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STOCK - BASED COMPENSATION (Tables)

3 Months Ended

Mar. 26, 2023

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 26, 2023 and March 27, 2022:

(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 25, 2022			13,813,922						$	7.86					6.63						$	34,454
Options granted			1,014,844						7.95
Options exercised			(160,964)						4.77
Options forfeited			(256,242)						8.66
Options expired			(44,238)						11.09
Balance—March 26, 2023			14,367,322						$	7.88					6.75						$	17,845
Exercisable—March 26, 2023			9,945,317						$	6.24					5.79						$	17,638
Vested and expected to vest—March 26, 2023			14,367,322						$	7.88					6.75						$	17,845

(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 assumed			—						—
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

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the thirteen weeks ended March 26, 2023 and March 27, 2022:

(dollar amounts in thousands except per share amounts)			Number of Shares						Weighted-Average Grant Date Fair Value
Balance—December 25, 2022			1,780,681						$	23.40
Granted			214,431						8.42
Released			(155,558)						22.15
Forfeited			(229,151)						22.65
Balance—March 26, 2023			1,610,403						$	23.77

(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			(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 26, 2023 and March 27, 2022 is as follows:

			Thirteen weeks ended
(dollar amounts in thousands)			March 26, 2023						March 27, 2022
Stock-options			$	2,472					$	2,532
Restricted stock units			2,745						10,584
Performance stock units			9,048						9,049
Total stock-based compensation			$	14,265					$	22,165

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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
-SubTopic 10
-Section 50
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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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