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Stockholders’ Equity and Stock-Based Compensation (Tables)

6 Months Ended

Jun. 28, 2025

Equity [Abstract]

Schedule of Restricted Stock Unit Activity

Restricted stock unit (“RSU”) activity under our equity incentive plan was as follows:

			Units						Weighted Average Grant Date Fair Value
RSUs at December 28, 2024			1,776,743						$	39.07
Awards granted			65,964						32.27
Awards vested			(312,849)						37.56
Awards forfeited			(67,548)						37.21
RSUs at June 28, 2025			1,462,310						39.38

Schedule of ESPP Activity

Information related to activity under our Employee Stock Purchase Plan (“ESPP”) was as follows:

						Six Months Ended
						June 28, 2025
Shares issued						197,051
Weighted average per share purchase price						$	33.37
Weighted average per share discount from the fair value of our common stock on the date of issuance						$	(6.69)

Schedule of Stock-based Compensation

Stock-based compensation was included in our Condensed Consolidated Statements of Income as follows (in thousands):

			Three Months Ended												Six Months Ended
			June 28, 2025						June 29, 2024						June 28, 2025						June 29, 2024
Cost of revenues			$	1,690					$	1,932					$	3,695					$	3,860
Research and development			2,536						2,614						5,182						5,227
Selling, general and administrative			5,165						5,663						10,310						11,527
Total stock-based compensation			$	9,391					$	10,209					$	19,187					$	20,614

Schedule of Unrecognized Stock-based Compensation

At June 28, 2025, the unrecognized stock-based compensation was as follows (dollars in thousands): 

			Unrecognized Expense						Average Expected Recognition Period in Years
Restricted stock units			$	29,396					1.62
Performance restricted stock units			6,219						1.63
Employee stock purchase plan			320						0.09
Total unrecognized stock-based compensation expense			$	35,935					1.61

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