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STOCK - BASED COMPENSATION (Tables)

12 Months Ended

Dec. 29, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the fiscal years ended December 29, 2024 and December 31, 2023, including options assumed pursuant to the Spyce Plan, as described above:

(dollar amounts in thousands except share and 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			1,588,094												8.66
Options exercised			(929,963)												5.79
Options forfeited			(1,081,299)												11.25
Options expired			(171,366)												11.71
Balance—December 31, 2023			13,219,388												$	7.77					5.97						$	53,758
Options granted			2,367,980												19.81
Options exercised			(1,990,576)												6.42
Options forfeited			(374,453)												15.71
Options expired			(52,470)												17.65
Balance—December 29, 2024			13,169,869												9.88						6.04						$	297,037
Exercisable—December 29, 2024			10,057,794												7.77						5.18						$	247,434
Vested and expected to vest—December 29, 2024			13,169,869												9.88						6.04						$	297,037

Schedule of Fair Value Assumptions

The fair value of each option granted has been estimated as of the date of the grant using the Black-Scholes option-pricing model with the assumptions during the fiscal years ended December 29, 2024, December 31, 2023 and December 25, 2022 included in the table below. The Company has elected to account for forfeitures as they occur.

Input			Fiscal Year Ended December 29, 2024			Fiscal Year Ended December 31, 2023			Fiscal Year Ended December 25, 2022
Risk-free interest rate			3.43%-4.69%			3.50%-4.90%			1.59%-3.95%
Expected term			5.79-6.21 years			5.81-6.22 years			5.08-6.60 years
Expected Volatility			45.38%			45.11		%	44.25		%
Dividend yield			0%			0		%	0		%

Summary of RSU Activity

The following table summarizes the Company’s RSU activity for fiscal year ended December 29, 2024:

(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			535,789						20.81
Released			(479,078)						20.39
Forfeited, cancelled, or expired			(98,204)						18.70
Balance—December. 29, 2024			910,024						$	17.72

Schedule of Exercise Price Range

The founder PSUs are comprised of seven tranches that are eligible to vest based on the achievement of stock price goals, ranging from $30.0 - $75.0 per share, measured over a consecutive 90-calendar day trailing trading period during the performance period as set forth below.

			Company Stock Price Target			Number of PSUs Eligible to Vest
1			$	30.00		900,000
2			$	37.50		900,000
3			$	45.00		900,000
4			$	52.50		900,000
5			$	60.00		900,000
6			$	67.50		900,000
7			$	75.00		900,000

Summary of Stock-based Compensation Expense

A summary of stock-based compensation expense recognized fiscal years ended December 29, 2024, December 31, 2023 and December 25, 2022 is as follows:

(dollar amounts in thousands)			Fiscal Year Ended December 29, 2024			Fiscal Year Ended December 31, 2023			Fiscal Year Ended December 25, 2022
Stock-options			$11,773			$8,878			$10,505
Restricted stock units			8,546			8,557			32,037
Performance stock units			18,705			32,097			36,194
Total stock-based compensation			$39,024			$49,532			$78,736

Share-Based Payment Arrangement, Performance Shares, Activity

The following table summarizes the Company’s PSU activity for the fiscal year ended December 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			(1,800,000)						18.19
Forfeited, cancelled, or expired			(321,428)						—
Balance—December. 29, 2024			4,500,000						$	15.62

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