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Share-Based Employee Compensation (Tables)
 12 Months Ended
Oct. 02, 2022
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 statements of earnings, in each fiscal year are as follows (in thousands):
202220212020
Nonvested stock units$4,544 $2,969 $3,526 
Stock options19 25 351 
Performance share awards1,835 830 254 
Nonvested restricted stock awards434 — — 
Non-management directors’ deferred compensation290 224 263 
Total share-based compensation expense$7,122 $4,048 $4,394 
Summary of RSU Activity
The following is a summary of RSU activity for fiscal 2022:
SharesWeighted-
Average Grant
Date Fair
Value
RSUs outstanding at October 3, 2021141,197 $76.84 
Granted130,862 $78.28 
Released(28,600)$89.02 
Forfeited(6,853)$83.34 
RSUs outstanding at October 2, 2022236,606 $75.98 
SharesWeighted-
Average Grant
Date Fair
Value
Restricted stock awards outstanding at October 3, 2021— $— 
Granted21,152 $82.33 
Issued(8,368)$82.33 
Forfeited(8,114)$82.33 
Restricted stock awards outstanding at October 2, 20224,670 $82.33 
Summary of Stock Option Activity
The following is a summary of stock option activity for fiscal 2022:
SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term (Years)		Aggregate
Intrinsic
Value
(in thousands)
Options outstanding at October 3, 202133,117 $92.44 
Granted— N/A
Exercised(667)$75.23 
Forfeited— N/A
Expired— N/A
Options outstanding at October 2, 202232,450 $92.80 2.33$— 
Options exercisable at October 2, 202229,446 $94.59 2.14$— 
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:
2022 (1)
2021 (1)2020
Risk-free interest rateN/AN/A1.7%
Expected dividends yieldN/AN/A2.1%
Expected stock price volatilityN/AN/A28.1%
Expected life of options (in years)N/AN/A3.47
Weighted-average grant date fair valueN/AN/A$13.97
________________________
(1)No stock option awards were granted in fiscal 2022 or fiscal 2021.
Summary of PSU Activity
The following is a summary of performance share award activity for fiscal 2022:
SharesWeighted-
Average Grant
Date Fair
Value
Performance share awards outstanding at October 3, 202135,097 $79.92 
Granted37,822 $78.95 
Issued(6,905)$82.80 
Forfeited— $— 
Performance adjustments(632)$70.56 
Performance share awards outstanding at October 2, 202265,382 $79.14 
Summary of Stock Equivalent Activity
The following is a summary of the stock equivalent activity for fiscal 2022:
Stock
Equivalents		Weighted-
Average Grant
Date Fair
Value
Stock equivalents outstanding at October 3, 2021109,463 $43.06 
Deferred directors’ compensation3,438 $84.35 
Dividend equivalents3,373 $77.44 
Stock equivalents outstanding at October 2, 2022116,274 $45.28