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STOCK - BASED COMPENSATION (Tables)
12 Months Ended
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
%%%
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, 2024910,024 $17.72 
Granted752,781 13.49 
Released
(690,957)18.87 
Forfeited, cancelled, or expired
(188,622)17.48 
Balance—December. 28, 2025783,226 $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 TargetNumber 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
8,7528,5468,557
Performance stock units
9,11818,70532,097
Total stock-based compensation
$36,475$39,024$49,532
Share-Based Payment Arrangement, Performance Shares, Activity