Delta Apparel, Inc. (DLA) said Friday that its Board of Directors has authorized management to use an additional $10.0 million to repurchase Delta Apparel common stock in open market transactions under the company's stock repurchase program.
Since the inception of its stock repurchase program, the company has used an aggregate $18.0 million to purchase 1,634,080 shares at an average price of $11.01 per share.
Prior to the Board's action, only $2.0 million remained of the original $20 million authorization under the program.
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