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Stockholders' Equity (Tables)
9 Months Ended
Sep. 26, 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

 

 

Nine Months Ended

 

 

 

September 26, 2025

 

 

September 27, 2024

 

 

September 26, 2025

 

 

September 27, 2024

 

Employee stock options

 

$

1,566

 

 

$

3,592

 

 

$

5,611

 

 

$

10,283

 

Restricted stock

 

 

 

 

 

156

 

 

 

302

 

 

 

354

 

RSUs

 

 

3,382

 

 

 

3,150

 

 

 

9,690

 

 

 

8,493

 

PSUs

 

 

2,478

 

 

 

115

 

 

 

5,085

 

 

 

2,919

 

Nonemployee stock options

 

 

124

 

 

 

137

 

 

 

426

 

 

 

429

 

Nonemployee RSUs

 

 

608

 

 

 

10

 

 

 

861

 

 

 

63

 

Total stock-based compensation expense

 

$

8,158

 

 

$

7,160

 

 

$

21,975

 

 

$

22,541

 

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

 

 

Nine Months Ended

 

 

 

September 26, 2025

 

 

September 27, 2024

 

 

September 26, 2025

 

 

September 27, 2024

 

Cost of sales

 

$

48

 

 

$

303

 

 

$

428

 

 

$

964

 

General and administrative

 

 

5,026

 

 

 

3,621

 

 

 

12,352

 

 

 

11,677

 

Selling and marketing

 

 

1,492

 

 

 

1,213

 

 

 

4,078

 

 

 

3,742

 

Research and development

 

 

1,592

 

 

 

2,023

 

 

 

5,117

 

 

 

6,158

 

Total stock-based compensation expense, net

 

 

8,158

 

 

 

7,160

 

 

 

21,975

 

 

 

22,541

 

Amounts capitalized as part of inventory

 

 

64

 

 

 

361

 

 

 

568

 

 

 

1,138

 

Total stock-based compensation expense, gross

 

$

8,222

 

 

$

7,521

 

 

$

22,543

 

 

$

23,679

 

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

As of September 26, 2025, total unrecognized compensation cost related to non-vested stock-based compensation arrangements were as follows (in thousands):

 

 

 

September 26, 2025

 

Stock options

 

$

7,016

 

RSUs and PSUs

 

 

34,050

 

Total unrecognized stock-based compensation cost

 

$

41,066

 

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

 

 

Nine Months Ended

 

 

 

September 26, 2025

 

 

September 27, 2024

 

 

September 26, 2025

 

 

September 27, 2024

 

Expected dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

 

 

0

%

Expected volatility

 

 

60

%

 

 

59

%

 

 

60

%

 

 

59

%

Risk-free interest rate

 

 

3.83

%

 

 

3.70

%

 

 

4.07

%

 

 

4.17

%

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 nine months ended September 26, 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

 

 

121

 

 

 

18.22

 

 

 

 

 

 

 

Exercised

 

 

(210

)

 

 

15.99

 

 

 

 

 

 

 

Forfeited or expired

 

 

(870

)

 

 

50.16

 

 

 

 

 

 

 

Outstanding at September 26, 2025

 

 

1,849

 

 

$

45.15

 

 

 

6.02

 

 

$

3,284

 

Exercisable at September 26, 2025

 

 

1,423

 

 

$

48.45

 

 

 

5.26

 

 

$

2,269

 

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 nine months ended September 26, 2025 is presented below (shares in thousands):

 

 

 

Restricted
Stock

 

 

RSUs

 

 

PSUs

 

Unvested at December 27, 2024

 

 

16

 

 

 

695

 

 

 

406

 

Granted

 

 

 

 

 

1,274

 

 

 

849

 

Vested

 

 

(16

)

 

 

(277

)

 

 

(20

)

Forfeited or expired

 

 

 

 

 

(186

)

 

 

(433

)

Unvested at September 26, 2025

 

 

 

 

 

1,506

 

 

 

802