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