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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.

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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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.

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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.

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