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STOCK - BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 29, 2025
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 29, 2025 and June 30, 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 | 1,524,847 |  | 22.09 |  |  |  |  |
Options exercised | (323,369) |  | 8.43 |  |  |  |  |
Options forfeited | (552,630) |  | 17.48 |  |  |  |  |
Options expired | (26,467) |  | 17.47 |  |  |  |  |
Balance—June 29, 2025 | 13,792,250 |  | $ | 10.95 |  |  | 5.82 |  | $ | 64,407 |
Exercisable—June 29, 2025 | 10,425,334 |  | $ | 8.23 |  |  | 4.81 |  | $ | 60,880 |
Vested and expected to vest—June 29, 2025 | 13,792,250 |  | $ | 10.95 |  |  | 5.82 |  | $ | 64,407 |
(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 |
Summary of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the twenty-six weeks ended June 29, 2025 and June 30, 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 | 308,281 |  |  | 19.31 |
Released | (524,848) |  |  | 19.20 |
Forfeited | (120,070) |  |  | 15.73 |
Balance—June 29, 2025 | 573,387 |  |  | 17.65 |
(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 |
Summary of Stock-based Compensation Expense | A summary of stock-based compensation expense recognized during the thirteen and twenty-six weeks ended June 29, 2025 and June 30, 2024 is as follows:
| Thirteen weeks ended |  | Twenty-six weeks ended
(dollar amounts in thousands) | June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
Stock-options | $ | 3,193 |  |  | $ | 2,957 |  |  | $ | 5,811 |  |  | $ | 5,294 |
Restricted stock units | 2,344 |  |  | 3,088 |  |  | 6,552 |  |  | 4,736 |
Performance stock units | 2,463 |  |  | 4,858 |  |  | 5,858 |  |  | 10,499 |
Total stock-based compensation | $ | 8,000 |  |  | $ | 10,903 |  |  | $ | 18,221 |  |  | $ | 20,529 |
Schedule of Nonvested Performance-Based Units Activity |

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