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STOCK-BASED COMPENSATION | 12 Months Ended
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Sep. 28, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Share-based Payment Arrangement [Text Block] | Stock-Based Compensation Stock-based compensation expense was recognized as follows:
| Year Ended
| September 28, 2024 |  | September 30, 2023 |  | October 1, 2022
| (In thousands)
Cost of sales | $ | 17,493 |  |  | $ | 16,763 |  |  | $ | 14,065 |
Selling, general and administrative | 38,867 |  |  | 32,781 |  |  | 25,037 |
Research and development | 1,047 |  |  | 858 |  |  | 506 |
Total | $ | 57,407 |  |  | $ | 50,402 |  |  | $ | 39,608 |
The Company grants restricted stock units (“RSUs”) and restricted stock units with performance conditions (“PSUs”) primarily to executive officers, directors and certain employees. These units vest over periods ranging from one year to four years and/or upon achievement of specified performance criteria, with associated compensation expense recognized ratably over the vesting period. Generally, the Company’s PSUs vest contingent on achievement of cumulative non-GAAP earnings per share measured over three fiscal years. If a minimum threshold is not achieved during the measurement period, the PSUs will be cancelled. If a minimum threshold is achieved or exceeded, the number of shares of common stock that will be issued will range from 70% to 130% of the number of PSUs granted, depending on the extent of performance. Additionally, for certain grants, the number of shares that vest may be adjusted up or down by up to 15% based on the Company's total shareholder return relative to that of its peer group over this same period. Activity with respect to the Company’s RSUs and PSUs was as follows:
| Number of Shares |  | Weighted Average Grant-Date Fair Value ($) |  | Weighted-Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value ($)
| (In thousands) |  |  |  |  |  | (In thousands)
Outstanding as of October 2, 2021 | 2,954 |  |  | 32.21 |  |  | 1.23 |  | 113,591 |
Granted | 1,644 |  |  | 40.54 |  |  |  |  |
Vested/Forfeited/Cancelled | (1,318) |  |  | 30.42 |  |  |  |  |
Outstanding as of October 1, 2022 | 3,280 |  |  | 37.11 |  |  | 1.35 |  | 155,049 |
Granted | 972 |  |  | 59.78 |  |  |  |  |
Vested/Forfeited/Cancelled | (1,371) |  |  | 36.45 |  |  |  |  |
Outstanding as of September 30, 2023 | 2,881 |  |  | 45.07 |  |  | 1.14 |  | 150,547 |
Granted | 1,444 |  |  | 50.81 |  |  |  |  |
Vested/Forfeited/Cancelled | (1,438) |  |  | 40.73 |  |  |  |  |
Outstanding as of September 28, 2024 | 2,887 |  |  | 50.11 |  |  | 1.15 |  | 195,052 |
Expected to vest as of September 28, 2024 | 2,632 |  |  | 49.97 |  |  | 1.10 |  | 177,821 |
The fair value of RSUs that vested during the year was $66 million for 2024, $70 million for 2023 and $44 million for 2022. As of September 28, 2024, unrecognized compensation expense of $76 million is expected to be recognized over a weighted average period of 1.1 years.

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