XML 18 R41.htm IDEA: XBRL DOCUMENT v3.19.3

Share-Based Employee Compensation (Tables)

12 Months Ended

Sep. 29, 2019

Share-based Payment Arrangement, Noncash Expense [Abstract]

Components of Share-Based Compensation Expense

The components of share-based compensation expense, included within “Selling, general, and administrative expenses” in our consolidated statement of earnings, in each fiscal year are as follows (in thousands):

		2019				2018				2017
Nonvested stock units		$	5,458			$	5,737			$	5,873
Stock options		936				1,790				1,826
Performance share awards		1,417				1,236				2,580
Nonvested restricted stock awards		—				33				88
Non-management directors’ deferred compensation		263				350				270
Total share-based compensation expense		$	8,074			$	9,146			$	10,637

Summary of RSU Activity

The following is a summary of RSU activity for fiscal 2019:

		Shares			Weighted- Average Grant Date Fair Value
RSUs outstanding at September 30, 2018		288,098			$	64.57
Granted		93,686			$	86.08
Released		(55,642	)		$	84.23
Forfeited		(14,297	)		$	94.00
RSUs outstanding at September 29, 2019		311,845			$	66.18

Summary of Stock Option Activity

The following is a summary of stock option activity for fiscal 2019:

		Shares			Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value (in thousands)
Options outstanding at September 30, 2018		287,618			$	87.61
Granted		—			N/A
Exercised		(20,074	)		$	61.28
Forfeited		(303	)		$	90.06
Expired		(683	)		$	104.95
Options outstanding at September 29, 2019		266,558			$	89.54			4.25		$	1,334
Options exercisable at September 29, 2019		176,179			$	87.56			3.80		$	1,307
Options exercisable and expected to vest at September 29, 2019		266,558			$	89.54			4.25		$	1,334

Schedule of Weighted-Average Assumptions

The following table presents the weighted-average assumptions used for stock option grants in each fiscal year, along with the related weighted-average grant date fair value:

		2019		2018		2017
Risk-free interest rate		N/A		2.4%		1.4%
Expected dividends yield		N/A		1.8%		1.5%
Expected stock price volatility		N/A		28.8%		29.0%
Expected life of options (in years)		N/A		3.40		3.50
Weighted-average grant date fair value		N/A		$18.49		$20.92

Summary of PSU Activity

The following is a summary of performance share award activity for fiscal 2019:

		Shares			Weighted- Average Grant Date Fair Value
Performance share awards outstanding at September 30, 2018		52,479			$	83.21
Granted		45,113			$	84.60
Issued		(18,695	)		$	83.56
Forfeited		(687	)		$	91.91
Performance adjustments		(2,720	)		$	97.51
Performance share awards outstanding at September 29, 2019		75,490			$	83.40

Summary of Stock Equivalent Activity

The following is a summary of the stock equivalent activity for fiscal 2019:

		Stock Equivalents			Weighted- Average Grant Date Fair Value
Stock equivalents outstanding at September 30, 2018		94,390			$	36.35
Deferred directors’ compensation		3,277			$	79.95
Dividend equivalents		2,338			$	82.87
Stock equivalents outstanding at September 29, 2019		100,005			$	38.87

X

- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock awards granted to nonemployee directors that were outstanding at the beginning and end of the year, and the number of awards that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationNonemployeeDirectorStockAwardPlanActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ShareBasedCompensationAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration