Stockholders' Equity And Stock-Based Compensation (Tables)

3 Months Ended

Jan. 01, 2016

Stockholders' Equity And Stock-Based Compensation [Abstract]

Summary Of Stock Options Issued To Officers, Directors, And Employees Under 2000 Stock Incentive Plan And 2005 Stock Plan

The following table summarizes information about all stock options issued under our 2005 Stock Plan:



	Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life	Aggregate Intrinsic Value (1)
	(in thousands)				(in years)	(in thousands)
Options outstanding at September 25, 2015	8,835		$	35.85
Grants	2,167		33.15
Exercises	(196	)	28.02
Forfeitures and cancellations	(122	)	40.40
Options outstanding at January 1, 2016	10,684		35.39		7.5	$	16,417
Options vested and expected to vest at January 1, 2016	9,849		35.31		7.4	16,130
Options exercisable at January 1, 2016	5,188		$	33.65	6.1	14,117


(1)	Aggregate intrinsic value is based on the closing price of our common stock on December 31, 2015 of $33.65 and excludes the impact of options that were not in-the-money.

Summary Of Restricted Stock Units Issued To Officers, Directors And Employees Under 2005 Stock Incentive Plan

The following table summarizes information about RSUs issued under our 2005 Stock Plan:



	Shares		Weighted-Average Grant Date Fair Value
	(in thousands)
Non-vested at September 25, 2015	2,830		$	40.73
Granted	1,133		33.19
Vested	(817	)	36.11
Forfeitures	(44	)	39.60
Non-vested at January 1, 2016	3,102		$	39.21

Schedule Of Fair Value Of Stock-Based Awards Estimated Using Weighted-Average Assumptions

The weighted-average assumptions used in the determination of the fair value of our stock options were as follows:



	Fiscal Quarter Ended
	January 1, 2016		December 26, 2014
Expected term (in years)	5.24		4.58
Risk-free interest rate	1.8	%	1.5	%
Expected stock price volatility	29.8	%	29.7	%
Dividend yield	1.4	%	0.9	%

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following two tables separately present stock-based compensation expense both by award type and classification in our consolidated statements of operations (in thousands):

Expense - By Award Type



	Fiscal Quarter Ended
	January 1, 2016			December 26, 2014
Compensation Expense - By Type
Stock options	$	6,366		$	6,283
Restricted stock units	12,076			10,215
Employee stock purchase plan	938			1,344
Total stock-based compensation	19,380			17,842
Benefit from income taxes	(5,706		)	(5,151		)
Total stock-based compensation, net of tax	$	13,674		$	12,691

Expense - By Income Statement Line Item Classification



	Fiscal Quarter Ended
	January 1, 2016			December 26, 2014
Compensation Expense - By Classification
Cost of products	$	280		$	246
Cost of services	129			122
Research and development	5,107			5,274
Sales and marketing	7,710			5,909
General and administrative	6,154			6,291
Total stock-based compensation	19,380			17,842
Benefit from income taxes	(5,706		)	(5,151		)
Total stock-based compensation, net of tax	$	13,674		$	12,691

Schedule of Tax Benefit from Exercise of Options

This benefit was as follows (in thousands):

Schedule of Stock Repurchase Authorizations

The following table summarizes the initial amount of authorized repurchases as well as additional repurchases approved by our Board of Directors as of January 1, 2016 (in thousands):



Authorization Period	Authorization Amount
Fiscal 2010: November 2009	$	250,000
Fiscal 2010: July 2010	300,000
Fiscal 2011: July 2011	250,000
Fiscal 2012: February 2012	100,000
Fiscal 2015: October 2014	200,000
Total	$	1,100,000

Schedule of Stock Repurchase Activity

The following table provides information regarding share repurchase activity under the program during fiscal 2016:



Quarterly Repurchase Activity	Shares Repurchased	Cost (1)		Average Price Paid Per Share (2)
		(in thousands)
Q1 - Quarter ended January 1, 2016	1,140,700	$	39,449	$	34.57
Total	1,140,700	$	39,449


(1)	Cost of share repurchases includes the price paid per share and applicable commissions.


(2)	Average price paid per share excludes commission costs.

Dividends Declared

In October 2014, our Board of Directors initiated a recurring quarterly dividend program for our stockholders. The following table summarizes the dividend payments made under the program during fiscal 2016:



Fiscal Period	Declaration Date	Record Date	Payment Date	Cash Dividend Per Common Share		Dividend Payment
Fiscal 2016
Q1 - Quarter ended January 1, 2016	January 25, 2016	February 8, 2016	February 17, 2016	$	0.12	$12.1 million	(1)


(1)	The amount of the dividend payment is estimated based on the number of shares of our Class A and Class B common stock that we estimate will be outstanding as of the Record Date.

Fiscal Quarter Ended

January 1,
2016

December 26,
2014

Tax benefit - stock option exercises & shares issued under ESPP