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STOCK - BASED COMPENSATION (Tables)

9 Months Ended

Sep. 24, 2023

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 24, 2023 and September 25, 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			1,368,894						8.38
Options exercised			(888,309)						5.75
Options forfeited			(679,474)						11.12
Options expired			(143,397)						10.77
Balance—September 24, 2023			13,471,636						$	7.85					6.42						$	56,433
Exercisable—September 24, 2023			9,915,352						$	6.64					5.64						$	50,906
Vested and expected to vest—September 24, 2023			13,471,636						$	7.85					6.42						$	56,433

(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			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

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the thirty-nine weeks ended September 24, 2023 and September 25, 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			398,043						8.97
Released			(407,139)						21.45
Forfeited			(483,701)						21.79
Balance—September 24, 2023			1,287,884						18.77

(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			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 24, 2023 and September 25, 2022 is as follows:

			Thirteen weeks ended												Thirty-nine weeks ended
(dollar amounts in thousands)			September 24, 2023						September 25, 2022						September 24, 2023						September 25, 2022
Stock-options			$	2,140					$	2,771					$	6,716					$	7,870
Restricted stock units			2,432						5,782						8,426						27,958
Performance stock units			6,894						9,048						24,991						27,145
Total stock-based compensation			$	11,466					$	17,601					$	40,133					$	62,973

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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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