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STOCK - BASED COMPENSATION (Tables)

3 Months Ended

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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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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