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STOCK - BASED COMPENSATION (Tables)

6 Months Ended

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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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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-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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