filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
Our business is subject to a variety of risks and uncertainties. These risks are described in this Quarterly Report on Form 10-Q and elsewhere in our other filings with the SEC, including Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended September 30, 2023. The risks identified in such reports have not changed in any material respect.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The table below provides information regarding our purchases of Class A stock during the three months ended December 30, 2023.
| Period | Total Number of Shares Purchased (2) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (3) | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (1) | ||||||||||||||||
| October 1, 2023 to October 28, 2023 | 62,827 | $ | 47.41 | — | 7,301,400 | |||||||||||||||
| October 29, 2023 to December 2, 2023 | 158,179 | 47.31 | — | 7,301,400 | ||||||||||||||||
| December 3, 2023 to December 30, 2023 | 43,116 | 51.53 | — | 7,301,400 | ||||||||||||||||
| Total | 264,122 | $ | 48.02 | — | 7,301,400 |
(1)On February 7, 2003, we announced that our Board of Directors had approved a program to repurchase up to 25 million shares of outstanding Class A common stock from time to time in open market or privately negotiated transactions. On May 3, 2012, our Board of Directors approved an additional 35 million shares, on January 30, 2014, our Board of Directors approved an additional 25 million shares and on February 4, 2016, our Board of Directors approved an additional 50 million shares, in each case, authorized for repurchase under our share repurchase program. The program has no fixed or scheduled termination date.
(2)We purchased 264,122 shares during the three months ended December 30, 2023 that were not made pursuant to our previously announced stock repurchase program but were purchased to fund certain Company obligations under our equity compensation plans. These transactions included 137,020 shares purchased in open market transactions and 127,102 shares withheld to cover required tax withholdings related to the vesting of restricted stock. Shares withheld to cover required tax withholdings related to the vesting of restricted stock do not reduce our total share repurchase authority.
(3)Shares purchased during the three months ended December 30, 2023 pursuant to our previously announced stock repurchase program.
**Item 3.**Defaults Upon Senior Securities
None.
**Item 4.**Mine Safety Disclosures
Not Applicable.
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