XML 55 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee Compensation Plans (Tables)
12 Months Ended
Sep. 27, 2014
Compensation Plans  
Summary of option activity

 

                                                                                                                                                                                    

 

 

Number of
Shares

 

Weighted Average
Exercise Price
(per share)

 

Outstanding at September 28, 2013

 

 

5,022,340

 

$

18.30

 

Granted

 

 

386,309

 

$

73.53

 

Exercised

 

 

(1,872,448

)

$

15.02

 

Forfeited/expired

 

 

(99,474

)

$

54.56

 

 

 

 

 

 

 

Outstanding at September 27, 2014

 

 

3,436,727

 

$

25.24

 

Exercisable at September 27, 2014

 

 

2,541,149

 

$

13.68

 

 

Summary of stock options vested and expected to vest

 

                                                                                                                                                                                    

Number of options outstanding

 

Weighted average
remaining
contractual life
(in years)

 

Weighted average
exercise price

 

Intrinsic value at
September 27,
2014
(in thousands)

 

3,428,994

 

 

4.66 

 

$

25.15 

 

$

361,691 

 

 

Summary of stock options exercisable

 

                                                                                                                                                                                    

Number of options exercisable

 

Weighted average
remaining
contractual life
(in years)

 

Weighted average
exercise price

 

Intrinsic value at
September 27,
2014
(in thousands)

 

2,541,149

 

 

3.40 

 

$

13.68 

 

$

297,200 

 

 

Schedule of assumptions used in estimating the grant-date fair value of employee stock options and similar instruments

 

                                                                                                                                                                                    

 

 

Fiscal 2014

 

Fiscal 2013

 

Fiscal 2012

 

Average expected life

 

 

5.5 years

 

 

6.0 years

 

 

6.0 years

 

Average volatility

 

 

74 

%

 

81 

%

 

69 

%

Dividend yield

 

 

1.30 

%

 

%

 

%

Risk-free interest rate

 

 

1.70 

%

 

1.02 

%

 

1.31 

%

Weighted average fair value

 

$

42.38 

 

$

31.23 

 

$

30.10 

 

 

Summary of the number and weighted average grant-date fair value of nonvested RSUs

The following table summarizes the number and weighted average grant-date fair value of nonvested RSUs (amounts in thousands except grant date fair value and weighted average remaining contractual life):

                                                                                                                                                                                    

 

 

Share
Units

 

Weighted Average
Grant-Date
Fair Value

 

Weighted Average
Remaining Contractual
Life (in Years)

 

Intrinsic Value
(in Thousands)

 

Nonvested, September 28, 2013

 

 

221,502

 

$

42.74

 

 

1.71

 

$

16,586

 

Granted

 

 

259,507

 

$

119.95

 

 

 

 

 

 

 

Vested

 

 

(56,781

)

$

61.04

 

 

 

 

 

 

 

Forfeited

 

 

(15,055

)

$

82.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonvested, September 27, 2014

 

 

409,173

 

$

86.50

 

 

3.26

 

$

53,450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of the number and weighted average grant-date fair value of nonvested PSUs

 

                                                                                                                                                                                    

 

 

 

Share Units

 

Weighted Average Grant-Date Fair Value

 

 

Outstanding on September 28, 2013

 

 

120,668

 

$

41.10

 

 

Granted

 

 

84,232

 

$

107.12

 

 

Forfeited

 

 

(9,118

)

$

86.87

 

 

 

 

 

 

 

 

 

 

Outstanding on September 27, 2014(1)

 

 

195,782

 

$

67.38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1)

The outstanding PSUs as of September 27, 2014, at the threshold award and maximum award levels were 172,313 and 297,689, respectively.

 

Schedule of assumptions used in estimating the grant-date fair value of employees' purchase rights under the ESPP

 

                                                                                                                                                                                    

 

 

 

Fiscal 2014

 

Fiscal 2013

 

Fiscal 2012

 

 

Average expected life

 

 

6 months

 

 

6 months

 

 

6 months

 

 

Average volatility

 

 

55 

%

 

86 

%

 

70 

%

 

Dividend yield

 

 

1.14 

%

 

%

 

%

 

Risk-free interest rate

 

 

0.06 

%

 

0.13 

%

 

0.90 

%

 

Weighted average fair value

 

$

26.06 

 

$

14.38 

 

$

11.61 

 

 

Stock-based compensation expense recognized

Stock-based compensation expense recognized in the Consolidated Statements of Operations in fiscal years 2014, 2013, and 2012 (in thousands):

                                                                                                                                                                                    

 

 

 

Fiscal 2014

 

Fiscal 2013

 

Fiscal 2012

 

 

Options

 

$

13,029 

 

$

14,151 

 

$

12,595 

 

 

RSUs/PSUs/RSAs

 

 

13,200 

 

 

7,529 

 

 

1,861 

 

 

ESPP

 

 

4,444 

 

 

4,401 

 

 

3,412 

 

 

 

 

 

 

 

 

 

 

 

Total stock-based compensation expense recognized in the Consolidated Statements of Operations

 

$

30,673 

 

$

26,081 

 

$

17,868 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total related tax benefit

 

$

12,005 

 

$

9,936 

 

$

6,004