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Share-Based Compensation | 6 Months Ended
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Jun. 28, 2025
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | NOTE 10. Share-Based Compensation The following table presents the detail of share-based compensation expense amounts included in the Company’s Condensed Consolidated Statement of Operations:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 28, |  |  | June 29, |  |  | June 28, |  |  | June 29, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Cost of revenue |  | $ | 895 |  |  | $ | 1,408 |  |  | $ | 2,002 |  |  | $ | 2,545 |
Research and development |  |  | 1,292 |  |  |  | 1,976 |  |  |  | 2,354 |  |  |  | 3,262 |
Sales and marketing |  |  | 651 |  |  |  | 1,569 |  |  |  | 1,990 |  |  |  | 2,786 |
General and administrative |  |  | 3,362 |  |  |  | 3,291 |  |  |  | 6,668 |  |  |  | 6,137 |
Restructuring and other |  |  | 478 |  |  |  | — |  |  |  | 478 |  |  |  | — |
Total share-based compensation expense |  | $ | 6,678 |  |  | $ | 8,244 |  |  | $ | 13,492 |  |  | $ | 14,730 |
As of June 28, 2025, there was $48.4 million of total unrecognized compensation cost related to restricted stock units granted under the Company’s stock plans. That cost is expected to be recognized over a weighted average period of 2.2 years following June 28, 2025. Equity Awards The Company granted the following restricted stock units (“RSUs” and each, an “RSU”) and market-based performance restricted stock units (“PSUs” and each, a “PSU”) during the six months ended June 28, 2025:
Awards Granted To: |  | Type of Award |  | Number of Shares (in thousands) |  |  | Weighted Average Grant Date Fair Value Per Share |
Directors |  | RSU (1) |  |  | 13 |  |  | $ | 94.62 |
Various executives and employees |  | RSU (2) |  |  | 249 |  |  | $ | 101.25 |
Various executives |  | PSU (3) |  |  | 49 |  |  | $ | 140.94 |
(1) These awards cliff vest one year from the grant date on May 21, 2026 |
(2) These awards generally vest ratably over three years, one third per year beginning on the first anniversary of the grant date. These RSUs will fully vest on various dates between December 2027 and June 2028. |
(3) These awards include PSUs with market performance conditions that will be evaluated relative to the performance of certain peers as defined in the award agreement. The number of units that ultimately vest on March 3, 2027 and March 3, 2028 will be from 0% and 200%, depending on achievement of these performance criteria. Total grant date value of these PRSUs is approximately $6.9 million and was valued using the Monte Carlo method. |

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