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Stockholders' Equity And Stock-Based Compensation (Tables)
 6 Months Ended
Mar. 29, 2024
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 stock options, including PSOs, issued under our 2020 Stock Plan:
SharesWeighted-Average
Exercise Price		Weighted-Average
Remaining
Contractual Life
Aggregate
Intrinsic
Value (1)
 (in thousands) (in years)(in thousands)
Options outstanding as of September 29, 20233,720 $66.13 
Grants271 87.49 
Exercises(408)53.02 
Forfeitures and cancellations(49)89.66 
Options outstanding as of March 29, 20243,534 69.01 5.33$56,345 
Options vested and expected to vest as of March 29, 20243,388 68.72 5.2556,100 
Options exercisable as of March 29, 20242,767 $65.60 4.4753,313 
(1)Aggregate intrinsic value is based on the closing stock price of our Class A common stock on March 29, 2024 of $83.77 and excludes the impact of options that were not in-the-money.
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award
The following table summarizes information on PSUs granted to our officers that have not vested as of March 29, 2024:
Aggregate Shares GrantedPotential Shares at Vest Date (at 200% of Target)
December 15, 202160,301 120,602 
December 15, 202290,613 181,226 
December 15, 202377,283 154,566 
Summary Of Restricted Stock Units Issued To Officers, Directors And Employees Under 2005 Stock Incentive Plan
The following table summarizes information about RSUs, including PSUs, issued under our 2020 Stock Plan:
SharesWeighted-Average
Grant Date
Fair Value 
 (in thousands)
Non-vested as of September 29, 20233,747 $78.62 
Granted1,639 84.07 
Vested(1,200)78.65 
Forfeitures(306)81.57 
Non-vested as of March 29, 20243,880 $80.68 
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-To-Date Ended
 March 29,
2024		March 31,
2023
Expected term (in years)4.864.82
Risk-free interest rate3.9 %3.6 %
Expected stock price volatility29.4 %29.4 %
Dividend yield1.4 %1.6 %
There were no stock options granted during the second quarters of fiscal 2024 and fiscal 2023.
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 unaudited interim condensed consolidated statements of operations (in thousands):
Expense - By Award Type
 Fiscal Quarter EndedFiscal Year-To-Date Ended
 March 29,
2024		March 31,
2023		March 29,
2024		March 31,
2023
Compensation expense
Stock options$1,505 $2,008 $3,630 $4,413 
Restricted stock units (1) (2)
26,331 26,544 55,347 54,096 
Employee stock purchase plan1,079 1,275 1,832 2,558 
Total stock-based compensation28,915 29,827 60,809 61,067 
Estimated benefit from income taxes(4,143)(4,497)(9,142)(9,199)
Total stock-based compensation, net of tax$24,772 $25,330 $51,667 $51,868 
(1)Stock-based compensation expense incurred by restricted stock units includes expense from PSUs.
(2)Excludes $0.1 million and $0.3 million of capitalized stock-based compensation related to internal-use software in the second quarter of fiscal 2024 and in the second quarter of fiscal 2023, respectively, and excludes $0.2 million and $0.7 million in the fiscal year-to-date periods ended March 29, 2024 and March 31, 2023, respectively.
Expense - By Income Statement Line Item Classification
 Fiscal Quarter EndedFiscal Year-To-Date Ended
 March 29,
2024		March 31,
2023		March 29,
2024		March 31,
2023
Compensation expense
Cost of products and services$356 $431 $766 $934 
Research and development8,949 9,472 19,055 20,148 
Sales and marketing9,927 10,276 20,408 21,003 
General and administrative9,683 9,648 20,580 18,982 
Total stock-based compensation28,915 29,827 60,809 61,067 
Estimated benefit from income taxes(4,143)(4,497)(9,142)(9,199)
Total stock-based compensation, net of tax$24,772 $25,330 $51,667 $51,868 
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 March 29, 2024 (in thousands):
Date of AuthorizationAuthorization Amount
Fiscal 2010: November 2009$250,000 
Fiscal 2010: July 2010300,000 
Fiscal 2011: July 2011250,000 
Fiscal 2012: February 2012100,000 
Fiscal 2015: October 2014200,000 
Fiscal 2017: January 2017200,000 
Fiscal 2018: July 2018350,000 
Fiscal 2019: July 2019350,000 
Fiscal 2021: July 2021350,000 
Fiscal 2022: February 2022250,000 
Fiscal 2022: August 2022350,000 
Total$2,950,000 
Schedule of Stock Repurchase Activity
The following table provides information regarding share repurchase activity under the program during fiscal 2024:
Quarterly Repurchase ActivityShares
Repurchased
Cost (1)
Average Price Paid Per Share (2)
(in thousands)
Q1 - Quarter ended December 29, 2023967,789 $80,002 $82.66 
Q2 - Quarter ended March 29, 2024294,400 24,997 84.91 
Total1,262,189 $104,999 
(1)Cost of share repurchases includes the price paid per share, and excludes commission costs.
(2)Average price paid per share excludes commission costs.
Dividends Declared
The following table summarizes dividends declared under the program during fiscal 2024:
Fiscal PeriodAnnouncement DateRecord DatePayment DateCash Dividend Per Common ShareDividend Payment
Q1 - Quarter ended December 29, 2023February 1, 2024February 13, 2024February 22, 2024$0.30 $28.7 million
Q2 - Quarter ended March 29, 2024May 2, 2024May 14, 2024May 22, 2024$0.30 $28.7 million
(1)
(1)The dividend payment amount for the dividend declared in the second quarter of fiscal 2024 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.