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Stockholders' Equity And Stock-Based Compensation (Tables) | 3 Months Ended
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Dec. 29, 2023
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 stock options, including PSOs, issued under our 2020 Stock Plan:
| Shares | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Life | Aggregate Intrinsic Value (1)
| (in thousands) |  | (in years) | (in thousands)
Options outstanding as of September 29, 2023 | 3,720 |  | $ | 66.13 |  |  |
Grants | 271 |  | 87.49 |  |  |
Exercises | (203) |  | 52.25 |  |  |
Forfeitures and cancellations | (1) |  | 53.72 |  |  |
Options outstanding as of December 29, 2023 | 3,787 |  | 68.45 |  | 5.29 | $ | 70,079 |
Options vested and expected to vest as of December 29, 2023 | 3,625 |  | 68.11 |  | 5.20 | 69,672 |
Options exercisable as of December 29, 2023 | 2,913 |  | $ | 64.43 |  | 4.44 | 65,763 |
(1)Aggregate intrinsic value is based on the closing stock price of our Class A common stock on December 29, 2023 of $86.18 and excludes the impact of options that were not in-the-money.
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award | The following table summarizes information on PSUs granted to our officers that have not vested as of December 29, 2023:
| Aggregate Shares Granted |  | Potential Shares at Vest Date (at 200% of Target) |
December 15, 2021 | 60,301 |  |  | 120,602 |  |
December 15, 2022 | 90,613 |  |  | 181,226 |  |
December 15, 2023 | 77,283 |  |  | 154,566 |  |
Summary Of Restricted Stock Units Issued To Officers, Directors And Employees Under 2005 Stock Incentive Plan | The following table summarizes information about RSUs, including PSUs, issued under our 2020 Stock Plan:
| Shares | Weighted-Average Grant Date Fair Value
| (in thousands) |
Non-vested as of September 29, 2023 | 3,747 |  | $ | 78.62 |
Granted | 1,590 |  | 84.24 |
Vested | (1,120) |  | 78.58 |
Forfeitures | (190) |  | 81.37 |
Non-vested as of December 29, 2023 | 4,027 |  | $ | 80.72 |
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 |  |  |
| December 29, 2023 | December 30, 2022 |  |  |  |
Expected term (in years) | 4.86 | 4.82 |  |  |  |
Risk-free interest rate | 3.9 | % | 3.6 | % |  |  |  |
Expected stock price volatility | 29.4 | % | 29.4 | % |  |  |  |
Dividend yield | 1.4 | % | 1.6 | % |  |  |  |
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 unaudited interim condensed consolidated statements of operations (in thousands): Expense - By Award Type
| Fiscal Quarter Ended |  |
| December 29, 2023 | December 30, 2022 |  |  |  |
Compensation expense |  |  |  |  |  |
Stock options | $ | 2,125 |  | $ | 2,405 |  |  |  |  |
Restricted stock units (1) (2) | 29,016 |  | 27,552 |  |  |  |  |
Employee stock purchase plan | 753 |  | 1,283 |  |  |  |  |
Total stock-based compensation | 31,894 |  | 31,240 |  |  |  |  |
Estimated benefit from income taxes | (4,999) |  | (4,702) |  |  |  |  |
Total stock-based compensation, net of tax | $ | 26,895 |  | $ | 26,538 |  |  |  |  |
(1)Stock-based compensation expense incurred by restricted stock units includes expense from PSUs. (2)Excludes $0.1 million and $0.3 million of capitalized stock-based compensation related to internal-use software in the first quarter of fiscal 2024 and in the first quarter of fiscal 2023, respectively. Expense - By Income Statement Line Item Classification
| Fiscal Quarter Ended |  |
| December 29, 2023 | December 30, 2022 |  |  |  |
Compensation expense |  |  |  |  |
Cost of products and services | $ | 410 |  | $ | 503 |  |  |  |  |
Research and development | 10,106 |  | 10,676 |  |  |  |  |
Sales and marketing | 10,481 |  | 10,727 |  |  |  |  |
General and administrative | 10,897 |  | 9,334 |  |  |  |  |
Total stock-based compensation | 31,894 |  | 31,240 |  |  |  |  |
Estimated benefit from income taxes | (4,999) |  | (4,702) |  |  |  |  |
Total stock-based compensation, net of tax | $ | 26,895 |  | $ | 26,538 |  |  |  |  |
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 December 29, 2023 (in thousands):
Date of Authorization | 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 |
Fiscal 2017: January 2017 | 200,000 |
Fiscal 2018: July 2018 | 350,000 |
Fiscal 2019: July 2019 | 350,000 |
Fiscal 2021: July 2021 | 350,000 |
Fiscal 2022: February 2022 | 250,000 |
Fiscal 2022: August 2022 | 350,000 |
Total | $ | 2,950,000 |
Schedule of Stock Repurchase Activity | The following table provides information regarding share repurchase activity under the program during fiscal 2024:
Quarterly Repurchase Activity | Shares Repurchased | Cost (1) | Average Price Paid Per Share (2)
|  | (in thousands) |
Q1 - Quarter ended December 29, 2023 | 967,789 |  | $ | 80,002 |  | $ | 82.66 |
Total | 967,789 |  | $ | 80,002 |  |
(1)Cost of share repurchases includes the price paid per share, and excludes commission costs. (2)Average price paid per share excludes commission costs.
Dividends Declared | The following table summarizes dividends declared under the program during fiscal 2024:
Fiscal Period | Announcement Date | Record Date | Payment Date | Cash Dividend Per Common Share | Dividend Payment |  |
Q1 - Quarter ended December 29, 2023 | February 1, 2024 | February 13, 2024 | February 22, 2024 | $ | 0.30 |  | $28.8 million | (1) |
(1)The dividend payment amount for the dividend declared in the first quarter of fiscal 2024 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.

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