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SHAREHOLDERS' EQUITY AND EMPLOYEE BENEFIT PLANS (Tables)

3 Months Ended

Dec. 28, 2019

Share-based Payment Arrangement [Abstract]

Company’s matching contributions to the Plan

The following table reflects the Company’s contributions to the Plan during the three months ended December 28, 2019 and December 29, 2018:



	Three months ended
(in thousands)	December 28, 2019		December 29, 2018
Cash	$	357	$	494

Accumulated other comprehensive income reflected on the Consolidated Balance Sheets

The following table reflects accumulated other comprehensive loss reflected on the Consolidated Condensed Balance Sheets as of December 28, 2019 and September 28, 2019:



	As of
(in thousands)	December 28, 2019			September 28, 2019
Loss from foreign currency translation adjustments	$	(5,232	)	$	(7,745	)
Unrecognized actuarial loss on pension plan, net of tax	(1,623		)	(1,598		)
Unrealized gain/(loss) on hedging	208			(597		)
Accumulated other comprehensive loss	$	(6,647	)	$	(9,940	)

Restricted stock and common stock granted

The following table reflects Time-based RSUs, Relative TSR PSUs, Special/Growth PSUs and common stock granted during the three months ended December 28, 2019 and December 29, 2018:



	Three months ended
(shares in thousands)	December 28, 2019	December 29, 2018
Time-based RSUs	475	507
Relative TSR PSUs	157	157
Special/Growth PSUs	73	52
Common stock	9	8
Equity-based compensation in shares	714	724

Equity-based compensation expense

The following table reflects total equity-based compensation expense, which includes Time-based RSUs, Relative TSR PSUs, Special/Growth PSUs and common stock, included in the Consolidated Condensed Statements of Operations during the three months ended December 28, 2019 and December 29, 2018:



	Three months ended
(in thousands)	December 28, 2019		December 29, 2018
Cost of sales	$	232	$	150
Selling, general and administrative	2,735		2,925
Research and development	642		798
Total equity-based compensation expense	$	3,609	$	3,873

The following table reflects equity-based compensation expense, by type of award, for the three months ended December 28, 2019 and December 29, 2018:



	Three months ended
(in thousands)	December 28, 2019		December 29, 2018
Time-based RSUs	$	2,415	$	2,141
Relative TSR PSUs	406		1,375
Special/Growth PSUs	566		162
Common stock	222		195
Total equity-based compensation expense	$	3,609	$	3,873

- Definition

Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

+ References + Details