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Stock-Based Compensation (Tables)

6 Months Ended

Mar. 30, 2024

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												Six Months Ended
			March 30, 2024						April 1, 2023						March 30, 2024						April 1, 2023
Cost of revenues			$	3.2					$	2.7					$	5.9					$	5.6
Research and development			3.0						3.1						6.2						6.5
Selling and marketing			3.6						3.0						6.9						6.3
General and administrative			16.0						14.4						35.5						25.3
			$	25.8					$	23.2					$	54.5					$	43.7

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												Six Months Ended
			March 30, 2024						April 1, 2023						March 30, 2024						April 1, 2023
Risk-free interest rate			4.4		%				4.3		%				4.4		%				4.3		%
Expected volatility			33.4		%				33.9		%				33.4		%				33.9		%
Expected life (in years)			4.8						4.8						4.8						4.8
Dividend yield			—						—						—						—
Weighted average fair value of options granted			$	26.27					$	27.42					$	25.04					$	25.92

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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
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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