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Common Stock and Stock-Based Compensation (Tables)
9 Months Ended
Sep. 27, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Options under Restated Employee Equity Incentive Plan and Equity Plan for Non-Employee Directors

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

 

 

 

Shares

 

 

Weighted-
Average
Exercise Price

 

 

Weighted-
Average
Remaining
Contractual
Term in Years

 

 

Aggregate
Intrinsic
Value
(in thousands)

 

Outstanding at December 28, 2024

 

 

209,794

 

 

$

358.48

 

 

 

 

 

 

 

Granted

 

 

80,195

 

 

 

243.63

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Forfeited/ Expired

 

 

(80,399

)

 

 

273.63

 

 

 

 

 

 

 

Outstanding at September 27, 2025

 

 

209,590

 

 

$

347.03

 

 

 

4.53

 

 

$

1,237

 

Exercisable at September 27, 2025

 

 

142,633

 

 

$

348.90

 

 

 

3.29

 

 

$

1,237

 

Vested and expected to vest at September 27, 2025

 

 

206,762

 

 

$

351.90

 

 

 

4.39

 

 

$

1,237

 

 

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:

 

 

 

2025

Expected volatility

 

40.5%

Risk-free interest rate

 

4.3%

Expected dividends

 

0%

Exercise factor

 

2.1

Discount for post-vesting restrictions

 

0%

Summary of Vesting Activities of Restricted Stock Units and Investment Share Program under Restated Employee Equity Incentive Plan and Restricted Stock Units under Equity Plan For Non-employee Directors

Information related to vesting activities of restricted stock units and investment share program under the Restated Employee Equity Incentive Plan and restricted stock units under the Equity Plan for Non-Employee Directors is summarized as follows:

 

 

 

Number of Shares

 

 

Weighted Average Fair Value

 

Non-vested at December 28. 2024

 

 

164,551

 

 

$

328.88

 

Granted

 

 

144,771

 

 

 

231.92

 

Vested

 

 

(46,927

)

 

 

343.91

 

Forfeited

 

 

(33,249

)

 

 

300.46

 

Non-vested at September 27, 2025

 

 

229,146

 

 

$

268.67

 

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 27, 2025

 

 

September 28, 2024

 

 

September 27,
2025

 

 

September 28,
2024

 

 

 

(in thousands)

 

 

(in thousands)

 

Amounts included in advertising, promotional and selling expenses

 

$

1,687

 

 

$

1,310

 

 

$

5,691

 

 

$

5,241

 

Amounts included in general and administrative expenses

 

 

1,797

 

 

 

2,368

 

 

 

8,717

 

 

 

9,445

 

Total stock-based compensation expense

 

$

3,484

 

 

$

3,678

 

 

$

14,408

 

 

$

14,686