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Common Stock Repurchase Program | 12 Months Ended
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May 01, 2022
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Common Stock Repurchase Program |
2 0. | COMMON STOCK REPURCHASE PROGRAM
In March 2020, our board of directors approved an authorization for us to acquire up to $5.0 million of our common stock. Under the common stock repurchase program, shares may be purchased in open market transactions, block trades, through plans established under the Securities Exchange Act Rule 10b5-1, or otherwise. The number and timing of share purchases are based on working capital requirements, market and general business conditions, and other factors, including alternative investment opportunities. During fiscal 2022, we repurchased 121,688 shares of our common stock at a cost of $1.8 million. As a result, as of May 1, 2022, $3.2 million is available for additional repurchases of our common stock. During fiscal 2021, we did not repurchase any shares of our common stock. During fiscal 2020, we repurchased 142,496 shares of our common stock at a cost of $1.7 million pursuant to the authorization approved by our board of directors on September 5, 2019.

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- Definition The entire disclosure about the entity's share repurchase program authorized by its board of directors, which may include the amount authorized, the number of shares repurchased, and the cost of the shares repurchased. + References No definition available. + Details
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