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STOCK - BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2024
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 31, 2024 and March 26, 2023:
(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 31, 2023 | 13,219,388 |  | $ | 7.77 |  |  | 5.97 |  | $ | 53,758 |
Options granted | 1,720,782 |  | 15.52 |  |  |  |  |
Options exercised | (257,201) |  | 7.74 |  |  |  |  |
Options forfeited | (80,989) |  | 13.51 |  |  |  |  |
Options expired | (32,840) |  | 18.97 |  |  |  |  |
Balance—March 31, 2024 | 14,569,140 |  | $ | 8.63 |  |  | 6.26 |  | $ | 242,599 |
Exercisable—March 31, 2024 | 10,419,232 |  | $ | 6.92 |  |  | 5.19 |  | $ | 191,264 |
Vested and expected to vest—March 31, 2024 | 14,569,140 |  | $ | 8.63 |  |  | 6.26 |  | $ | 242,599 |
(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 |
Summary of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the thirteen weeks ended March 31, 2024 and March 26, 2023:
(dollar amounts in thousands except per share amounts) | Number of Shares |  | Weighted-Average Grant Date Fair Value
Balance—December 31, 2023 | 951,517 |  |  | $ | 17.41 |
Granted | 369,031 |  |  | 16.83 |
Released | (116,649) |  |  | 18.41 |
Forfeited | (25,988) |  |  | 17.47 |
Balance—March 31, 2024 | 1,177,911 |  |  | 17.13 |
(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 |
Summary of Stock-based Compensation Expense | A summary of stock-based compensation expense recognized during the thirteen weeks ended March 31, 2024 and March 26, 2023 is as follows:
| Thirteen weeks ended |  |
(dollar amounts in thousands) | March 31, 2024 |  | March 26, 2023 |  |  |  |
Stock-options | $ | 2,336 |  |  | $ | 2,472 |  |  |  |  |
Restricted stock units | 1,648 |  |  | 2,745 |  |  |  |  |
Performance stock units | 5,642 |  |  | 9,048 |  |  |  |  |
Total stock-based compensation | $ | 9,626 |  |  | $ | 14,265 |  |  |  |  |

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