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STOCK - BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 28, 2025
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 28, 2025 and September 29, 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 | 2,141,347 |  | 18.23 |  |  |  |  |
Options exercised | (380,345) |  | 8.04 |  |  |  |  |
Options forfeited | (834,943) |  | 18.77 |  |  |  |  |
Options expired | (60,737) |  | 18.03 |  |  |  |  |
Balance—September 28, 2025 | 14,035,191 |  | $ | 10.65 |  |  | 5.65 |  | $ | 18,446 |
Exercisable—September 28, 2025 | 10,704,215 |  | $ | 8.54 |  |  | 4.61 |  | $ | 18,339 |
Vested and expected to vest—September 28, 2025 | 14,035,191 |  | $ | 10.65 |  |  | 5.65 |  | $ | 18,446 |
(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 |
Summary of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the thirty-nine weeks ended September 28, 2025 and September 29, 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 | 458,281 |  |  | 15.74 |
Released | (639,522) |  |  | 19.21 |
Forfeited | (164,972) |  |  | 17.22 |
Balance—September 28, 2025 | 563,811 |  |  | 14.57 |
(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 |
Summary of Stock-based Compensation Expense | A summary of stock-based compensation expense recognized during the thirteen and thirty-nine weeks ended September 28, 2025 and September 29, 2024 is as follows:
| Thirteen weeks ended |  | Thirty-nine weeks ended
(dollar amounts in thousands) | September 28, 2025 |  | September 29, 2024 |  | September 28, 2025 |  | September 29, 2024
Stock-options | $ | 2,790 |  |  | $ | 3,107 |  |  | $ | 8,601 |  |  | $ | 8,401 |
Restricted stock units | 1,040 |  |  | 1,909 |  |  | 7,591 |  |  | 6,645 |
Performance stock units | 1,981 |  |  | 4,669 |  |  | 7,840 |  |  | 15,168 |
Total stock-based compensation | $ | 5,811 |  |  | $ | 9,685 |  |  | $ | 24,032 |  |  | $ | 30,214 |
Schedule of Nonvested Performance-Based Units Activity | During thirteen weeks ended September 28, 2025, the Company approved a modification to certain restricted stock units awards in connection with the transition of a former executive from an employee to a non-employee consultant. The modification provided for (i) continued vesting of certain awards during the consulting period and (ii) immediate vesting of any remaining unvested restricted stock units at the completion of the consulting period. The fair value of each modified RSU has been estimated using the current stock price as of the modification date. The incremental expense will be recognized as additional stock-based compensation expense over the remaining requisite service period. For the thirteen weeks ended September 28, 2025, the incremental expense related to RSUs was immaterial, and thus, no additional expense was recorded during the current quarter. Accordingly, the impact of the modification is not reflected in the tables presented above. The Company expects to recognize the remaining incremental restricted stock unit expense of $0.1 million related to this modification across the six month consulting period. The fair value of shares released as of the vesting date during the thirty-nine weeks ended September 28, 2025 was $12.3 million. As of September 28, 2025, unrecognized compensation expense related to RSUs was $7.5 million and is expected to be recognized over a weighted average period of 2.12 years.

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