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Stock-Based Compensation (Tables)
12 Months Ended
Oct. 01, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of stock option activity

The summary of the Company’s stock option activity is as follows:

 

 

 

Number of
Options

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Term

 

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

 

(In years)

 

 

(In thousands)

 

Outstanding at October 2, 2021

 

 

14,545,239

 

 

$

12.86

 

 

 

5.1

 

 

$

282,141

 

Exercised

 

 

(3,570,150

)

 

$

11.32

 

 

 

 

 

 

 

Expired

 

 

(340

)

 

$

2.50

 

 

 

 

 

 

 

Forfeited

 

 

(171,867

)

 

$

12.69

 

 

 

 

 

 

 

Outstanding at October 1, 2022

 

 

10,802,882

 

 

$

13.37

 

 

 

4.5

 

 

$

10,956

 

At October 1, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable

 

 

10,340,382

 

 

$

13.29

 

 

 

4.4

 

 

$

10,886

 

Options vested and expected to vest

 

 

10,794,122

 

 

$

13.37

 

 

 

4.5

 

 

$

10,953

 

Schedule of restricted stock unit activity The summary of the Company’s RSU activity is as follows:

 

 

 

Number of
Units

 

 

Weighted-Average Grant Date Fair Value

 

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

 

(In thousands)

 

Outstanding at October 2, 2021

 

 

9,283,525

 

 

$

12.64

 

 

$

299,487

 

Granted

 

 

4,287,612

 

 

$

27.97

 

 

 

 

Released

 

 

(4,255,643

)

 

$

14.00

 

 

 

 

Forfeited

 

 

(1,007,317

)

 

$

17.65

 

 

 

 

Outstanding at October 1, 2022

 

 

8,308,177

 

 

$

19.25

 

 

$

115,484

 

At October 1, 2022

 

 

 

 

 

 

 

 

 

Units expected to vest

 

 

7,168,277

 

 

$

18.93

 

 

$

99,639

 

Schedule of performance stock units activity The summary of the Company’s PSU activity is as follows:

 

 

 

Number of
Units

 

 

Weighted-Average Grant Date Fair Value

 

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

 

(In thousands)

 

Outstanding at October 2, 2021

 

 

158,521

 

 

$

22.81

 

 

$

5,114

 

Granted

 

 

252,296

 

 

$

29.71

 

 

 

 

Forfeited

 

 

(12,740

)

 

$

29.91

 

 

 

 

Outstanding at October 1, 2022

 

 

398,077

 

 

$

26.96

 

 

$

5,533

 

Schedule of stock-based compensation expense

Total stock-based compensation expense by function category was as follows:

 

 

 

October 1,
2022

 

 

October 2,
2021

 

 

October 3,
2020

 

(In thousands)

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

1,620

 

 

$

988

 

 

$

1,106

 

Research and development

 

 

30,724

 

 

 

25,075

 

 

 

23,439

 

Sales and marketing

 

 

15,335

 

 

 

13,570

 

 

 

14,359

 

General and administrative

 

 

27,961

 

 

 

22,494

 

 

 

18,706

 

Total stock-based compensation expense

 

$

75,640

 

 

$

62,127

 

 

$

57,610