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STOCK - BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 25, 2023
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 25, 2023 and June 26, 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 | 1,206,794 |  | 7.95 |  |  |  |  |
Options exercised | (521,242) |  | 4.81 |  |  |  |  |
Options forfeited | (497,994) |  | 10.74 |  |  |  |  |
Options expired | (128,219) |  | 10.25 |  |  |  |  |
Balance—June 25, 2023 | 13,873,261 |  | $ | 7.86 |  |  | 6.61 |  | $ | 50,641 |
Exercisable—June 25, 2023 | 9,916,948 |  | $ | 6.48 |  |  | 5.75 |  | $ | 46,246 |
Vested and expected to vest—June 25, 2023 | 13,873,261 |  | $ | 7.86 |  |  | 6.61 |  | $ | 50,641 |
(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 | 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 |
Summary of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the twenty-six weeks ended June 25, 2023 and June 26, 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 | 353,743 |  |  | 8.67 |
Released | (298,778) |  |  | 21.52 |
Forfeited | (384,217) |  |  | 22.15 |
Balance—June 25, 2023 | 1,451,429 |  |  | 19.30 |
(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 | (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 25, 2023 and June 26, 2022 is as follows:
| Thirteen weeks ended |  | Twenty-six weeks ended
(dollar amounts in thousands) | June 25, 2023 |  | June 26, 2022 |  | June 25, 2023 |  | June 26, 2022
Stock-options | $ | 2,104 |  |  | $ | 2,567 |  |  | $ | 4,576 |  |  | $ | 5,099 |
Restricted stock units | 3,249 |  |  | 11,592 |  |  | 5,994 |  |  | 22,176 |
Performance stock units | 9,049 |  |  | 9,048 |  |  | 18,097 |  |  | 18,097 |
Total stock-based compensation | $ | 14,402 |  |  | $ | 23,207 |  |  | $ | 28,667 |  |  | $ | 45,372 |

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