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Stockholders' Equity And Stock-Based Compensation (Tables)
12 Months Ended
Sep. 26, 2025
Stockholders' Equity And Stock-Based Compensation [Abstract]  
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 September 26, 2025:
Aggregate Shares GrantedPotential Shares at Vest Date (at 200% of Target)
December 15, 202290,613 181,226 
December 15, 202377,283 154,566 
December 16, 202492,971 185,942 
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:
SharesWeighted-Average
Grant Date Fair Value 
 (in thousands)
Non-vested as of September 27, 20243,846 $80.33 
Granted1,937 74.56 
Vested(1,373)82.14 
Forfeitures(280)79.60 
Non-vested as of September 26, 20254,130 $77.07 
Schedule of Share-Based Payment Fair Value by Vesting Date
The fair value of vested RSUs (measured as of the vesting date) was as follows (in thousands):
 Fiscal Year Ended
September 26, 2025
September 27, 2024
September 29, 2023
Restricted stock units - vest date fair value$108,069 $113,909 $92,843 
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 Year Ended
September 26,
2025
September 27,
2024
September 29,
2023
Expected term (in years)4.894.864.82
Risk-free interest rate4.3 %3.9 %3.6 %
Expected stock price volatility29.5 %29.3 %29.4 %
Dividend yield1.7 %1.4 %1.6 %
Summary Of Weighted-Average Fair Value Of Stock Options Granted And Total Intrinsic Value Of Stock Options Exercised
The weighted-average assumptions used in the determination of the fair value of our stock options were as follows:
 Fiscal Year Ended
September 26,
2025
September 27,
2024
September 29,
2023
Expected term (in years)4.894.864.82
Risk-free interest rate4.3 %3.9 %3.6 %
Expected stock price volatility29.5 %29.3 %29.4 %
Dividend yield1.7 %1.4 %1.6 %
 Fiscal Year Ended
September 26,
2025
September 27,
2024
September 29,
2023
Stock options granted - weighted-average grant date fair value$21.61 $24.12 $19.15 
Stock options exercised - intrinsic value13,129 14,224 22,736 
Schedule Of Stock-Based Compensation Expense By Plan
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 Year Ended
September 26,
2025
September 27,
2024
September 29,
2023
Compensation expense
Stock options$6,841 $6,726 $8,486 
Restricted stock units (1) (2)
117,803 109,031 105,915 
Employee stock purchase plan3,870 4,068 4,085 
Total stock-based compensation128,514 119,825 118,486 
Estimated benefit from income taxes(19,847)(17,290)(17,844)
Total stock-based compensation, net of tax$108,667 $102,535 $100,642 
(1)Stock-based compensation expense incurred by restricted stock units includes expense from PSUs.
(2)Excludes $0.3 million, $0.6 million and $1.2 million of capitalized stock-based compensation related to internal-use software in fiscal 2025, fiscal 2024, and fiscal 2023, respectively.
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Expense - By Income Statement Line Item Classification
 Fiscal Year Ended
September 26,
2025
September 27,
2024
September 29,
2023
Compensation expense
Cost of products and services$1,747 $1,501 $1,697 
Research and development38,500 38,214 39,472 
Sales and marketing44,480 40,128 40,038 
General and administrative43,787 39,982 37,279 
Total stock-based compensation128,514 119,825 118,486 
Estimated benefit from income taxes(19,847)(17,290)(17,844)
Total stock-based compensation, net of tax$108,667 $102,535 $100,642 
Schedule of Tax Benefit from Exercise of Options
Expense - By Income Statement Line Item Classification
 Fiscal Year Ended
September 26,
2025
September 27,
2024
September 29,
2023
Compensation expense
Cost of products and services$1,747 $1,501 $1,697 
Research and development38,500 38,214 39,472 
Sales and marketing44,480 40,128 40,038 
General and administrative43,787 39,982 37,279 
Total stock-based compensation128,514 119,825 118,486 
Estimated benefit from income taxes(19,847)(17,290)(17,844)
Total stock-based compensation, net of tax$108,667 $102,535 $100,642 
The tax benefit that we recognize from shares issued under our ESPP is excluded from the tables above. The tax benefit recognized was not material in fiscal 2025, fiscal 2024, and fiscal 2023.
Schedule of Treasury Stock Authorizations The following table summarizes the initial amount of authorized repurchases as well as additional repurchases approved by our Board of Directors as of September 26, 2025 (in thousands):
Date of AuthorizationAuthorization Amount
Fiscal 2010: November 2009$250,000 
Fiscal 2010: July 2010300,000 
Fiscal 2011: July 2011250,000 
Fiscal 2012: February 2012100,000 
Fiscal 2015: October 2014200,000 
Fiscal 2017: January 2017200,000 
Fiscal 2018: July 2018350,000 
Fiscal 2019: July 2019350,000 
Fiscal 2021: July 2021350,000 
Fiscal 2022: February 2022250,000 
Fiscal 2022: August 2022350,000 
Fiscal 2024: August 2024350,000 
Total$3,300,000 
Schedule of Stock Repurchase Activity
The following table provides information regarding share repurchase activity under the program during fiscal 2025:
Quarterly Repurchase ActivityShares
Repurchased
Cost (1)
Average Price Paid Per Share (2)
(in thousands)
Q1 - Quarter ended December 27, 2024186,322 $15,000 $80.51 
Q2 - Quarter ended March 28, 2025428,565 34,999 81.67 
Q3 - Quarter ended June 27, 2025526,033 39,991 76.02 
Q4 - Quarter ended September 26, 2025479,361 35,002 73.01 
Total1,620,281 $124,992 
(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 2025:
Fiscal PeriodAnnouncement DateRecord DatePayment DateCash Dividend Per Common ShareDividend Payment
Q1 - Quarter ended December 27, 2024November 19, 2024December 3, 2024December 10, 2024$0.33 $31.5 million
Q2 - Quarter ended March 28, 2025January 29, 2025February 11, 2025February 19, 2025$0.33 $31.8 million
Q3 - Quarter ended June 27, 2025May 1, 2025May 13, 2025May 21, 2025$0.33 $31.6 million
Q4 - Quarter ended September 26, 2025July 31, 2025August 12, 2025August 20, 2025$0.33 $31.6 million