Share-Based Employee Compensation (Tables)

12 Months Ended

Sep. 27, 2015

Share-based Compensation [Abstract]

Components Of Share-Based Compensation Expense

The components of share-based compensation expense recognized in each year are as follows (in thousands):

	2015		2014		2013
Stock options	$	2,782	$	2,660	$	5,075
Performance share awards	4,229		3,923		2,311
Nonvested stock awards	156		310		430
Nonvested stock units	4,989		3,247		3,356
Deferred compensation for directors	264		218		220
Total share-based compensation expense	$	12,420	$	10,358	$	11,392

Summary Of Stock Option Activity

The following is a summary of stock option activity for fiscal 2015:

	Shares		Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in thousands)
Options outstanding at September 28, 2014	1,189,570		$26.74
Granted	123,042		$73.53
Exercised	(708,096	)	$21.29
Forfeited	(10,168	)	$38.74
Options outstanding at September 27, 2015	594,348		$42.72	4.66	$	21,984
Options exercisable at September 27, 2015	285,820		$30.34	3.88	$	14,112
Options exercisable and expected to vest at September 27, 2015	594,348		$42.72	4.66	$	21,984

Schedule Of Weighted-Average Assumptions

The following table presents the weighted-average assumptions used for stock option grants in each fiscal year, along with the related weighted-average grant date fair value:

	2015			2014			2013
Risk-free interest rate	1.78		%	2.05		%	1.09		%
Expected dividends yield	1.09		%	—		%	—		%
Expected stock price volatility	32.09		%	39.18		%	42.24		%
Expected life of options (in years)	6.00			6.50			6.50
Weighted-average grant date fair value	$	22.04		$	20.04		$	11.84

Summary Of PSU Activity

The following is a summary of performance share award activity for fiscal 2015:

	Shares		Weighted- Average Grant Date Fair Value
Performance share awards outstanding at September 28, 2014	330,203		$25.69
Granted	40,594		$73.53
Issued	(189,584	)	$26.70
Forfeited	(5,362	)	$48.54
Performance adjustments	(12,937	)	$27.49
Performance share awards outstanding at September 27, 2015	162,914		$59.37

Summary Of RSU Activity

The following is a summary of RSU activity for fiscal 2015:

	Shares		Weighted- Average Grant Date Fair Value
Nonvested stock units outstanding at September 28, 2014	330,871		$33.73
Granted	93,570		$75.07
Released	(69,720	)	$34.44
Forfeited	(21,748	)	$46.83
Nonvested stock units outstanding at September 27, 2015	332,973		$44.34

Summary Of Stock Equivalent Activity

The following is a summary of the stock equivalent activity for fiscal 2015:

	Stock Equivalents	Weighted- Average Grant Date Fair Value
Stock equivalents outstanding at September 28, 2014	75,466	$23.44
Deferred directors’ compensation	2,761	$95.09
Dividend equivalents	931	$83.79
Stock equivalents outstanding at September 27, 2015	79,158	$26.64

Summary of Employee Stock Purchase Plan Activity

The following is a summary of shares issued pursuant to our ESPP in each fiscal year:

	2015		2014		2013
Common stock issued	1,371		4,055		7,144
Fair value of common stock issued	$	70.78	$	49.25	$	29.71