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Stock-based and Deferred Compensation Plans (Tables) | 12 Months Ended
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Dec. 29, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of compensation cost for share-based payment arrangements, allocation of share-based compensation costs | The Company recognized stock-based compensation expense as follows for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2024 |  | 2023 |  | 2022
Stock-based compensation expense, net of capitalized expense (1) | $ | 7,415 |  |  | $ | 11,613 |  |  | $ | 16,134 |
________________ (1)For 2024, 2023 and 2022, includes a cumulative life-to-date adjustment to decrease expense for PSUs granted in fiscal years 2024 and 2023, 2022 and 2020, respectively, based on updated assumptions regarding the criteria set forth in the award agreements.
Schedule of nonvested performance-based units and restricted stock units activity | The following table presents a summary of the Company’s PSU and RSU activity:
|  |  |  |  | WEIGHTED AVERAGE GRANT DATE FAIR VALUE PER UNIT |  | AGGREGATE INTRINSIC VALUE (1)
(in thousands, except per unit data) | PSUs |  | RSUs |  | PSUs |  | RSUs |  | PSUs |  | RSUs
Outstanding as of December 31, 2023 | 818 |  |  | 631 |  |  | $ | 26.92 |  |  | $ | 23.58 |  |  | $ | 23,026 |  |  | $ | 17,757 |
Granted | 290 |  |  | 807 |  |  | $ | 27.26 |  |  | $ | 18.76 |  |  |  |  |
Performance adjustment (2) | 237 |  |  | — |  |  | $ | 25.40 |  |  | $ | — |  |  |  |  |
Vested | (473) |  |  | (321) |  |  | $ | 25.40 |  |  | $ | 23.73 |  |  |  |  |
Forfeited | (150) |  |  | (73) |  |  | $ | 27.55 |  |  | $ | 23.93 |  |  |  |  |
Outstanding as of December 29, 2024 | 722 |  |  | 1,044 |  |  | $ | 27.42 |  |  | $ | 19.80 |  |  | $ | 8,860 |  |  | $ | 12,814 |
Expected to vest as of December 29, 2024 (3) | 132 |  |  | 1,044 |  |  |  |  |  |  | $ | 1,618 |  |  | $ | 12,814 |
________________ (1)Based on the $28.15 and $12.27 share price of the Company’s common stock on December 29, 2023 and December 27, 2024, the last trading day of the years ended December 31, 2023 and December 29, 2024, respectively. (2)Represents adjustment to 200% payout for PSUs granted during 2021. (3)For PSUs, estimated number of units to be issued upon the vesting of outstanding PSUs based on Company performance projections of performance criteria set forth in the 2022, 2023 and 2024 PSU award agreements.
Schedule of employee service share-based compensation, allocation of recognized period costs | The following represents PSU and RSU compensation information for the periods indicated:
| FISCAL YEAR
| 2024 |  | 2023 |  | 2022
(dollars in thousands, except per unit data) | PSUs |  | RSUs |  | PSUs |  | RSUs |  | PSUs |  | RSUs
Grant date fair value per unit (1) | $ | 27.26 |  |  | $ | 18.76 |  |  | $ | 29.01 |  |  | $ | 24.18 |  |  | $ | 26.10 |  |  | $ | 21.59 |
Intrinsic value for vested units | $ | 12,593 |  |  | $ | 8,072 |  |  | $ | 12,908 |  |  | $ | 10,275 |  |  | $ | 7,626 |  |  | $ | 9,070 |
Grant date fair value of vested units | $ | 12,025 |  |  | $ | 7,603 |  |  | $ | 9,332 |  |  | $ | 8,257 |  |  | $ | 6,646 |  |  | $ | 8,025 |
Tax benefits for compensation expense | $ | 622 |  |  | $ | 1,152 |  |  | $ | 745 |  |  | $ | 1,528 |  |  | $ | 348 |  |  | $ | 1,113 |
Unrecognized expense | $ | 2,595 |  |  | $ | 14,309 |  |  |  |  |  |  |  |  |
Remaining weighted average vesting period | 2.2 years |  | 2.0 years |  |  |  |  |  |  |  |
________________ (1)For PSUs, represents a (discount) premium above the grant date per share value of the Company’s common stock for the Relative TSR modifier of (1.6)%, 2.7% and 7.9% for grants during 2024, 2023 and 2022, respectively. For RSUs, the weighted average dividend yield was 4.83%, 3.63% and 2.43% for 2024, 2023 and 2022, respectively.
Performance-based share units |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Monte Carlo schedule of assumptions used to calculate fair value of PSUs | Assumptions used in the Monte Carlo simulation model and the grant date fair value of PSUs granted were as follows for the periods indicated:
| FISCAL YEAR
| 2024 |  | 2023 |  | 2022 |  |
Assumptions: |  |  |  |  |  |  |
Risk-free interest rate (1) | 4.37 | % |  | 4.26 | % |  | 1.64 | % |  |
Dividend yield (2) | 3.49 | % |  | 3.47 | % |  | 2.31 | % |  |
Volatility (3) | 51.41 | % |  | 51.02 | % |  | 49.11 | % |  |
________________ (1)Risk-free interest rate is the U.S. Treasury yield curve in effect as of the grant date for the performance period of the unit. (2)Dividend yield is the level of dividends expected to be paid on the Company’s common stock over the expected term. (3)Based on the historical volatility of the Company’s stock over the last seven years.
Stock options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of employee service share-based compensation, allocation of recognized period costs | The following represents stock option compensation information for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2024 |  | 2023 |  | 2022
Intrinsic value of options exercised | $ | 718 |  |  | $ | 6,200 |  |  | $ | 6,367 |
Cash received from option exercises, net of tax withholding | $ | 4,354 |  |  | $ | 31,778 |  |  | $ | 17,888 |
Grant date fair value of stock options vested | $ | — |  |  | $ | 1,037 |  |  | $ | 7,645 |
Tax benefits for stock option compensation expense | $ | 111 |  |  | $ | 757 |  |  | $ | 1,495 |
Schedule of share-based compensation, stock options, activity | The following table presents a summary of the Company’s stock option activity:
(in thousands, except exercise price and contractual life data) | OPTIONS |  | WEIGHTED AVERAGE EXERCISE PRICE |  | WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE (YEARS) |  | AGGREGATE INTRINSIC VALUE
Outstanding as of December 31, 2023 | 1,725 |  |  | $ | 21.04 |  |  | 3.2 |  | $ | 12,263 |
Exercised | (298) |  |  | $ | 23.74 |  |  |  |  |
Forfeited or expired | (227) |  |  | $ | 22.58 |  |  |  |  |
Outstanding and exercisable as of December 29, 2024 (1) | 1,200 |  |  | $ | 20.08 |  |  | 2.1 |  | $ | — |
________________ (1)No stock options were granted during 2024.

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