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Benefit Plans (Tables)
12 Months Ended
Sep. 29, 2018
Compensation Related Costs [Abstract]  
Schedule of Stock Option and SARs Activity
A summary of the Company’s stock option and SAR activity follows:
 
 
Number of Options/SARs (in thousands)
 
Weighted Average Exercise Price
 
Aggregate Intrinsic Value (in thousands)
Outstanding as of October 3, 2015
 
1,917

 
$
33.27

 
 
Granted
 
229

 
39.52

 
 
Canceled
 
(66
)
 
41.48

 
 
Exercised
 
(619
)
 
31.59

 
 
Outstanding as of October 1, 2016
 
1,461

 
$
34.59

 
 
Granted
 
36

 
45.45

 
 
Canceled
 
(4
)
 
30.88

 
 
Exercised
 
(521
)
 
32.29

 
 
Outstanding as of September 30, 2017
 
972

 
$
36.23

 
 
Granted
 

 

 
 
Canceled
 
(4
)
 
31.62

 
 
Exercised
 
(414
)
 
35.01

 
 
Outstanding as of September 29, 2018
 
554

 
$
37.18

 
$
11,811

 
 
Number of Options/SARs (in thousands)
 
Weighted Average Exercise Price
 
Weighted Average Remaining Life (years)
 
Aggregate Intrinsic Value (in thousands)
Exercisable as of:
 
 
 
 
 
 
 
 
October 1, 2016
 
1,125

 
$
33.11

 
 
 
 
September 30, 2017
 
865

 
$
35.62

 
 
 
 
September 29, 2018
 
537

 
$
36.92

 
4.36
 
$
11,587

Schedule of Stock Option and SARs Information
The following table summarizes outstanding stock option and SAR information as of September 29, 2018 (Options/SARs in thousands):
Range of Exercise Prices
 
Number of Options/SARs Outstanding (in thousands)
 
Weighted Average Exercise Price
 
Weighted Average Remaining Life
(years)
 
Number of Options / SARs Exercisable (in thousands)
 
Weighted Average Exercise Price
$14.63 - $31.70
 
143

 
$
26.54

 
2.80
 
143

 
$
26.54

$31.71 - $38.94
 
143

 
$
36.24

 
5.20
 
143

 
$
36.24

$38.95 - $44.40
 
145

 
$
41.85

 
4.81
 
145

 
$
41.85

$44.41 - $45.45
 
123

 
$
45.14

 
5.19
 
106

 
$
45.09

$14.63 - $45.45
 
554

 
$
37.18

 
4.48
 
537

 
$
36.92

Schedule of Estimated Option and SAR Grants Using Black-Scholes Pricing Model
The fair value of each option and SAR grant was estimated at the date of grant using the Black-Scholes option-pricing model based on the assumption ranges below:
 
 
2017
 
2016
Expected life (years)
 
5.70
 
5.70
Risk-free interest rate
 
1.50%
 
1.23 - 1.87%
Expected volatility
 
34%
 
35 - 37%
Dividend yield
 
 
Schedule of PSU and RSU Activity
A summary of the Company’s PSU and RSU activity follows:
 
 
Number of Shares (in thousands)
 
Weighted Average Fair Value at Date of Grant
 
Aggregate Intrinsic Value (in thousands)
Units outstanding as of October 3, 2015
 
796

 
$
38.18

 
 
Granted
 
499

 
39.68

 
 
Canceled
 
(29
)
 
36.84

 
 
Vested
 
(244
)
 
27.77

 
 
Units outstanding as of October 1, 2016
 
1,022

 
$
41.49

 
 
Granted
 
397

 
54.21

 
 
Canceled
 
(22
)
 
41.17

 
 
Vested
 
(329
)
 
43.76

 
 
Units outstanding as of September 30, 2017
 
1,068

 
$
45.97

 
 
Granted
 
331

 
61.88

 
 
Canceled
 
(42
)
 
46.74

 
 
Vested
 
(324
)
 
45.48

 
 
Units outstanding as of September 29, 2018
 
1,033

 
$
51.19

 
$
60,455