EMPLOYEE STOCK PLANS (Tables)

6 Months Ended

Apr. 03, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The table below summarizes the effect of recording share-based compensation expense and the option value of the employee stock purchase plan shares:


	Three Months Ended				Six Months Ended
(In millions)	April 3, 2026		April 4, 2025		April 3, 2026		April 4, 2025
Cost of revenues	$	0.5	$	0.6	$	1.0	$	1.1
Research and development	0.8		0.8		1.6		1.7
Selling, general, and administrative	2.7		2.4		5.2		5.1
Total share-based compensation expense	$	4.0	$	3.8	$	7.8	$	7.9

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes stock option activity under Varex’s employee incentive plans for the Company's employees:



(In thousands, except per share amounts and the remaining term)	Options	Price Range	Weighted Average Exercise Price		Weighted Average Remaining Term (in years)	Aggregate Intrinsic Value(1)
Outstanding at October 3, 2025	1,830	$13.61 - $31.42	$	25.61	5.1	$	—

Canceled, expired or forfeited	(205)	$13.61 - $31.42	31.42

Outstanding at April 3, 2026	1,625	$13.61 - $30.95	$	24.88	5.2	$	—

Exercisable at April 3, 2026	1,538	$13.61 - $30.95	$	25.07	5.1	$	—

(1) The aggregate intrinsic value represents the total pre-tax intrinsic value, which is computed based on the difference between the exercise price and the closing price of Varex common stock of $10.50 as of April 2, 2026, the last trading date of the Company's second quarter, and which represents the amount that would have been received by the option holders had all option holders exercised their in-the-money options and sold the shares received upon exercise as of that date.

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

The following table summarizes the activity for restricted stock units, performance stock units, restricted stock awards, and deferred stock units under the 2020 Omnibus Stock Plan:



(In thousands, except per share amounts)	Number of Shares	Weighted Average Grant-Date Fair Value
Outstanding at October 3, 2025	1,946	$	18.35
Granted	1,061	12.14
Vested	(426)	21.77

Canceled or expired	(16)	17.26
Outstanding at April 3, 2026	2,565	$	15.19

Varex Imaging Corp 10-Q