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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 27, 2024
Stockholders' Equity Note [Abstract] |
Schedule of Share-based Compensation, Fair Value of Stock-Based Compensation Granted | The following table represents the fair value of stock-based compensation granted during the year ended 2024 (in thousands):
|  | Fair Value |
Stock options |  | $ | 13,522 |
RSUs |  |  | 17,496 |
PSUs |  |  | 14,665 |
Restricted stock |  |  | 703 |
Total stock-based compensation expense |  | $ | 46,386 |
Schedule of Compensation Cost | The Company recorded stock-based compensation expense by award as follows (in thousands):
|  | Years Ended |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Employee stock options |  | $ | 13,824 |  |  | $ | 12,842 |  |  | $ | 10,403 |
Restricted stock |  |  | 512 |  |  |  | 548 |  |  |  | 686 |
RSUs |  |  | 11,739 |  |  |  | 7,987 |  |  |  | 4,512 |
PSUs |  |  | 568 |  |  |  | 1,270 |  |  |  | 3,525 |
Nonemployee stock options |  |  | 567 |  |  |  | 869 |  |  |  | 1,245 |
Total stock-based compensation expense |  | $ | 27,210 |  |  | $ | 23,516 |  |  | $ | 20,371 |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | The Company recorded stock-based compensation expense in the following categories (in thousands):
|  | Years Ended |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Cost of sales |  | $ | 1,192 |  |  | $ | 716 |  |  | $ | 501 |
General and administrative |  |  | 14,122 |  |  |  | 12,125 |  |  |  | 9,402 |
Selling and marketing |  |  | 4,583 |  |  |  | 4,083 |  |  |  | 4,795 |
Research and development |  |  | 7,313 |  |  |  | 6,592 |  |  |  | 5,673 |
Total stock-based compensation expense, net |  |  | 27,210 |  |  |  | 23,516 |  |  |  | 20,371 |
Amounts capitalized as part of inventory |  |  | 1,408 |  |  |  | 1,672 |  |  |  | 1,881 |
Total stock-based compensation expense, gross |  | $ | 28,618 |  |  | $ | 25,188 |  |  | $ | 22,252 |
Schedule of Unrecognized Compensation Cost, Non-Vested Stock-Based Compensation Arrangements | As of December 27, 2024, total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted under the Equity Plan were as follows (in thousands):
|  | 2024 |
Stock options |  | $ | 18,474 |
Restricted stock, RSUs and PSUs |  |  | 20,512 |
Total unrecognized stock-based compensation cost |  | $ | 38,986 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The risk-free rate is based on the U.S. Treasury yield curve corresponding to the expected term at the time of the grant.
|  | Years Ended |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Expected dividend yield |  |  | 0 | % |  |  | 0 | % |  |  | 0 | %
Expected volatility |  |  | 59 | % |  |  | 60 | % |  |  | 54 | %
Risk-free interest rate |  |  | 4.17 | % |  |  | 3.98 | % |  |  | 2.09 | %
Expected term (in years) |  |  | 5.29 |  |  |  | 5.05 |  |  |  | 5.10 |
Schedule of Share-based Compensation, Stock Options, Activity | A summary of stock option activity under the Equity Plan for the year ended December 27, 2024 was as follows:
|  | Shares (in 000’s) |  |  | Weighted-Average Exercise Price |  |  | Weighted-Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value (in 000’s) |
Outstanding at December 29, 2023 |  |  | 2,630 |  |  | $ | 46.38 |  |  |  |  |  |  |
Granted |  |  | 640 |  |  |  | 37.81 |  |  |  |  |  |  |
Exercised |  |  | (315 | ) |  |  | 23.52 |  |  |  |  |  |  |
Forfeited or expired |  |  | (147 | ) |  |  | 70.43 |  |  |  |  |  |  |
Outstanding at December 27, 2024 |  |  | 2,808 |  |  | $ | 45.72 |  |  |  | 6.59 |  |  | $ | 3,961 |
Exercisable at December 27, 2024 |  |  | 1,826 |  |  | $ | 47.03 |  |  |  | 5.38 |  |  | $ | 3,961 |
Share-based Compensation, Performance Shares Award Unvested Activity | A summary of unvested stock options activity under the Equity Plan for the year ended December 27, 2024 was as follows:
|  | Shares (in 000’s) |  |  | Weighted-Average Grant-Date Fair Value |
Unvested at December 29, 2023 |  |  | 926 |  |  | $ | 30.09 |
Granted |  |  | 640 |  |  |  | 21.12 |
Forfeited or expired |  |  | (147 | ) |  |  | 34.39 |
Vested |  |  | (437 | ) |  |  | 29.66 |
Unvested at December 27, 2024 |  |  | 982 |  |  | $ | 23.62 |
Summary of Weighted Average Grant Date Fair Value of Stock Options Granted Under The Equity Plan and Total intrinsic Value of Stock options Exercised | The weighted average grant date fair value of stock options granted under the Equity Plan and the total intrinsic value of stock options exercised were as follows:
|  | Years Ended |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Weighted-average grant-date fair value |  | $ | 21.12 |  |  | $ | 28.36 |  |  | $ | 35.68 |
Intrinsic value of options exercised (in thousands) |  | $ | 4,150 |  |  | $ | 17,041 |  |  | $ | 25,000 |
Schedule of Share-based Compensation, Restricted Stock, RSU and PSU Activity | A summary of restricted stock, RSU and PSU activity under the Equity Plan for the year ended December 27, 2024 was as follows:
|  | Restricted Stock |  |  | Restricted Stock Units |  |  | Performance Stock Units |
|  | Units (in 000’s) |  |  | Weighted-Average Grant-Date Fair Value |  |  | Units (in 000’s) |  |  | Weighted-Average Grant-Date Fair Value |  |  | Units (in 000’s) |  |  | Weighted-Average Grant-Date Fair Value |
Outstanding at December 29, 2023 |  |  | 14 |  |  | $ | 47.61 |  |  |  | 401 |  |  | $ | 55.75 |  |  |  | 56 |  |  | $ | 74.80 |
Granted |  |  | 17 |  |  |  | 39.84 |  |  |  | 464 |  |  |  | 37.72 |  |  |  | 390 |  |  |  | 37.64 |
Vested |  |  | (10 | ) |  |  | 46.88 |  |  |  | (149 | ) |  |  | 58.56 |  |  |  | (24 | ) |  |  | 74.80 |
Forfeited |  |  | (5 | ) |  |  | 52.67 |  |  |  | (21 | ) |  |  | 47.20 |  |  |  | (16 | ) |  |  | 52.76 |
Outstanding at December 27, 2024 |  |  | 16 |  |  | $ | 40.11 |  |  |  | 695 |  |  | $ | 43.33 |  |  |  | 406 |  |  | $ | 39.99 |
Summary of Weighted Average Grant Date Fair Value of Restricted Stock, RSU and PSU Awards Granted Under Equity Plan and Total Fair Value of Awards Vested | The weighted average grant date fair value of restricted stock, RSU and PSU awards granted under the Equity Plan and the total fair value of awards vested were as follows:
|  | Years Ended |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Weighted-average grant-date fair value |  | $ | 37.73 |  |  | $ | 52.98 |  |  | $ | 74.98 |
Fair value of awards vested (in thousands) |  | $ | 6,283 |  |  | $ | 7,715 |  |  | $ | 5,023 |

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