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Equity-Based Compensation (Tables)

12 Months Ended

Oct. 02, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

The compensation cost for employee and non-employee director equity-based compensation programs for all current and prior year awards granted are as follows:

						2021						2020						2019
Stock appreciation rights						$	2,345					$	2,643					$	2,594
Performance-based restricted stock units						1,151						221						2,048
Time vested restricted stock units						602						—						—
Restricted stock awards						730						680						480
Employee stock purchase plan						2,633						2,117						1,342
Total compensation cost before income taxes						$	7,461					$	5,661					$	6,464
Income tax benefit						$	893					$	677					$	1,024

Schedule Of Range Of Assumptions Used To Value Equity-Based Awards And The Weighted-Average Fair Value Of The Awards Granted

The following table provides the range of assumptions used to value awards and the weighted-average fair value of the awards granted.

						2021						2020						2019
Expected volatility						38% - 41%						27% - 28%						26%
Risk-free rate						0.4% - 0.5%						1.7% - 1.8%						3.0%
Expected dividends						1.4		%				1.2		%				1.2		%
Expected term						5-6 years						5-6 years						5-6 years
Weighted-average fair value of awards granted						$	23.11					$	21.45					$	20.79

Schedule of Stock Appreciation Rights Activity

SARs are as follows:

Stock Appreciation Rights						Number of Awards						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Life						Aggregate Intrinsic Value
Outstanding at October 3, 2020						984,270						$	67.07
Granted in 2021						90,304						73.39
Exercised in 2021						(172,642)						57.51
Expired in 2021						(11,039)						74.39
Forfeited in 2021						(7,470)						81.43
Outstanding at October 2, 2021						883,423						$	69.37					5.0 years						$	9,261
Exercisable at October 2, 2021						674,283						$	66.20					4.0 years						$	8,922

Schedule Of Intrinsic Value Of Awards Exercised And Fair Value Of Awards Vested

The intrinsic value of awards exercised and fair value of awards vested are as follows:

Stock Appreciation Rights						2021						2020						2019
Intrinsic value of SARs exercised						$	3,833					$	2,665					$	10,616
Total fair value of SARs vested						$	2,558					$	2,825					$	2,871

Schedule of Nonvested PSU Activity

PSUs are as follows:

Performance-Based Restricted Stock Units						Number of Awards						Weighted- Average Grant Date Fair Value
Nonvested at October 3, 2020						64,841						$	83.11
Granted in 2021						28,442						73.39
Vested in 2021						(30,467)						80.22
Forfeited in 2021						(3,311)						81.80
Nonvested at October 2, 2021						59,505						$	80.02

Schedule of Nonvested TVA Activity

TVAs are as follows:

Time Vested Restricted Stock Units						Number of Awards						Weighted- Average Grant Date Fair Value
Granted in 2021						26,153						$	79.87
Forfeited in 2021						(314)						79.87
Nonvested at October 2, 2021						25,839						$	79.87

Schedule of Employee Stock Purchase Plan Activity

Shares and the weighted-average price per share associated with the ESPP are as follows:

Employee Stock Purchase Plan						2021						2020						2019
Shares issued						141,647						119,470						79,928
Weighted-average price per share						$	58.52					$	58.71					$	65.91

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year.

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