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Stock-Based Compensation (Tables) | 3 Months Ended
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Mar. 29, 2025
Stock-Based Compensation [Abstract] |
Summary of Recognized Stock-based Compensation Expense | The following table summarizes stock-based compensation expense recognized:
|  | Fiscal quarters ended |
|  | March 29, 2025 |  |  | March 30, 2024 |
Restricted stock units ("RSUs") |  | $ | 5,968 |  |  | $ | 5,226 |
Phantom stock units |  |  | 83 |  |  |  | 118 |
Total |  | $ | 6,051 |  |  | $ | 5,344 |
Summary of Unrecognized Compensation Cost and Weighted Average Remaining Amortization Periods | The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at March 29, 2025 (amortization periods in years):
|  | Unrecognized Compensation Cost |  |  | Weighted Average Remaining Amortization Periods |
Restricted stock units |  | $ | 34,156 |  |  |  | 2.3 |
Phantom stock units |  |  | - |  |  |  | n/a |
Total |  | $ | 34,156 |  |  |  |  |
RSU Activity | RSU activity as of March 29, 2025 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, 2025 |  |  | 2,628 |  |  | $ | 21.37 |
Granted |  |  | 873 |  |  |  | 19.33 |
Vested* |  |  | (728 | ) |  |  | 21.76 |
Cancelled or forfeited |  |  | (116 | ) |  |  | 20.97 |
Outstanding at March 29, 2025 |  |  | 2,657 |  |  | $ | 20.61 |
Expected to vest at March 29, 2025 |  |  | 1,985 |  |  |  |  |
* The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements.
RSUs with Performance-Based Vesting Criteria | 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, 2026 |  |  | - |  |  |  | 137 |  |  |  | 137 |
January 1, 2027 |  |  | - |  |  |  | 549 |  |  |  | 549 |
January 1, 2028 |  |  | 433 |  |  |  | - |  |  |  | 433 |
March 1, 2029 |  |  | 175 |  |  |  | - |  |  |  | 175 |
Phantom Stock Unit Activity Under the Phantom Stock Plan | 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, 2025 |  |  | 128 |  |  |
Granted |  |  | 5 |  |  | $ | 16.69 |
Dividend equivalents issued |  |  | 1 |  |  |  |  |
Outstanding at March 29, 2025 |  |  | 134 |  |  |  |  |

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