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STOCK - BASED COMPENSATION (Tables)

9 Months Ended

Sep. 29, 2024

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 29, 2024 and September 24, 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			2,256,183						19.02
Options exercised			(1,507,226)						6.44
Options forfeited			(316,223)						14.81
Options expired			(44,574)						18.16
Balance—September 29, 2024			13,607,548						$	9.59					6.16						$	358,760
Exercisable—September 29, 2024			10,041,326						$	7.46					5.20						$	286,048
Vested and expected to vest—September 29, 2024			13,607,548						$	9.59					6.16						$	358,760

(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

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the thirty-nine weeks ended September 29, 2024 and September 24, 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			518,177						20.36
Released			(369,355)						20.63
Forfeited			(84,042)						18.46
Balance—September 29, 2024			1,016,297						17.67

(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

Summary of Stock-based Compensation Expense

A summary of stock-based compensation expense recognized during the thirteen and thirty-nine weeks ended September 29, 2024 and September 24, 2023 is as follows:

			Thirteen weeks ended												Thirty-nine weeks ended
(dollar amounts in thousands)			September 29, 2024						September 24, 2023						September 29, 2024						September 24, 2023
Stock-options			$	3,107					$	2,140					$	8,401					$	6,716
Restricted stock units			1,909						2,432						6,645						8,426
Performance stock units			4,669						6,894						15,168						24,991
Total stock-based compensation			$	9,685					$	11,466					$	30,214					$	40,133

Schedule of Nonvested Performance-Based Units Activity

The following table summarizes the Company’s PSU activity for the thirty-nine weeks ended September 29, 2024:

(dollar amounts in thousands except per share amounts)			Number of Shares						Weighted-Average Grant Date Fair Value
Balance—December 31, 2023			6,621,428						$	15.56
Granted			—						—
Released			(900,000)						18.55
Forfeited			(321,428)						—
Balance—September 29, 2024			5,400,000						$	15.99

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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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-Topic 718
-SubTopic 10
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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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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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