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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 28, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Additional Information Regarding Stock Based Compensation

Certain information regarding our stock-based compensation was as follows (in thousands, except per share amounts):

			Fiscal Year Ended
			December 28, 2024						December 30, 2023						December 31, 2022
Weighted average grant date per share fair value of RSUs granted			$	44.13					$	33.85					$	34.83
Fair value of RSUs vested			53,990						32,820						42,324

Schedule of Stock-based Compensation Expense

Pre-tax stock-based compensation expense by financial statement line and related tax benefit in the Consolidated Statements of Income are as follows (in thousands):

			Fiscal Year Ended
			December 28, 2024						December 30, 2023						December 31, 2022
Stock-based compensation expense included in:
Cost of revenues			$	7,738					$	6,854					$	3,807
Research and development			10,721						10,652						8,217
Selling, general and administrative			21,304						21,110						19,313
Total stock-based compensation			$	39,763					$	38,616					$	31,337
Stock-based compensation tax benefit (expense)			$	2,833					$	(1,424)					$	2,772

Schedule of Unrecognized Compensation Expense

Unrecognized stock-based compensation expense at December 28, 2024 consisted of the following (in thousands):

						Unrecognized Expense						Weighted Average Recognition Period (Years)
Restricted stock units						$	43,768					1.9
Performance restricted stock units						9,357						1.9
Employee stock purchase plan						474						0.1
Total unrecognized stock-based compensation expense						$	53,599					1.9

Schedule of Assumptions, Fair Value of PRSUs

The following assumptions were used in estimating the fair value of PRSUs:

			Fiscal Year Ended
			December 28, 2024						December 30, 2023						December 31, 2022
PRSUs:
Dividend yield			—		%				—		%				—		%
Expected volatility			50.8		%				50.7		%				53.0		%
Risk-free interest rate			3.7		%				4.4		%				2.8		%
Expected life (in years)			2.9						2.9						2.9

Schedule of Assumptions, Fair Value of Employee Purchase Rights

The following assumptions were used in estimating the fair value of shares under the Employee Stock Purchase Plan:

			Fiscal Year Ended
			December 28, 2024						December 30, 2023						December 31, 2022
Employee Stock Purchase Plan:
Dividend yield			—		%				—		%				—		%
Expected volatility			40.4% - 58.7%						40.6% - 60.2%						42.6% - 60.8%
Risk-free interest rate			4.7% - 5.5%						0.8% - 5.5%						0.1% - 3.0%
Expected life (in years)			0.5 - 1.0						0.5 - 1.0						0.5 - 1.0

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