Stockholders' Equity And Stock-Based Compensation (Tables)

6 Months Ended

Apr. 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	2,187		33.21
Exercises	(345	)	29.18
Forfeitures and cancellations	(230	)	40.32
Options outstanding at April 1, 2016	10,447		35.41		7.3	$	83,774
Options vested and expected to vest at April 1, 2016	9,718		35.35		7.2	78,586
Options exercisable at April 1, 2016	5,451		$	33.90	6.0	51,366


(1)	Aggregate intrinsic value is based on the closing price of our common stock on April 1, 2016 of $43.37 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	1,260		33.57
Vested	(953	)	36.45
Forfeitures	(113	)	38.76
Non-vested at April 1, 2016	3,024		$	39.17

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				Fiscal Year-To-Date Ended
	April 1, 2016		March 27, 2015		April 1, 2016		March 27, 2015
Expected term (in years)	5.24		5.21		5.24		4.60
Risk-free interest rate	1.5	%	1.6	%	1.7	%	1.5	%
Expected stock price volatility	30.1	%	29.5	%	29.8	%	29.7	%
Dividend yield	1.4	%	1.0	%	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						Fiscal Year-To-Date Ended
	April 1, 2016			March 27, 2015			April 1, 2016			March 27, 2015
Compensation Expense - By Type
Stock options	$	4,998		$	5,729		$	11,364		$	12,012
Restricted stock units	10,267			10,077			22,343			20,292
Employee stock purchase plan	821			861			1,759			2,205
Total stock-based compensation	16,086			16,667			35,466			34,509
Benefit from income taxes	(4,706		)	(4,890		)	(10,412		)	(10,041		)
Total stock-based compensation, net of tax	$	11,380		$	11,777		$	25,054		$	24,468

Expense - By Income Statement Line Item Classification



	Fiscal Quarter Ended						Fiscal Year-To-Date Ended
	April 1, 2016			March 27, 2015			April 1, 2016			March 27, 2015
Compensation Expense - By Classification
Cost of products	$	219		$	224		$	499		$	470
Cost of services	114			115			243			237
Research and development	4,268			4,938			9,375			10,212
Sales and marketing	6,441			5,576			14,151			11,485
General and administrative	5,044			5,814			11,198			12,105
Total stock-based compensation	16,086			16,667			35,466			34,509
Benefit from income taxes	(4,706		)	(4,890		)	(10,412		)	(10,041		)
Total stock-based compensation, net of tax	$	11,380		$	11,777		$	25,054		$	24,468

Schedule of Tax Benefit from Exercise of Options

This benefit was as follows (in thousands):



	Fiscal Quarter Ended				Fiscal Year-To-Date Ended
	April 1, 2016		March 27, 2015		April 1, 2016		March 27, 2015
Tax benefit - stock option exercises & shares issued under ESPP	$	28	$	19	$	123	$	187

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 April 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
Q2 - Quarter ended April 1, 2016	975,745	37,407		38.32
Total	2,116,445	$	76,856


(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
Q2 - Quarter ended April 1, 2016	April 25, 2016	May 9, 2016	May 18, 2016	$	0.12	$12.0 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.