Employee Benefit Plans, Pensions, and Other Retiree Benefits

12 Months Ended

Sep. 27, 2013

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLAN, PENSIONS AND OTHER RETIREE BENEFITS

EMPLOYEE BENEFIT PLAN, PENSIONS AND OTHER RETIREE BENEFITS

The Company maintains a 401(k) plan covering substantially all of its employees based in the United States under which all employees at least twenty-one years old are eligible to receive discretionary Company contributions. Discretionary Company contributions are determined by the Board of Directors and may be in the form of cash or the Company’s stock. The Company has generally contributed a match of up to 4% of an employee’s contributed annual eligible compensation. For the fiscal years ended September 27, 2013, September 28, 2012, and September 30, 2011, the Company contributed shares of 0.3 million, 0.3 million, and 0.2 million, respectively, and recognized expense of $6.2 million, $6.0 million, and $5.5 million, respectively.

Pre-Merger Defined Benefit Pension:

The Company maintains a pre-merger pension benefit plan that was inherited as part of the 2002 merger that created Skyworks covering certain former employees. Since the plan was inherited, no new participants have been added. The liability and related plan assets have been reported in the Company’s Consolidated Balance Sheets as follows (in millions):

	Fiscal Years Ended
	September 27, 2013		September 28, 2012
Benefit obligation at end of fiscal year	$	3.2	$	3.6
Fair value of plan assets at end of fiscal year	3.6		3.1
Funded status	$	0.4	$	(0.5	)

The Company incurred net periodic benefit costs of $0.1 million and $0.1 million for pension benefits during the fiscal years ended September 27, 2013, and September 28, 2012, respectively.