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SHAREHOLDERS EQUITY (Tables) | 12 Months Ended
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Dec. 27, 2024
SHAREHOLDERS' EQUITY |
Summary of stock option activity | A summary of option activity under the 2006 Plan and 2008 Plan as of December 27, 2024 and changes during the fiscal years ended December 27, 2024, December 29, 2023, and December 30, 2022 is presented below. The intrinsic value of the fully-vested options is $8.1 million based on the Company’s closing stock price of $38.41 and the weighted average exercise price of outstanding options on December 27, 2024.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted- |
​ | ​ | ​ | ​ | Weighted- | ​ | Average |
​ | ​ | ​ | ​ | Average | ​ | Remaining |
​ | ​ | ​ | ​ | Exercise | ​ | Contractual |
​ |  | Options |  | Price |  | Term |
​ | ​ | (in thousands) | ​ | ​ | ​ | ​ | (in years) | ​
Outstanding at December 29, 2023 |  | 787 | ​ | $ | 20.64 |  | 2.70 | ​
Granted |  | — | ​ |  | — |  | — | ​
Exercised |  | (221) | ​ | ​ | 12.50 | ​ | — | ​
Forfeited or expired |  | (15) | ​ |  | 26.26 |  | — | ​
Outstanding at December 27, 2024 |  | 551 | ​ | $ | 23.75 | ​ | 2.30 | ​
Vested and expected to vest at December 27, 2024 |  | 551 | ​ | $ | 23.75 | ​ | 2.30 | ​
Exercisable at December 27, 2024 |  | 551 | ​ | $ | 23.75 | ​ | 2.30 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted- | ​
​ | ​ | ​ | ​ | Weighted- | ​ | Average |
​ | ​ | ​ | ​ | Average | ​ | Remaining |
​ | ​ | ​ | ​ | Exercise | ​ | Contractual |
​ |  | Options |  | Price |  | Term |
​ | ​ | (in thousands) | ​ | ​ | ​ | ​ | (in years) | ​
Outstanding at December 30, 2022 |  | 816 | ​ | $ | 20.38 |  | 3.68 | ​
Granted |  | — | ​ |  | — |  | — | ​
Exercised |  | (19) | ​ | ​ | 9.77 | ​ | — | ​
Forfeited or expired |  | (10) | ​ |  | 19.05 |  | — | ​
Outstanding at December 29, 2023 |  | 787 | ​ | $ | 20.64 | ​ | 2.70 | ​
Vested and expected to vest at December 29, 2023 |  | 787 | ​ | $ | 20.64 | ​ | 2.70 | ​
Exercisable at December 29, 2023 |  | 787 | ​ | $ | 20.64 | ​ | 2.70 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted- |
​ | ​ | ​ | ​ | Weighted- | ​ | Average |
​ | ​ | ​ | ​ | Average | ​ | Remaining |
​ | ​ | ​ | ​ | Exercise | ​ | Contractual |
​ |  | Options |  | Price |  | Term |
​ | ​ | (in thousands) | ​ | ​ | ​ | ​ | (in years) | ​
Outstanding at December 31, 2021 |  | 849 | ​ | $ | 19.89 |  | 4.68 | ​
Granted |  | — | ​ |  | — |  | — | ​
Exercised |  | (33) | ​ | ​ | 8.12 | ​ | — | ​
Forfeited or expired |  | — | ​ |  | — |  | — | ​
Outstanding at December 30, 2022 |  | 816 | ​ | $ | 20.38 | ​ | 3.68 | ​
Vested and expected to vest at December 30, 2022 |  | 816 | ​ | $ | 20.38 | ​ | 3.68 | ​
Exercisable at December 30, 2022 |  | 816 | ​ | $ | 20.38 | ​ | 3.68 | ​
​
Summary of restricted stock activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ |
​ | ​ | Time-Based | ​ | Weighted-Average |
​ |  | Restricted Stock Award |  | Grant Date Fair Value |
​ | ​ | (in thousands) | ​ | ​ | ​ | ​
Outstanding at December 29, 2023 | ​ | 171 | ​ | $ | 20.44 |
Awarded | ​ | 45 | ​ | ​ | 32.58 | ​
Vested | ​ | (70) | ​ | ​ | 21.60 | ​
Forfeited | ​ | — | ​ | ​ | — | ​
Outstanding at December 27, 2024 | ​ | 146 | ​ | $ | 23.60 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding at December 30, 2022 | ​ | 135 | ​ | $ | 34.07 |
Awarded | ​ | 154 | ​ | ​ | 18.04 | ​
Vested | ​ | (114) | ​ | ​ | 33.45 | ​
Forfeited | ​ | (4) | ​ | ​ | 17.83 | ​
Outstanding at December 29, 2023 | ​ | 171 | ​ | $ | 20.44 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding at December 31, 2021 | ​ | 110 | ​ | $ | 38.30 |
Awarded | ​ | 104 | ​ | ​ | 31.48 | ​
Vested | ​ | (74) | ​ | ​ | 36.55 | ​
Forfeited | ​ | (5) | ​ | ​ | 36.51 | ​
Outstanding at December 30, 2022 | ​ | 135 | ​ | $ | 34.07 | ​
Summary of RSUs activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ |
​ | ​ | Time-Based | ​ | Weighted-Average |
​ |  | Restricted Stock Unit |  | Grant Date Fair Value |
​ | ​ | (in thousands) | ​ | ​ | ​ | ​
Outstanding at December 29, 2023 | ​ | — | ​ | $ | — |
Awarded | ​ | 70 | ​ | ​ | 27.55 | ​
Vested | ​ | — | ​ | ​ | — | ​
Forfeited | ​ | — | ​ | ​ | — | ​
Outstanding at December 27, 2024 | ​ | 70 | ​ | $ | 27.55 | ​
Summary of performance-based restricted stock unit activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Performance-Based | ​ | Weighted-Average
​ |  | Restricted Stock Unit |  | Grant Date Fair Value
​ | ​ | (in thousands) | ​ | ​ | ​
Outstanding at December 29, 2023 | ​ | 130 | ​ | $ | 22.88
Awarded | ​ | 144 | ​ | ​ | 25.44
Released | ​ | (105) | ​ | ​ | 31.60
Forfeited | ​ | — | ​ | ​ | —
Outstanding at December 27, 2024 | ​ | 169 | ​ | $ | 19.59
​ | ​ | ​ | ​ | ​ | ​
Outstanding at December 30, 2022 | ​ | 66 | ​ | $ | 27.93
Awarded | ​ | 112 | ​ | ​ | 19.89
Released | ​ | (46) | ​ | ​ | 22.84
Forfeited | ​ | (2) | ​ | ​ | 21.67
Outstanding at December 29, 2023 | ​ | 130 | ​ | $ | 22.88
​ | ​ | ​ | ​ | ​ | ​
Outstanding at December 31, 2021 | ​ | 224 | ​ | $ | 31.31
Awarded | ​ | 186 | ​ | ​ | 38.82
Released | ​ | (278) | ​ | ​ | 40.99
Forfeited | ​ | (66) | ​ | ​ | 26.61
Outstanding at December 30, 2022 | ​ | 66 | ​ | $ | 27.93
Summary of valuation assumptions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 | ​ | ​ | 2023 | ​ | ​ | 2022 | ​
Weighted-average expected term (in years) | ​ |  | .5 | ​ | ​ |  | .5 | ​ | ​ |  | .5 | ​
Risk-Free interest Rate | ​ |  | 5.1 | % | ​ |  | 4.9 | % | ​ |  | 1.4 | %
Stock Price Volatility | ​ |  | 29.7 | % | ​ |  | 29.9 | % | ​ |  | 30.0 | %
Dividend yield | ​ |  | 0 | % | ​ |  | 0 | % | ​ |  | 0 | %
Fair Value | ​ | $ | 25.22 | ​ | ​ | $ | 18.50 | ​ | ​ | $ | 31.11 | ​

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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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