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Stock-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2023
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 1, 2022

 

 

10,802,882

 

 

$

13.37

 

 

 

4.5

 

 

$

10,956

 

Exercised

 

 

(2,005,776

)

 

$

10.64

 

 

 

 

 

 

 

Forfeited

 

 

(247,149

)

 

$

14.20

 

 

 

 

 

 

 

Outstanding at September 30, 2023

 

 

8,549,957

 

 

$

13.99

 

 

 

3.6

 

 

$

1,689

 

At September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable

 

 

8,549,957

 

 

$

13.99

 

 

 

3.6

 

 

$

1,689

 

Options vested and expected to vest

 

 

8,549,957

 

 

$

13.99

 

 

 

3.6

 

 

$

1,689

 

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 1, 2022

 

 

8,308,177

 

 

$

19.25

 

 

$

115,484

 

Granted

 

 

5,272,828

 

 

$

17.33

 

 

 

 

Released

 

 

(4,458,367

)

 

$

16.66

 

 

 

 

Forfeited

 

 

(1,460,603

)

 

$

19.34

 

 

 

 

Outstanding at September 30, 2023

 

 

7,662,035

 

 

$

19.42

 

 

$

98,917

 

At September 30, 2023

 

 

 

 

 

 

 

 

 

Units expected to vest

 

 

6,618,791

 

 

$

19.39

 

 

$

85,449

 

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 1, 2022

 

 

398,077

 

 

$

26.96

 

 

$

5,533

 

Granted

 

 

249,370

 

 

$

17.54

 

 

 

 

Released

 

 

(263,158

)

 

$

26.26

 

 

 

 

Forfeited

 

 

(119,098

)

 

$

21.45

 

 

 

 

Outstanding at September 30, 2023

 

 

265,191

 

 

$

21.27

 

 

$

3,424

 

Schedule of stock-based compensation expense

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

 

 

September 30,
2023

 

 

October 1,
2022

 

 

October 2,
2021

 

(In thousands)

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

2,038

 

 

$

1,620

 

 

$

988

 

Research and development

 

 

35,530

 

 

 

30,724

 

 

 

25,075

 

Sales and marketing

 

 

15,677

 

 

 

15,335

 

 

 

13,570

 

General and administrative

 

 

23,612

 

 

 

27,961

 

 

 

22,494

 

Total stock-based compensation expense

 

$

76,857

 

 

$

75,640

 

 

$

62,127