XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.25.3

Equity and Stock-Based Compensation | 9 Months Ended
--- | ---
Sep. 28, 2025
Share-Based Payment Arrangement [Abstract] |
Equity and Stock-Based Compensation | Equity and Stock-Based Compensation Stock option awards There were no stock option awards granted during the thirty-nine weeks ended September 28, 2025. A summary of stock option activity during the thirty-nine weeks ended September 28, 2025 was as follows:
| NUMBER OF OPTIONS |  | WEIGHTED AVERAGE EXERCISE PRICE PER SHARE |  | AGGREGATE INTRINSIC VALUE (in thousands) |  | WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE (in years)
Outstanding, December 29, 2024 | 3,701,017 |  |  | $ | 10.14 |  |  | $ | 31,676 |  |  | 4.1
Forfeited | (964) |  |  | $ | 12.58 |  |  |  |  |
Exercised | (30,959) |  |  | $ | 9.79 |  |  |  |  |
Outstanding, September 28, 2025 | 3,669,094 |  |  | $ | 10.14 |  |  | $ | 21,512 |  |  | 3.4
Exercisable, September 28, 2025 | 3,659,622 |  |  | $ | 10.14 |  |  | $ | 21,480 |  |  | 3.4
The aggregate intrinsic value is based on the difference between the exercise price of the stock option and the closing price of the Company’s common stock on Nasdaq on the last trading day of the period. A summary of the non-vested stock option activity during the thirty-nine weeks ended September 28, 2025 is as follows:
| NUMBER OF OPTIONS |  | WEIGHTED AVERAGE GRANT DATE FAIR VALUE PER SHARE
Nonvested, December 29, 2024 | 324,245 |  |  | $ | 6.55 |
Forfeited | (963) |  |  | $ | 6.76 |
Vested | (313,810) |  |  | $ | 6.66 |
Nonvested, September 28, 2025 | 9,472 |  |  | $ | 2.88 |
Restricted stock units During the thirty-nine weeks ended September 28, 2025, a total of 1,028,509 restricted stock units (“RSUs”) were granted. Of the total RSUs granted, 597,737 will vest ratably over a period of three years from grant date, 65,364 will vest one year from the grant date, and the remaining 365,408 will vest four years from the grant date. A summary of the Company’s RSU activity during the thirty-nine weeks ended September 28, 2025 is as follows:
| RESTRICTED STOCK UNITS |  | WEIGHTED AVERAGE GRANT DATE FAIR VALUE PER SHARE |  | AGGREGATE INTRINSIC VALUE (in thousands)
Outstanding, December 29, 2024 | 759,721 |  |  | $ | 20.67 |  |  | $ | 14,207 |
Granted | 1,028,509 |  |  | $ | 16.75 |  |  |
Forfeited | (8,846) |  |  | $ | 19.95 |  |  |
Vested | (301,056) |  |  | $ | 19.36 |  |  |
Outstanding, September 28, 2025 | 1,478,328 |  |  | $ | 18.22 |  |  | $ | 23,653 |
The aggregate intrinsic value is based on the closing price of the Company’s common stock on Nasdaq of $16.00 and $18.70 on September 26, 2025 and December 27, 2024, the last trading days of the periods, respectively. Stock-based compensation expense, net of amounts capitalized, was $2.9 million and $2.1 million during the thirteen weeks ended September 28, 2025 and September 29, 2024, respectively, and $7.9 million and $6.4 million during the thirty-nine weeks ended September 28, 2025 and September 29, 2024, respectively. Capitalized stock-based compensation included in property, fixtures and equipment totaled $0.1 million for the thirty-nine weeks ended September 28, 2025. The total related income tax benefit for stock-based compensation expense was $0.1 million during the thirteen weeks ended September 28, 2025 and September 29, 2024, respectively, and $1.3 million and $1.6 million during the thirty-nine weeks ended September 28, 2025 and September 29, 2024, respectively. Unrecognized stock-based compensation expense The following represents unrecognized stock-based compensation expense and the remaining weighted average vesting period as of September 28, 2025:
| UNRECOGNIZED STOCK-BASED COMPENSATION EXPENSE (in thousands) |  | REMAINING WEIGHTED AVERAGE VESTING PERIOD (in years)
Stock options | $ | 1 |  |  | 0.2
Restricted stock units | $ | 20,160 |  |  | 2.2

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration