Stock-Based Compensation (Tables)

12 Months Ended

Oct. 03, 2020

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation Expense By Type of Award

Stock-based compensation expense recognized in the Consolidated Statements of Income is as follows:

	2020		2019		2018
Stock-based compensation expense by type of award
Employee stock options	$	1,760	$	2,415	$	1,849
Employee stock purchase plan	438		321		283
Restricted stock units and performance restricted stock units	5,018		6,694		5,112
Amounts capitalized as inventory	(2,619)		(2,875)		(1,799)
Amounts recognized in income for amounts previously capitalized as inventory	2,553		2,842		1,838
Total stock-based compensation included in income from operations	7,150		9,397		7,283
Income tax benefit on stock-based compensation	(1,397)		(1,978)		(1,763)
Net stock-based compensation expense included in net income	$	5,753	$	7,419	$	5,520

Assumptions Used to Determine Fair Value of Stock Options Granted

The weighted average assumptions used to determine fair value of stock options granted are as follows:

	2020		2019		2018
Expected life (in years)	4.1		3.7		4.0
Risk-free interest rate	1.6	%	2.8	%	2.6	%
Expected volatility	30.1	%	29.2	%	29.4	%
Dividend yield	2.6	%	2.5	%	2.3	%

Schedule of Stock Options Activity

Stock option activity is as follows:

	2020			2019			2018
	Shares	WAEP1		Shares	WAEP1		Shares	WAEP1
Options outstanding at beginning of year	980	$	55.11	881	$	56.57	766	$	57.86
Granted	278	$	46.14	231	$	48.58	245	$	52.30
Exercised	(1)	$	46.25	(47)	$	48.04	(19)	$	47.26
Forfeited or expired	(402)	$	48.11	(85)	$	56.47	(111)	$	57.64
Options outstanding at end of year	855	$	52.06	980	$	55.11	881	$	56.57
Options eligible for exercise at year end	493	$	55.45	565	$	59.37	443	$	61.61

1    Weighted Average Exercise Price

Schedule of Restricted Stock Grants and Unit Activity

Restricted stock unit and performance restricted stock unit activity are as follows:

	2020			2019			2018
	Shares	WAGDFV2		Shares	WAGDFV2		Shares	WAGDFV2
Outstanding at beginning of year	326	$	47.88	267	$	48.99	223	$	49.95
Granted	219	$	39.80	189	$	47.41	140	$	49.67
Vested and released	(123)	$	47.68	(97)	$	50.12	(75)	$	52.45
Forfeited	(109)	$	46.15	(33)	$	47.44	(21)	$	48.96
Outstanding at end of year	313	$	43.01	326	$	47.88	267	$	48.99

2     Weighted Average Grant Date Fair Value per share