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Stockholders' Equity and Stock Compensation Plans (Tables) | 12 Months Ended
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Sep. 28, 2025
Stockholders' Equity Note [Abstract] |
Summary 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
| September 28, 2025 |  | September 29, 2024 |  | October 1, 2023
Total stock-based compensation | $ | 33,946 |  |  | $ | 31,155 |  |  | $ | 28,607 |
Income tax benefit related to stock-based compensation | (6,826) |  |  | (6,489) |  |  | (5,779) |
Stock-based compensation, net of tax benefit | $ | 27,120 |  |  | $ | 24,666 |  |  | $ | 22,828 |
Summary of stock option activity | The following table presents our stock option activity for fiscal 2025 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 September 29, 2024 | 332 |  |  | $ | 8.41 |  |  |  |  |
Exercised | (66) |  |  | 5.63 |  |  |  |  |
Outstanding on September 28, 2025 | 266 |  |  | $ | 8.73 |  |  | 1.6 |  | $ | 6,528 |
Vested or expected to vest on September 28, 2025 | 266 |  |  | $ | 8.73 |  |  | 1.6 |  | $ | 6,528 |
Exercisable on September 28, 2025 | 266 |  |  | $ | 8.73 |  |  | 1.6 |  | $ | 6,528 |
Summary 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 October 2, 2022 | 1,495 |  |  | $ | 22.28 |  |  | 1,358 |  |  | $ | 21.85 |
Granted | 525 |  |  | 31.27 |  | 281 |  |  | 39.10 |
Vested | (595) |  |  | 20.81 |  |  | (689) |  |  | 19.97 |
Adjustment (1) | — |  |  | — |  |  | 344 |  |  | 19.97 |
Forfeited | (78) |  |  | 28.00 |  |  | (45) |  |  | 38.74 |
Nonvested balance at October 1, 2023 | 1,347 |  |  | 26.12 |  |  | 1,249 |  |  | 25.64 |
Granted | 723 |  |  | 33.14 |  | 279 |  |  | 41.08 |
Vested | (508) |  |  | 25.87 |  |  | (431) |  |  | 30.61 |
Adjustment (1) | — |  |  | — |  |  | 193 |  |  | 30.61 |
Forfeited | (75) |  |  | 31.45 |  |  | (29) |  |  | 40.36 |
Nonvested balance at September 29, 2024 | 1,487 |  |  | 29.35 |  |  | 1,261 |  |  | 27.78 |
Granted | 490 |  |  | 40.23 |  | 237 |  |  | 40.44 |
Vested | (487) |  |  | 31.30 |  |  | (341) |  |  | 48.13 |
Adjustment (1) | — |  |  | — |  |  | 165 |  |  | 48.13 |
Forfeited | (46) |  |  | 34.87 |  |  | (3) |  |  | 41.31 |
Nonvested balance at September 28, 2025 | 1,444 |  |  | $ | 32.21 |  |  | 1,319 |  |  | $ | 27.30 |
(1) Fiscal 2023 includes a payout adjustment of 343,960 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2020 that vested during fiscal 2023. Fiscal 2024 includes a payout adjustment of 193,340 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2021 that vested during fiscal 2024. Fiscal 2025 includes a payout adjustment of 164,907 PSUs due to the actual performance level achieved for PSUs granted in fiscal 2022 that vested during fiscal 2025.
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
| September 28, 2025 |  | September 29, 2024 |  | October 1, 2023
Shares purchased | 458 |  |  | 522 |  |  | 492 |
Weighted-average purchase price per share | $ | 33.39 |  |  | $ | 28.14 |  |  | $ | 25.66 |
Cash received from exercise of purchase rights | $ | 15,307 |  |  | $ | 14,675 |  |  | $ | 12,628 |
Summary 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
| September 28, 2025 |  | September 29, 2024 |  | October 1, 2023
Dividend yield | 0.6% |  | 0.7% |  | 0.7%
Expected stock price volatility | 29.2% |  | 27.1% |  | 38.0%
Risk-free rate of return, annual | 4.1% |  | 4.7% |  | 4.7%
Expected life (in years) | 1 |  | 1 |  | 1

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