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STOCK - BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 28, 2025
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity | The following table summarizes the Company’s stock option activity for the fiscal years ended December 28, 2025 and December 29, 2024:
(dollar amounts in thousands except share and 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 | 2,367,980 |  |  | 19.81 |  |  |  |  |
Options exercised | (1,990,576) |  |  | 6.42 |  |  |  |  |
Options forfeited | (374,453) |  |  | 15.71 |  |  |  |  |
Options expired | (52,470) |  |  | 17.65 |  |  |  |  |
Balance—December 29, 2024 | 13,169,869 |  |  | $ | 9.88 |  |  | 6.04 |  | $ | 297,037 |
Options granted | 2,608,147 |  |  | 16.26 |  |  |  |  |
Options exercised | (408,345) |  |  | 7.75 |  |  |  |  |
Options forfeited | (1,085,348) |  |  | 18.52 |  |  |  |  |
Options expired | (213,764) |  |  | 17.81 |  |  |  |  |
Balance—December 28, 2025 | 14,070,559 |  |  | $ | 10.35 |  |  | 5.30 |  | $ | 12,769 |
Exercisable—December 28, 2025 | 10,804,076 |  |  | $ | 8.62 |  |  | 4.30 |  | $ | 12,693 |
Vested and expected to vest—December 28, 2025 | 14,070,559 |  |  | $ | 10.35 |  |  | 5.30 |  | $ | 12,769 |
Schedule of Fair Value Assumptions | The fair value of each option granted has been estimated as of the date of the grant using the Black-Scholes option-pricing model with the assumptions during the fiscal years ended December 28, 2025, December 29, 2024 and December 31, 2023 included in the table below. The Company has elected to account for forfeitures as they occur.
Input | Fiscal Year Ended December 28, 2025 |  | Fiscal Year Ended December 29, 2024 |  | Fiscal Year Ended December 31, 2023
Risk-free interest rate | 3.7%-4.3% |  | 3.4%-4.7% |  | 3.5%-4.9%
Expected term | 5.7-6.3 years |  | 5.8-6.2 years |  | 5.8-6.2 years
Expected Volatility | 47.8 | % |  | 45.4 | % |  | 45.1 | %
Dividend yield | 0 | % |  | 0 | % |  | 0 | %
Summary of RSU Activity | The following table summarizes the Company’s RSU activity for fiscal year ended December 28, 2025:
(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 | 752,781 |  |  | 13.49 |
Released | (690,957) |  |  | 18.87 |
Forfeited, cancelled, or expired | (188,622) |  |  | 17.48 |
Balance—December. 28, 2025 | 783,226 |  |  | $ | 12.71 |
Schedule of Exercise Price Range | The founder PSUs are comprised of seven tranches that are eligible to vest based on the achievement of stock price goals, ranging from $30.0 - $75.0 per share, measured over a consecutive 90-calendar day trailing trading period during the performance period as set forth below.
| Company Stock Price Target | Number of PSUs Eligible to Vest
1 | $ | 30.00 |  | 900,000 |
2 | $ | 37.50 |  | 900,000 |
3 | $ | 45.00 |  | 900,000 |
4 | $ | 52.50 |  | 900,000 |
5 | $ | 60.00 |  | 900,000 |
6 | $ | 67.50 |  | 900,000 |
7 | $ | 75.00 |  | 900,000 |
Summary of Stock-based Compensation Expense | A summary of stock-based compensation expense recognized fiscal years ended December 28, 2025, December 29, 2024 and December 31, 2023 is as follows:
(dollar amounts in thousands) | Fiscal Year Ended December 28, 2025 |  | Fiscal Year Ended December 29, 2024 |  | Fiscal Year Ended December 31, 2023
Stock-options | $18,605 |  | $11,773 |  | $8,878
Restricted stock units | 8,752 |  | 8,546 |  | 8,557
Performance stock units | 9,118 |  | 18,705 |  | 32,097
Total stock-based compensation | $36,475 |  | $39,024 |  | $49,532
Share-Based Payment Arrangement, Performance Shares, Activity |

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