General form of registration statement for all companies including face-amount certificate companies

Equity-Based Compensation (Tables)

v3.20.4
Equity-Based Compensation (Tables)
12 Months Ended
Oct. 03, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Incentive Units Granted
The fair value of Incentive Units granted was estimated at the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions. A summary of Incentive Unit activity and assumptions are as follows:
 
Fiscal Year Ended
  
October 3,

2020
   
September 28,

2019
   
September 29,

2018
 
Expected volatility
     23.5     22.9     21.0
Risk-free interest rate
     1.4     2.5     2.2
Dividend yield
     0.0     0.0     0.0
Expected term (in years)
     4.0       4.0       4.0  
Weighted-average grant date fair value per Incentive Unit
   $ 1.87     $ 1.69     $ 1.54  
Summary of Incentive Units Activity
A summary of Incentive Unit activity is as follows:
 
    
Number of

Incentive Units
 
Outstanding, September 30, 2017
     7,841,743  
Granted
     1,020,000  
Exercised
      
Forfeited
     (915,750
    
 
 
 
Outstanding, September 29, 2018
     7,945,993  
Granted
     3,401,538  
Exercised
      
Forfeited
     (1,084,750
    
 
 
 
Outstanding, September 28, 2019
     10,262,781  
Granted
     5,980,675  
Exercised
      
Forfeited
     (2,976,250
Outstanding, October 3, 2020
     13,267,206  
    
 
 
 
Vested, September 29, 2018
     1,163,512  
Vested, September 28, 2019
     1,993,273  
Vested, October 3, 2020
     3,196,606