XML 30 R20.htm IDEA: XBRL DOCUMENT v3.22.2

Stock-Based Compensation (Tables)

3 Months Ended

Jun. 25, 2022

Stock-Based Compensation

Schedule of stock award activity

The following table summarizes the stock award activity for the thirteen weeks ended June 25, 2022:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Grant Date		​	Weighted	​	​	​
​	​	​	​	Weighted		​	Average	​	Aggregate
​	​	Stock	​	Average		​	Remaining	​	Intrinsic
​		Options		Exercise Price			Contractual Life		Value
​	​	​	​	​	​	​	(in years)	​	(in thousands)
Outstanding at March 26, 2022		728,079	​	$	23.44	​	​	​	​	​
Granted		86,189	​	$	86.96	​	​	​	​	​
Exercised	​	(11,212)	​	$	22.03	​	​	​	$	610
Cancelled, forfeited or expired		—	​	$	—	​	​	​	​	​
Outstanding at June 25, 2022		803,056	​	$	30.28		6.6	​	$	39,189
Vested and expected to vest after June 25, 2022		803,056	​	$	30.28		6.6	​	$	39,189
Exercisable at June 25, 2022		293,267	​	$	19.49		5.0	​	$	17,196

Schedule of non-vested stock options

A summary of the status of non-vested stock options as of June 25, 2022 including changes during the thirteen weeks ended June 25, 2022 is presented below:

​

​	​	​	​	​	​
​		​		Weighted-
​	​	​	​	Average
​	​	​	​	Grant Date
​		Shares		Fair Value
Nonvested at March 26, 2022		626,976	​	$	9.14
Granted		86,189	​	$	46.41
Vested		(203,376)	​	$	8.04
Nonvested shares forfeited		—	​	$	—
Nonvested at June 25, 2022		509,789	​	$	15.88

CEO

Stock-Based Compensation

Schedule of assumptions used to determine fair value of stock options

The following significant assumptions were used as of May 12, 2022, the date of grant:

​

​	​	​	​	​
Stock price		$	86.96
Exercise price	​	$	86.96	​
Expected option term (1)	​		6.5	years
Expected volatility (2)	​		65.9	%
Risk-free interest rate (3)	​	​	2.8	%
Expected annual dividend yield	​	​	0	%

(1) The Company has limited historical information regarding expected option term. Accordingly, the Company determined the expected life of the options using the simplified method.

(2) Stock volatility for each grant is measured using the weighted average of historical daily price changes of the Company’s stock over the most recent period equal to the expected option term of the Company’s awards.

(3) The risk-free interest rate is determined using the rate on treasury securities with the same term.

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	srt_TitleOfIndividualAxis=srt_ChiefExecutiveOfficerMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: