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Employee Benefit Plans (Tables) | 9 Months Ended
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Sep. 29, 2024
Employee Benefit and Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Schedule of Stock Option Activity | Stock option activity was as follows:
(In thousands, except per share amounts) |  | Number of Shares |  |  | Weighted Average Exercise Price Per Share |  |
Outstanding as of December 31, 2023 |  |  | 866 |  |  | $ | 30.70 |  |
Exercised |  |  | (17 | ) |  |  | 18.58 |  |
Expired |  |  | (209 | ) |  | $ | 30.26 |  |
Outstanding as of September 29, 2024 |  |  | 640 |  |  | $ | 31.16 |  |
Schedule of Time-Based RSU Activity | Time-based RSU activity was as follows:
(In thousands, except per share amounts) |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value Per Share |
Outstanding as of December 31, 2023 |  |  | 1,567 |  |  | $ | 22.83 |
Granted |  |  | 1,493 |  |  | $ | 14.36 |
Vested |  |  | (728 | ) |  | $ | 23.07 |
Cancelled |  |  | (192 | ) |  | $ | 19.86 |
Outstanding as of September 29, 2024 |  |  | 2,140 |  |  | $ | 16.95 |
Schedule of PSU Activity | PSU activity was as follows:
(In thousands, except per share amounts) |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value Per Share |
Outstanding as of December 31, 2023 |  |  | 417 |  |  | $ | 24.76 |
Granted |  |  | 575 |  |  | $ | 20.25 |
Cancelled |  |  | (357 | ) |  | $ | 25.86 |
Outstanding as of September 29, 2024 |  |  | 635 |  |  | $ | 20.06 |
Schedule of Total Stock-Based Compensation Expense Resulting from Stock Options, RSUs, Time-Based and Performance-Based and the ESPP | Valuation and Expense Information The following table sets forth the stock-based compensation expense resulting from stock options, RSUs (time-based and performance-based) and the ESPP included in the Company’s unaudited condensed consolidated statements of operations:
|  | Three Months Ended |  |  | Nine Months Ended |
(In thousands) |  | September 29, 2024 |  |  | October 1, 2023 |  |  | September 29, 2024 |  |  | October 1, 2023 |
Cost of revenue |  | $ | 444 |  |  | $ | 354 |  |  | $ | 1,222 |  |  | $ | 1,047 |
Research and development |  |  | 868 |  |  |  | 841 |  |  |  | 2,410 |  |  |  | 3,050 |
Sales and marketing |  |  | 1,520 |  |  |  | 1,271 |  |  |  | 3,992 |  |  |  | 4,099 |
General and administrative |  |  | 2,788 |  |  |  | 1,819 |  |  |  | 8,428 |  |  |  | 5,441 |
Total |  | $ | 5,620 |  |  | $ | 4,285 |  |  | $ | 16,052 |  |  | $ | 13,637 |

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