XML 54 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Share-Based Employee Compensation (Tables)
 12 Months Ended
Oct. 02, 2016
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):
 
 
2016
 
2015
 
2014
Nonvested stock units
 
$
5,520

 
$
4,989

 
$
3,247

Performance share awards
 
3,068

 
4,229

 
3,923

Stock options
 
2,509

 
2,782

 
2,660

Nonvested restricted stock awards
 
88

 
156

 
310

Deferred compensation for directors
 
270

 
264

 
218

Total share-based compensation expense
 
$
11,455

 
$
12,420

 
$
10,358
Summary Of Stock Option Activity
The following is a summary of stock option activity for fiscal 2016:
 
 
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
(in thousands)
Options outstanding at September 27, 2015
 
594,348

 
$
42.72

 
 
 
 
Granted
 
99,923

 
$
75.24

 
 
 
 
Exercised
 
(333,406
)
 
$
31.68

 
 
 
 
Forfeited
 
(22,408
)
 
$
64.96

 
 
 
 
Options outstanding at October 2, 2016
 
338,457

 
$
61.73

 
5.23
 
$
11,579

Options exercisable at October 2, 2016
 
113,880

 
$
50.25

 
4.20
 
$
5,203

Options exercisable and expected to vest at October 2, 2016
 
338,457

 
$
61.73

 
5.23
 
$
11,579
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:
 
 
2016
 
2015
 
2014
Risk-free interest rate
 
1.66
%
 
1.78
%
 
2.05
%
Expected dividends yield
 
1.59
%
 
1.09
%
 
—
%
Expected stock price volatility
 
26.68
%
 
32.09
%
 
39.18
%
Expected life of options (in years)
 
4.90

 
6.00

 
6.50

Weighted-average grant date fair value
 
$
16.21

 
$
22.04

 
$
20.04
Summary Of PSU Activity
The following is a summary of performance share award activity for fiscal 2016:
 
 
Shares
 
Weighted-
Average Grant
Date Fair
Value
Performance share awards outstanding at September 27, 2015
 
162,914

 
$
59.37

Granted
 
20,685

 
$
75.25

Issued
 
(63,708
)
 
$
49.44

Forfeited
 
(11,632
)
 
$
69.16

Performance adjustments
 
9,360

 
$
62.87

Performance share awards outstanding at October 2, 2016
 
117,619

 
$
62.13
Summary Of RSU Activity
The following is a summary of RSU activity for fiscal 2016:
 
 
Shares
 
Weighted-
Average Grant
Date Fair
Value
RSUs outstanding at September 27, 2015
 
332,973

 
$
44.34

Granted
 
140,794

 
$
72.06

Released
 
(105,254
)
 
$
42.65

Forfeited
 
(39,608
)
 
$
64.30

RSUs outstanding at October 2, 2016
 
328,905

 
$
54.05
Summary Of Stock Equivalent Activity
The following is a summary of the stock equivalent activity for fiscal 2016:
 
 
Stock
Equivalents
 
Weighted-
Average Grant
Date Fair
Value
Stock equivalents outstanding at September 27, 2015
 
79,158

 
$
26.64

Deferred directors’ compensation
 
3,924

 
$
68.81

Dividend equivalents
 
1,282

 
$
80.57

Stock equivalents outstanding at October 2, 2016
 
84,364

 
$
29.43
Summary of Employee Stock Purchase Plan Activity
The following is a summary of shares issued pursuant to our ESPP in fiscal 2015 and 2014:
 
 
2015
 
2014
Common stock issued
 
1,371

 
4,055

Fair value of common stock issued
 
$
70.78

 
$
49.25