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Stockholders’ Equity and Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 27, 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 | 1,149,684 |  |  | 28.68 |
Awards vested | (763,064) |  |  | 37.28 |
Awards forfeited | (115,816) |  |  | 38.58 |
RSUs at September 27, 2025 | 2,047,547 |  |  | 34.08 |
Schedule of ESPP Activity | Information related to activity under our Employee Stock Purchase Plan (“ESPP”) was as follows:
|  | Nine Months Ended
|  | September 27, 2025
Shares issued |  | 385,189 |
Weighted average per share purchase price |  | $ | 28.87 |
Weighted average per share discount from the fair value of our common stock on the date of issuance |  | $ | (5.50) |
Schedule of Stock-based Compensation | Stock-based compensation was included in our Condensed Consolidated Statements of Income as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024
Cost of revenues | $ | 1,941 |  |  | $ | 1,934 |  |  | $ | 5,636 |  |  | $ | 5,794 |
Research and development | 2,525 |  |  | 2,679 |  |  | 7,707 |  |  | 7,906 |
Selling, general and administrative | 5,050 |  |  | 4,323 |  |  | 15,360 |  |  | 15,850 |
Total stock-based compensation | $ | 9,516 |  |  | $ | 8,936 |  |  | $ | 28,703 |  |  | $ | 29,550 |
Schedule of Unrecognized Stock-based Compensation | At September 27, 2025, the unrecognized stock-based compensation was as follows (dollars in thousands):
| Unrecognized Expense |  | Average Expected Recognition Period in Years
Restricted stock units | $ | 47,367 |  |  | 2.18
Performance restricted stock units | 10,318 |  |  | 2.09
Employee stock purchase plan | 1,852 |  |  | 0.35
Total unrecognized stock-based compensation expense | $ | 59,537 |  |  | 2.10

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