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STOCK - BASED COMPENSATION (Tables)

6 Months Ended

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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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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