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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 29, 2024

Share-Based Payment Arrangement [Abstract]

Summary of stock-based compensation expense

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Fiscal Quarter Ended

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Two Fiscal Quarters Ended

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June 29, 2024

July 1, 2023

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June 29, 2024

July 1, 2023

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Cost of sales

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$

—

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$

(626)

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$

—

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$

(200)

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Selling, general, and administrative

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2,100

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6,390

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3,343

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12,733

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$

2,100

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$

5,764

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$

3,343

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$

12,533

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Nonvested Restricted Stock Shares Activity [Table Text Block]

The following table represents the Company’s restricted stock awards activity during the two fiscal quarters ended June 29, 2024:

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​	​	​	​	​	​
​	​	​	​	Weighted-
​	​	​	​	Average Grant-
​		Shares		Date Fair Value
Outstanding at January 1, 2024		42,886	​	$	19.00
Granted		—	​		—
Vested		(21,443)	​		19.00
Forfeited		—	​		—
Outstanding at June 29, 2024		21,443	​	$	19.00

Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

The following table represents the Company’s restricted stock units activity during the two fiscal quarters ended June 29, 2024:

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​	​	​	​	​	​
​		​		Weighted-
​	​	​	​	Average Grant-
​	​	Shares	​	Date Fair Value
Outstanding at January 1, 2024		2,235,479	​	$	3.60
Granted		2,616,819	​		2.87
Vested		(598,715)	​		3.60
Forfeited		(115,296)	​		2.95
Outstanding at June 29, 2024		4,138,287	​	$	3.16

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

The following table represents the Company’s stock options activity during the two fiscal quarters ended June 29, 2024:

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​	​	​		​	Weighted-		Weighted-		​	​
​	​	​	​	​	Average	​	Average	​	​	​
​	​	​	​	Exercise Price		​	Remaining	​	Aggregate
​		Shares		per Share			Contract Term		Intrinsic Value
​		​		​	​	​	(in years)	​	(in thousands)
Outstanding at January 1, 2024		1,554,294	​	$	15.43		​	​	​	​
Granted		—	​	​	—			​
Exercised		—	​		—			​
Forfeited		(50,433)	​		16.88			​
Expired	​	(82,007)	​	​	17.79	​	​	​	​	​
Outstanding at June 29, 2024		1,421,854	​	$	15.25		7.39	​	$	—
Vested and expected to vest at June 29, 2024		1,421,854	​	$	15.25		7.39	​	$	—
Options exercisable at June 29, 2024		779,935	​	$	16.45		7.19	​	$	—

Schedule of stock appreciation rights activity

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​	​	​	​	​	​	​	​	​	​	​
​	​	​		​	Weighted-		Weighted-		​	​
​	​	​	​	​	Average	​	Average	​	​	​
​	​	​	​	Exercise Price		​	Remaining	​	Aggregate
​		Shares		per Share			Contract Term		Intrinsic Value
​		​		​	​	​	(in years)	​	(in thousands)
Outstanding at January 1, 2024		755,802	​	$	3.16		​	​	​	​
Granted		—	​	​	—			​
Exercised		—	​		—			​
Forfeited		(49,342)	​		3.24			​
Outstanding at June 29, 2024		706,460	​	$	3.15		8.88	​	$	48,280
Vested and expected to vest at June 29, 2024		706,460	​	$	3.15		8.88	​	$	48,280
Stock appreciation rights exercisable at June 29, 2024		161,893	​	$	3.24		8.84	​	$	—

Schedule of PSU activity

The following table represents the Company’s PSU activity during the two fiscal quarters ended June 29, 2024:

​	​	​	​	​	​
​	​	​			Weighted-
​	​	​	​		Average
​	​	​	​		Grant Date
​		Shares			Fair Value
​		​		​	​
Outstanding at January 1, 2024		—	​	$	—
Granted		443,100	​	​	2.91
Adjustment for expected performance achievement (1)		—	​	​	—
Forfeited		—	​	​	—
Outstanding at June 29, 2024 (2)		443,100	​	$	2.91

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(1)Represents the adjustment to previously granted PSUs based on the Company’s performance expectations as of June 29, 2024.

(2)An additional 443,100 PSUs could potentially be included if the maximum performance level of 200% is earned for all PSUs outstanding as of June 29, 2024.

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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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 number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year.

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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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