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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 28, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Financial Statement Line Items in Which Stock-based Compensation is Reflected

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

			Fiscal Year
			2024						2023						2022
			(in thousands)
Cost of revenue			$	15,658					$	15,052					$	14,853
Selling, general and administrative			54,233						56,996						58,764
Stock-based compensation, before income taxes			69,891						72,048						73,617
Provision for income taxes			(10,487)						(10,907)						(10,969)
Stock-based compensation, net of income taxes			$	59,404					$	61,141					$	62,648

Schedule of Stock Option Activity

The following table summarizes stock option activity under the Company’s stock-based compensation plans:

			Number of shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life						Aggregate Intrinsic Value
			(in thousands)												(in years)						(in thousands)
Options outstanding as of December 30, 2023			789						$	218.97
Options granted			113						$	210.81
Options exercised			(158)						$	151.09
Options canceled			(34)						$	252.32
Options outstanding as of December 28, 2024			710						$	231.19					7.2						$	1,337
Options exercisable as of December 28, 2024			407						$	234.09					6.4						$	1,337
Options expected to vest as of December 28, 2024			303						$	227.29					8.3						$	—

Schedule of Weighted-average Assumptions

The fair value of stock options granted was estimated using the Black-Scholes option-pricing model with the following weighted-average assumptions:

			Fiscal Year
			2024						2023						2022
Expected life (in years)			6.0						6.0						6.0
Expected volatility			37		%				36		%				33		%
Risk-free interest rate			4.4		%				3.8		%				2.7		%
Expected dividend yield			0		%				0		%				0		%

Schedule of Restricted Stock and Restricted Stock Unit Activity

The following table summarizes the restricted stock units activity for fiscal year 2024:

			Restricted Stock Units						Weighted Average Grant Date Fair Value
			(in thousands)
December 30, 2023			469						$	212.30
Granted			241						$	209.49
Vested			(161)						$	209.62
Canceled			(55)						$	214.16
December 28, 2024			494						$	211.59

Schedule of Information about PSUs and Related Weighted-Average Assumptions

The Company utilizes a Monte Carlo simulation valuation model to value these awards. Information pertaining to the Company’s PSUs and the related estimated weighted-average assumptions used to calculate their fair value were as follows:

			Fiscal Year
			2024						2023						2022
			(shares in thousands)
PSUs granted			136						146						134
Weighted average grant date fair value			$	213.99					$	204.40					$	210.42
Key assumptions:
Expected volatility			37		%				37		%				39		%
Risk-free interest rate			4.7		%				4.2		%				2.6		%
Expected dividend yield			0		%				0		%				0		%
Total shareholder return of 20-trading day average stock price on grant date			(5.8)		%				(9.8)		%				(32.7)		%

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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.

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