 28, 2012, to shareholders of record as of December 19, 2012.

Future dividend payments are subject to board approval and may be adjusted at the board’s discretion as business needs or market conditions change.