Stock-based Compensation (Tables)

3 Months Ended

Jan. 02, 2021

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 3, 2020	28,422,940	$	12.03	5.6	$	99,053
Granted	—	—
Exercised	(6,173,671)	11.26
Forfeited	(311,443)	14.16
Outstanding at January 2, 2021	21,937,826	$	12.21	5.5	$	245,191
At January 2, 2021
Options exercisable	18,512,188	$	11.78	5.1	$	214,871
Options vested and expected to vest	21,533,731	$	12.17	5.5	$	241,587

Schedule of restricted stock unit activity

The summary of the Company’s unvested RSU activity is as follows:

	Number of Units	Weighted-Average Grant Date Fair Value		Aggregate Intrinsic Value
				(In thousands)
Unvested at October 3, 2020	11,647,951	$	10.50	$	180,543
Granted	2,501,828
Vested	(901,667)
Forfeited	(251,801)
Unvested at January 2, 2021	12,996,311	$	11.64	$	303,984

Schedule of performance stock units activity

The summary of the Company’s unvested PSU activity is as follows:

	Number of Units	Weighted-Average Grant Date Fair Value		Aggregate Intrinsic Value
				(In thousands)
Unvested at October 3, 2020	—	$	—	$	—
Granted	158,521
Vested	—
Forfeited	—
Unvested at January 2, 2021	158,521	$	22.81	$	3,708

Schedule of stock-based compensation expense

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

	Three Months Ended
	January 2, 2021		December 28, 2019
(In thousands)
Cost of revenue	$	214	$	282
Research and development	6,258		5,116
Sales and marketing	3,408		3,541
General and administrative	4,964		4,265
Total stock-based compensation expense	$	14,844	$	13,204