From time to time, we repurchase our common stock mainly through open market repurchase plans. On March 24, 2025, our Board of Directors authorized us to spend up to $100 million to repurchase shares of our stock. This authorization superseded and replaced all previous authorizations to repurchase shares of our stock and has no automatic expiration. During the First Quarter of Fiscal 2026, we repurchased no shares of our common stock. During the First Quarter of Fiscal 2025, we repurchased a total of 842,007 shares in open market repurchases at an average price of $59.38 for $50 million under a previous December 10, 2024, Board of Directors authorization of up to $100 million to repurchase shares of our stock.

We also repurchase shares from our employees to cover employee tax liabilities related to the vesting of shares of our common stock. During the First Quarter of Fiscal 2026 and the First Quarter of Fiscal 2025, we repurchased no shares from our employees to cover employee tax liabilities related to the vesting of shares of our common stock.

In recent years, we have granted a combination of service-based restricted share awards and awards based on relative total shareholder return ("TSR") to certain select employees.


	First Quarter of Fiscal 2026
	Number of Shares or Units	Weighted- average grant date fair value
Awards outstanding at beginning of year	235,457	$	85
Awards granted	247,665	$	33
Awards vested, including awards repurchased from employees for employees’ tax liability	—	$	—
Awards forfeited	(7,543)	$	84
Awards outstanding on May 2, 2026	475,579	$	58


	First Quarter of Fiscal 2026
	Number of Share Units	Weighted- average grant date fair value
TSR-based awards outstanding at beginning of year	244,346	$	117
TSR-based awards granted	101,250	$	42
TSR-based restricted shares earned and vested, including restricted share units repurchased from employees for employees’ tax liability	—	$	—
TSR-based awards forfeited	(6,736)	$	114
TSR-based awards outstanding on May 2, 2026	338,860	$	95

As disclosed in Note 1 to our consolidated financial statements contained in our Fiscal 2025 Form 10-K, the fair value of TSR-based awards is not tied to the price of our common stock at any fixed point in time; rather, the fair value of

TSR-based awards is determined using a Monte Carlo simulation model, which models multiple TSR paths for our common stock as well as the comparator group, as applicable, to evaluate and determine the estimated fair value of the award.