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STOCK - BASED COMPENSATION (Tables)

9 Months Ended

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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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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