Item 2. Unregistered Sales of Equity Securities
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) Not applicable.
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(b) Not applicable.
(c) The following provides information about our repurchases of shares of our common stock during the fiscal quarter ended July 2, 2022. During that period, we did not act in concert with any affiliate or any other person to acquire any of our common stock and, accordingly, we do not believe that purchases by any such affiliate or other person (if any) are reportable in the following table. For purposes of this table, we have divided the fiscal quarter into three periods of four weeks, four weeks, and five weeks, respectively, to coincide with our reporting periods during the second quarter of fiscal 2022.
Issuer Purchases of Equity Securities
Period (a)
Total Number of
Shares
Purchased(1)(2) (b)
Average Price
Paid per Share(1)(2) (c)
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs(2) (d)
Approximate
Dollar Value of
Shares that May Yet
Be Purchased
Under the Plans
or Programs(2)
April 3, 2022 to April 30, 2022 921 $ 85.07 — $ 45,528,383
May 1, 2022 to May 28, 2022 107,814 $ 81.87 107,814 $ 36,701,523
May 29, 2022 to July 2, 2022 103,531 $ 85.46 103,531 $ 27,854,153
_______________________________
(1) During the four weeks ended April 30, 2022, we accepted 921 shares of our common stock as a tax withholding from certain of our employees in connection with the vesting of shares of restricted stock that occurred during the indicated period, pursuant to the terms of our 2006 equity incentive plan, at the average price of $85.07.
(2) On February 7, 2022 our Board of Directors authorized an expansion to our existing share repurchase program of an additional $20.0 million of outstanding shares of our common stock. We may repurchase shares under this program in open market purchases (including through any Rule 10b5-1 plan adopted by us) or in privately negotiated transactions in accordance with applicable insider trading and other securities laws and regulations. During the four weeks ended May 28, 2022, we repurchased and retired 107,814 shares under this program at an average price per share of $81.87. During the five weeks ended July 2, 2022, we repurchased and retired 103,531 shares under this program at an average price per share of $85.46. Approximately $27.9 million was available for future repurchases under this program as of July 2, 2022. We expect to continue to repurchase shares under this program.
ITEM 3. Defaults Upon Senior Securities
None.
ITEM 4. Mine Safety Disclosures
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.