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Stockholders' Equity and Stock Compensation Plans (Tables) | 12 Months Ended
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Oct. 01, 2023
Stockholders' Equity Note [Abstract] |
Schedule 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
| October 1, 2023 |  | October 2, 2022 |  | October 3, 2021
Total stock-based compensation | $ | 28,607 |  |  | $ | 26,227 |  |  | $ | 23,067 |
Income tax benefit related to stock-based compensation | (5,779) |  |  | (5,377) |  |  | (4,910) |
Stock-based compensation, net of tax benefit | $ | 22,828 |  |  | $ | 20,850 |  |  | $ | 18,157 |
Schedule of stock option activity | The following table presents our stock option activity for fiscal 2023 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 October 2, 2022 | 168 |  |  | $ | 38.62 |  |  |  |  |
Exercised | (20) |  |  | 32.30 |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Outstanding on October 1, 2023 | 148 |  |  | $ | 39.45 |  |  | 3.20 |  | $ | 16,708 |
Vested or expected to vest on October 1, 2023 | 148 |  |  | $ | 39.45 |  |  | 3.20 |  | $ | 16,708 |
Exercisable on October 1, 2023 | 148 |  |  | $ | 39.45 |  |  | 3.20 |  | $ | 16,708 |
Schedule of RSU and PSU activity | A summary of the RSU and PSU activity under our stock plans is as follows:
| RSU |  | PSU
| 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 September 27, 2020 | 444 |  |  | $ | 63.93 |  |  | 355 |  |  | $ | 64.83 |
Granted | 118 |  |  | 122.02 |  |  | 58 |  |  | 153.03 |
Vested | (167) |  |  | 59.64 |  |  | (193) |  |  | 57.40 |
Adjustment (1) | — |  |  | — |  |  | 99 |  |  | 57.40 |
Forfeited | (14) |  |  | 77.74 |  |  | (1) |  |  | 74.05 |
Nonvested balance at October 3, 2021 | 381 |  |  | 83.30 |  |  | 318 |  |  | 82.96 |
Granted | 78 |  |  | 184.61 |  | 42 |  |  | 247.16 |
Vested | (147) |  |  | 77.47 |  |  | (176) |  |  | 80.17 |
Adjustment (1) | — |  |  | — |  |  | 88 |  |  | 80.63 |
Forfeited | (13) |  |  | 109.01 |  |  | — |  |  | — |
Nonvested balance at October 2, 2022 | 299 |  |  | 111.40 |  |  | 272 |  |  | 109.23 |
Granted | 105 |  |  | 156.33 |  | 56 |  |  | 195.50 |
Vested | (119) |  |  | 104.05 |  |  | (138) |  |  | 99.85 |
Adjustment (1) | — |  |  | — |  |  | 69 |  |  | 99.85 |
Forfeited | (16) |  |  | 140.01 |  |  | (9) |  |  | 193.69 |
Nonvested balance at October 1, 2023 | 269 |  |  | $ | 130.58 |  |  | 250 |  |  | $ | 128.21 |
(1) Fiscal 2021 includes a payout adjustment of 99,214 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2018 that vested during fiscal 2021. Fiscal 2022 includes a payout adjustment of 88,198 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2019 that vested during fiscal 2022. Fiscal 2023 includes a payout adjustment of 68,792 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2020 that vested during fiscal 2023.
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
| October 1, 2023 |  | October 2, 2022 |  | October 3, 2021
Shares purchased | 98 |  |  | 106 |  |  | 124 |
Weighted-average purchase price per share | $ | 128.29 |  |  | $ | 114.17 |  |  | $ | 86.16 |
Cash received from exercise of purchase rights | $ | 12,628 |  |  | $ | 12,129 |  |  | $ | 10,705 |
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 | 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
| October 1, 2023 |  | October 2, 2022 |  | October 3, 2021
Dividend yield | 0.7% |  | 1.0% |  | 1.0%
Expected stock price volatility | 38.0% |  | 32.2% |  | 47.9%
Risk-free rate of return, annual | 4.7% |  | 0.4% |  | 0.1%
Expected life (in years) | 1 |  | 1 |  | 1

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