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Stock-Based Compensation | 6 Months Ended
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Jul. 04, 2026
Stock-Based Compensation [Abstract] |
Stock-Based Compensation | Note 9 – Stock-Based Compensation The following table summarizes stock-based compensation expense recognized:
| Fiscal quarters ended |  | Six fiscal months ended
|  | July 4, 2026 |  |  |  | June 28, 2025 |  |  |  | July 4, 2026 |  |  |  | June 28, 2025 |
Restricted stock units ("RSUs") | $ | 7,783 |  |  | $ | 5,685 |  |  | $ | 19,980 |  |  | $ | 11,653 |
Phantom stock units |  | - |  |  |  | - |  |  |  | 76 |  |  |  | 83 |
Total | $ | 7,783 |  |  | $ | 5,685 |  |  | $ | 20,056 |  |  | $ | 11,736 |
The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at July 4, 2026 (amortization periods in years):
|  |  |  |  |  | Weighted |
|  |  |  |  |  | Average |
|  | Unrecognized |  |  |  | Remaining |
|  | Compensation |  |  |  | Amortization |
|  | Cost |  |  |  | Periods |
Restricted stock units | $ | 67,888 |  |  |  | 1.9 |
Phantom stock units |  | - |  |  |  | n/a |
Total | $ | 67,888 |  |  |  |  |
Restricted Stock Units RSU activity as of July 4, 2026 and changes during the six fiscal months then ended are presented below (number of RSUs in thousands):
|  |  |  |  |  | Weighted |
|  |  |  |  |  | Average |
|  |  |  |  |  | Grant-date |
|  | Number of |  |  |  | Fair Value per |
|  | RSUs |  |  |  | Unit |
Outstanding: |  |  |  |  |  |  |
January 1, 2026 |  | 3,485 |  |  | $ | 18.00 |
Granted |  | 1,846 |  |  |  | 33.31 |
Vested* |  | (763 | ) |  |  | 19.76 |
Cancelled or forfeited |  | (171 | ) |  |  | 24.40 |
Outstanding at July 4, 2026 |  | 4,397 |  |  | $ | 23.87 |
Expected to vest at July 4, 2026 |  | 5,872 |  |  |  |  |
* 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):
|  | Expected |  |  |  | Not Expected |  |  |  |  |
Vesting Date |  | to Vest |  |  |  | to Vest |  |  |  | Total |
January 1, 2027 |  | 877 |  |  |  | - |  |  |  | 877 |
January 1, 2028 |  | 1,484 |  |  |  | - |  |  |  | 1,484 |
January 1, 2029 |  | 1,535 |  |  |  | - |  |  |  | 1,535 |
March 1, 2029 |  | - |  |  |  | 175 |  |  |  | 175 |
Phantom Stock Units The following table summarizes the Company's phantom stock units activity (number of phantom stock units in thousands):
|  |  |  |  |  | Grant-date |
|  | Number of |  |  |  | Fair Value per |
|  | units |  |  |  | Unit |
Outstanding: |  |  |  |  |  |  |
January 1, 2026 |  | 136 |  |  |  |  |
Granted |  | 5 |  |  | $ | 15.29 |
Dividend equivalents issued |  | 1 |  |  |  |  |
Outstanding at July 4, 2026 |  | 142 |  |  |  |  |

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