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Share-based Compensation
 9 Months Ended
Oct. 02, 2022
Share-Based Payment Arrangement [Abstract]  
Share-based Compensation Share-based Compensation
Restricted Stock Units (“RSUs”)
The Company and certain of its subsidiaries issue time-vested RSUs under their respective executive ownership plans and long-term incentive plans.
RSU activity under the Company’s various plans during the periods presented is as follows:
(in thousands, except per share amounts)Non-vested shares outstanding at January 2,
2022		GrantedVestedForfeitedNon-vested shares outstanding at October 2,
2022
KKI
RSUs
5,866 995 281 801 5,779 
Weighted Average Grant Date Fair Value
$13.78 14.34 9.54 14.18 $14.03 
KKUK
RSUs
60 — — — 60 
Weighted Average Grant Date Fair Value
$15.77 — — — $15.77 
Insomnia Cookies
RSUs
33 10 1 5 37 
Weighted Average Grant Date Fair Value
$79.66 169.70 74.12 102.67 $100.67 
KK Australia
RSUs
1,897 21 1,564 — 354 
Weighted Average Grant Date Fair Value
$1.48 1.73 1.49 — $1.47 
KK Mexico
RSUs
58 2 — — 60 
Weighted Average Grant Date Fair Value
$32.86 40.14 — — $33.08 
The Company recorded total non-cash compensation expense related to RSUs under the plans of $2.5 million and $11.4 million for the quarter and three quarters ended October 2, 2022, respectively, and $5.1 million and $14.9 million for the quarter and three quarters ended October 3, 2021, respectively.
The unrecognized compensation cost related to the unvested RSUs and the weighted-average period over which such cost is expected to be recognized are as follows:
 As of October 2, 2022
 Unrecognized Compensation Cost
Recognized Over a
Weighted-Average
Period of
KKI$49,955 3.0 years
KKUK222 1.2 years
Insomnia Cookies2,502 3.0 years
KK Australia192 1.8 years
KK Mexico1,431 3.2 years
The estimated fair value of restricted stock is calculated using a market approach (i.e., market multiple is used for the KKUK and Insomnia Cookies plans and an agreed-upon EBITDA buyout multiple is used for KK Australia and KK Mexico plans).
Time-Vested Stock Options
KKI issues time-vested stock options under its Omnibus Incentive Plan. The fair value of time-vested stock options was estimated on the date of grant using the Black-Scholes option pricing model.

A summary of the status of the time-vested stock options as of January 2, 2022 and changes during the first three quarters of fiscal 2022 is presented below:
Share Options Outstanding AtShare Options Outstanding At
(in thousands, except per share amounts)January 2,
2022		GrantedExercisedForfeited or ExpiredOctober 2,
2022
KKI
Options2,817 — — 248 2,569
Weighted Average Grant Date Fair Value$6.10 — — 6.10 $6.10
Weighted Average Exercise Price$14.61 — — 14.61 $14.61
The Company recorded total non-cash compensation expense related to the time-vested stock options of $0.3 million and $1.9 million for the quarter and three quarters ended October 2, 2022, respectively, and $1.2 million and $2.1 million for the quarter and three quarters ended October 3, 2021, respectively.
The unrecognized compensation cost related to the unvested stock options and the weighted-average period over which such cost is expected to be recognized are as follows:
As of October 2, 2022
Unrecognized Compensation Cost
Recognized Over a
Weighted-Average
Period of
KKI$10,429 3.6 years
No time-vested stock options under the KKI plan vested nor were exercised during the fiscal periods presented.