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v3.23.1

Stock-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Impact of Stock-Based Compensation in Consolidation and Combined Statements of Income | Stock-based compensation expense and the associated tax benefits impacting our Condensed Consolidated Statements of (Loss) Income were as follows:
|  | Three Months Ended |  |
(In thousands) |  | March 31, 2023 |  | April 1, 2022 |  |  |  |
Compensation costs for equity-based awards |  | $ | 12,066 |  |  | $ | 3,100 |  |  |  |  |
Compensation costs for liability-based awards |  | 806 |  |  | (542) |  |  |  |  |
Total compensation costs, pre-tax |  | $ | 12,872 |  |  | $ | 2,558 |  |  |  |  |
Future tax benefit |  | $ | 2,971 |  |  | $ | 555 |  |  |  |  |
Schedule of Non-Qualified Stock Options, Activity | The following table provides a summary of the activities for NQOs, RSUs and PSUs for the three months ended March 31, 2023:
|  | NQOs |  | RSUs |  | PSUs
(In thousands, except per share data) |  | Shares |  | Weighted Average Exercise Price Per Share |  | Shares |  | Weighted Average Grant Date Fair Value Per Share |  | Shares |  | Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2023 |  | 42 |  |  | $ | 22.86 |  |  | 1,628 |  |  | $ | 35.47 |  |  | — |  |  | $ | — |
Granted |  | — |  |  | $ | — |  |  | 278 |  |  | $ | 39.39 |  |  | 254 |  |  | $ | 35.86 |
Exercised |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Vested |  | — |  |  | $ | — |  |  | (839) |  |  | $ | 41.86 |  |  | — |  |  | $ | — |
Forfeited or expired |  | — |  |  | $ | — |  |  | (6) |  |  | $ | 40.59 |  |  | — |  |  | $ | — |
Outstanding at March 31, 2023 |  | 42 |  |  | $ | 22.86 |  |  | 1,061 |  |  | $ | 36.41 |  |  | 254 |  |  | $ | 35.86 |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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