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STOCK - BASED COMPENSATION (Tables)

6 Months Ended

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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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
-Section 50
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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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