EMPLOYEE STOCK PLANS (Tables)

9 Months Ended

Jun. 29, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The table below summarizes the effect of recording the share-based compensation expense (which includes the option component of the employee stock purchase plan shares):



	Three Months Ended				Nine Months Ended
(In millions)	June 29, 2018		June 30, 2017		June 29, 2018		June 30, 2017
Cost of revenues	$	0.4	$	0.4	$	1.0	$	0.7
Research and development	0.5		0.4		1.3		1.9
Selling, general and administrative	1.9		1.7		5.2		3.5
Total share-based compensation expense	$	2.8	$	2.5	$	7.5	$	6.1

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes the activity for stock options under Varex’s 2017 Omnibus Stock Plan and 2017 Employee Stock Purchase Plan for the Company’s employees:



	Options Outstanding
(In thousands, except per share amounts and the remaining term)	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Term (in years)	Aggregate Intrinsic Value (1)
Balance at September 29, 2017	1,926		$	29.11
Granted	232		37.12
Canceled, expired or forfeited	(19	)	27.78
Exercised	(134	)	25.86
Balance at June 29, 2018	2,005		$	30.27	4.8	$	13,685

Exercisable at June 29, 2018	991		$	28.31	4.9	$	8,699

(1) The aggregate intrinsic value represents the total pre-tax intrinsic value, which is computed based on the difference between the exercise price and the closing price of Varex common stock of $37.09 as of June 29, 2018, the last trading date of the Company's first quarter, and which represents the amount that would have been received by the option holders had all option holders exercised their options and sold the shares received upon exercise as of that date.

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

The following table summarizes the activity for restricted stock units under Varex’s 2017 Omnibus Stock Plan for the Company’s employees:



(In thousands, except per share amounts)	Number of Shares		Weighted Average Grant-Date Fair Value
Balance at September 29, 2017	525		$	29.76
Granted	343		37.10
Vested	(186	)	29.43
Canceled or expired	(31	)	32.07
Balance at June 29, 2018	651		$	33.58