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Note 11 Stock-Based Compensation
6 Months Ended
Mar. 30, 2013
Share-based Compensation [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
Stock-Based Compensation
 
Stock compensation expense was attributable to:
 
Three Months Ended
 
Six Months Ended
 
March 30, 2013
 
March 31, 2012
 
March 30,
2013
 
March 31,
2012
 
(In thousands)
Stock options
$
2,757

 
$
2,547

 
$
5,374

 
$
5,002

Restricted stock units
1,585

 
1,982

 
3,634

 
3,591

  Total
$
4,342

 
$
4,529

 
$
9,008

 
$
8,593



Stock compensation expense was recognized as follows:
 
Three Months Ended
 
Six Months Ended
 
March 30,
2013
 
March 31,
2012
 
March 30,
2013
 
March 31,
2012
 
(In thousands)
Cost of sales
$
1,291

 
$
983

 
$
2,631

 
$
1,890

Selling, general and administrative
3,004

 
3,519

 
6,299

 
6,649

Research and development
47

 
27

 
78

 
54

  Total
$
4,342

 
$
4,529

 
$
9,008

 
$
8,593



During the second quarter of 2013, the Company's stockholders approved the reservation of an additional 1.7 million shares of common stock for future issuance under the Company's 2009 Incentive Plan. As of March 30, 2013, an aggregate of 16.6 million shares were authorized for future issuance under the Company's stock plans, of which 13.0 million of such shares were issuable upon exercise of outstanding options and delivery of shares upon vesting of restricted stock units and 3.6 million shares of common stock were available for future grant.

Stock Options

Assumptions used to estimate the fair value of stock options granted were as follows:
 
Three Months Ended
 
Six Months Ended
 
March 30,
2013
 
March 31,
2012
 
March 30,
2013
 
March 31,
2012
Volatility
84.7
%
 
85.8
%
 
85.4
%
 
85.6
%
Risk-free interest rate
0.8
%
 
0.9
%
 
0.7
%
 
0.9
%
Dividend yield
%
 
%
 
%
 
%
Expected life of options (years)
5.0

 
5.0

 
5.0

 
5.0



Stock option activity was as follows:
 
Number of
Shares
 
Weighted-
Average
Exercise Price
($)
 
Weighted-
Average
Remaining
Contractual
Term

 
Aggregate
Intrinsic
Value of
In-The-Money
Options
($)
 
(In thousands)
 
 
 
 
 
(In thousands)
Outstanding, September 29, 2012
11,275

 
13.15

 
6.54
 
18,548

Granted
900

 
8.54

 
 
 
 
Exercised/Cancelled/Forfeited/Expired
(366
)
 
8.97

 
 
 
 
Outstanding, December 29, 2012
11,809

 
12.93

 
6.57
 
23,083

Granted
50

 
11.78

 
 
 
 
Exercised/Cancelled/Forfeited/Expired
(445
)
 
8.88

 
 
 
 
Outstanding, March 30, 2013
11,414

 
13.08

 
6.30
 
31,538

Vested and expected to vest, March 30, 2013
10,982

 
13.21

 
6.20
 
30,514

Exercisable, March 30, 2013
8,050

 
14.46

 
5.35
 
23,044



The weighted-average grant date fair value of stock options granted during the three and six months ended March 30, 2013 was $7.80 per share and $5.83 per share, respectively. The weighted-average grant date fair value of stock options granted during the three and six months ended March 31, 2012 was $7.36 per share and $5.96 per share, respectively. The aggregate intrinsic value in the preceding table represents the total pre-tax intrinsic value of in-the-money options that would have been received by the option holders had all option holders exercised their options at the Company's closing stock price on the date indicated.

As of March 30, 2013, unrecognized compensation expense related to stock options was $20.1 million, and is expected to be recognized over a weighted average period of 2.5 years.

Restricted Stock Units

The Company grants restricted stock units to executive officers, directors and certain management employees. These units vest over periods ranging from one to four years and are exchanged for shares of common stock at the vesting date. Compensation expense associated with these units is recognized ratably over the vesting period.

As of March 30, 2013, unrecognized compensation expense related to restricted stock units was $10.4 million, and is expected to be recognized over a weighted average period of 1.7 years. Additionally, as of March 30, 2013, unrecognized compensation expense related to performance based restricted stock units was $2.7 million. No expense has been recorded for these performance based restricted stock units to date as achievement of performance criteria is not considered probable.

Activity with respect to the Company's restricted stock units was as follows:

 
Number of
Shares
 
Weighted-
Average Grant Date
Fair Value
($)
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
($)
 
(In thousands)
 
 
 
 
 
(In thousands)
Outstanding, September 29, 2012
2,230

 
9.51

 
1.08
 
21,272

Granted
760

 
8.53

 
 
 
 
Vested/Cancelled
(1,384
)
 
7.30

 
 
 
 
Outstanding, December 29, 2012
1,606

 
10.94

 
2.56
 
16,561

Granted
106

 
11.85

 
 
 
 
Vested/Cancelled
(152
)
 
11.36

 
 
 
 
Outstanding, March 30, 2013
1,560

 
10.96

 
2.35
 
18,487

Expected to vest, March 30, 2013
1,068

 
11.58

 
1.90
 
12,656