XML 57 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1

Stock-Based Compensation (Tables)

12 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ 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)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration