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Employee Stock Purchase and Stock Incentive Plans | 12 Months Ended
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Sep. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Employee Stock Purchase and Stock Incentive Plans | Employee Stock Purchase and Stock Incentive Plans Employee Stock Purchase Plans Under the Company's stock purchase plans, eligible employees who elect to participate in these plans are granted the right to purchase shares of the common stock of Jacobs at a discount that is limited to 5% of the per-share market value on the day shares are sold to employees. The following table summarizes the stock issuance activity under the plans for the fiscal years ended September 30, 2022, October 1, 2021 and October 2, 2020:
| For the Years Ended
| September 30, 2022 |  | October 1, 2021 |  | October 2, 2020
Aggregate Purchase Price Paid for Shares Sold (in thousands): | $ | 38,648 |  |  | $ | 32,149 |  |  | $ | 27,813 |
Aggregate Number of Shares Sold: | 302,429 |  |  | 287,587 |  |  | 333,078 |
At September 30, 2022, there rema ins 2,875,448 sh ares reserved for issuance under the Company's stock purchase plans. Stock Incentive Plans We also sponsor the 1999 Stock Incentive Plan, as amended and restated (the "SIP") and the 1999 Outside Director Stock Plan, as amended and restated (the "ODSP"). The 1999 SIP provides for the issuance of incentive stock options, non-qualified stock options, share appreciation rights ("SARs"), restricted stock and restricted stock units to employees. The 1999 ODSP provides for awards of shares of common stock, restricted stock, restricted stock units and grants of non-qualified stock options to our outside (i.e., nonemployee) directors. The following table sets forth certain information about the 1999 Plans:
| 1999 SIP |  | 1999 ODSP |  | Total
Number of shares authorized | 29,850,000 |  |  | 1,100,000 |  |  | 30,950,000 |
Number of remaining shares reserved for issuance at September 30, 2022 | 4,244,964 |  |  | 242,212 |  |  | 4,487,176 |
Number of shares relating to outstanding stock options at September 30, 2022 | 358,224 |  |  | 81,125 |  |  | 439,349 |
Number of shares available for future awards: |  |  |  |  |
At September 30, 2022 | 3,886,740 |  |  | 161,087 |  |  | 4,047,827 |
At October 1, 2021 | 4,166,975 |  |  | 187,554 |  |  | 4,354,529 |
Effective September 28, 2012, all grants of shares under the 1999 SIP are issued on a fungible basis. An award other than an option or SAR is granted on a 1.92-to-1.00 basis (“Fungible”). An award of an option or SAR is granted on a 1-to-1 basis (“Not Fungible”). The following table presents the fair value of shares (of restricted stock and restricted stock units) vested for the years ended September 30, 2022, October 1, 2021 and October 2, 2020 (in thousands):
| For the Years Ended
| September 30, 2022 |  | October 1, 2021 |  | October 2, 2020
Restricted Stock and Restricted Stock Units (service condition) | $ | 23,077 |  |  | $ | 20,374 |  |  | $ | 29,209 |
Restricted Stock Units (service, market, and performance conditions at target) | 22,678 |  |  | 26,495 |  |  | 20,998 |
Total | $ | 45,755 |  |  | $ | 46,869 |  |  | $ | 50,207 |
At September 30, 2022, the amount of compensation cost relating to non-vested awards not yet recognized in the financial statements is approximately $81.9 million. The majority of these unrecognized compensation costs will be recognized by the first quarter of fiscal 2024. The weighted average remaining contractual term of options currently exercisable is 2.2 years. Stock Options The following table summarizes the stock option activity for the years ended September 30, 2022, October 1, 2021 and October 2, 2020:
| Number of Stock Options |  | Weighted Average Exercise Price
Outstanding at September 27, 2019 | 926,606 |  |  | $ | 45.48 |
Exercised | (212,467) |  |  | $ | 44.05 |
Cancelled or expired | (7,650) |  |  | $ | 45.31 |
Outstanding at October 2, 2020 | 706,489 |  |  | $ | 45.91 |
Exercised | (130,030) |  |  | $ | 47.07 |
Cancelled or expired | (2,475) |  |  | $ | 45.18 |
Outstanding at October 1, 2021 | 573,984 |  |  | $ | 45.65 |
Granted (1) | 150,951 |  |  | $ | 12.79 |
Exercised | (284,502) |  |  | $ | 43.56 |
Cancelled or expired | (1,084) |  |  | $ | 21.34 |
Outstanding at September 30, 2022 | 439,349 |  |  | $ | 35.77 |
(1) Included in the September 30, 2022 amounts are options issued related to a recent business combination with strike prices lower than the then-current share price in order to derive a certain value. Cash received from the exercise of stock options, net of tax remitted, during the year ended September 30, 2022 was $12.4 million. Stock options outstanding at September 30, 2022 consisted entirely of non-qualified stock options. The following table presents the total intrinsic value of stock options exercised for the fiscal years ended September 30, 2022, October 1, 2021 and October 2, 2020 (in thousands):
For the Years Ended
September 30, 2022 |  | October 1, 2021 |  | October 2, 2020
$28,149 |  | $9,693 |  | $9,986
The total intrinsic value of stock options exercisable at September 30, 2022 was approximately $25.2 million. The following table presents certain other information regarding our 1999 SIP and 1999 OSDP for the fiscal years ended September 30, 2022, October 1, 2021 and October 2, 2020:
| September 30, 2022 |  | October 1, 2021 |  | October 2, 2020
At fiscal year end: |  |  |  |  |
Range of exercise prices for options exercisable (1) | $5.64–$60.43 |  | $37.03–$60.43 |  | $32.51–$60.43
Number of options exercisable | 367,624 |  |  | 573,984 |  |  | 706,489 |
For the fiscal year: |  |  |  |  |
Range of prices relating to options exercised | $11.27–$60.43 |  | $32.51-$60.43 |  | $37.03-$60.08
(1) Included in the September 30, 2022 amounts are options issued related to a recent business combination with strike prices lower than the then-current share price in order to derive a certain value. The following table presents certain information regarding stock options outstanding and stock options exercisable at September 30, 2022:
| September 30, 2022
| Options Outstanding and Exercisable
Range of Exercise Prices | Number |  | Weighted Average Remaining Contractual Life (years) |  | Weighted Average Price
$32.51 - $37.03 | 149,328 |  |  | 7.60 |  | $ | 12.79 |
$37.43 - $46.09 | 178,009 |  |  | 2.82 |  | $ | 43.01 |
$47.11 - $55.13 | 90,137 |  |  | 0.96 |  | $ | 53.53 |
$60.08 - $80.63 | 21,875 |  |  | 1.42 |  | $ | 60.43 |
| 439,349 |  |  | 3.99 |  | $ | 35.77 |
The 1999 ODSP and the 1999 SIP allow participants to satisfy the exercise price of stock options by tendering shares of Jacobs common stock that have been owned by the participants for at least six months. Shares so tendered are retired and canceled, and are shown as repurchases of common stock in the accompanying Consolidated Statements of Stockholders’ Equity. The weighted average remaining contractual term of options currently exercisable i s 3.1 years. Restricted Stock The following table presents the number of shares of restricted stock and restricted stock units issued as common stock under the 1999 SIP for the years ended September 30, 2022, October 1, 2021 and October 2, 2020:
| For the Years Ended
| September 30, 2022 |  | October 1, 2021 |  | October 2, 2020
Restricted stock | 818 |  |  | — |  |  | — |
Restricted stock units (service condition) | 290,582 |  |  | 380,722 |  |  | 351,670 |
Restricted stock units (service and performance conditions) | 176,470 |  |  | 181,132 |  |  | 202,792 |
The amount of restricted stock units issued for awards with performance conditions in the above table are issued based on performance against the target amount. The number of shares ultimately issued, which could be greater or less than target, will be based on achieving specific performance conditions related to the awards as well as achieving the service condition required for the restricted stock units to vest. The following table presents the number and weighted average grant-date fair value of restricted stock and restricted stock units at September 30, 2022:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Outstanding at October 1, 2021 | 1,444,231 |  |  | $ | 91.23 |
Granted | 623,323 |  |  | $ | 127.35 |
Vested | (602,793) |  |  | $ | 80.95 |
Canceled | (89,332) |  |  | $ | 113.89 |
Outstanding at September 30, 2022 | 1,375,429 |  |  | $ | 110.64 |
The following table presents the number of shares of restricted stock and restricted stock units canceled and withheld for taxes under the 1999 SIP for the years ended September 30, 2022, October 1, 2021 and October 2, 2020:
| For the Years Ended
| September 30, 2022 |  | October 1, 2021 |  | October 2, 2020
Restricted stock | — |  |  | — |  |  | 34,417 |
Restricted stock units (service condition) | 57,366 |  |  | 201,967 |  |  | 183,099 |
Restricted stock units (service and performance conditions) | 31,966 |  |  | 218,520 |  |  | 160,781 |
The amount of unvested restricted stock units canceled for awards with service and performance conditions in the above table is based on the service period achieved and performance against the target amount. The restrictions attached to restricted stock and restricted stock units generally relate to the recipient’s ability to sell or otherwise transfer the stock or stock units. There are also restrictions that subject the stock and stock units to forfeiture back to the Company until earned by the recipient through continued employment or service. The following table provides the number of restricted stock units outstanding at September 30, 2022 under the 1999 SIP.
| September 30, 2022
Restricted stock | 252 |
Restricted stock units (service condition) | 732,945 |
Restricted stock units (service and performance conditions) | 585,099 |
The following table presents the number of shares of restricted stock and restricted stock units issued under the 1999 ODSP for the years ended September 30, 2022, October 1, 2021 and October 2, 2020:
| For the Years Ended
| September 30, 2022 |  | October 1, 2021 |  | October 2, 2020
Restricted stock units (service condition) | 13,785 |  |  | 17,680 |  |  | 18,100 |
No shares of restricted stock were issued under the 1999 ODSP during such periods. The following table provides the number of shares of restricted stock and restricted stock units outstanding at September 30, 2022 under the 1999 ODSP:
| September 30, 2022
Restricted stock | — |
Restricted stock units (service condition) | 57,133 |
All shares granted under the 1999 ODSP are issued on a 1.92-to-1.00 basis.

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