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Benefit Plans (Tables)
12 Months Ended
Sep. 30, 2017
Compensation Related Costs [Abstract]  
Schedule of Stock Option and SARs Activity
A summary of the Company’s stock option and SAR activity follows:
 
 
Number of Options/SARs (in thousands)
 
Weighted Average Exercise Price
 
Aggregate Intrinsic Value (in thousands)
Outstanding as of September 27, 2014
 
2,270

 
$
31.65

 
 
Granted
 
221

 
39.53

 
 
Canceled
 
(25
)
 
36.50

 
 
Exercised
 
(549
)
 
28.93

 
 
Outstanding as of October 3, 2015
 
1,917

 
$
33.27

 
 
Granted
 
229

 
39.52

 
 
Canceled
 
(66
)
 
41.48

 
 
Exercised
 
(619
)
 
31.59

 
 
Outstanding as of October 1, 2016
 
1,461

 
$
34.59

 
 
Granted
 
36

 
45.45

 
 
Canceled
 
(4
)
 
30.88

 
 
Exercised
 
(521
)
 
32.29

 
 
Outstanding as of September 30, 2017
 
972

 
$
36.23

 
$
19,283

 
 
 
Number of Options/SARs (in thousands)
 
Weighted Average Exercise Price
 
Weighted Average Remaining Life (years)
 
Aggregate Intrinsic Value (in thousands)
Exercisable as of:
 
 
 
 
 
 
 
 
October 3, 2015
 
1,560

 
$
31.67

 
 
 
 
October 1, 2016
 
1,125

 
$
33.11

 
 
 
 
September 30, 2017
 
865

 
$
35.62

 
4.21
 
$
17,692

Schedule of Stock Option and SARs Information
The following table summarizes outstanding stock option and SAR information as of September 30, 2017 (Options/SARs in thousands):
Range of Exercise Prices
 
Number of Options/SARs Outstanding (in thousands)
 
Weighted Average Exercise Price
 
Weighted Average Remaining Life
(years)
 
Number of Options / SARs Exercisable (in thousands)
 
Weighted Average Exercise Price
$14.17 - $31.70
 
244

 
$
26.27

 
3.40
 
244

 
$
26.27

$31.71 - $37.12
 
279

 
$
35.56

 
5.00
 
243

 
$
35.72

$37.13 - $41.84
 
270

 
$
40.11

 
4.92
 
252

 
$
39.99

$41.85 - $45.45
 
179

 
$
44.99

 
5.68
 
126

 
$
44.81

$14.17 - $45.45
 
972

 
$
36.23

 
4.70
 
865

 
$
35.62

Schedule of Estimated Option and SAR Grants Using Black-Scholes Pricing Model
The fair value of each option and SAR grant was estimated at the date of grant using the Black-Scholes option-pricing model based on the assumption ranges below:
 
 
2017
 
2016
 
2015
Expected life (years)
 
5.70
 
5.70
 
4.50 - 5.70
Risk-free interest rate
 
1.50%
 
1.23 - 1.87%
 
1.52 - 1.64%
Expected volatility
 
34%
 
35 - 37%
 
37 - 38%
Dividend yield
 
 
 
Schedule of PSU and RSU Activity
A summary of the Company’s PSU and RSU activity follows:
 
 
Number of Shares (in thousands)
 
Weighted Average Fair Value at Date of Grant
 
Aggregate Intrinsic Value (in thousands)
Units outstanding as of September 27, 2014
 
730

 
$
31.97

 
 
Granted
 
325

 
41.46

 
 
Canceled
 
(43
)
 
35.15

 
 
Vested
 
(216
)
 
37.52

 
 
Units outstanding as of October 3, 2015
 
796

 
$
38.18

 
 
Granted
 
499

 
39.68

 
 
Canceled
 
(29
)
 
36.84

 
 
Vested
 
(244
)
 
27.77

 
 
Units outstanding as of October 1, 2016
 
1,022

 
$
41.49

 
 
Granted
 
397

 
54.21

 
 
Canceled
 
(22
)
 
41.17

 
 
Vested
 
(329
)
 
43.76

 
 
Units outstanding as of September 30, 2017
 
1,068

 
$
45.97

 
$
59,905