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STOCK - BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2024
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 30, 2024 and June 25, 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 | 1,934,005 |  | 16.99 |  |  |  |  |
Options exercised | (1,028,184) |  | 5.26 |  |  |  |  |
Options forfeited | (244,969) |  | 14.41 |  |  |  |  |
Options expired | (40,343) |  | 18.41 |  |  |  |  |
Balance—June 30, 2024 | 13,839,897 |  | $ | 9.10 |  |  | 6.23 |  | $ | 291,551 |
Exercisable—June 30, 2024 | 10,092,047 |  | $ | 7.33 |  |  | 5.25 |  | $ | 230,247 |
Vested and expected to vest—June 30, 2024 | 13,839,897 |  | $ | 9.10 |  |  | 6.23 |  | $ | 291,551 |
(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 |
Summary of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the twenty-six weeks ended June 30, 2024 and June 25, 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 | 471,370 |  |  | 19.28 |
Released | (264,697) |  |  | 21.11 |
Forfeited | (68,260) |  |  | 18.28 |
Balance—June 30, 2024 | 1,089,930 |  |  | 17.29 |
(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 |
Summary of Stock-based Compensation Expense | A summary of stock-based compensation expense recognized during the thirteen and twenty-six weeks ended June 30, 2024 and June 25, 2023 is as follows:
| Thirteen weeks ended |  | Twenty-six weeks ended
(dollar amounts in thousands) | June 30, 2024 |  | June 25, 2023 |  | June 30, 2024 |  | June 25, 2023
Stock-options | $ | 2,957 |  |  | $ | 2,104 |  |  | $ | 5,294 |  |  | $ | 4,576 |
Restricted stock units | 3,088 |  |  | 3,249 |  |  | 4,736 |  |  | 5,994 |
Performance stock units | 4,858 |  |  | 9,049 |  |  | 10,499 |  |  | 18,097 |
Total stock-based compensation | $ | 10,903 |  |  | $ | 14,402 |  |  | $ | 20,529 |  |  | $ | 28,667 |

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