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SHAREHOLDERS' EQUITY AND EMPLOYEE BENEFIT PLANS (Tables) | 9 Months Ended
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Jul. 02, 2022
Share-based Payment Arrangement [Abstract] |
Company’s matching contributions to the Plan | The following table reflects the Company’s contributions to the 401(k) Plan during the three and nine months ended July 2, 2022 and July 3, 2021:
| Three months ended |  | Nine months ended
(in thousands) | July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Cash | $ | 419 |  |  | $ | 458 |  |  | $ | 1,423 |  |  | $ | 1,324 |
Accumulated other comprehensive income reflected on the Consolidated Balance Sheets | The following table reflects accumulated other comprehensive loss reflected on the Consolidated Condensed Balance Sheets as of July 2, 2022 and October 2, 2021:
| As of
(in thousands) | July 2, 2022 |  | October 2, 2021
(Loss)/gain from foreign currency translation adjustments | $ | (17,343) |  |  | $ | 682 |
Unrecognized actuarial loss on pension plan, net of tax | (2,985) |  |  | (3,088) |
Unrealized loss on hedging | (991) |  |  | (616) |
Accumulated other comprehensive loss | $ | (21,319) |  |  | $ | (3,022) |
Restricted stock and common stock granted | The following table reflects Time-based RSUs, Relative TSR PSUs, Growth PSUs and common stock granted during the three and nine months ended July 2, 2022 and July 3, 2021:
| Three months ended |  | Nine months ended
(shares in thousands) | July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Time-based RSUs | 1 |  |  | — |  |  | 303 |  |  | 484 |
Relative TSR PSUs | — |  |  | — |  |  | 154 |  |  | 154 |
Growth PSUs | — |  |  | — |  |  | 77 |  |  | 51 |
Common stock | 4 |  |  | 4 |  |  | 12 |  |  | 19 |
Equity-based compensation in shares | 5 |  |  | 4 |  |  | 546 |  |  | 708 |
Equity-based compensation expense | The following table reflects total equity-based compensation expense, which includes Time-based RSUs, Relative TSR PSUs, Growth PSUs and common stock, included in the Consolidated Condensed Statements of Operations during the three and nine months ended July 2, 2022 and July 3, 2021:
| Three months ended |  | Nine months ended
(in thousands) | July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Cost of sales | $ | 193 |  |  | $ | 211 |  |  | $ | 727 |  |  | $ | 626 |
Selling, general and administrative | 3,233 |  |  | 3,008 |  |  | 10,485 |  |  | 8,111 |
Research and development | 1,039 |  |  | 921 |  |  | 3,261 |  |  | 2,767 |
Total equity-based compensation expense | $ | 4,465 |  |  | $ | 4,140 |  |  | $ | 14,473 |  |  | $ | 11,504 |
The following table reflects equity-based compensation expense, by type of award, for the three and nine months ended July 2, 2022 and July 3, 2021:
| Three months ended |  | Nine months ended
(in thousands) | July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Time-based RSUs | $ | 2,845 |  |  | $ | 2,571 |  |  | $ | 8,763 |  |  | $ | 7,772 |
Relative TSR PSUs | 1,073 |  |  | 988 |  |  | 3,060 |  |  | 3,019 |
Growth PSUs | 310 |  |  | 359 |  |  | 1,938 |  |  | 121 |
Common stock | 237 |  |  | 222 |  |  | 712 |  |  | 592 |
Total equity-based compensation expense | $ | 4,465 |  |  | $ | 4,140 |  |  | $ | 14,473 |  |  | $ | 11,504 |

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- Definition Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 30 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6409875&loc=d3e20015-108363 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6409961&loc=d3e20517-108367 + Details
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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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