XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.25.1

Stock-based Compensation Plans | 3 Months Ended
--- | ---
Mar. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Stock-based Compensation Plans | Stock-based Compensation Plans The following table presents a summary of the Company’s performance-based share units (“PSUs”) and restricted stock units (“RSUs”) 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 29, 2024 | 722 |  |  | 1,044 |  |  | $ | 27.42 |  |  | $ | 19.80 |  |  | $ | 8,860 |  |  | $ | 12,814 |
Granted (2) | 312 |  |  | 727 |  |  | $ | 7.75 |  |  | $ | 7.83 |  |  |  |  |
Performance adjustment (3) | (229) |  |  | — |  |  | $ | 26.10 |  |  | $ | — |  |  |  |  |
Vested | — |  |  | (184) |  |  | $ | — |  |  | $ | 23.88 |  |  |  |  |
Forfeited | (172) |  |  | (129) |  |  | $ | 27.81 |  |  | $ | 22.55 |  |  |  |  |
Outstanding as of March 30, 2025 | 633 |  |  | 1,458 |  |  | $ | 18.12 |  |  | $ | 13.06 |  |  | $ | 4,692 |  |  | $ | 10,801 |
Expected to vest as of March 30, 2025 (4) | 312 |  |  | 1,458 |  |  |  |  |  |  | $ | 2,309 |  |  | $ | 10,801 |
________________ (1)Based on the $12.27 and $7.41 share price of the Company’s common stock on December 27, 2024 and March 28, 2025, the last trading day of the year ended December 29, 2024 and thirteen weeks ended March 30, 2025, respectively. (2)The weighted average dividend yield was 6.40% and 6.46% for PSUs and RSUs, respectively. For PSU’s, a new performance structure was used for grants beginning in 2025. The new structure contains separate performance goals that are set at the beginning of each of the three annual performance periods and cliff vest after three years. (3)Represents adjustment to 0% payout for PSUs granted during 2022. (4)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 2023, 2024 and 2025 PSU award agreements. The following represents unrecognized stock-based compensation expense and the remaining weighted average recognition period as of March 30, 2025:
| UNRECOGNIZED COMPENSATION EXPENSE (dollars in thousands) |  | REMAINING WEIGHTED AVERAGE RECOGNITION PERIOD (in years)
Performance-based share units | $ | 2,349 |  |  | 2.9
Restricted stock units | $ | 14,925 |  |  | 2.3

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration