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STOCK - BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 26, 2022
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity | The following table summarizes the Company’s stock option activity for the twenty-six weeks ended June 26, 2022 and June 27, 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 | 578,865 |  | 23.75 |  |  |  |  |
Options exercised | (560,610) |  | 5.22 |  |  |  |  |
Options forfeited | (130,590) |  | 12.24 |  |  |  |  |
Options expired | (25,243) |  | 5.85 |  |  |  |  |
Balance—June 26, 2022 | 13,635,836 |  | $ | 7.61 |  |  | 7.21 |  | $ | 84,673 |
Exercisable—June 26, 2022 | 8,824,027 |  | $ | 5.35 |  |  | 6.35 |  | $ | 70,585 |
Vested and expected to vest—June 26, 2022 | 13,635,836 |  | $ | 7.61 |  |  | 7.21 |  | $ | 84,673 |
(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 | 4,477,360 |  | 10.76 |  |  |  |  |
Options exercised | (904,159) |  | 4.15 |  |  |  |  |
Options forfeited | (196,175) |  | 6.09 |  |  |  |  |
Options expired | (75,535) |  | 5.87 |  |  |  |  |
Balance—June 27, 2021 | 17,914,221 |  | $ | 6.12 |  |  | 7.07 |  | $ | 71,852 |
Exercisable—June 27, 2021 | 5,044,682 |  | $ | 3.00 |  |  | 4.79 |  | $ | 39,244 |
Vested and expected to vest—June 27, 2021 | 17,914,221 |  | $ | 6.12 |  |  | 7.07 |  | $ | 71,852 |
Summary of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the twenty-six weeks ended June 26, 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 | 439,764 |  |  | 22.45 |
Released | (57,084) |  |  | 19.65 |
Forfeited, cancelled, or expired | (158,022) |  |  | 27.41 |
Balance—June 26, 2022 | 2,617,084 |  |  | $ | 23.86 |
Summary of Stock-based Compensation Expense | A summary of stock-based compensation expense recognized during the thirteen and twenty-six weeks ended June 26, 2022 and June 27, 2021 is as follows:
| Thirteen weeks ended |  | Twenty-six weeks ended
(dollar amounts in thousands) | June 26, 2022 |  | June 27, 2021 |  | June 26, 2022 |  | June 27, 2021 |
Stock-options | $ | 2,567 |  |  | $ | 1,877 |  |  | $ | 5,099 |  |  | $ | 3,099 |  |
Restricted stock units | 11,592 |  |  | — |  | 22,176 |  |  | — |
Performance stock units | 9,048 |  |  | — |  | 18,097 |  |  | — |
Total stock-based compensation | $ | 23,207 |  |  | $ | 1,877 |  |  | $ | 45,372 |  |  | $ | 3,099 |  |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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