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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 27, 2025
Stock-Based Compensation [Abstract] |
Summary of Recognized Stock-based Compensation Expense | The following table summarizes stock-based compensation expense recognized:
| Fiscal quarters ended |  | Nine fiscal months ended |
| September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024 |
Restricted stock units ("RSUs") |  | $ | 5,899 |  |  | $ | 5,635 |  |  | $ | 17,552 |  |  |  | 14,810 |
Phantom stock units |  |  | - |  |  |  | - |  |  |  | 83 |  |  |  | 118 |
Total |  | $ | 5,899 |  |  | $ | 5,635 |  |  | $ | 17,635 |  |  |  | 14,928 |
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 September 27, 2025 (amortization periods in years):
| Unrecognized Compensation Cost |  | Weighted Average Remaining Amortization Periods |
Restricted stock units |  | $ | 32,559 |  |  |  | 2.0 |
Phantom stock units |  |  | - |  |  |  | n/a |
Total |  | $ | 32,559 |  |  |  |  |
RSU Activity | RSU activity under the Company's stock incentive programs as of September 27, 2025 and changes during the nine 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* |  |  | 1,889 |  |  |  | 15.11 |
Vested** |  |  | (772 | ) |  |  | 21.78 |
Cancelled or forfeited |  |  | (203 | ) |  |  | 19.89 |
Outstanding at September 27, 2025 |  |  | 3,542 |  |  | $ | 18.03 |
Expected to vest at September 27, 2025 |  |  | 2,571 |  |  |  |  |
* Employees in certain countries are granted equity-linked awards that will be settled in cash and are accounted for as liability awards. The liability awards are not material. The number of RSUs granted excludes these awards. ** 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 |  |  | - |  |  |  | 533 |  |  |  | 533 |
January 1, 2028 |  |  | 569 |  |  |  | 301 |  |  |  | 870 |
March 1, 2029 |  |  | 175 |  |  |  | - |  |  |  | 175 |
Phantom Stock Unit Activity Under the Phantom Stock Plan | Phantom stock unit activity as of September 27, 2025 and changes during the nine fiscal months then ended are presented below (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 |  |  | 3 |  |  |  |  |
Outstanding at September 27, 2025 |  |  | 136 |  |  |  |  |

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