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Stockholders' Equity And Stock-Based Compensation (Tables)
9 Months Ended
Jun. 30, 2017
Stockholders' Equity And Stock-Based Compensation [Abstract]  
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 all 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 30, 2016
8,690

$
35.98

 
 
Grants
2,052

46.25

 
 
Exercises
(1,025
)
34.66

 
 
Forfeitures and cancellations
(179
)
37.26

 
 
Options outstanding at June 30, 2017
9,538

38.31

6.9
$
102,312

Options vested and expected to vest at June 30, 2017
8,895

38.05

6.8
97,680

Options exercisable at June 30, 2017
5,099

$
35.66

5.8
68,079

(1)
Aggregate intrinsic value is based on the closing price of our Class A common stock on June 30, 2017 of $48.96 and excludes the impact of options that were not in-the-money.
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 30, 2016
2,872

$
40.16

Granted
1,162

46.44

Vested
(1,062
)
36.50

Forfeitures
(118
)
39.62

Non-vested at June 30, 2017
2,854

$
44.10

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 Quarter Ended
 
Fiscal Year-To-Date Ended
 
June 30,
2017
July 1,
2016
 
June 30,
2017
July 1,
2016
Expected term (in years)
5.13

5.24

 
5.13

5.24

Risk-free interest rate
1.8
%
1.2
%
 
2.1
%
1.7
%
Expected stock price volatility
25.1
%
30.1
%
 
27.4
%
29.8
%
Dividend yield
1.1
%
1.1
%
 
1.1
%
1.4
%
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following two tables separately present stock-based compensation expense both by award type and classification in our consolidated statements of operations (in thousands):
Expense - By Award Type
 
Fiscal Quarter Ended
 
Fiscal Year-To-Date Ended
 
June 30,
2017
July 1,
2016
 
June 30,
2017
July 1,
2016
Compensation Expense - By Type
 
 
 
 
 
Stock options
$
4,489

$
4,980

 
$
13,867

$
16,344

Restricted stock units
10,349

10,080

 
32,446

32,423

Employee stock purchase plan
904

947

 
2,627

2,706

Total stock-based compensation
15,742

16,007

 
48,940

51,473

Benefit from income taxes
(4,568
)
(4,655
)
 
(14,231
)
(15,067
)
Total stock-based compensation, net of tax
$
11,174

$
11,352

 
$
34,709

$
36,406


Expense - By Income Statement Line Item Classification
 
Fiscal Quarter Ended
 
Fiscal Year-To-Date Ended
 
June 30,
2017
July 1,
2016
 
June 30,
2017
July 1,
2016
Compensation Expense - By Classification
 
 
 
 
Cost of products
$
229

$
220

 
$
710

$
719

Cost of services
126

113

 
383

356

Research and development
4,551

4,243

 
13,987

13,618

Sales and marketing
6,187

6,451

 
19,563

20,602

General and administrative
4,649

4,980

 
14,297

16,178

Total stock-based compensation
15,742

16,007

 
48,940

51,473

Benefit from income taxes
(4,568
)
(4,655
)
 
(14,231
)
(15,067
)
Total stock-based compensation, net of tax
$
11,174

$
11,352

 
$
34,709

$
36,406

Schedule of Tax Benefit from Exercise of Options
This benefit was as follows (in thousands):
 
Fiscal Quarter Ended
 
Fiscal Year-To-Date Ended
 
June 30,
2017
July 1,
2016
 
June 30,
2017
July 1,
2016
Tax benefit - shares issued under ESPP
$
367

$
358

 
$
786

$
481

Schedule of Stock Repurchase Authorizations
The following table summarizes the initial amount of authorized repurchases as well as additional repurchases approved by our Board of Directors as of June 30, 2017 (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

Fiscal 2017: January 2017
200,000

Total
$
1,300,000

Schedule of Stock Repurchase Activity
The following table provides information regarding share repurchase activity under the program during fiscal 2017:
Quarterly Repurchase Activity
Shares
Repurchased
Cost (1)
Average Price Paid Per Share (2)
 
 
(in thousands)
 
Q1 - Quarter ended December 30, 2016
531,465

$
25,001

$
47.02

Q2 - Quarter ended March 31, 2017
519,917

24,999

48.07

Q3 - Quarter ended June 30, 2017
485,179

24,994

51.50

Total
1,536,561

$
74,994

 
(1)
Cost of share repurchases includes the price paid per share and applicable commissions.
(2)
Average price paid per share excludes commission costs.
Dividends Declared
In October 2014, our Board of Directors initiated a recurring quarterly dividend program for our stockholders. The following table summarizes dividend payments to be made under the program in relation to fiscal 2017:
Fiscal Period
Declaration Date
Record Date
Payment Date
Cash Dividend Per Common Share
Dividend Payment
 
Fiscal 2017
 
 
 
 
 
 
Q1 - Quarter ended December 30, 2016
January 25, 2017
February 6, 2017
February 15, 2017
$
0.14

$14.3 million
 
Q2 - Quarter ended March 31, 2017
April 26, 2017
May 8, 2017
May 16, 2017
$
0.14

$14.3 million
 
Q3 - Quarter ended June 30, 2017
July 24, 2017
August 7, 2017
August 15, 2017
$
0.14

$14.3 million
(1)
(1)
The amount of the dividend payment is estimated based on the number of shares of our Class A and Class B common stock that we estimate will be outstanding as of the Record Date.