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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 26, 2021
Share-based Payment Arrangement [Abstract] |
Stock Option Valuation Assumptions | Awards with graded vesting are recognized using the straight-line method with the following assumptions (there were no stock options granted in 2020 or 2021):
Stock Options |  | 2019
Expected life |  | 10.0
Risk-free interest rate(1) |  | 2.5% - 2.6%
Volatility(2) |  | 47.5% - 49.1%
Forfeiture rate(3) |  | 5.1%
Dividend yield(4) |  | —%
(1) The risk-free interest rate is based on U.S. Treasury yields in effect at the time of grant with a term equal to the expected term of the options. (2) The Company estimated implied volatility based upon trailing volatility. (3) Forfeitures are estimated at the time of grant based upon historical information. Forfeitures will be revised, if necessary, in subsequent periods if actual forfeitures differ from estimates. (4) The Company has no history or expectation of paying dividends on its common stock.
Stock Options Roll Forward | A summary of the status of the Company’s stock option plan as of December 26, 2021, and changes in options outstanding under the plan for the year ended December 26, 2021, is as follows:
|  | Number of Shares Under Option |  | Weighted-Average Exercise Price per Share |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value
|  | (000’s) |  |  |  |  |  | (000’s)
Options outstanding at December 27, 2020 |  | 42 |  |  | $ | 4.98 |  |  | 2.0 |  | $ | 897.9 |
Granted |  | — |  |  | $ | — |  |  |  |  |
Exercised |  | — |  |  | $ | — |  |  |  |  |
Forfeited or expired |  | — |  |  | $ | — |  |  |  |  |
Options outstanding at December 26, 2021 |  | 42 |  |  | $ | 4.98 |  |  | 1.0 |  | $ | 622.9 |
Options exercisable at December 26, 2021 |  | 42 |  |  | $ | 4.98 |  |  | 1.0 |  | $ | 622.9 |
Grants and Exercises Under the Company's Option Plans | During the years ended December 26, 2021, December 27, 2020, and December 29, 2019, the following values relate to the grants and exercises under the Company’s option plans:
| 2021 |  | 2020 |  | 2019
Weighted average grant date fair value of options granted | $ | — |  |  | $ | — |  |  | $ | 10.25 |
Total intrinsic value of options exercised (in thousands) | $ | — |  |  | $ | 1,446.4 |  |  | $ | 8,874.9 |
Restricted Stock Units Activity | The following table summarizes the Company’s Restricted Stock Unit activity:
|  | Restricted Stock Units (000’s) |  | Weighted-Average Grant Date Fair Value
Nonvested balance at December 27, 2020 |  | 4,942 |  |  | $ | 11.12 |
Granted |  | 1,452 |  |  | $ | 26.29 |
Vested |  | (953) |  |  | $ | 25.94 |
Forfeitured or expired |  | (5) |  |  | $ | 20.85 |
Vested but not released |  | (558) |  |  | $ | 11.02 |
Nonvested balance at December 26, 2021 |  | 4,878 |  |  | $ | 12.74 |
Assumptions and Resulting Fair Values of Options Granted | The assumptions and resulting fair values of options granted for 2021, 2020 and 2019 were as follows:
| Offering Periods January 1 to December 31 2021 |  | Offering Periods January 1 to December 31 2020 |  | Offering Periods January 1 to December 31, 2019
Expected term (in years)(1) | 0.5 |  | 0.5 |  | 0.5
Risk-free interest rate(2) | 0.06% - 0.09% |  | 0.18% - 1.60% |  | 2.09% - 2.56%
Expected volatility(3) | 41.40% - 45.93% |  | 44.14% - 82.75% |  | 37.22% - 43.70%
Expected dividend yield(4) | —% |  | —% |  | —%
Weighted average grant-date fair value per share | $7.60 |  | $5.43 |  | $4.74
(1) The expected term is equivalent to the offering period. (2) The risk-free interest rate is based on U.S. Treasury yields in effect at the time of grant with a term equal to the expected term. (3) The Company estimated implied volatility based upon trailing volatility. (4) The Company has no history or expectation of paying dividends on its common stock.

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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