XML 42 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1

STOCK - BASED COMPENSATION (Tables)

6 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration