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Stock-Based Compensation | 3 Months Ended
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Mar. 30, 2024
Stock-Based Compensation [Abstract] |
Stock-Based Compensation | Note 10 – Stock-Based Compensation The following table summarizes stock-based compensation expense recognized:
|  | Fiscal quarters ended |
|  | March 30, 2024 |  |  | April 1, 2023 |
Restricted stock units ("RSUs") |  | $ | 5,226 |  |  | $ | 2,858 |
Phantom stock units |  |  | 118 |  |  |  | 107 |
Total |  | $ | 5,344 |  |  | $ | 2,965 |
The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at March 30, 2024 (amortization periods in years):
|  | Unrecognized Compensation Cost |  |  | Weighted Average Remaining Amortization Periods |
Restricted stock units |  | $ | 19,166 |  |  |  | 1.9 |
Phantom stock units |  |  | - |  |  |  | n/a |
Total |  | $ | 19,166 |  |  |  |  |
Restricted Stock Units RSU activity as of March 30, 2024 and changes during the three fiscal months then ended are presented below (number of RSUs in thousands):
|  | Number of RSUs |  |  | Weighted Average Grant-date Fair Value per Unit |
Outstanding: |  |  |  |  |  |
January 1, 2024 |  |  | 1,717 |  |  | $ | 23.03 |
Granted |  |  | 544 |  |  |  | 18.09 |
Vested* |  |  | (559 | ) |  |  | 23.07 |
Cancelled or forfeited |  |  | (26 | ) |  |  | 23.96 |
Outstanding at March 30, 2024 |  |  | 1,676 |  |  | $ | 21.40 |
Expected to vest at March 30, 2024 |  |  | 1,415 |  |  |  |  |
* The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements. The number of performance-based RSUs that are scheduled to vest increases ratably based on the achievement of defined performance and market criteria between the established target and maximum levels. RSUs with performance-based and market-based vesting criteria are expected to vest as follows (number of RSUs in thousands):
Vesting Date |  | Expected to Vest |  |  | Not Expected to Vest |  |  | Total |
January 1, 2025 |  |  | 168 |  |  |  | - |  |  |  | 168 |
January 1, 2026 |  |  | - |  |  |  | 167 |  |  |  | 167 |
January 1, 2027 |  |  | 140 |  |  |  | 94 |  |  |  | 234 |
Phantom Stock Units The following table summarizes the Company's phantom stock units activity (number of phantom stock units in thousands):
|  | Number of units |  | Grant-date Fair Value per Unit |
Outstanding: |  |  |  |  |
January 1, 2024 |  |  | 120 |  |  |
Granted |  |  | 5 |  |  | $ | 23.51 |
Dividend equivalents issued |  |  | 1 |  |  |  |  |
Outstanding at March 30, 2024 |  |  | 126 |  |  |  |  |

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