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Common Stock and Stock-Based Compensation (Tables)

9 Months Ended

Sep. 28, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock Options under Employee Equity Incentive Plan and Stock Option Plan for Non-Employee Directors

Information related to stock options under the Restated Employee Equity Incentive Plan and the Stock Option Plan for Non-Employee Directors and upper management is summarized as follows:

		Shares				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Term in Years				Aggregate Intrinsic Value (in thousands)
Outstanding at December 30, 2023			207,810			$	361.53
Granted			25,635				299.57
Exercised			(6,164	)			204.25
Forfeited/ Expired			(15,487	)			383.46
Outstanding at September 28, 2024			211,794			$	357.00				5.14			$	5,004
Exercisable at September 28, 2024			128,930			$	326.59				4.10			$	4,756
Vested and expected to vest at September 28, 2024			191,971			$	360.56				5.01			$	4,965

Weighted Average Assumptions used to Estimate Fair Value of Stock Options

Weighted average assumptions used to estimate fair values of stock options on the date of grants are as follows:

		2024
Expected Volatility			40.0	%
Risk-free interest rate			4.2	%
Expected Dividends			0.0	%
Exercise factor			2.1
Discount for post-vesting restrictions			0.0	%

Summary of Vesting Activities of Shares Issued Under Investment Share Program and Restricted Stock Units

The following table summarizes vesting activities of shares issued under the investment share program and restricted stock units:

		Number of Shares				Weighted Average Fair Value
Non-vested at December 30, 2023			114,797			$	373.56
Granted			86,601				290.19
Vested			(32,823	)			381.95
Forfeited			(4,212	)			320.93
Non-vested at September 28, 2024			164,363			$	329.30

Stock-Based Compensation Expense Included in Operating Expenses

The following table provides information regarding stock-based compensation expense included in operating expenses in the accompanying condensed consolidated statements of comprehensive operations:

		Thirteen weeks ended								Thirty-nine weeks ended
		September 28, 2024				September 30, 2023				September 28, 2024				September 30, 2023
		(in thousands)								(in thousands)
Amounts included in advertising, promotional and selling expenses		$	1,310			$	1,370			$	5,241			$	4,952
Amounts included in general and administrative expenses		$	2,368			$	2,677			$	9,445			$	7,361
Total stock-based compensation expense		$	3,678			$	4,047			$	14,686			$	12,313

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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