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Share-Based Employee Compensation (Tables)
 12 Months Ended
Oct. 03, 2021
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):
202120202019
Nonvested stock units$2,969 $3,526 $5,458 
Stock options25 351 936 
Performance share awards830 254 1,417 
Non-management directors’ deferred compensation224 263 263 
Total share-based compensation expense$4,048 $4,394 $8,074 
Summary of RSU Activity
The following is a summary of RSU activity for fiscal 2021:
SharesWeighted-
Average Grant
Date Fair
Value
RSUs outstanding at September 27, 2020175,141 $59.65 
Granted66,811 $95.44 
Released(81,968)$52.77 
Forfeited(18,787)$87.70 
RSUs outstanding at October 3, 2021141,197 $76.84 
Summary of Stock Option Activity
The following is a summary of stock option activity for fiscal 2021:
SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term (Years)		Aggregate
Intrinsic
Value
(in thousands)
Options outstanding at September 27, 2020207,463 $91.85 
Granted— N/A
Exercised(75,028)$88.60 
Forfeited(15,100)$76.29 
Expired(84,218)$97.31 
Options outstanding at October 3, 202133,117 $92.44 3.27$315 
Options exercisable at October 3, 202127,109 $96.26 2.84$169 
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:
2021 (1)
2020
2019 (1)
Risk-free interest rateN/A1.7%N/A
Expected dividends yieldN/A2.1%N/A
Expected stock price volatilityN/A28.1%N/A
Expected life of options (in years)N/A3.47N/A
Weighted-average grant date fair valueN/A$13.97N/A
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(1)No stock option awards were granted in fiscal 2021 or fiscal 2019.
Summary of PSU Activity
The following is a summary of performance share award activity for fiscal 2021:
SharesWeighted-
Average Grant
Date Fair
Value
Performance share awards outstanding at September 27, 202025,042 $63.59 
Granted28,166 $88.88 
Issued(8,717)$63.61 
Forfeited(11,026)$82.49 
Performance adjustments1,632 $82.80 
Performance share awards outstanding at October 3, 202135,097 $79.92 
Summary of Stock Equivalent Activity
The following is a summary of the stock equivalent activity for fiscal 2021:
Stock
Equivalents		Weighted-
Average Grant
Date Fair
Value
Stock equivalents outstanding at September 27, 2020105,876 $40.96 
Deferred directors’ compensation1,334 $108.70 
Dividend equivalents2,253 $102.80 
Stock equivalents outstanding at October 3, 2021109,463 $43.06