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Stock Based Compensation (Tables)

9 Months Ended

Sep. 25, 2021

Share-based Payment Arrangement [Abstract]

Summary of Key Assumptions Used for Valuing Awards

The following table summarizes the key assumptions used in the valuation model for valuing the Company's stock compensation awards under the 2014 Equity Incentive Plan:

Dividend yield						0%
Risk free interest rate						0.40%			-			1.81%
Expected volatility						31.50%
Expected terms						6.25 years

Summary of Stock Option Activity

A summary of the stock option activity under the 2014 Equity Inventive Plan for the thirty-nine weeks ended September 25, 2021 is presented below (share amounts in thousands):

						Number of Shares						Weighted Avg. Exercise Price per Share (in whole dollars)						Weighted Avg. Remaining Contractual Term
Outstanding at December 26, 2020						12,749						$	7.66					8.0 years
Granted						2,348
Exercised						(286)
Forfeited or expired						(1,186)
Outstanding at September 25, 2021						13,625						$	8.13					7.3 years
Exercisable at September 25, 2021						4,936						$	7.74					6.74 years

Summary of Restricted Stock Activity

A summary of the restricted stock activity under the 2014 Equity Incentive Plan for the thirty-nine weeks ended September 25, 2021 is presented below (share amounts in thousands):

						Number of Shares						Weighted Avg. Grant Date Fair Value (in whole dollars)
Unvested at December 26, 2020						177						$	7.09
Awarded						—
Vested						(88)
Forfeited or expired						—
Unvested at September 25, 2021						89						$	7.09

Summary of Restricted Stock Unit Activity

A summary of the restricted stock unit activity under the 2014 Equity Incentive Plan for the thirty-nine weeks ended September 25, 2021 is presented below (share amounts in thousands):

						Number of Shares						Weighted Avg. Grant Date Fair Value (in whole dollars)
Outstanding at December 26, 2020						—						$	—
Granted						323						$	10.00
Exercised						—
Forfeited or expired						—
Outstanding at September 25, 2021						323						$	10.00

A summary of the restricted stock unit activity under the 2021 Equity Incentive Plan for the thirty-nine weeks ended September 25, 2021 is presented below (share amounts in thousands):

						Number of Shares						Weighted Avg. Grant Date Fair Value (in whole dollars)
Outstanding at December 26, 2020						—
Granted						50						$	12.05
Exercised						—
Forfeited or expired						—
Outstanding at September 25, 2021						50						$	12.05

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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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.

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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.

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