XML 67 R45.htm IDEA: XBRL DOCUMENT v3.25.3
Stockholders' Equity and Stock Compensation Plans (Tables)
12 Months Ended
Sep. 28, 2025
Stockholders' Equity Note [Abstract]  
Summary 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 28,
2025
September 29,
2024
October 1,
2023
Total stock-based compensation$33,946 $31,155 $28,607 
Income tax benefit related to stock-based compensation(6,826)(6,489)(5,779)
Stock-based compensation, net of tax benefit$27,120 $24,666 $22,828 
Summary of stock option activity
The following table presents our stock option activity for fiscal 2025 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 September 29, 2024332 $8.41   
Exercised(66)5.63   
Outstanding on September 28, 2025266 $8.73 1.6$6,528 
Vested or expected to vest on September 28, 2025266 $8.73 1.6$6,528 
Exercisable on September 28, 2025266 $8.73 1.6$6,528 
Summary 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 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 
Granted490 40.23237 40.44 
Vested(487)31.30 (341)48.13 
Adjustment (1)
— — 165 48.13 
Forfeited(46)34.87 (3)41.31 
Nonvested balance at September 28, 20251,444 $32.21 1,319 $27.30 
(1) 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. Fiscal 2025 includes a payout adjustment of 164,907 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2022 that vested during fiscal 2025.
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 28,
2025
September 29,
2024
October 1,
2023
Shares purchased458 522 492 
Weighted-average purchase price per share$33.39 $28.14 $25.66 
Cash received from exercise of purchase rights$15,307 $14,675 $12,628 
Summary 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 28,
2025
September 29,
2024
October 1,
2023
Dividend yield0.6%0.7%0.7%
Expected stock price volatility29.2%27.1%38.0%
Risk-free rate of return, annual4.1%4.7%4.7%
Expected life (in years)111