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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 29, 2024
Share-Based Payment Arrangement [Abstract] |
Compensation Expense Related to Stock-Based Compensation Plans | Stock-based compensation expense was as follows:
| Fiscal Year Ended
(In millions) | 2024 |  | 2023 |  | 2022
Cost of sales, excluding amortization of intangibles | $ | 5.5 |  |  | $ | 4.3 |  |  | $ | 2.9 |
Selling, marketing and administrative | 26.0 |  |  | 37.7 |  |  | 27.4 |
Research and development | 3.4 |  |  | 4.9 |  |  | 4.9 |
Acquisition and integration costs | 7.5 |  |  | 16.9 |  |  | 30.4 |
Total stock-based compensation expense | $ | 42.4 |  |  | $ | 63.8 |  |  | $ | 65.6 |
Income tax (expense) benefit | $ | (7.1) |  |  | $ | 1.7 |  |  | $ | 2.1 |
Share-based Payment Arrangement, Option, Activity | A summary of the status of stock option activity for fiscal year ended 2024 is as follows:
(In thousands, except price data) | Shares |  | Weighted-Average Exercise Price Per Share |  | Weighted-Average Remaining Contractual Term (In Years) |  | Aggregate Intrinsic Value
Outstanding at December 31, 2023 | 1,636 |  |  | $ | 89.69 |  |  |  |  |
Granted | 219 |  |  | 42.27 |  |  |  |  |
Exercised | (106) |  |  | 21.18 |  |  |  |  |
Cancellations | (650) |  |  | 89.04 |  |  |  |  |
Outstanding at December 29, 2024 | 1,099 |  |  | $ | 87.22 |  |  | 5.61 |  | $ | 3,484 |
Vested and expected to vest at December 29, 2024 | 1,084 |  |  | $ | 87.71 |  |  | 5.56 |  | $ | 3,427 |
Exercisable at December 29, 2024 | 815 |  |  | $ | 96.24 |  |  | 4.50 |  | $ | 2,598 |
Estimated Fair Value of Each Stock Option Award | The estimated fair value of each stock option was determined on the date of grant using the Black-Scholes option valuation model with the following weighted-average assumptions for the option grants:
| Fiscal Year Ended
| December 29, 2024 |  | December 31, 2023 |  | January 1, 2023
Risk-free interest rate | 4.60 | % |  | 3.52 | % |  | 1.96 | %
Expected option life (in years) | 5.69 |  | 5.53 |  | 4.80
Volatility rate | 59 | % |  | 57 | % |  | 57 | %
Dividend rate | 0 | % |  | 0 | % |  | 0 | %
Weighted-average grant date fair value | $24.37 |  | $48.17 |  | $50.62
Schedule of Nonvested Share Activity | A summary of the status of RSU activity for fiscal year ended 2024 is as follows:
(In thousands, except price data) | Shares |  | Weighted-Average Grant Date Fair Value
Non-vested at December 31, 2023 | 1,156 |  |  | $ | 95.56 |
Granted | 1,240 |  |  | 50.05 |
Vested | (522) |  |  | 94.55 |
Forfeited | (492) |  |  | 83.45 |
Non-vested at December 29, 2024 | 1,382 |  |  | $ | 59.42 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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