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Stock-Based Compensation (Tables)
12 Months Ended
Sep. 27, 2014
Stock-Based Compensation [Abstract]  
Stock-Based Compensation Expense By Type Of Award

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

2013

 

 

2012

 

 

 

 

 

 

 

 

 

Stock-based compensation expense by type of award:

 

 

 

 

 

 

 

 

   Employee stock options

$

2,769 

 

$

1,811 

 

$

1,599 

   Employee stock purchase plan (ESPP)

 

212 

 

 

199 

 

 

184 

   Restricted stock and restricted stock units

 

3,073 

 

 

1,653 

 

 

1,650 

Amounts capitalized as inventory

 

(1,608)

 

 

(806)

 

 

(742)

Amounts recognized in income for amounts previously

 

 

 

 

 

 

 

 

capitalized as inventory

 

1,315 

 

 

879 

 

 

681 

 

 

 

 

 

 

 

 

 

Total stock-based compensation included in income

 

 

 

 

 

 

 

 

   from operations

 

5,761 

 

 

3,736 

 

 

3,372 

Income tax benefit on stock-based compensation

 

(1,999)

 

 

(1,277)

 

 

(1,161)

Net compensation expense included in net income

$

3,762 

 

$

2,459 

 

$

2,211 

 

 

 

 

 

 

 

 

 

 

Assumptions Used To Determine Fair Value Of Stock Options Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014 

 

 

2013 

 

 

2012 

 

Expected life (in years)

4.1 

 

 

3.1 

 

 

3.5 

 

Risk-free interest rate

1.1 

%

 

0.4 

%

 

0.5 

%

Expected volatility

31.3 

%

 

33.8 

%

 

34.5 

%

Dividend yield

1.8 

%

 

2.3 

%

 

2.5 

%

 

 

 

 

 

 

 

 

 

 

Schedule Of Stock Options Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

 

 

Shares

 

 

WAEP*

 

Shares

 

 

WAEP*

 

Shares

 

 

WAEP*

Options outstanding at beginning of year

 

518 

 

$

39.52 

 

754 

 

$

36.84 

 

1,048 

 

$

35.80 

Granted

 

355 

 

$

65.34 

 

24 

 

$

52.81 

 

324 

 

$

40.14 

Exercised

 

(182)

 

$

37.01 

 

(243)

 

$

32.51 

 

(491)

 

$

35.17 

Forfeited or expired

 

(57)

 

$

51.45 

 

(17)

 

$

39.21 

 

(127)

 

$

43.79 

Options outstanding at end of year

 

634 

 

$

53.72 

 

518 

 

$

39.52 

 

754 

 

$

36.84 

Options eligible for exercise at year-end

 

194 

 

$

40.36 

 

226 

 

$

36.45 

 

249 

 

$

31.02 

*Weighted Average Exercise Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule Of Restricted Stock Grants And Unit Activity

Restricted stock activity for the fiscal years ended September 27, 2014, September 28, 2013, and September 29, 2012 was as follows (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

 

 

Shares

 

 

WAGDFV*

 

Shares

 

 

WAGDFV*

 

Shares

 

 

WAGDFV*

Unvested shares at beginning of year

 

24 

 

$

51.68 

 

27 

 

$

41.52 

 

30 

 

$

33.61 

Granted

 

 -

 

$

 -

 

12 

 

$

56.44 

 

12 

 

$

49.03 

Vested

 

(14)

 

$

49.71 

 

(15)

 

$

37.20 

 

(15)

 

$

31.26 

Forfeited

 

(1)

 

$

53.99 

 

 -

 

$

 -

 

 -

 

$

 -

Unvested shares at end of year

 

 

$

54.16 

 

24 

 

$

51.68 

 

27 

 

$

41.52 

*Weighted Average Grant Date Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock unit activity for the fiscal years ended September 27, 2014, September 28, 2013, and September 29, 2012 was as follows (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

 

 

Shares

 

 

WAGDFV*

 

Shares

 

 

WAGDFV*

 

Shares

 

 

WAGDFV*

Outstanding at beginning of year

 

38 

 

$

40.91 

 

62 

 

$

38.90 

 

37 

 

$

33.37 

Granted

 

88 

 

$

63.86 

 

 

$

55.38 

 

60 

 

$

39.26 

Vested

 

(17)

 

$

41.01 

 

(26)

 

$

37.61 

 

(26)

 

$

32.68 

Forfeited

 

(11)

 

$

50.10 

 

(1)

 

$

40.79 

 

(9)

 

$

29.90 

Outstanding at end of year

 

98 

 

$

60.51 

 

38 

 

$

40.91 

 

62 

 

$

38.90 

*Weighted Average Grant Date Fair Value