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STOCK - BASED COMPENSATION (Tables)

9 Months Ended

Sep. 25, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the thirty-nine weeks ended September 25, 2022 and September 26, 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			741,118						22.64
Options exercised			(819,454)						4.85
Options forfeited			(252,190)						13.44
Options expired			(32,272)						6.94
Balance—September 25, 2022			13,410,616						$	7.74					6.99						$	125,586
Exercisable—September 25, 2022			9,254,215						$	5.77					6.27						$	102,364
Vested and expected to vest—September 25, 2022			13,410,616						$	7.74					6.99						$	125,586

(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 assumed			85,757						8.95
Options granted			5,102,710						11.20
Options exercised			(5,143,937)						4.95
Options forfeited			(527,434)						6.84
Options expired			(85,100)						5.43
Balance—September 26, 2021			14,044,726						$	6.92					7.29						$	114,172
Exercisable—September 26, 2021			4,615,134						$	4.33					4.83						$	42,619
Vested and expected to vest—September 26, 2021			14,044,726						$	6.92					7.29						$	114,172

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the thirty-nine weeks ended September 25, 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			566,245						21.59
Released			(588,620)						22.15
Forfeited			(306,399)						26.06
Balance—September 25, 2022			2,063,652						$	23.77

Summary of Stock-based Compensation Expense

A summary of stock-based compensation expense recognized during the thirteen and thirty-nine weeks ended September 25, 2022 and September 26, 2021 is as follows:

			Thirteen weeks ended												Thirty-nine weeks ended
(dollar amounts in thousands)			September 25, 2022						September 26, 2021						September 25, 2022						September 26, 2021
Stock-options			$	2,771					$	3,008					$	7,870					$	6,104
Restricted stock units			5,782						—						27,958						—
Performance stock units			9,048						—						27,145						—
Total stock-based compensation			$	17,601					$	3,008					$	62,973					$	6,104

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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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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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