XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Stock-based Compensation (Tables) | 6 Months Ended
--- | ---
Jun. 27, 2024
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:
|  | Twenty-six Weeks Ended
in thousands |  | June 27, 2024 |  | June 29, 2023
General and administrative |  | $ | 13,458 |  |  | $ | 14,212 |
Selling and store operating |  | 2,129 |  |  | 835 |
Total stock-based compensation expense |  | $ | 15,587 |  |  | $ | 15,047 |
Stock Option Activity | The table below summarizes stock option activity for the twenty-six weeks ended June 27, 2024:
| Options |  | Weighted Average Exercise Price
Outstanding at December 29, 2023 | 1,607,341 |  |  | $ | 28.51 |
Exercised | (283,357) |  |  | $ | 19.21 |
Forfeited or expired | (2,041) |  |  | $ | 71.17 |
Outstanding at June 27, 2024 | 1,321,943 |  |  | $ | 30.43 |
Vested and exercisable at June 27, 2024 | 1,306,746 |  |  | $ | 29.68 |
Restricted Stock Unit Activity | The following table summarizes restricted stock unit activity during the twenty-six weeks ended June 27, 2024:
| Restricted Stock Units
| Service-based |  | Performance-based |  | Total shareholder return |  | Total Restricted Stock Units
Unvested at December 29, 2023 | 608,140 |  |  | 188,543 |  |  | 58,854 |  |  | 855,537 |
Granted | 240,892 |  |  | 50,855 |  |  | — |  |  | 291,747 |
Vested | (196,636) |  |  | — |  |  | — |  |  | (196,636) |
Forfeited | (24,403) |  |  | (13,001) |  |  | (4,204) |  |  | (41,608) |
Unvested at June 27, 2024 | 627,993 |  |  | 226,397 |  |  | 54,650 |  |  | 909,040 |
Restricted Stock Award Activity | The following table summarizes restricted stock award activity during the twenty-six weeks ended June 27, 2024:
| Restricted Stock Awards
| Service-based |  | Performance-based (1) |  | Total shareholder return (1) |  | Total Restricted Stock Awards
Unvested at December 29, 2023 | 34,783 |  |  | 47,662 |  |  | 31,056 |  |  | 113,501 |
Vested | (30,680) |  |  | (47,662) |  |  | (31,056) |  |  | (109,398) |
Forfeited | (395) |  |  | — |  |  | — |  |  | (395) |
Unvested at June 27, 2024 | 3,708 |  |  | — |  |  | — |  |  | 3,708 |
(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
- 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 -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration