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EQUITY-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 27, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Equity-Based Compensation Expense Recognized | A summary of equity-based compensation expense by award type was as follows:
|  | 2023 |  | 2022 |  | 2021
Stock options | $ | — |  |  | $ | — |  |  | $ | 3 |
Performance stock units | 3,149 |  |  | 4,199 |  |  | 3,471 |
Restricted stock units | 11,739 |  |  | 9,127 |  |  | 5,229 |
Equity-based compensation expense | $ | 14,888 |  |  | $ | 13,326 |  |  | $ | 8,703 |
Total income tax benefit recognized related to equity-based compensation | $ | 391 |  |  | $ | 302 |  |  | $ | 223 |
Equity-based compensation expense recognized was as follows:
|  | 2023 |  | 2022 |  | 2021
General and administrative expenses | $ | 13,587 |  |  | $ | 12,305 |  |  | $ | 7,907 |
Labor and related expenses | 1,301 |  |  | 1,021 |  |  | 796 |
Equity-based compensation expense | $ | 14,888 |  |  | $ | 13,326 |  |  | $ | 8,703 |
Summary of Restricted Stock Unit Activity | A summary of restricted stock unit activity was as follows:
|  | Restricted Stock Units |  | Weighted Average Grant Date Fair Value
Outstanding as of December 28, 2022 | 395,853 |  |  | $ | 76.82 |
| Granted | 326,692 |  |  | 58.26 |
| Vested | (147,163) |  |  | 70.29 |
| Forfeited | (63,838) |  |  | 68.94 |
Outstanding as of December 27, 2023 | 511,544 |  |  | $ | 67.82 |
Share-Based Payment Arrangement, Activity | A summary of performance stock unit activity was as follows:
|  | Performance Stock Units |  | Weighted Average Grant Date Fair Value
Outstanding as of December 28, 2022 | 159,822 |  |  | $ | 92.22 |
| Granted | — |  |  | — |
| Performance achievement(1) | — |  |  | — |
| Vested | (25,494) |  |  | 91.36 |
| Forfeited | (12,903) |  |  | 88.70 |
Outstanding as of December 27, 2023 | 121,425 |  |  | $ | 92.77 |
(1)Represents the incremental awards earned and/or awards forfeited based on the achievement of performance conditions.
Schedule of Fair Value of Stock Options | The fair value of stock option awards was determined on the grant date using the Black-Scholes valuation model based on the following weighted average assumptions:
| 2023 |  | 2022 |  | 2021
Expected term (years)(1) | 0 |  | 0 |  | 7.5
Expected volatility(2) | — | % |  | — | % |  | 45.4 | %
Risk-free interest rate(3) | — | % |  | — | % |  | 1.4 | %
Dividend yield(4) | — | % |  | — | % |  | — | %
(1)Expected term represents the estimated period of time until an award is exercised and was determined using the simplified method. (2)Expected volatility is based on the historical volatility of a selected peer group over a period equivalent to the expected term. (3)The risk-free rate is an interpolation of yields on U.S. Treasury securities with maturities equivalent to the expected term. (4)A dividend yield of zero was used as the Company have no plans to declare dividends in the foreseeable future.
Schedule of Stock Options, Activity | A summary of stock option activity was as follows:
|  | Stock Options |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value |  | Weighted Average Remaining Contractual Life (Years)
Outstanding as of December 28, 2022 | 134,031 |  |  | $ | 21.88 |  |  |  |  |
| Granted | — |  |  | — |  |  |  |  |
| Exercised | (33,406) |  |  | 22.39 |  |  |  |  |
| Forfeited | — |  |  | — |  |  |  |  |
Outstanding as of December 27, 2023 | 100,625 |  |  | $ | 21.71 |  |  | $ | 5,457 |  |  | 1.2
Options vested and exercisable as of December 27, 2023 | 100,625 |  |  | $ | 21.71 |  |  | $ | 5,457 |  |  | 1.2
Options expected to vest as of December 27, 2023 | — |  |  | $ | — |  |  | $ | — |  |  | —
Schedule of Information About Stock Options | The following table summarizes information about stock options outstanding and exercisable as December 27, 2023:
|  |  | Options Outstanding and Exercisable |  |
|  |  | Number Outstanding at December 27, 2023 |  | Weighted Average Remaining Contractual Life (Years) |  | Weighted Average Exercise Price |  |  |  |  |  |
Exercise Price |  |  |  |  |  |
$ | 21.00 |  |  |  | 95,511 |  |  | 1.1 |  | $ | 21.00 |  |  |  |  |  |  |
$ | 34.62 |  |  |  | 4,006 |  |  | 2.4 |  | $ | 34.62 |  |  |  |  |  |  |
$ | 36.41 |  |  |  | 1,108 |  |  | 2.9 |  | $ | 36.41 |  |  |  |  |  |  |

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