XML 44 R34.htm IDEA: XBRL DOCUMENT v3.25.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 29, 2025
Share-Based Payment Arrangement [Abstract]  
Performance-Based Restricted Stock Units Activity PRU activity for the year ended December 29, 2025 was as follows:

 

 

 

Shares

 

 

Weighted Average
Fair Value

 

 

 

(In thousands)

 

 

 

 

Outstanding shares as of December 30, 2024

 

 

329

 

 

$

20.14

 

Granted

 

 

371

 

 

 

46.12

 

Vested

 

 

(372

)

 

 

19.82

 

Forfeited / cancelled

 

 

102

 

 

 

31.34

 

Change in units due to annual performance achievement

 

 

52

 

 

 

61.73

 

Outstanding shares as of December 29, 2025

 

 

482

 

 

$

47.26

 

Assumptions Used in Determining Fair Value The following assumptions were used in determining the fair value:

 

 

 

For the Year Ended

 

 

 

December 29, 2025 (1)

 

 

December 30, 2024 (2)

 

 

January 1, 2024 (3)

 

Weighted-average fair value

 

$

46.11

 

 

$

19.51

 

 

$

16.36

 

Risk-free interest rate

 

 

3.99

%

 

 

4.42

%

 

 

4.46

%

Expected volatility

 

 

39

%

 

 

41

%

 

 

42

%

 

(1)
Reflects the weighted-averages for the third year of the three-year performance period applicable to PRUs granted in 2023, the second year of the three-year performance period applicable to PRUs granted in 2024, and the first year of the three-year performance period applicable to PRUs granted in 2025.
(2)
Reflects the weighted-averages for the third year of the three-year performance period applicable to PRUs granted in 2022, the second year of the three-year performance period applicable to PRUs granted in 2023, and the first year of the three-year performance period applicable to PRUs granted in 2024.
(3)
Reflects the weighted-averages for the third year of the three-year performance period applicable to PRUs granted in 2021, the second year of the three-year performance period applicable to PRUs granted in 2022, and the first year of the three-year performance period applicable to PRUs granted in 2023.
Restricted Stock Units Activity

RSU activity for the year ended December 29, 2025 was as follows:

 

 

 

Shares

 

 

Weighted Average
Grant-Date Fair Value

 

 

 

(In thousands)

 

 

 

 

Non-vested RSUs outstanding as of December 30, 2024

 

 

3,465

 

 

$

16.47

 

Granted

 

 

1,197

 

 

 

38.03

 

Vested

 

 

(1,730

)

 

 

15.27

 

Cancelled

 

 

(163

)

 

 

19.62

 

Non-vested RSUs outstanding as of December 29, 2025

 

 

2,769

 

 

$

26.23

 

Vested and expected to vest through 2028 as of December 29, 2025

 

 

3,381

 

 

$

23.80

 

Amounts Recognized in Consolidated Financial Statements of Operations with Respect to Stock Based Compensation Plan

Stock-based compensation expense recognized in the accompanying consolidated statements of operations was as follows:

 

 

 

For the Year Ended

 

 

 

December 29, 2025

 

 

December 30, 2024

 

 

January 1, 2024

 

 

 

(In thousands)

 

Cost of goods sold

 

$

12,866

 

 

$

9,342

 

 

$

7,455

 

Selling and marketing

 

 

4,648

 

 

 

3,845

 

 

 

3,205

 

General and administrative

 

 

23,616

 

 

 

15,322

 

 

 

11,088

 

Research and development

 

 

538

 

 

 

1,271

 

 

 

1,139

 

Total

 

$

41,668

 

 

$

29,780

 

 

$

22,887

 

Summary of Unrecognized Compensation Costs

A summary of total unrecognized compensation costs as of December 29, 2025 is as follows:

 

 

 

Unrecognized Stock-Based
Compensation Cost

 

 

Remaining Weighted Average
Recognition Period

 

 

 

(In thousands)

 

 

(In years)

 

RSU awards

 

$

55,306

 

 

 

1.5

 

PRU awards

 

 

14,746

 

 

 

1.7

 

Total

 

$

70,052