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Stockholders' Equity and Stock Compensation Plans (Tables)
12 Months Ended
Sep. 29, 2024
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
 September 29,
2024
October 1,
2023
October 2,
2022
Total stock-based compensation$31,155 $28,607 $26,227 
Income tax benefit related to stock-based compensation(6,489)(5,779)(5,377)
Stock-based compensation, net of tax benefit$24,666 $22,828 $20,850 
Schedule of stock option activity
The following table presents our stock option activity for fiscal 2024 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 1, 2023742 $7.89   
Exercised(410)7.47   
Outstanding on September 29, 2024332 $8.41 2.44$12,598 
Vested or expected to vest on September 29, 2024332 $8.41 2.44$12,598 
Exercisable on September 29, 2024332 $8.41 2.44$12,598 
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 October 3, 20211,903 $16.66 1,588 $16.59 
Granted389 36.92 209 49.43 
Vested(734)15.49 (880)16.03 
Adjustment (1)
— — 441 16.13 
Forfeited(63)21.80 — — 
Nonvested balance at October 2, 20221,495 22.28 1,358 21.85 
Granted525 31.27281 39.10 
Vested(595)20.81 (689)19.97 
Adjustment (1)
— — 344 19.97 
Forfeited(78)28.00 (45)38.74 
Nonvested balance at October 1, 20231,347 26.12 1,249 25.64 
Granted723 33.14279 41.08 
Vested(508)25.87 (431)30.61 
Adjustment (1)
— — 193 30.61 
Forfeited(75)31.45 (29)40.36 
Nonvested balance at September 29, 20241,487 $29.35 1,261 $27.78 
(1) Fiscal 2022 includes a payout adjustment of 440,990 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 343,960 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2020 that vested during fiscal 2023. Fiscal 2024 includes a payout adjustment of 193,340 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2021 that vested during fiscal 2024.
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
 September 29,
2024
October 1,
2023
October 2,
2022
Shares purchased522 492 531 
Weighted-average purchase price per share$28.14 $25.66 $22.83 
Cash received from exercise of purchase rights$14,675 $12,628 $12,129 
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
 September 29,
2024
October 1,
2023
October 2,
2022
Dividend yield0.7%0.7%1.0%
Expected stock price volatility27.1%38.0%32.2%
Risk-free rate of return, annual4.7%4.7%0.4%
Expected life (in years)111