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SHAREHOLDERS' EQUITY AND EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Sep. 28, 2024

Share-Based Payment Arrangement [Abstract]

Accumulated other comprehensive income reflected on the Consolidated Balance Sheets

Changes in accumulated other comprehensive income (loss) by component for the year ended September 28, 2024:

(in thousands)						Cumulative Foreign Currency Translation Adjustment						Pension Plan Adjustments						Gain (Losses) on Derivative Instruments						Total
As of September 30, 2023						$	(20,178)					$	(861)					$	(723)					$	(21,762)
Other comprehensive income (loss) before reclassifications						7,263						(968)						1,799						8,094
Amount reclassified out of accumulated other comprehensive income (loss)						—						—						445						445
Tax effects						(346)						147						—						(199)
Accumulated other comprehensive income (loss)						6,917						(821)						2,244						8,340
As of September 28, 2024						$	(13,261)					$	(1,682)					$	1,521					$	(13,422)

Equity-based compensation expense

The following table reflects the total equity-based compensation expense, which includes Relative TSR PSUs, Time-based RSUs, Growth PSUs, and common stock, included in the Consolidated Statements of Operations for fiscal 2024, 2023 and 2022: 

						Fiscal
(in thousands)						2024						2023						2022
Cost of sales						$	1,277					$	1,192					$	960
Selling, general and administrative						18,524						16,239						13,911
Research and development						7,090						5,313						4,115
Total equity-based compensation expense						$	26,891					$	22,744					$	18,986

The following table reflects the equity-based compensation expense, by type of award, for fiscal 2024, 2023 and 2022:

						Fiscal
(in thousands)						2024						2023						2022
Relative TSR PSUs						5,856						4,949						4,255
Time-based RSUs						17,683						14,304						11,655
Growth PSUs						2,093						2,491						2,127
Common stock						1,259						1,000						949
Total equity-based compensation expense						$	26,891					$	22,744					$	18,986

Employee market-based restricted stock activity

The following table reflects the Relative TSR PSUs activity for fiscal 2024:

			Number of shares (in thousands)																		Weighted average grant date fair value per share
Outstanding as of September 30, 2023			367																		$	41.09
Granted			232																		$	36.88
Forfeited or expired			(17)																		$	45.08
Vested			(246)																		$	28.08
Outstanding as of September 28, 2024			336																		$	44.91

						Fiscal
(in thousands, except fair value per share)						2024						2023						2022
Relative TSR PSUs granted						232						187						152
Weighted-average grant-date fair value per share						$	36.88					$	48.35					$	52.18

Schedule of assumptions used to calculate compensation expense

The following table reflects the assumptions used to calculate compensation expense related to the Company’s Relative TSR PSUs issued during fiscal 2024, 2023 and 2022:

			Fiscal
			2024						2023						2022
Grant price			$	47.44					$	37.50					$	49.20
Expected dividend yield			1.60		%				1.81		%				1.14		%
Expected stock price volatility			47.27		%				53.79		%				48.50		%
Risk-free interest rate			4.53		%				4.42		%				0.68		%

Employee time-based restricted stock activity

The following table reflects the Time-based RSUs activity for fiscal 2024:

			Number of shares (in thousands)																		Weighted average grant date fair value per share
Outstanding as of September 30, 2023			832																		$	37.95
Granted			512																		$	47.42
Forfeited or expired			(49)																		$	43.88
Vested			(407)																		$	35.55
Outstanding as of September 28, 2024			888																		$	44.18

						Fiscal
(in thousands, except fair value per share)						2024						2023						2022
Time-based RSUs granted						512						513						301
Weighted-average grant-date fair value per share						$	47.42					$	37.64					$	49.47

Schedule of special/growth based restricted stock activity

The following table reflects the Growth PSUs activity for fiscal 2024:

			Number of shares (in thousands)																		Weighted average grant date fair value per share
Outstanding as of September 30, 2023			122																		$	34.85
Granted			49																		$	23.51
Forfeited or expired			(3)																		$	42.48
Vested			(99)																		$	23.94
Outstanding as of September 28, 2024			69																		$	42.21

						Fiscal
(in thousands, except fair value per share)						2024						2023						2022
Growth PSUs granted						49						91						79
Weighted-average grant-date fair value per share						$	23.51					$	37.55					$	49.26

Common stock issued to non-employee directors

The following table reflects shares of common stock issued to non-employee directors and the corresponding fair value for fiscal 2024, 2023 and 2022:

			Fiscal
(in thousands)			2024						2023						2022
Number of common stock issued			25						21						18
Fair value based upon market price at time of issue			$	1,259					$	1,000					$	949

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