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Benefit Plans (Tables)
12 Months Ended
Sep. 28, 2019
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 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

 
 
Granted
 

 

 
 
Canceled
 
(4
)
 
31.62

 
 
Exercised
 
(414
)
 
35.01

 
 
Outstanding as of September 29, 2018
 
554

 
$
37.18

 
 
Granted
 

 

 
 
Canceled
 
(2
)
 
26.96

 
 
Exercised
 
(88
)
 
31.55

 
 
Outstanding as of September 28, 2019
 
464

 
$
38.28

 
$
11,274

 
 
Number of Options/SARs (in thousands)
 
Weighted Average Exercise Price
 
Weighted Average Remaining Life (years)
 
Aggregate Intrinsic Value (in thousands)
Exercisable as of:
 
 
 
 
 
 
 
 
September 30, 2017
 
865

 
$
35.62

 
 
 
 
September 29, 2018
 
537

 
$
36.92

 
 
 
 
September 28, 2019
 
464

 
$
38.28

 
3.72
 
$
11,274


Schedule of Stock Option and SARs Information
The following table summarizes outstanding stock option and SAR information as of September 28, 2019 (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
$25.33 - $33.06
 
118

 
$
28.57

 
2.69
 
118

 
$
28.57

$33.07 - $40.64
 
131

 
$
37.67

 
4.32
 
131

 
$
37.67

$40.65 - $44.48
 
130

 
$
43.00

 
3.51
 
130

 
$
43.00

$44.49 - $45.45
 
85

 
$
45.38

 
4.53
 
85

 
$
45.38

$25.33 - $45.45
 
464

 
$
38.28

 
3.72
 
464

 
$
38.28


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 in fiscal 2017 using the Black-Scholes option-pricing model based on the assumption ranges below:
 
 
2017
Expected life (years)
 
5.70
Risk-free interest rate
 
1.50%
Expected volatility
 
34%
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 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

 
 
Granted
 
331

 
61.88

 
 
Canceled
 
(42
)
 
46.74

 
 
Vested
 
(324
)
 
45.48

 
 
Units outstanding as of September 29, 2018
 
1,033

 
$
51.19

 
 
Granted
 
375

 
55.76

 
 
Canceled
 
(38
)
 
54.03

 
 
Vested
 
(408
)
 
41.51

 
 
Units outstanding as of September 28, 2019
 
962

 
$
56.97

 
$
60,193