Stockholder's Equity

3 Months Ended

Jan. 01, 2016

Stockholders' Equity Note [Abstract]

STOCKHOLDER'S EQUITY

STOCKHOLDERS’ EQUITY

Stock Repurchase Program

On November 10, 2015, the Board of Directors approved a stock repurchase program, pursuant to which the Company is authorized to repurchase up to $400.0 million of its common stock from time to time on the open market or in privately negotiated transactions, as permitted by securities laws and other legal requirements. There was no repurchase activity during the three months ended January 1, 2016. As of January 1, 2016, $400.0 million remained available under the existing stock repurchase authorization.

Dividends

On January 28, 2016, the Company announced that the Board of Directors had declared a cash dividend on its common stock of $0.26 per share, payable on March 3, 2016, to the Company’s stockholders of record as of the close of business on February 11, 2016. During the three months ended January 1, 2016, the Company declared and paid a $0.26 dividend per common share with a total charge to retained earnings of $49.8 million.

Share-based Compensation

The following table summarizes the share-based compensation expense by line item in the Statement of Operations (in millions):

	Three months ended
	January 1, 2016		January 2, 2015
Cost of sales	$	4.0	$	3.2
Research and development	9.6		9.8
Selling, general and administrative	9.7		8.7
Total share-based compensation	$	23.3	$	21.7