Stock-based Compensation (Tables)

6 Months Ended

Apr. 02, 2022

Share-based Payment Arrangement [Abstract]

Schedule of stock option activity

The summary of the Company’s stock option activity is as follows:

	Number of Options			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
						(In years)		(In thousands)
Outstanding at October 2, 2021		14,545,239		$	12.86		5.1	$	282,141
Granted		—			—
Exercised		(2,526,447	)		11.59
Expired		(340	)		2.50
Forfeited		(18,072	)		15.05
Outstanding at April 2, 2022		12,000,380		$	13.13		4.9	$	174,640
At April 2, 2022
Options exercisable		11,234,842		$	13.06		4.7	$	164,249
Options vested and expected to vest		11,940,890		$	13.12		4.9	$	173,829

Schedule of restricted stock unit activity

The summary of the Company’s RSU activity is as follows:

	Number of Units			Weighted-Average Grant Date Fair Value		Aggregate Intrinsic Value
						(In thousands)
Outstanding at October 2, 2021		9,283,525		$	12.64	$	299,487
Granted		2,958,133			32.04
Released		(2,004,895	)		13.47
Forfeited		(512,347	)		17.55
Outstanding at April 2, 2022		9,724,416		$	18.11	$	269,172
At April 2, 2022
Units expected to vest		8,328,841		$	17.73	$	230,542

Schedule of performance stock units activity

The summary of the Company’s PSU activity is as follows:

	Number of Units		Weighted-Average Grant Date Fair Value		Aggregate Intrinsic Value
					(In thousands)
Outstanding at October 2, 2021		158,521	$	22.81	$	5,114
Granted		252,296		29.71
Vested		—		—
Forfeited		—		—
Outstanding at April 2, 2022		410,817	$	27.05	$	11,371

Schedule of stock-based compensation expense

Total stock-based compensation expense by functional category was as follows:

	Three Months Ended				Six Months Ended
	April 2, 2022		April 3, 2021		April 2, 2022		April 3, 2021
(In thousands)
Cost of revenue	$	377	$	261	$	705	$	474
Research and development		8,091		6,683		14,829		12,942
Sales and marketing		4,177		3,632		7,824		7,040
General and administrative		8,580		5,787		15,326		10,751
Total stock-based compensation expense	$	21,225	$	16,363	$	38,684	$	31,207