XML 48 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stockholders' Equity And Stock-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2016
Stockholders' Equity And Stock-Based Compensation [Abstract]  
Schedule of Treasury Stock Authorizations [Table Text Block]
In November 2009, we announced a stock repurchase program ("program"), providing for the repurchase of up to $250.0 million of our Class A common stock. The following table summarizes the initial amount of authorized repurchases as well as additional repurchases approved by our Board of Directors as of September 30, 2016 (in thousands):
Authorization Period
Authorization Amount
Fiscal 2010: November 2009
$
250,000

Fiscal 2010: July 2010
300,000

Fiscal 2011: July 2011
250,000

Fiscal 2012: February 2012
100,000

Fiscal 2015: October 2014
200,000

Total
$
1,100,000

Schedule Of Fair Value Of Stock-Based Awards Estimated Using Weighted-Average Assumptions
The weighted-average assumptions used in the determination of the fair value of our stock options were as follows:
 
Fiscal Year Ended
 
September 30,
2016
September 25,
2015
September 26,
2014
Expected term (in years)
5.24

4.64

4.58

Risk-free interest rate
1.7
%
1.5
%
1.4
%
Expected stock price volatility
29.8
%
29.6
%
32.0
%
Dividend yield
1.4
%
0.9
%
%
Summary Of Weighted-Average Fair Value Of Stock Options Granted And Total Intrinsic Value Of Stock Options Exercised
The following table summarizes the weighted-average fair value (per share) of stock options granted and the total intrinsic value of stock options exercised (in thousands):
 
Fiscal Year Ended
 
September 30,
2016
September 25,
2015
September 26,
2014
Stock options granted - weighted-average grant date fair value
$
8.49

$
10.54

$
11.11

Stock options exercised - intrinsic value
27,485

8,546

15,300

Summary Of Stock Options Issued To Officers, Directors, And Employees Under 2000 Stock Incentive Plan And 2005 Stock Plan
The following table summarizes information about stock options issued under our 2005 Stock Plan:
 
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Life
Aggregate
Intrinsic
Value (1)
 
(in thousands)
 
(in years)
(in thousands)
Options outstanding at September 25, 2015
8,835

$
35.85

 
 
Grants
2,220

33.42

 
 
Exercises
(1,930
)
31.81

 
 
Forfeitures and cancellations
(435
)
37.33

 
 
Options outstanding at September 30, 2016
8,690

35.98

7.1
$
159,230

 
 
 
 
 
Options vested and expected to vest at September 30, 2016
8,172

35.97

7.0
149,856

 
 
 
 
 
Options exercisable at September 30, 2016
4,638

$
35.08

6.0
88,040

Summary Of Stock Options Outstanding And Exercisable
The following table summarizes information about stock options outstanding and exercisable at September 30, 2016:
 
Outstanding Options
 
Options Exercisable
Range of Exercise Price
Shares
Weighted-Average
Remaining Contractual Life
Weighted-Average
Exercise Price
 
Shares
Weighted-Average
Exercise Price
 
(in thousands)
(in years)
 
 
(in thousands)
 
$24.60 - $28.90
1,153

4.4
$
28.22

 
1,153

$
28.22

$28.91 - $33.40
3,129

7.7
32.25

 
963

30.48

$33.41 - $37.33
168

5.7
35.20

 
112

34.83

$37.34 - $42.95
2,163

7.1
38.42

 
1,467

38.43

$42.96 - $47.45
1,998

7.8
43.09

 
881

43.15

$47.46 - $58.07
59

4.7
49.26

 
42

49.00

$58.08 - $62.29
20

4.2
59.69

 
20

59.69

 
8,690

 
 
 
4,638

 
Summary Of Restricted Stock Units Issued To Officers, Directors And Employees Under 2005 Stock Incentive Plan
The following table summarizes information about RSUs issued under our 2005 Stock Plan:
 
Shares
Weighted-Average
Grant Date
Fair Value 
 
(in thousands)
 
Non-vested at September 25, 2015
2,830

$
40.73

Granted
1,407

35.04

Vested
(1,122
)
35.82

Forfeitures
(243
)
37.16

Non-vested at September 30, 2016
2,872

$
40.16

Schedule of Share-Based Payment Fair Value by Vesting Date
The fair value as of the respective vesting dates of RSUs were as follows (in thousands):
 
Fiscal Year Ended
 
September 30,
2016
September 25,
2015
September 26,
2014
Restricted stock units - vest date fair value
$
40,283

$
45,175

$
40,810

Schedule Of Stock-Based Compensation Expense By Plan
The following tables separately present stock-based compensation expense both by award type and classification within our consolidated statements of operations (in thousands):
Expense - By Award Type
 
Fiscal Year Ended
 
September 30,
2016
September 25,
2015
September 26,
2014
Stock options
$
21,311

$
22,972

$
19,680

Restricted stock units
42,201

40,332

42,221

Employee stock purchase plan
3,473

3,765

3,779

Total stock-based compensation
66,985

67,069

65,680

Benefit from income taxes
(19,627
)
(19,606
)
(19,315
)
Total stock-based compensation, net of tax
$
47,358

$
47,463

$
46,365

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Expense - By Income Statement Classification
 
Fiscal Year Ended
Compensation Expense - By Classification
September 30,
2016
September 25,
2015
September 26,
2014
Cost of products
$
859

$
949

$
812

Cost of services
547

457

402

Research and development
17,771

18,682

18,510

Sales and marketing
27,579

24,283

23,236

General and administrative
20,229

22,698

22,720

Total stock-based compensation
66,985

67,069

65,680

Benefit from income taxes
(19,627
)
(19,606
)
(19,315
)
Total stock-based compensation, net of tax
$
47,358

$
47,463

$
46,365

Schedule of Stock Repurchase Activity
The following table provides information regarding share repurchase activity under the program in fiscal 2016:
Quarterly Repurchase Activity
Shares
Repurchased
Cost (1)
Average Price Paid Per Share (2)
 
 
(in thousands)
 
Q1 - Quarter ended January 1, 2016
1,140,700

$
39,449

$
34.57

Q2 - Quarter ended April 1, 2016
975,745

37,407

38.32

Q3 - Quarter ended July 1, 2016
176,854

7,998

45.22

Q4 - Quarter ended September 30, 2016
323,085

16,000

49.51

Total
2,616,384

$
100,854

 
(1)
Cost of share repurchases includes the price paid per share and applicable commissions.
(2)
Average price paid per share excludes commission costs.
Schedule of Tax Benefit from Exercise of Options [Table Text Block]
The tax benefit that we recognize from certain exercises of ISOs and shares issued under our ESPP are excluded from the tables above. This benefit was as follows (in thousands):
 
Fiscal Year Ended
 
September 30,
2016
September 25,
2015
September 26,
2014
Tax benefit - stock option exercises & shares issued under ESPP
$
550

$
328

$
538