Stock-Based Compensation (Tables)

3 Months Ended

Dec. 30, 2023

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation Expense in Consolidated Statements of Operations

The following presents stock-based compensation expense in the Company’s Consolidated Statements of Income:

	Three Months Ended
	December 30, 2023		December 31, 2022
Cost of revenues	$	2.8	$	2.9
Research and development	3.2		3.4
Selling and marketing	3.2		3.3
General and administrative	19.5		10.9
	$	28.7	$	20.5

Weighted-Average Assumptions Utilized to Value Stock Options

The Company uses a binomial model to determine the fair value of its stock options. The weighted-average assumptions utilized to value these stock options are indicated in the following table:

	Three Months Ended
	December 30, 2023			December 31, 2022
Risk-free interest rate	4.4		%	4.3		%
Expected volatility	33.4		%	33.9		%
Expected life (in years)	4.8			4.8
Dividend yield	—			—
Weighted average fair value of options granted	$	24.93		$	25.81