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STOCK-BASED COMPENSATION

6 Months Ended

Jun. 27, 2020

Share-based Payment Arrangement [Abstract]

The Company has stock-based compensation plans under which employees and non-employee directors may be granted stock-based awards such as stock options, restricted stock, RSUs, and PSUs.

The following table provides stock-based compensation by the financial statement line item in which it is reflected:


	Three Months Ended						Six Months Ended
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
	(in thousands)
Cost of revenue	$	2,320	$	2,489	$	4,355	$	4,438
Selling, general and administrative	10,823		14,016		19,748		24,966
Stock-based compensation, before income taxes	13,143		16,505		24,103		29,404
Provision for income taxes	(1,988)		(2,855)		(3,539)		(4,902)
Stock-based compensation, net of income taxes	$	11,155	$	13,650	$	20,564	$	24,502

During the six months ended June 27, 2020, the Company granted stock options representing 0.3 million common shares with a per-share weighted-average grant date fair value of $53.20, RSUs representing 0.2 million common shares with a per-share weighted-average grant date fair value of $178.73, and PSUs representing 0.1 million common shares with a per-share

weighted-average grant date fair value of $210.55. The maximum number of common shares to be issued upon vesting of PSUs granted during the six months ended June 27, 2020 is 0.2 million.