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Stockholders' Equity and Stock Compensation Plans (Tables)
12 Months Ended
Sep. 27, 2015
Stockholders' Equity and Stock Compensation Plans  
Schedule of the stock-based compensation and related income tax benefits

                                                                                                                                                                                    

 

 

Fiscal Year Ended

 

 

 

September 27,
2015

 

September 28,
2014

 

September 29,
2013

 

 

 

(in thousands)

 

Total stock-based compensation

 

$

10,926

 

$

10,374

 

$

8,775

 

Income tax benefit related to stock-based compensation

 

 

(3,811

)

 

(3,696

)

 

(3,048

)

 

 

 

 

 

 

 

 

Stock-based compensation, net of tax benefit

 

$

7,115

 

$

6,678

 

$

5,727

 

 

 

 

 

 

 

 

 

 

Schedule of stock option activity

                                                                                                                                                                                   

 

 

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 28, 2014

 

 

3,383

 

$

23.14

 

 

 

 

 

 

 

Granted

 

 

266

 

 

27.26

 

 

 

 

 

 

 

Exercised

 

 

(501

)

 

26.12

 

 

 

 

 

 

 

Forfeited

 

 

(163

)

 

24.41

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 27, 2015

 

 

2,985

 

$

23.71

 

 

3.64

 

$

5,656

 

 

 

 

 

 

 

 

 

 

 

Vested or expected to vest at September 27, 2015

 

 

2,920

 

$

23.71

 

 

3.58

 

$

5,565

 

 

 

 

 

 

 

 

 

 

 

Exercisable on September 27, 2015

 

 

2,336

 

$

22.93

 

 

2.91

 

$

5,371

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of assumptions used in the calculation of the fair value of stock options using the Black-Scholes option pricing model

                                                                                                                                                                                    

 

 

Fiscal Year Ended

 

 

 

September 27,
2015

 

September 28,
2014

 

September 29,
2013

 

Dividend yield

 

 

1.0%

 

 

 

 

 

Expected stock price volatility

 

 

36.2% - 38.8%

 

 

36.1% - 38.8%

 

 

41.7% - 42.2%

 

Risk-free rate of return, annual

 

 

1.5% - 1.7%

 

 

1.3% - 1.5%

 

 

0.6% - 1.3%

 

 

Schedule of restricted stock activity

                                                                                                                                                                                    

 

 

Number of
Shares
(in thousands)

 

Weighted-
Average Grant
Date Fair
Value

 

 

 

    

 

Nonvested balance at September 28, 2014

 

 

223

 

$

26.26

 

Granted

 

 

 

 

 

Vested

 

 

(55

)

 

28.58

 

Forfeited

 

 

(64

)

 

22.87

 

 

 

 

 

 

 

 


Nonvested balance at September 27, 2015


 


 

104


 


$

27.15


 

 

 

 

 

 

 


Vested or expected to vest at September 27, 2015


 


 

104


 


$

27.15


 

 

 

 

 

 

 

 

Schedule of RSU activity

                                                                                                                                                                                    

 

 

Number of
Shares
(in thousands)

 

Weighted-
Average Grant
Date Fair
Value

 

 

 

    

 

Nonvested balance at September 28, 2014

 

 

432

 

$

26.09

 

Granted

 

 

235

 

 

27.21

 

Vested

 

 

(141

)

 

25.64

 

Forfeited

 

 

(43

)

 

26.33

 

 

 

 

 

 

 


Nonvested balance at September 27, 2015


 


 

483


 


$

26.75


 

 

 

 

 

 

 

 

Summary of shares purchased, weighted-average purchase price, cash received, and the aggregate intrinsic value for shares purchased under the ESPP

                                                                                                                                                                                   

 

 

Fiscal Year Ended

 

 

 

September 27,
2015

 

September 28,
2014

 

September 29,
2013

 

 

 

(in thousands, except for purchase price)

 

Shares purchased

 

 

243 

 

 

245 

 

 

253 

 

Weighted-average purchase price

 

$

21.44 

 

$

22.99 

 

$

21.96 

 

Cash received from exercise of purchase rights

 

$

5,204 

 

$

5,604 

 

$

5,551 

 

Aggregate intrinsic value

 

$

1,277 

 

$

1,221 

 

$

1,140 

 

 

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

                                                                                                                                                                                    

 

 

Fiscal Year Ended

 

 

 

September 27,
2015

 

September 28,
2014

 

September 29,
2013

 

Dividend yield

 

 

1.1 

%

 

 

 

 

Expected stock price volatility

 

 

23.7 

%

 

29.2 

%

 

27.1 

%

Risk-free rate of return, annual

 

 

0.2 

%

 

0.1 

%

 

0.1 

%

Expected life (in years)