Equity

12 Months Ended

Sep. 27, 2025

Equity [Abstract]

Equity

10.  Equity

Equity Incentive Plans

In the current fiscal year, the Company initiated shareholder-approved stock plans under which restricted stock unit ("RSUs") and performance share units ("PSUs") have been granted to employees at the fair value of the Company's stock on the date of grant. RSUs generally vest ratably over a service period of three years. PSUs generally vest at the end of a performance period of three years. Compensation cost is recorded based upon the fair value of the shares at the original grant date. The fair value of the PSUs are estimated using a Monte Carlo simulation approach. The Company had unrecognized compensation expense of $16 million on awards as of fiscal year end.

Information related to the equity incentive plans as of the current fiscal year ended is as follows:

	2025
		Number of Shares			Weighted Average
		(in thousands)			Grant Price
Awards granted		1,636		$	20.16
Awards exercised		(248	)		21.05
Awards forfeited or cancelled		(29	)		20.19
Awards outstanding, end of period		1,359			20

The Company had equity incentive shares available for grant of 5 million as of September 27, 2025.