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STOCK - BASED COMPENSATION (Tables)

3 Months Ended

Mar. 27, 2022

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the thirteen weeks ended March 27, 2022 and March 28, 2021:

(dollar amounts in thousands except per share amounts)			Number of Shares						Weighted Average Exercise Price Per Share						Weighted-Average Remaining Contractual Term (In Years)						Aggregate Intrinsic Value
Balance—December 26, 2021			13,773,414						$	6.87					7.42						$	337,269
Options granted			369,274						25.39
Options exercised			(153,158)						5.45
Options forfeited			(53,721)						9.99
Options expired			(11,197)						6.07
Balance—March 27, 2022			13,924,612						$	7.37					7.31						$	348,686
Exercisable—March 27, 2022			8,642,689						$	5.07					6.31						$	236,185
Vested and expected to vest—March 27, 2022			13,924,612						$	7.37					7.31						$	348,686

(dollar amounts in thousands except per share amounts)			Number of Shares						Weighted Average Exercise Price Per Share						Weighted-Average Remaining Contractual Term (In Years)						Aggregate Intrinsic Value
Balance—December 27, 2020			14,612,730						$	4.27					6.34						$	15,204
Options granted			—						—
Options exercised			(561,465)						4.49
Options forfeited			(117,673)						5.64
Options expired			(61,498)						5.88
Balance—March 28, 2021			13,872,094						$	4.24					6.29						$	14,627
Exercisable—March 28, 2021			5,044,682						$	4.80					4.80						$	11,607
Vested and expected to vest—March 28, 2021			13,872,094						$	4.24					6.29						$	14,627

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the thirteen weeks ended March 27, 2022:

(dollar amounts in thousands except per share amounts)			Number of Shares						Weighted-Average Grant Date Fair Value
Balance—December 26, 2021			2,392,426						$	24.18
Granted			235,972						25.70
Released			(12,500)						23.00
Forfeited, cancelled, or expired			(60,711)						29.22
Balance—March 27, 2022			2,555,187						$	24.21

Summary of Stock-based Compensation Expense

A summary of stock-based compensation expense recognized during the thirteen weeks ended March 27, 2022 and March 28, 2021 is as follows:

(dollar amounts in thousands)			March 27, 2022						March 28, 2021
Stock-options			$	2,532					$	1,224
Restricted stock units			10,584						—
Performance stock units			9,049						—
Total stock-based compensation			$	22,165					$	1,224

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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