Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On May 5, 2025, our Board of Directors authorized an additional $500 million stock repurchase program in addition to the previous $400 million stock repurchase program authorized on October 5, 2021. In the first half of fiscal 2026, we repurchased and settled 2,894,539 shares with an average price of $34.55 per share for a total cost of $100.0 million in the open market. We repurchased and settled 5,165,715 shares with an average price of $33.87 per share for a total cost of $175.0 million in the open market in the first half of fiscal 2025. In the first half of fiscal 2026, we also paid $2.0 million of excise tax on stock repurchases imposed by the Inflation Reduction Act of 2022. At March 29, 2026, we had a remaining balance of $497.8 million under our stock repurchase programs.
Below is a summary of the stock repurchases that were traded and settled during the first half of fiscal 2026 :
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 Dollar Value that May Yet be Purchased Under the Plans or Programs (in thousands)
September 29, 2025 - October 26, 2025 488,381 $ 33.57 488,381 $ 581,432
October 27, 2025 - November 23, 2025 517,534 33.35 517,534 564,172
November 24, 2025 - December 28, 2025 476,201 34.32 476,201 547,828
December 29, 2025 - January 25, 2026 390,022 35.45 390,022 534,003
January 26, 2026 - February 22, 2026 442,691 38.30 442,691 517,049
February 23, 2026 - March 29, 2026 579,710 33.16 579,710 497,828
Item 4. Mine Safety Disclosures
Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") requires domestic mine operators to disclose violations and orders issued under the Mine Act by Mine Safety and Health Administration. We do not act as the owner of any mines, but we may act as a mining operator as defined under the Mine Act where we may be an independent contractor performing services or construction at such mine. Information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Act and Item 104 of Regulation S-K is included in Exhibit 95.
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