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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 27, 2024
Dec. 31, 2023
Dec. 30, 2022
Dec. 30, 2021
Dec. 30, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

In accordance with rules adopted by the Securities and Exchange Commission pursuant to Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Company provides the following disclosure regarding executive compensation for its principal executive officer (“PEO”) and Non-PEO NEOs and the Company performance for each of fiscal years 2024, 2023, 2022, 2021, and 2020. The Compensation Committee did not consider the pay versus performance disclosure in making its pay decisions for any of the fiscal years shown.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial
Fixed Investments
based on:
(4)

 

 

 

 

 

 

 

Year
(a)

 

Summary Compensation Table Total for The PEO ($)(1)
(b)

 

 

Compensation Actually Paid to the PEO ($)(1),(2),(3)
(c)

 

 

Average Summary Compensation Table for Non-PEO NEOs ($)(1)
(d)

 

 

Compensation Actually Paid to Non-PEO NEOs ($)(1),(2),(3)
(e)

 

 

TSR ($)
(f)

 

 

Peer Group TSR ($)
(g)

 

 

Net Income ($) (rounded to the nearest thousands)
(h)

 

 

Revenue ($) (rounded to the nearest thousands)(5)
(i)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

7,821,216

 

 

 

2,747,432

 

 

 

2,562,044

 

 

 

1,214,377

 

 

 

70.39

 

 

 

125.56

 

 

 

(20,208,000

)

 

 

313,901,000

 

2023

 

 

10,220,581

 

 

 

6,350,978

 

 

 

2,740,574

 

 

 

1,082,949

 

 

 

90.76

 

 

 

117.90

 

 

 

21,347,000

 

 

 

322,415,000

 

2022

 

 

6,501,953

 

 

 

1,027,645

 

 

 

2,053,028

 

 

 

1,162,152

 

 

 

141.17

 

 

 

117.30

 

 

 

39,665,000

 

 

 

284,391,000

 

2021

 

 

5,468,270

 

 

 

11,586,083

 

 

 

1,903,519

 

 

 

2,345,191

 

 

 

265.56

 

 

 

146.72

 

 

 

27,511,000

 

 

 

230,472,000

 

2020

 

 

2,975,812

 

 

 

12,657,136

 

 

 

1,738,479

 

 

 

2,794,730

 

 

 

230.42

 

 

 

131.76

 

 

 

5,913,000

 

 

 

163,460,000

 

 

(1)
Thomas G. Frinzi was the Company’s PEO for fiscal years 2023 - 2024 and Caren Mason was the Company’s PEO for fiscal years 2020 - 2022. The individuals comprising the Non-PEO NEOs for each year presented are listed below:

 

2020

 

2021

 

2022

 

2023

 

2024

 

 

 

 

 

 

 

 

 

Patrick F. Williams

 

Patrick F. Williams

 

Patrick F. Williams

 

Patrick F. Williams

 

Patrick F. Williams

Scott Barnes

 

Scott Barnes

 

Scott Barnes

 

Scott Barnes

 

Warren Foust

Keith Holliday

 

Keith Holliday

 

Keith Holliday

 

Keith Holliday

 

Magda Michna

Hans Blickensdoerfer

 

Hans Blickensdoerfer

 

James Francese

 

Warren Foust

 

Nathaniel Sisitsky

Deborah Andrews

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2)
The amounts shown for Compensation Actually Paid (“CAP”) have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote (3) below.
(3)
CAP reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair value did not material differ from those disclosed at the time of grant. Amounts in the Exclusion of Stock Awards and Option Awards column are based on the amounts reported in the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the Exclusion of Changes in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in prior years Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.

 

Year

 

Summary Compensation Table Total for the PEO ($)

 

 

Exclusion of Stock Awards and Option Awards for the PEO ($)

 

 

Inclusion of Equity Values for the PEO ($)

 

 

Compensation Actually Paid to the PEO ($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

7,821,216

 

 

 

(6,999,997

)

 

 

1,926,213

 

 

 

2,747,432

 

 

 

Year

 

Average Summary Compensation Table Total for Non-PEO NEOs ($)

 

 

Average Exclusion of Change in Pension Value for Non-PEO NEOs ($)

 

 

Average Exclusion of Stock Awards and Option Awards for Non-PEO NEOs ($)

 

 

Average Inclusion of Pension Service Cost for Non-PEO NEOs ($)

 

 

Average Inclusion of Equity Values for Non-PEO NEOs ($)

 

 

Average Compensation Actually Paid to Non-PEO NEOs ($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2,562,044

 

 

 

-

 

 

 

(1,999,600

)

 

 

-

 

 

 

651,933

 

 

 

1,214,377

 

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

Year

 

Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for the PEO ($)

 

 

Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for the PEO ($)

 

 

Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for the PEO ($)

 

 

Total - Inclusion of Equity Values for the PEO ($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2,612,098

 

 

 

(655,234

)

 

 

(30,651

)

 

 

1,926,213

 

 

 

Year

 

Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($)

 

 

Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($)

 

 

Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($)

 

 

Total - Average Inclusion of Equity Values for Non-PEO NEOs ($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

746,304

 

 

 

(162,001

)

 

 

67,630

 

 

 

651,933

 

 

(4)
The Peer Group Total Shareholder Return (”TSR”) set forth in this table utilizes the S&P 400 Health Care Index, which the Company also utilizes in the stock performance graph required by Item 201(3) of Regulation S-K included in the Company’s Annual Report for the year ended December 27, 2024. The comparison assumes $100 was invested for the period starting January 3, 2020 through the end of the listed year in the Company and in the S&P 400 Health Care Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5)
The Company determined Revenue to be the most important financial performance measure used to link Company performance to CAP to its PEO and Non-PEOs in 2024. This performance measure may not have been the most important financial performance measure for fiscal years 2023, 2022, 2021 and 2020 and the Company may determine a different financial performance measure to be the most important financial performance measure in future years.
       
Company Selected Measure Name Revenue        
Named Executive Officers, Footnote
(1)
Thomas G. Frinzi was the Company’s PEO for fiscal years 2023 - 2024 and Caren Mason was the Company’s PEO for fiscal years 2020 - 2022. The individuals comprising the Non-PEO NEOs for each year presented are listed below:

 

2020

 

2021

 

2022

 

2023

 

2024

 

 

 

 

 

 

 

 

 

Patrick F. Williams

 

Patrick F. Williams

 

Patrick F. Williams

 

Patrick F. Williams

 

Patrick F. Williams

Scott Barnes

 

Scott Barnes

 

Scott Barnes

 

Scott Barnes

 

Warren Foust

Keith Holliday

 

Keith Holliday

 

Keith Holliday

 

Keith Holliday

 

Magda Michna

Hans Blickensdoerfer

 

Hans Blickensdoerfer

 

James Francese

 

Warren Foust

 

Nathaniel Sisitsky

Deborah Andrews

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

       
Peer Group Issuers, Footnote
(4)
The Peer Group Total Shareholder Return (”TSR”) set forth in this table utilizes the S&P 400 Health Care Index, which the Company also utilizes in the stock performance graph required by Item 201(3) of Regulation S-K included in the Company’s Annual Report for the year ended December 27, 2024. The comparison assumes $100 was invested for the period starting January 3, 2020 through the end of the listed year in the Company and in the S&P 400 Health Care Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
       
PEO Total Compensation Amount $ 7,821,216 $ 10,220,581 $ 6,501,953 $ 5,468,270 $ 2,975,812
PEO Actually Paid Compensation Amount $ 2,747,432 6,350,978 1,027,645 11,586,083 12,657,136
Adjustment To PEO Compensation, Footnote reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair value did not material differ from those disclosed at the time of grant. Amounts in the Exclusion of Stock Awards and Option Awards column are based on the amounts reported in the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the Exclusion of Changes in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in prior years Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.

 

Year

 

Summary Compensation Table Total for the PEO ($)

 

 

Exclusion of Stock Awards and Option Awards for the PEO ($)

 

 

Inclusion of Equity Values for the PEO ($)

 

 

Compensation Actually Paid to the PEO ($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

7,821,216

 

 

 

(6,999,997

)

 

 

1,926,213

 

 

 

2,747,432

 

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

Year

 

Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for the PEO ($)

 

 

Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for the PEO ($)

 

 

Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for the PEO ($)

 

 

Total - Inclusion of Equity Values for the PEO ($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2,612,098

 

 

 

(655,234

)

 

 

(30,651

)

 

 

1,926,213

 

       
Non-PEO NEO Average Total Compensation Amount $ 2,562,044 2,740,574 2,053,028 1,903,519 1,738,479
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,214,377 1,082,949 1,162,152 2,345,191 2,794,730
Adjustment to Non-PEO NEO Compensation Footnote reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair value did not material differ from those disclosed at the time of grant. Amounts in the Exclusion of Stock Awards and Option Awards column are based on the amounts reported in the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the Exclusion of Changes in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in prior years Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.

Year

 

Average Summary Compensation Table Total for Non-PEO NEOs ($)

 

 

Average Exclusion of Change in Pension Value for Non-PEO NEOs ($)

 

 

Average Exclusion of Stock Awards and Option Awards for Non-PEO NEOs ($)

 

 

Average Inclusion of Pension Service Cost for Non-PEO NEOs ($)

 

 

Average Inclusion of Equity Values for Non-PEO NEOs ($)

 

 

Average Compensation Actually Paid to Non-PEO NEOs ($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2,562,044

 

 

 

-

 

 

 

(1,999,600

)

 

 

-

 

 

 

651,933

 

 

 

1,214,377

 

Year

 

Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($)

 

 

Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($)

 

 

Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($)

 

 

Total - Average Inclusion of Equity Values for Non-PEO NEOs ($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

746,304

 

 

 

(162,001

)

 

 

67,630

 

 

 

651,933

 

       
Compensation Actually Paid vs. Total Shareholder Return

The following chart sets forth the relationship between Compensation Actually Paid to the Company’s PEO, the average of Compensation Actually Paid to the Company’s Non-PEO NEOs, and the cumulative TSR of the Company and S&P 400 Health Care Index over the three most recently completed fiscal years:

 

img156736979_41.jpg

       
Compensation Actually Paid vs. Net Income

The following chart sets forth the relationship between Compensation Actually Paid to the Company’s PEO, the average of Compensation Actually Paid to the Company’s Non-PEO NEOs, and the Company’s net income over the three most recently completed fiscal years:

 

img156736979_42.jpg

       
Compensation Actually Paid vs. Company Selected Measure

The following chart sets forth the relationship between Compensation Actually Paid to the Company’s PEO, the average of Compensation Actually Paid to the Company’s Non-PEO NEOs, and the Company’s revenue over the three most recently completed fiscal years:

 

img156736979_43.jpg

       
Tabular List, Table

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually paid to the Company’s PEO and Non-PEO NEOs for 2024 to Company performance. The measures in this table are not ranked.

 

 

Revenue

Adjusted EBITDA

Net Income

       
Total Shareholder Return Amount $ 70.39 90.76 141.17 265.56 230.42
Peer Group Total Shareholder Return Amount 125.56 117.9 117.3 146.72 131.76
Net Income (Loss) $ (20,208,000,000) $ 21,347,000,000 $ 39,665,000,000 $ 27,511,000,000 $ 5,913,000,000
Company Selected Measure Amount 313,901,000,000 322,415,000,000 284,391,000,000 230,472,000,000 163,460,000,000
PEO Name Thomas G. Frinzi Thomas G. Frinzi Caren Mason Caren Mason Caren Mason
Additional 402(v) Disclosure The amounts shown for Compensation Actually Paid (“CAP”) have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote (3) below        
Measure:: 1          
Pay vs Performance Disclosure          
Name Revenue        
Non-GAAP Measure Description The Company determined Revenue to be the most important financial performance measure used to link Company performance to CAP to its PEO and Non-PEOs in 2024. This performance measure may not have been the most important financial performance measure for fiscal years 2023, 2022, 2021 and 2020 and the Company may determine a different financial performance measure to be the most important financial performance measure in future years        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Measure:: 3          
Pay vs Performance Disclosure          
Name Net Income        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 1,926,213        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,926,213        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,999,997)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,612,098        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (655,234)        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (30,651)        
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 651,933        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 651,933        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,999,600)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 746,304        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (162,001)        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 67,630