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Stockholders' Equity and Stock Compensation Plans (Tables)
12 Months Ended
Oct. 01, 2023
Stockholders' Equity Note [Abstract]  
Schedule of the stock-based compensation and related income tax benefits
The following table presents our stock-based compensation and related income tax benefits (in thousands):
 Fiscal Year Ended
 October 1,
2023
October 2,
2022
October 3,
2021
 
Total stock-based compensation$28,607 $26,227 $23,067 
Income tax benefit related to stock-based compensation(5,779)(5,377)(4,910)
Stock-based compensation, net of tax benefit$22,828 $20,850 $18,157 
Schedule of stock option activity
The following table presents our stock option activity for fiscal 2023 year-end:
 Number of
Options
(in thousands)
Weighted-
Average
Exercise Price
per Share
Weighted-
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic Value
(in thousands)
Outstanding on October 2, 2022168 $38.62   
Exercised(20)32.30   
Forfeited— —   
Outstanding on October 1, 2023148 $39.45 3.20$16,708 
Vested or expected to vest on October 1, 2023148 $39.45 3.20$16,708 
Exercisable on October 1, 2023148 $39.45 3.20$16,708 
Schedule of RSU and PSU activity
A summary of the RSU and PSU activity under our stock plans is as follows:
RSUPSU
 Number of
Shares
(in thousands)
Weighted-
Average
Grant Date
Fair Value
per Share
Number of
Shares
(in thousands)
Weighted-
Average
Grant Date
Fair Value
per Share
Nonvested balance at September 27, 2020444 $63.93 355 $64.83 
Granted118 122.02 58 153.03 
Vested(167)59.64 (193)57.40 
Adjustment (1)
— — 99 57.40 
Forfeited(14)77.74 (1)74.05 
Nonvested balance at October 3, 2021381 83.30 318 82.96 
Granted78 184.6142 247.16 
Vested(147)77.47 (176)80.17 
Adjustment (1)
— — 88 80.63 
Forfeited(13)109.01 — — 
Nonvested balance at October 2, 2022299 111.40 272 109.23 
Granted105 156.3356 195.50 
Vested(119)104.05 (138)99.85 
Adjustment (1)
— — 69 99.85 
Forfeited(16)140.01 (9)193.69 
Nonvested balance at October 1, 2023269 $130.58 250 $128.21 
(1) Fiscal 2021 includes a payout adjustment of 99,214 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2018 that vested during fiscal 2021. Fiscal 2022 includes a payout adjustment of 88,198 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2019 that vested during fiscal 2022. Fiscal 2023 includes a payout adjustment of 68,792 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2020 that vested during fiscal 2023.
Summary of shares purchased, weighted-average purchase price, and cash received, for shares purchased under the ESPP
The following table summarizes shares purchased, weighted-average purchase price, and cash received for shares purchased under the ESPP (in thousands, except for purchase price):
 Fiscal Year Ended
 October 1,
2023
October 2,
2022
October 3,
2021
 
Shares purchased98 106 124 
Weighted-average purchase price per share$128.29 $114.17 $86.16 
Cash received from exercise of purchase rights$12,628 $12,129 $10,705 
Schedule of the assumptions used in the Black-Scholes option pricing model in estimating the grant date fair value of each award granted under the ESPP
The grant date fair value of each award granted under the ESPP was estimated using the Black-Scholes option pricing model with the following assumptions:
 Fiscal Year Ended
 October 1,
2023
October 2,
2022
October 3,
2021
Dividend yield0.7%1.0%1.0%
Expected stock price volatility38.0%32.2%47.9%
Risk-free rate of return, annual4.7%0.4%0.1%
Expected life (in years)111