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EQUITY-BASED COMPENSATION (Tables)
 9 Months Ended
Oct. 01, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Roll Forward
A summary of the Company’s stock option activity is as follows:
Weighted Average
($ in thousands except per share amounts)Number Of OptionsExercise PriceRemaining Contractual Term (Years)Aggregate Intrinsic Value
Outstanding - December 26, 20211,431,771 $4.45 5.8$3,828 
Granted459,066 6.75 
Exercised(13,608)2.39 
Forfeited or expired(10,800)2.70 
Outstanding - October 2, 20221,866,429 $5.04 6.1$5,424 
Exercisable - October 2, 20221,344,153 $4.37 4.9
Vested and expected to vest - October 2, 20221,866,429 $5.04 6.1$5,424 
Outstanding - December 25, 20221,863,099 $5.04 5.9$8,444 
Granted1,373,215 19.61 
Exercised(61,748)4.75 
Forfeited or expired(79,741)9.47 
Outstanding - October 1, 20233,094,825 $11.40 7.0$59,508 
Exercisable - October 1, 20231,457,407 $4.69 4.2
Vested and expected to vest - October 1, 20233,094,825 $11.40 7.0$59,508 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions The following table reflects the weighted-average assumptions utilized in the Black-Scholes option pricing model during the periods indicated:
Forty Weeks Ended
October 1,
2023		October 2,
2022
Expected term (in years)1
6.46.2
Volatility2
46.0%45.0%
Risk-free interest rate3.8%1.7%
Dividend rate—%—%
Weighted-average grant date fair value per share$9.98$2.97
(1) Expected life was calculated using the simplified method, which is an average of the contractual term and vesting period of the option, as we do not have sufficient historical data for determining the expected term of our stock option awards.
(2) Volatility was based on a group of industry peers with sufficient history.
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
A summary of the Company’s restricted stock unit activity is as follows:
($ in thousands, except per share amounts)Number of UnitsWeighted-Average Grant Date Fair ValueAggregate Intrinsic Value
Non-vested - December 26, 2021
1,486,977 $3.08 $10,032 
Granted880,656 6.74 
Vested(298,605)2.76 
Forfeited(149,607)3.55 
Non-vested - October 2, 20221,919,421 $4.76 $15,240 
Non-vested - December 25, 20221,775,988 $4.76 $16,996 
Granted1,697,450 17.51 
Vested(457,545)4.56 
Forfeited(230,219)7.53 
Non-vested - October 1, 20232,785,674 $12.35 $85,297