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Stock-based Compensation (Tables)
6 Months Ended
Apr. 01, 2023
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 1, 2022

 

 

10,802,882

 

 

$

13.37

 

 

 

4.5

 

 

$

10,956

 

Exercised

 

 

(1,621,326

)

 

 

10.85

 

 

 

 

 

 

 

Forfeited

 

 

(20,943

)

 

 

15.19

 

 

 

 

 

 

 

Outstanding at April 1, 2023

 

 

9,160,613

 

 

$

13.82

 

 

 

4.1

 

 

$

53,162

 

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 1, 2022

 

 

8,308,177

 

 

$

19.25

 

 

$

115,484

 

Granted

 

 

4,852,623

 

 

 

17.54

 

 

 

 

Released

 

 

(2,273,828

)

 

 

16.23

 

 

 

 

Forfeited

 

 

(607,619

)

 

 

18.19

 

 

 

 

Outstanding at April 1, 2023

 

 

10,279,353

 

 

$

19.17

 

 

$

201,681

 

At April 1, 2023

 

 

 

 

 

 

 

 

 

Units expected to vest

 

 

8,746,943

 

 

$

19.06

 

 

$

171,615

 

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 1, 2022

 

 

398,077

 

 

$

26.96

 

 

$

5,533

 

Granted

 

 

249,370

 

 

 

17.54

 

 

 

 

Vested

 

 

(263,158

)

 

 

26.26

 

 

 

 

Forfeited

 

 

(51,292

)

 

 

20.49

 

 

 

 

Outstanding at April 1, 2023

 

 

332,997

 

 

$

21.46

 

 

$

6,533

 

Schedule of stock-based compensation expense

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

 

 

Three Months Ended

 

 

Six Months Ended

 

 

April 1,
2023

 

 

April 2,
2022

 

 

April 1,
2023

 

 

April 2,
2022

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

581

 

 

$

377

 

 

$

1,151

 

 

$

705

 

Research and development

 

 

9,565

 

 

 

8,091

 

 

 

18,716

 

 

 

14,829

 

Sales and marketing

 

 

4,475

 

 

 

4,177

 

 

 

8,588

 

 

 

7,824

 

General and administrative

 

 

6,404

 

 

 

8,580

 

 

 

12,765

 

 

 

15,326

 

Total stock-based compensation expense

 

$

21,025

 

 

$

21,225

 

 

$

41,220

 

 

$

38,684