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EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

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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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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