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STOCK - BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 28, 2026
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 28, 2026 and June 29, 2025:
(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 28, 2025 | 14,070,559 |  | $ | 10.35 |  |  | 5.30 |  | $ | 12,769 |
Options granted | 1,417,862 |  | 5.76 |  |  |  |  |
Options exercised | (11,599) |  | 5.01 |  |  |  |  |
Options forfeited | (490,510) |  | 20.82 |  |  |  |  |
Options expired | (348,290) |  | 13.22 |  |  |  |  |
Balance—June 28, 2026 | 14,638,022 |  | $ | 9.49 |  |  | 4.98 |  | $ | 29,803 |
Exercisable—June 28, 2026 | 11,215,186 |  | $ | 8.94 |  |  | 3.76 |  | $ | 24,180 |
Vested and expected to vest—June 28, 2026 | 14,638,022 |  | $ | 9.49 |  |  | 4.98 |  | $ | 29,803 |
(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 |
Summary of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the twenty-six weeks ended June 28, 2026 and June 29, 2025:
(dollar amounts in thousands except per share amounts) | Number of Shares |  | Weighted-Average Grant Date Fair Value
Balance—December 28, 2025 | 783,226 |  |  | $ | 12.71 |
Granted | 1,425,463 |  |  | 6.54 |
Released | (331,327) |  |  | 12.34 |
Forfeited | (91,609) |  |  | 14.19 |
Balance—June 28, 2026 | 1,785,753 |  |  | $ | 7.78 |
(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 |
Summary of Stock-based Compensation Expense | A summary of stock-based compensation expense recognized during the thirteen and twenty-six weeks ended June 28, 2026 and June 29, 2025 is as follows:
| Thirteen weeks ended |  | Twenty-six weeks ended
(dollar amounts in thousands) | June 28, 2026 |  | June 29, 2025 |  | June 28, 2026 |  | June 29, 2025
Stock-options | $ | 2,124 |  |  | $ | 3,193 |  |  | $ | 5,765 |  |  | $ | 5,811 |
Restricted stock units | 2,854 |  |  | 2,344 |  |  | 4,358 |  |  | 6,552 |
Performance stock units | 200 |  |  | 2,463 |  |  | 859 |  |  | 5,858 |
Total stock-based compensation | $ | 5,178 |  |  | $ | 8,000 |  |  | $ | 10,982 |  |  | $ | 18,221 |
Share-Based Payment Arrangement, Performance Shares, Outstanding Activity | The following table summarizes the Company’s PSU activity for the twenty-six weeks ended June 28, 2026:
(dollar amounts in thousands except per share amounts) | Number of Shares |  | Weighted-Average Grant Date Fair Value
Balance—December 28, 2025 | 4,500,000 |  |  | $ | 15.62 |
Granted | 400,000 |  |  | 6.05 |
Released | — |  |  | — |
Forfeited | — |  |  | — |
Balance—June 28, 2026 | 4,900,000 |  |  | $ | 14.84 |

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