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Share-Based Compensation (Tables)

12 Months Ended

Oct. 02, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

The following table summarizes the Company's restricted stock and RSU activity for the fiscal year presented:

						2021
Restricted Stock Activity						Number of Shares						Weighted-Average Grant Date Fair Value
Balance, beginning of year						171,470						$	18.64
Granted						183,291						18.82
Vested						(68,191)						19.93
Forfeited						(37,725)						18.35
Balance, end of year						248,845						18.50

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes the Company's stock option activity for the fiscal year presented:

						2021
						Number of Options						Weighted Average Exercise Price per Share ($)
Outstanding options, beginning of year						532,298						$	17.62
Granted						331,200						16.84
Exercised (1)						(120,461)						16.08
Expired						(64,308)						17.39
Forfeited						(52,562)						16.42
Outstanding options, end of year (2)						626,167						$	17.93
Fully vested and exercisable options, end of year (3)						267,779						$	17.85

(1) Stock options exercised during the fiscal year had an aggregate intrinsic value totaling $1.1 million.

(2) Stock options outstanding at the end of the fiscal year had $2.1 million intrinsic value.

(3) Fully vested and exercisable options at the end of the fiscal year had $0.9 million intrinsic value.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each option award at grant date was estimated using the Black-Scholes option-pricing model with the following assumptions made and resulting grant-date fair values during the fiscal years presented:

						2021						2020						2019
Expected volatility						41		%				32		%				31		%
Expected dividend yield						0		%				0		%				0		%
Risk-free interest rate						0.49		%				1.61		%				2.75		%
Expected term (in years)						2.7 - 6.0						4.5 - 6.0						4.5 - 5.5
Weighted-average grant-date fair value						$	6.58					$	6.91					$	5.58

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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