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Stockholders' Equity | 9 Months Ended
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Sep. 27, 2024
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders’ Equity Equity Awards The following table reflects the activity of RSAs and RSUs during the thirty-nine weeks ended September 27, 2024:
|  | Time-based |  | Performance-based |  | Market-based
|  | Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value
Unvested at December 29, 2023 |  | 461,752 |  |  | $ | 32.13 |  |  | 1,078,169 |  |  | $ | 32.88 |  |  | 421,056 |  |  | $ | 30.00 |
Granted |  | 259,522 |  |  | 38.25 |  |  | 313,188 |  |  | 38.53 |  |  | 55,270 |  |  | 34.68 |
Vested |  | (230,684) |  |  | 31.87 |  |  | (172,232) |  |  | 32.07 |  |  | (166,343) |  |  | 31.43 |
Forfeited |  | (7,945) |  |  | 34.62 |  |  | (337,625) |  |  | 33.55 |  |  | (6,947) |  |  | 31.39 |
Unvested at September 27, 2024 |  | 482,645 |  |  | $ | 35.50 |  |  | 881,500 |  |  | $ | 34.79 |  |  | 303,036 |  |  | $ | 30.04 |
The Company granted 627,980 RSAs and RSUs to its employees and directors at a weighted average grant date fair value of $38.08 during the thirty-nine weeks ended September 27, 2024. These awards are a mix of time-, market- and performance-based grants that generally vest over a range of periods up to 5 years. The Company recognized expense on its RSAs and RSUs totaling $3,813 and $4,730 during the thirteen weeks ended September 27, 2024 and September 29, 2023, respectively, and $11,349 and $14,224 during the thirty-nine weeks ended September 27, 2024 and September 29, 2023, respectively. At September 27, 2024, the total unrecognized compensation cost for unvested RSAs and RSUs was $23,897 and the weighted-average remaining period was approximately 1.7 years. Of this total, $12,990 related to awards with time-based vesting provisions and $10,907 related to awards with performance- and market-based vesting provisions. At September 27, 2024, the weighted-average remaining period for time-based vesting and performance-based vesting RSAs and RSUs were approximately 1.6 years and 1.9 years, respectively. No share-based compensation expense has been capitalized. Share Repurchase Program In November 2023, the Company announced a two-year share repurchase program in an amount up to $100,000, targeting $25,000 to $100,000 of share repurchases by the end of fiscal 2025. The remaining share purchase authorization was $90,000 at September 27, 2024. The Company is not obligated to repurchase any specific number of shares and may suspend or discontinue the program at any time.

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