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Employee Benefit Plans (Tables) | 6 Months Ended
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Jun. 29, 2025
Employee Benefit and Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Schedule of Shares Available for Grant | The following table sets forth the available shares for grants as of June 29, 2025:
| Number of Shares
| (In thousands)
Shares available for grants as of December 31, 2024 | 3,356 |
Additional authorized shares | 4,050 |
Granted | (3,719) |
Forfeited / cancelled | 361 |
Shares available for grants as of June 29, 2025 | 4,048 |
Schedule of Stock Option Activity | Stock option activity during the six months ended June 29, 2025 was as follows:
| Number of Shares |  | Weighted Average Exercise Price Per Share
| (In thousands) |  | (In dollars)
Outstanding as of December 31, 2024 | 549 |  |  | $ | 13.24 |
Granted | — |  |  | $ | — |
Exercised | (94) |  |  | $ | 8.55 |
Forfeited / cancelled | (180) |  |  | $ | — |
Expired | — |  |  | $ | 14.39 |
Outstanding as of June 29, 2025 | 275 |  |  | $ | 14.10 |
Vested and exercisable as of June 29, 2025 | 275 |  |  | $ | 14.10 |
Schedule of RSU Activity | RSU activity, exclusive of PSU activity, during the six months ended June 29, 2025 was as follows:
| Number of Shares |  | Weighted Average Grant Date Fair Value Per Share
| (In thousands) |  | (In dollars)
Outstanding as of December 31, 2024 | 7,112 |  |  | $ | 7.76 |
Granted | 1,854 |  |  | $ | 11.46 |
Vested | (2,470) |  |  | $ | 8.20 |
Forfeited | (178) |  |  | $ | 8.25 |
Outstanding as of June 29, 2025 | 6,318 |  |  | $ | 8.66 |
Schedule of PSU Activity | PSU activity during the six months ended June 29, 2025 was as follows:
| Number of Shares |  | Weighted Average Grant Date Fair Value Per Share
| (In thousands) |  | (In dollars)
Outstanding as of December 31, 2024 | 4,777 |  |  | $ | 9.24 |
Granted | 1,865 |  |  | $ | 11.22 |
Vested | (2,173) |  |  | $ | 8.21 |
Forfeited | (3) |  |  | $ | 8.28 |
Outstanding as of June 29, 2025 | 4,466 |  |  | $ | 10.57 |
Schedule of Stock-Based Compensation Expense | The following table sets forth the stock-based compensation expense included in our unaudited condensed consolidated statements of comprehensive income (loss):
| Three Months Ended |  | Six Months Ended
| June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
| (In thousands)
Cost of revenue | $ | 885 |  |  | $ | 1,292 |  |  | $ | 2,002 |  |  | $ | 2,663 |
Research and development | 4,500 |  |  | 4,778 |  |  | 8,400 |  |  | 9,682 |
Sales and marketing | 2,079 |  |  | 2,176 |  |  | 5,152 |  |  | 4,416 |
General and administrative | 7,519 |  |  | 12,674 |  |  | 16,441 |  |  | 22,709 |
Stock-based compensation, net of amounts capitalized | $ | 14,983 |  |  | $ | 20,920 |  |  | $ | 31,995 |  |  | $ | 39,470 |
Capitalized stock-based compensation | 267 |  |  | — |  |  | 868 |  |  | — |
Total stock-based compensation | $ | 15,250 |  |  | $ | 20,920 |  |  | $ | 32,863 |  |  | $ | 39,470 |

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