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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 28, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of recorded stock-based compensation cost
The Company recorded stock-based compensation cost as follows:
Fiscal year ended
(dollars in thousands)December 28, 2024December 30, 2023December 31, 2022
Stock options$— $— $189 
Restricted stock:
   Time-based awards16,388 17,243 17,893 
   Performance-based awards(*)
(935)670 2,091 
   Market-based awards788 — — 
   Stock awards1,600 1,550 1,706 
Total$17,841 $19,463 $21,879 
(*)Decrease in fiscal 2024 and fiscal 2023 relates to the downward revision of estimates for the achievement of performance targets related to certain performance-based grants. During fiscal 2024, the revision of performance target estimates resulted in a reversal of previously recognized stock-based compensation expense for outstanding performance-based awards.
Summary of stock option activity
Changes in the Company’s stock options for the fiscal year ended December 28, 2024 were as follows:
Number of sharesWeighted- average exercise priceWeighted-average remaining contractual terms (years)Aggregate intrinsic value
(in thousands)
Outstanding, December 30, 2023446,831 $96.20 
Granted(*)
— $— 
Exercised(4,408)$83.32 
Forfeited— $— 
Expired(53,397)$95.26 
Outstanding, December 28, 2024389,026 $96.47 1.96$— 
Vested and expected to vest, December 28, 2024389,026 $96.47 1.96$— 
Exercisable, December 28, 2024389,026 $96.47 1.96$— 
Summary of restricted stock award activity
The following table summarizes activity related to all restricted stock awards during the fiscal year ended December 28, 2024:
Restricted
stock
awards
Weighted-average grant date fair value per award
Outstanding, December 30, 2023755,289 $84.63 
Granted372,933 $80.32 
Vested(254,244)$89.57 
Forfeited(51,327)$82.04 
Outstanding, December 28, 2024822,651 $81.31 
Fiscal year Number of awards granted Weighted-average grant date fair value per award
2022230,625 $90.06 
2023272,509 $73.80 
2024266,539 $77.00 
Fiscal year Number of awards grantedWeighted-average grant date fair value per award
202289,760 $91.12 
2023112,284 $74.06 
202455,089 $81.95 
Fiscal year Number of awards granted Weighted-average grant date fair value per award
202428,375 $117.28 
Summary of issued shares of common stock to non-management board members During fiscal years 2024, 2023, and 2022, such awards were as follows:
Fiscal year Number of shares issuedWeighted-average grant date fair value per share
202221,725$78.51 
202323,850$65.01 
202422,930$69.78