(6) Shareholders’ Equity

Subsequent to the end of the third quarter of fiscal year 2019 the Company’s Board of Directors approved a new share repurchase program under which the Company is authorized to repurchase up to $60 million of outstanding common stock from time to time.  The new share repurchase program replaces the previous share repurchase program announced in October 2017, which has been terminated.  The Company spent $48.5 million to repurchase 2.1 million shares of its common stock, at an average price of $23.31 per share, under its previous share repurchase program.  During the first thirty-nine weeks of fiscal year 2019, 940,515 shares were repurchased at an aggregate cost of $20.6 million, or an average cost of $21.90 per share.  As of September 29, 2019, $11.5 million remained available for future purchases under the previous share repurchase program.

The Company’s Board of Directors declared the following dividends during the periods presented (amounts in thousands, except per share amounts):

Subsequent to the end of the third quarter of fiscal year 2019, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.13 per common and restricted share, or approximately $3.8 million in the aggregate based on the number of shares currently outstanding, payable on December 5, 2019 to stockholders of record as of the close of business on November 21, 2019.

Outstanding unvested restricted stock is not included in common stock outstanding amounts. Restricted stock awards outstanding as of September 29, 2019 aggregated 874,903 shares.  Restricted stock units outstanding as of September 29, 2019 aggregated 22,960 shares.