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Share-Based Employee Compensation (Tables)

12 Months Ended

Sep. 29, 2024

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 statements of earnings, in each fiscal year are as follows (in thousands):

						2024						2023						2022
Nonvested restricted stock units						$	10,128					$	7,598					$	4,544
Stock options						—						4						19
Performance share awards						3,308						3,195						1,835
Nonvested restricted stock awards						—						166						434
Non-management directors’ deferred compensation						35						242						290
Total share-based compensation expense						$	13,471					$	11,205					$	7,122

Summary of RSU Activity

The following is a summary of RSU activity for fiscal 2024:

						Shares						Weighted- Average Grant Date Fair Value
RSUs outstanding at October 1, 2023						328,536						$	70.97
Granted						204,908						$	67.74
Released						(113,773)						$	69.90
Forfeited						(37,933)						$	70.70
RSUs outstanding at September 29, 2024						381,738						$	69.59

Summary of Stock Option Activity

The following is a summary of stock option activity for fiscal 2024:

			Shares						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value (in thousands)
Options outstanding at October 1, 2023			28,950						$	94.92
Expired			(14,939)						$	104.95
Options outstanding at September 29, 2024			14,011						$	84.23					1.12						$	—
Options exercisable at September 29, 2024			14,011						$	84.23					1.12						$	—

Summary of PSU Activity

The following is a summary of performance share award activity for fiscal 2024:

			Shares						Weighted- Average Grant Date Fair Value
Performance share awards outstanding at October 1, 2023			107,174						$	72.51
Granted			62,103						$	70.19
Issued			(29,922)						$	88.88
Forfeited			(4,162)						$	69.26
Performance adjustments			9,974						$	88.88
Performance share awards outstanding at September 29, 2024			145,167						$	70.53

Summary of Stock Equivalent Activity

The following is a summary of the stock equivalent activity for fiscal 2024:

			Stock Equivalents						Weighted- Average Grant Date Fair Value
Stock equivalents outstanding at October 1, 2023			122,981						$	47.16
Deferred directors’ compensation			756						$	69.40
Dividend equivalents			4,490						$	60.33
Stock distribution			(36,342)						$	37.71
Stock equivalents outstanding at September 29, 2024			91,885						$	61.53

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- Definition

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

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