XML 33 R20.htm IDEA: XBRL DOCUMENT
v3.23.1

Stock-based Compensation (Tables) | 3 Months Ended
--- | ---
Mar. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | The table below presents components of stock-based compensation expense within the Company’s Condensed Consolidated Statements of Operations and Comprehensive Income:
|  | Thirteen Weeks Ended
in thousands |  | March 30, 2023 |  | March 31, 2022
General and administrative |  | $ | 6,367 |  |  | $ | 5,980 |
Selling and store operating |  | 374 |  |  | — |
Total stock-based compensation expense |  | $ | 6,741 |  |  | $ | 5,980 |
Stock Option Activity | The table below summarizes stock option activity for the thirteen weeks ended March 30, 2023.
| Options |  | Weighted Average Exercise Price
Outstanding at December 30, 2022 | 2,101,559 |  |  | $ | 27.10 |
Exercised | (79,452) |  |  | 26.81 |
Forfeited or expired | (231) |  |  | 47.12 |
Outstanding at March 30, 2023 | 2,021,876 |  |  | $ | 27.11 |
Vested and exercisable at March 30, 2023 | 1,900,479 |  |  | $ | 24.74 |
Restricted Stock Unit Activity | The following table summarizes restricted stock unit activity during the thirteen weeks ended March 30, 2023:
| Restricted Stock Units
| Service-based |  | Performance-based |  | Total shareholder return |  | Total Restricted Stock Units
Unvested at December 30, 2022 | 408,829 |  |  | 36,117 |  |  | — |  |  | 444,946 |
Granted | 350,518 |  |  | 188,543 |  |  | 58,854 |  |  | 597,915 |
Vested | (116,594) |  |  | — |  |  | — |  |  | (116,594) |
Forfeited | (3,175) |  |  | — |  |  | — |  |  | (3,175) |
Unvested at March 30, 2023 | 639,578 |  |  | 224,660 |  |  | 58,854 |  |  | 923,092 |
Schedule of Valuation Assumptions | The grant-date fair value of TSR awards is estimated using a Monte Carlo valuation method, which included the following assumptions for TSR awards granted during the period:
|  | Thirteen Weeks Ended March 30, 2023
Expected term (in years) |  | 2.8
Risk-free interest rate |  | 4.5 | %
Expected volatility |  | 49.5 | %
Dividend yield |  | — | %
Restricted Stock Award Activity | The following table summarizes restricted stock award activity during the thirteen weeks ended March 30, 2023:
| Restricted Stock Awards
| Service-based |  | Performance-based (1) |  | Total shareholder return (1) |  | Total Restricted Stock Awards
Unvested at December 30, 2022 | 103,326 |  |  | 134,318 |  |  | 87,517 |  |  | 325,161 |
Vested | (50,178) |  |  | (86,656) |  |  | (56,461) |  |  | (193,295) |
Unvested at March 30, 2023 | 53,148 |  |  | 47,662 |  |  | 31,056 |  |  | 131,866 |
(1) The performance-based and total shareholder return restricted stock awards that vested during the period were issued at 100% of target based on achievement of the predetermined performance and total shareholder return criteria as specified in the underlying grant agreements.

X
- Definition Schedule of Share-Based Payment Award, Equity Instruments Other Than Options, Valuation Assumptions + References No definition available. + Details
Name: | fnd_ScheduleOfShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | fnd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + 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) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + 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 (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + 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)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + 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 (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration