XML 47 R37.htm IDEA: XBRL DOCUMENT
v3.25.1

Share-Based Payments (Tables) | 3 Months Ended
--- | ---
Mar. 29, 2025
Share-Based Payments |
Schedule of stock option activity | The following table details our stock option activity for the first quarter of fiscal 2025 (dollars in thousands, except per share data):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted | ​ | Weighted Average | ​ | ​
​ | ​ | ​ | ​ | Average | ​ | Contractual Life | ​ | Aggregate
​ |  | Options |  | Exercise Price |  | Remaining (Years) |  | Intrinsic Value
Outstanding at December 28, 2024 |  | 1,773,573 | ​ | $ | 24.35 |  | 6.70 | ​ | $ | —
Granted |  | — | ​ | $ | — |  | ​ | ​ | ​ | ​
Exercised |  | — | ​ | $ | — | ​ | ​ | ​ | ​ | ​
Forfeited |  | — | ​ | $ | — | ​ | ​ | ​ | ​ | ​
Expired | ​ | (34,773) | ​ | $ | 29.23 | ​ | ​ | ​ | ​ | ​
Outstanding at March 29, 2025 |  | 1,738,800 | ​ | $ | 24.25 |  | 6.58 | ​ | $ | —
Exercisable at March 29, 2025 |  | 767,532 | ​ | $ | 30.12 |  | 4.84 | ​ | $ | —
Schedule of non-vested performance share LTIAs | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted Average
​ | ​ | Number of | ​ | Grant Date Fair Value
​ |  | Performance Shares(1) |  | (per share)(2)
Outstanding at December 28, 2024 |  | 2,684,106 | ​ | $ | 12.03
Granted |  | 2,321,319 | ​ | $ | 4.44
Vested |  | — | ​ | $ | —
Forfeited |  | (345,461) | ​ | $ | 20.69
Outstanding at March 29, 2025 |  | 4,659,964 | ​ | $ | 7.61
(1) | Solely for purposes of this table, the number of performance shares is based on the participants earning the maximum number of performance shares (i.e., 233.333% or 300%, as applicable, of the target number of performance shares).
(2) | The fair value of the awards was determined based upon the closing price of our common stock on the applicable measurement dates (i.e., the deemed grant dates for accounting purposes), reduced by the present value of expected dividends using the risk-free interest-rate, as the award holders are not entitled to dividends or dividend equivalents during the vesting period.
Schedule of restricted stock activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted Average
​ | ​ | Number of Shares | ​ | Grant Date Fair Value
​ |  | of Restricted Stock |  | (per share)(1)
Outstanding at December 28, 2024 |  | 689,137 | ​ | $ | 12.86
Granted |  | 767,569 | ​ | $ | 6.82
Vested |  | (279,717) | ​ | $ | 13.63
Forfeited |  | (2,719) | ​ | $ | 13.01
Outstanding at March 29, 2025 |  | 1,174,270 | ​ | $ | 8.73
(1) | The fair value of the awards was determined based upon the closing price of our common stock on the applicable measurement dates (i.e., the deemed grant dates for accounting purposes).
​
Schedule of number of shares of common stock issued by entity upon the vesting of performance share long-term incentive awards other share based compensation | ​
​ | ​ | ​ | ​ | ​ | ​
​ | Thirteen Weeks Ended
​ | March 29, |  | March 30,
​ | 2025 |  | 2024
Number of performance shares vested | ​ | — |  | ​ | —
Shares withheld for tax withholding | ​ | — |  | ​ | —
Shares of common stock issued for performance share LTIAs | ​ | — |  | ​ | —
Shares of restricted common stock issued to employees | ​ | 767,569 | ​ | ​ | 479,746
Shares of restricted stock withheld and cancelled for tax withholding upon vesting | ​ | (111,762) | ​ | ​ | (51,997)
Shares of restricted stock cancelled upon forfeiture | ​ | (2,719) | ​ | ​ | (676)
Net shares of common stock issued | ​ | 653,088 |  | ​ | 427,073
Schedule of compensation expense recognized for share-based payments | The following table sets forth the compensation expense recognized for share-based payments (performance share LTIAs, restricted stock, stock options, non-employee director stock grants and other share-based payments) during the first quarter of 2025 and 2024 and where that expense is reflected in our consolidated statements of operations (in thousands):
​ | ​ | ​ | ​ | ​ | ​
​ | Thirteen Weeks Ended
​ | March 29, | ​ | March 30,
Consolidated Statements of Operations Location | 2025 |  | 2024
Compensation expense included in cost of goods sold | $ | 395 | ​ | $ | 162
Compensation expense included in selling, general and administrative expenses |  | 2,776 | ​ |  | 1,621
Total compensation expense for share-based payments | $ | 3,171 | ​ | $ | 1,783

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

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration