SHAREHOLDERS' EQUITY AND EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Oct. 01, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Company’s matching contributions to the Plan

The following table reflects the Company’s contributions to the Plans during fiscal 2016 and 2015:

	Fiscal
(in thousands)	2016		2015
Cash	$	1,544	$	1,573

Accumulated other comprehensive income reflected on the Consolidated Balance Sheets

The following table reflects accumulated other comprehensive income reflected on the Consolidated Balance Sheets as of October 1, 2016 and October 3, 2015: 

	As of
(in thousands)	October 1, 2016			October 3, 2015
Gain/(Loss) from foreign currency translation adjustments	$	462		$	(161	)
Unrecognized actuarial loss, Switzerland pension plan, net of tax	(588		)	(590		)
Switzerland pension plan curtailment	(2,138		)	(346		)
Unrealized loss on hedging	(462		)	—
Accumulated other comprehensive income	$	(2,726	)	$	(1,097	)

Equity-based compensation expense

The following table reflects total equity-based compensation expense, which includes restricted stock, stock options and common stock, included in the Consolidated Statements of Operations for fiscal 2016, 2015, and 2014: 

	Fiscal
(in thousands)	2016		2015		2014
Cost of sales	$	421	$	393	$	344
Selling, general and administrative (1)	3,244		9,127		8,906
Research and development	2,065		2,469		2,086
Total equity-based compensation expense	$	5,730	$	11,989	$	11,336

(1) The selling, general and administrative expense for fiscal 2016, includes the reversal of a $2.0 million expense due to the forfeiture of stock awards in connection with the October 2015 retirement of the Company's CEO.

The following table reflects equity-based compensation expense, by type of award, for fiscal 2016, 2015, and 2014:  

	Fiscal
(in thousands)	2016			2015		2014
Market-based restricted stock	$	(33	)	$	4,677	$	4,960
Time-based restricted stock	5,255			6,129		5,419
Performance-based restricted stock	(43		)	131		131
Stock options	—			3		17
Common stock	551			1,049		809
Total equity-based compensation expense (1)	$	5,730		$	11,989	$	11,336

Employee market-based restricted stock activity

The following table reflects employee market-based restricted stock activity for fiscal 2016, 2015, and 2014:

	Number of shares (in thousands)		Unrecognized compensation expense (in thousands)		Average remaining service period (in years)	Weighted average grant date fair value per share
Market-based restricted stock outstanding as of September 28, 2013	1,085		$	5,913	1.1
Granted	335					$	13.46
Forfeited or expired	(19	)
Vested	(333	)
Market-based restricted stock outstanding as of September 27, 2014	1,068		$	5,271	1.0
Granted	232					$	16.83
Forfeited or expired	(48	)
Vested	(674	)
Market-based restricted stock outstanding as of October 3, 2015	578		4,465		1.4
Granted	172					$	12.26
Forfeited or expired	(256	)
Vested	(10	)
Market-based restricted stock outstanding as of October 1, 2016	484		$	2,924	1.0

Schedule of Assumptions Used to Calculate Compensation Expense

The following table reflects the assumptions used to calculate compensation expense related to the Company’s performance-based restricted stock issued during fiscal 2016, 2015, and 2014:

	Fiscal
	2016			2015			2014
Grant Price	$	9.58		$	14.02		$	11.29
Expected dividend yield	N/A			N/A			N/A
Expected stock price volatility	30.85		%	35.48		%	44.88		%
Risk-free interest rate	0.89		%	0.89		%	0.69		%

Employee time-based restricted stock activity

The following table reflects employee time-based restricted stock activity for fiscal 2016, 2015, and 2014:

	Number of shares (in thousands)		Unrecognized compensation expense (in thousands)		Average remaining service period (in years)	Weighted average grant date fair value per share
Time-based restricted stock outstanding as of September 28, 2013	1,216		$	6,028	1.2
Granted	649					$	11.48
Forfeited or expired	(52	)
Vested	(756	)
Time-based restricted stock outstanding as of September 27, 2014	1,057		$	6,720	1.4
Granted	484					$	14.06
Forfeited or expired	(29	)
Vested	(663	)
Time-based restricted stock outstanding as of October 3, 2015	849		$	7,054	1.6
Granted	597					$	9.66
Forfeited or expired	(85	)
Vested	(346	)
Time-based restricted stock outstanding as of October 1, 2016	1,015		$	6,440	1.5

Schedule Of Performance Based Restricted Stock Activity

The following table reflects employee performance-based restricted stock activity for fiscal 2016, 2015, and 2014:

	Number of shares (in thousands)		Unrecognized compensation expense (in thousands)	Average remaining service period (in years)
Performance-based restricted stock outstanding as of September 28, 2013	57		550	4.2
Granted	—
Performance-based restricted stock outstanding as of September 27, 2014	57		419	3.2
Granted	—
Performance-based restricted stock outstanding as of October 3, 2015	57		285	2.2
Granted	—
Forfeited or expired	(29	)
Vested	(28	)
Performance-based restricted stock outstanding as of October 1, 2016	—		—	—

Employee stock option activity

The following table reflects employee stock option activity for fiscal 2016, 2015, and 2014:

	Number of shares (in thousands)		Weighted average exercise price		Average remaining contractual life (in years)	Aggregate intrinsic value (in thousands)
Options outstanding as of September 28, 2013	562		$	9.56
Exercised	(121	)	$	7.84		$	654
Forfeited or expired	(221	)	$	11.92
Options outstanding as of September 27, 2014	220		$	8.14
Exercised	(45	)	$	8.58		$	282
Forfeited or expired	(28	)	$	7.25
Options outstanding as of October 3, 2015	147		$	8.18
Exercised	(53	)	$	5.40		$	330
Forfeited or expired	(4	)	$	9.00
Options outstanding as of October 1, 2016	90		$	8.41	1.2	$	408
Options vested and expected to vest as of October 1, 2016	90		$	8.41	1.2	$	408
Options exercisable as of October 1, 2016	90		$	8.41	1.2
In the money exercisable options as of October 1, 2016	90					$	408

Outstanding and exercisable employee stock options

The following table reflects outstanding and exercisable employee stock options as of October 1, 2016:

	Options Outstanding				Options Exercisable
Range of exercise prices	Options outstanding (in thousands)	Weighted average remaining contractual life (in years)	Weighted average exercise price		Options exercisable (in thousands)	Weighted average exercise price
3.06 - 7.08	11	3.8	$	6.3	11	$	6.3
8.43 - 9.64	79	0.9	8.7		79	8.7
	90	1.2	$	8.4	90	$	8.4

Common stock issued to non-employee directors

The following table reflects shares of common stock issued to non-employee directors and the corresponding fair value for fiscal 2016, 2015, and 2014:

	Fiscal
(in thousands)	2016		2015		2014
Number of common shares issued	50		83		63
Fair value based upon market price at time of issue	$	551	$	1,049	$	810

Non-employee director stock option activity

The following table reflects non-employee director stock option activity for fiscal 2016, 2015, and 2014:

	Number of shares (in thousands)		Weighted average exercise price		Average remaining contractual life (in years)	Aggregate intrinsic value (in thousands)
Options outstanding as of September 28, 2013	135		$	11.45		$	614
Exercised	(10	)	$	11.20
Forfeited or expired	(70	)	$	12.45
Options outstanding as of September 27, 2014	55		$	10.22		$	225
Exercised	(30	)	$	10.19
Forfeited or expired	(5	)	$	6.48
Options outstanding as of October 3, 2015	20		$	11.20		$	225
Forfeited or expired	(20	)	$	11.00
Options outstanding as of October 1, 2016	—		$	—	—	$	—
Options vested and expected to vest as of October 1, 2016	—		$	—	—	$	—
Options exercisable as of October 1, 2016	—		$	—	—
In the money exercisable options as of October 1, 2016	—					$	—

No non-employee director stock options were granted during fiscal 2016, 2015, and 2014.

Defined benefits pension obligations and pension expenses

The following table reflects the Company's defined benefits pension obligations as of October 1, 2016 and October 3, 2015:

		As of
(in thousands)		October 1, 2016		October 3, 2015
Switzerland pension obligation		$	2,393	$	689
Taiwan pension obligation		925		1,196
	Total pension obligation	$	3,318	$	1,885