XML 68 R32.htm IDEA: XBRL DOCUMENT v3.24.3
Stock-Based Compensation (Tables)
12 Months Ended
Sep. 28, 2024
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 PriceWeighted-Average Remaining Contractual
Term
Aggregate Intrinsic Value
(In years)(In thousands)
Outstanding at September 30, 20238,549,957$13.99 3.6$1,689 
Exercised(1,346,552)$12.67 
Forfeited / expired
(121,016)$14.24 
Outstanding at September 28, 20247,082,389$14.24 2.8$210 
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 ValueAggregate Intrinsic Value
(In thousands)
Outstanding at September 30, 20237,662,035$19.42 $98,917 
Granted9,437,212$11.89 
Released(4,720,562)$16.33 
Forfeited(1,615,587)$15.34 
Outstanding at September 28, 202410,763,098$14.79 $130,772 
At September 28, 2024
Units expected to vest9,215,498$14.86 $111,968 
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 ValueAggregate Intrinsic Value
(In thousands)
Outstanding at September 30, 2023265,191$21.27 $3,424 
Granted499,716$17.64 
Released(80,827)$23.35 
Outstanding at September 28, 2024684,080$18.37 $8,312 
Schedule of Stock-based Compensation Expense
Total stock-based compensation expense by function category was as follows:
September 28,
2024
September 30,
2023
October 1,
2022
(In thousands)
Cost of revenue$2,614 $2,038 $1,620 
Research and development37,913 35,530 30,724 
Sales and marketing17,499 15,677 15,335 
General and administrative26,268 23,612 27,961 
Total stock-based compensation expense$84,294 $76,857 $75,640