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STOCK - BASED COMPENSATION (Tables)

3 Months Ended

Mar. 30, 2025

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 30, 2025 and March 31, 2024:

(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 29, 2024			13,169,869						$	9.88					6.04						$	297,037
Options granted			1,218,048						23.80
Options exercised			(210,708)						8.03
Options forfeited			(58,903)						21.31
Options expired			(18,696)						14.10
Balance—March 30, 2025			14,099,610						$	11.06					6.16						$	207,895
Exercisable—March 30, 2025			10,171,502						$	7.95					5.05						$	179,084
Vested and expected to vest—March 30, 2025			14,099,610						$	11.06					6.16						$	207,895

(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

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the thirteen weeks ended March 30, 2025 and March 31, 2024:

(dollar amounts in thousands except per share amounts)			Number of Shares						Weighted-Average Grant Date Fair Value
Balance—December 29, 2024			910,024						$	17.72
Granted			181,377						23.59
Released			(341,116)						20.56
Forfeited			(13,084)						20.24
Balance—March 30, 2025			737,201						17.81

(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

Summary of Stock-based Compensation Expense

A summary of stock-based compensation expense recognized during the thirteen weeks ended March 30, 2025 and March 31, 2024 is as follows:

			Thirteen weeks ended
(dollar amounts in thousands)			March 30, 2025						March 31, 2024
Stock-options			$	2,618					$	2,336
Restricted stock units			4,208						1,648
Performance stock units			3,395						5,642
Total stock-based compensation			$	10,221					$	9,626

Schedule of Nonvested Performance-Based Units Activity

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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 performance-based 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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