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Stockholders' Equity (Tables)
6 Months Ended
Jun. 27, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Compensation Cost

The cost that has been charged against income for stock-based compensation is set forth below (in thousands):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 27, 2025

 

 

June 28, 2024

 

 

June 27, 2025

 

 

June 28, 2024

 

Employee stock options

 

$

1,640

 

 

$

3,518

 

 

$

4,045

 

 

$

6,691

 

Restricted stock

 

 

145

 

 

 

170

 

 

 

302

 

 

 

198

 

RSUs

 

 

3,345

 

 

 

3,053

 

 

 

6,308

 

 

 

5,343

 

PSUs

 

 

2,211

 

 

 

2,119

 

 

 

2,607

 

 

 

2,804

 

Nonemployee stock options

 

 

208

 

 

 

151

 

 

 

302

 

 

 

292

 

Nonemployee RSUs

 

 

253

 

 

 

31

 

 

 

253

 

 

 

53

 

Total stock-based compensation expense

 

$

7,802

 

 

$

9,042

 

 

$

13,817

 

 

$

15,381

 

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The Company recorded stock-based compensation costs in the following categories (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 27, 2025

 

 

June 28, 2024

 

 

June 27, 2025

 

 

June 28, 2024

 

Cost of sales

 

$

90

 

 

$

363

 

 

$

380

 

 

$

661

 

General and administrative

 

 

4,643

 

 

 

4,981

 

 

 

7,326

 

 

 

8,056

 

Selling and marketing

 

 

1,309

 

 

 

1,319

 

 

 

2,586

 

 

 

2,529

 

Research and development

 

 

1,760

 

 

 

2,379

 

 

 

3,525

 

 

 

4,135

 

Total stock-based compensation expense, net

 

 

7,802

 

 

 

9,042

 

 

 

13,817

 

 

 

15,381

 

Amounts capitalized as part of inventory

 

 

192

 

 

 

440

 

 

 

504

 

 

 

777

 

Total stock-based compensation expense, gross

 

$

7,994

 

 

$

9,482

 

 

$

14,321

 

 

$

16,158

 

Schedule of Unrecognized Compensation Cost, Non-Vested Stock-Based Compensation Arrangements

As of June 27, 2025, total unrecognized compensation cost related to non-vested stock-based compensation arrangements were as follows (in thousands):

 

 

 

June 27, 2025

 

Stock options

 

$

9,026

 

RSUs and PSUs

 

 

40,468

 

Total unrecognized stock-based compensation cost

 

$

49,494

 

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.

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 27, 2025

 

 

June 28, 2024

 

 

June 27, 2025

 

 

June 28, 2024

 

Expected dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

 

 

0

%

Expected volatility

 

 

60

%

 

 

59

%

 

 

60

%

 

 

59

%

Risk-free interest rate

 

 

4.03

%

 

 

4.45

%

 

 

4.09

%

 

 

4.19

%

Expected term (in years)

 

 

5.05

 

 

 

5.29

 

 

 

5.05

 

 

 

5.29

 

 

Schedule of Share-based Compensation, Stock Options, Activity

A summary of stock option activity under the Equity Plan for the six months ended June 27, 2025 is presented below:

 

 

 

Stock
Options
(in 000’s)

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term (years)

 

 

Aggregate
Intrinsic
Value
(in 000’s)

 

Outstanding at December 27, 2024

 

 

2,808

 

 

$

45.72

 

 

 

 

 

 

 

Granted

 

 

112

 

 

 

17.53

 

 

 

 

 

 

 

Exercised

 

 

(53

)

 

 

7.23

 

 

 

 

 

 

 

Forfeited or expired

 

 

(433

)

 

 

47.71

 

 

 

 

 

 

 

Outstanding at June 27, 2025

 

 

2,434

 

 

$

44.87

 

 

 

5.04

 

 

$

1,238

 

Exercisable at June 27, 2025

 

 

1,928

 

 

$

47.18

 

 

 

4.07

 

 

$

1,200

 

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 six months ended June 27, 2025 is presented below (shares in thousands):

 

 

 

Restricted
Stock

 

 

RSUs

 

 

PSUs

 

Unvested at December 27, 2024

 

 

16

 

 

 

695

 

 

 

406

 

Granted

 

 

 

 

 

1,234

 

 

 

849

 

Vested

 

 

(16

)

 

 

(248

)

 

 

(20

)

Forfeited or expired

 

 

 

 

 

(151

)

 

 

(417

)

Unvested at June 27, 2025

 

 

 

 

 

1,530

 

 

 

818