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Share-Based Employee Compensation (Tables)
 12 Months Ended
Sep. 27, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Components of Share-Based Compensation Expense The components of share-based compensation expense, included within “Selling, general, and administrative expenses” in our consolidated statement of earnings, in each fiscal year are as follows (in thousands):
202020192018
Nonvested stock units$3,526 $5,458 $5,737 
Stock options351 936 1,790 
Performance share awards254 1,417 1,236 
Nonvested restricted stock awards— — 33 
Non-management directors’ deferred compensation263 263 350 
Total share-based compensation expense$4,394 $8,074 $9,146 
Summary of RSU Activity
The following is a summary of RSU activity for fiscal 2020:
SharesWeighted-
Average Grant
Date Fair
Value
RSUs outstanding at September 29, 2019311,845 $66.18 
Granted76,429 $73.94 
Released(126,694)$68.39 
Forfeited(86,439)$83.05 
RSUs outstanding at September 27, 2020175,141 $59.65 
Summary of Stock Option Activity
The following is a summary of stock option activity for fiscal 2020:
SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term (Years)		Aggregate
Intrinsic
Value
(in thousands)
Options outstanding at September 29, 2019266,558 $89.54 
Granted129,173 $75.23 
Exercised(62,305)$74.57 
Forfeited(122,594)$77.95 
Expired(3,369)$97.31 
Options outstanding at September 27, 2020207,463 $91.85 2.48$252 
Options exercisable at September 27, 2020174,104 $94.67 1.81$107 
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:
202020192018
Risk-free interest rate1.7%N/A2.4%
Expected dividends yield2.1%N/A1.8%
Expected stock price volatility28.1%N/A28.8%
Expected life of options (in years)3.47N/A3.40
Weighted-average grant date fair value$13.97N/A$18.49
Summary of PSU Activity
The following is a summary of performance share award activity for fiscal 2020:
SharesWeighted-
Average Grant
Date Fair
Value
Performance share awards outstanding at September 29, 201975,490 $83.40 
Granted23,600 $81.02 
Issued(21,509)$97.51 
Forfeited(50,336)$83.31 
Performance adjustments(2,203)$86.84 
Performance share awards outstanding at September 27, 202025,042 $63.59 
Summary of Stock Equivalent Activity
The following is a summary of the stock equivalent activity for fiscal 2020:
Stock
Equivalents		Weighted-
Average Grant
Date Fair
Value
Stock equivalents outstanding at September 29, 2019100,005 $38.87 
Deferred directors’ compensation3,851 $81.56 
Dividend equivalents2,224 $68.80 
Stock distribution(204)$86.74 
Stock equivalents outstanding at September 27, 2020105,876 $40.96