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Stock-Based Compensation (Tables)

9 Months Ended

Jun. 26, 2021

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation Expense in Consolidated Statements of Operations

The following presents stock-based compensation expense in the Company’s Consolidated Statements of Income:

			Three Months Ended												Nine Months Ended
			June 26, 2021						June 27, 2020						June 26, 2021						June 27, 2020
Cost of revenues			$	1.9					$	1.4					$	6.4					$	5.2
Research and development			1.4						1.7						6.2						6.3
Selling and marketing			2.3						2.3						7.7						7.9
General and administrative			8.9						14.5						29.8						31.9
Restructuring			0.9						—						0.9						2.4
			$	15.4					$	19.9					$	51.0					$	53.7

Weighted-Average Assumptions Utilized to Value Stock Options

The Company uses a binomial model to determine the fair value of its stock options. The weighted-average assumptions utilized to value these stock options are indicated in the following table:

			Three Months Ended												Nine Months Ended
			June 26, 2021						June 27, 2020						June 26, 2021						June 27, 2020
Risk-free interest rate			0.4		%				1.7		%				0.4		%				1.7		%
Expected volatility			35.0		%				33.6		%				35.0		%				33.6		%
Expected life (in years)			4.8						4.8						4.8						4.8
Dividend yield			—						—						—						—
Weighted average fair value of options granted			$	19.17					$	9.90					$	20.07					$	13.79

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Schedule of share-based compensation expense.

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

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