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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE DISCLOSURE
As required by Item 402(v) of Regulation S-K of the Exchange Act (“Item 402(v)”), we are providing the following pay versus performance disclosure. It does not necessarily reflect value actually realized by our named executive officers or how the Compensation Committee evaluates compensation decisions in light of Company or individual performance. For a discussion of how the Compensation Committee seeks to align pay with performance when making compensation decisions, please see
“Compensation Discussion and Analysis”
above. The following tables and related disclosures provide information about (i) the total compensation of our principal executive officers (each, a “PEO” and together the “PEOs”) and our non-PEO named executive officers (collectively, the “Other NEOs”) as presented in the
Summary Compensation Table
above, (ii) the “compensation actually paid” (“CAP”) to our PEOs and our Other NEOs, as calculated pursuant to Item 402(v), (iii) certain financial performance measures, and (iv) the relationship of the CAP to those financial performance measures.
 
Fiscal
Year
(1)
 
Summary

Compensation

Table Total

for PEO Sima

Sistani
(2)

($)
   
Summary

Compensation

Table Total

for PEO

Mindy

Grossman
(3)

($)
   
Compensation

Actually Paid

to PEO Sima

Sistani
(
2)
(4)
(7)

($)
   
Compensation

Actually Paid

to PEO Mindy

Grossman
(3)
(7)

($)
   
Average

Summary

Compensation

Table Total

for Other

NEOs
(5)

($)
   
Average

Compensation

Actually Paid

to Other

NEOs
(5)
(6)
(7)

($)
   
Value of Initial

Fixed $100 Investment
Based On:
(8)
   
Net

(Loss)

Income

($ in

millions)
   
Plan

Adjusted

Operating

Income
(10)

($ in

millions)
 
 
Total

Shareholder

Return

($)
   
Peer Group

Total

Shareholder

Return
(9)

($)
 
                                                             
2023
  $ 8,873,418       —      $ 12,526,695       —      $ 1,401,050     $ 1,467,231     $ 23.25     $ 128.17       ($112.26   $ 89.49  
2022
  $ 11,418,410     $ 1,630,551     $ 3,856,790       $1,217,397     $ 1,090,448     $ 209,927     $ 10.26     $ 109.61       ($256.87 )   $ 154.55  
2021
    —      $ 5,137,456       —        ($  234,538   $ 1,894,726     $ 757,609     $ 42.86     $ 137.77       $ 67.13     $ 196.29  
2020
    —      $ 6,344,329       —        ($6,083,231   $ 1,849,339     $ 1,284,001     $ 64.85     $ 119.99       $ 75.08     $ 216.16  
 
(1)
Fiscal 2020 consisted of a 53-week period.
 
(2)
Ms. Sistani commenced serving as our PEO on March 21, 2022.
 
(3)
Ms. Grossman served as our PEO during fiscal 2020, fiscal 2021, and for the portion of fiscal 2022 preceding Ms. Sistani’s appointment.
 
(4)
In accordance with the requirements of Item 402(v)(2)(iii), the following adjustments were made to the amounts reported for Ms. Sistani in the
Summary Compensation Table
above for fiscal 2023. Importantly, the dollar amounts do not reflect the actual amount of compensation earned by, or paid to, Ms. Sistani during fiscal 2023.
 
Description
  
Fiscal 2023

($)
 
Reported Summary Compensation Total
     $ 8,873,418  
Change in Pension Value Deduction
     —   
Pension Service Cost Addition
     —   
Prior Pension Service Cost Addition
     —   
Reported Stock and Option Awards Deduction
     $ 5,161,249  
Stock and Option Awards Adjustment
(a)
     $ 8,814,526  
Compensation Actually Paid
     $12,526,695  
 
  (a)
For fiscal 2023, the amounts added or deducted in calculating the stock and option awards adjustments include:
 
Fiscal Year
 
Year End Fair

Value of

Unvested

Equity

Awards

Granted in the

Covered Year
   
Year over Year

Change in Fair

Value of

Outstanding

and Unvested

Equity Awards
   
Fair Value as

of Vesting

Date of

Equity

Awards

Granted and

Vested in the

Year
   
Year over Year

Change in Fair

Value of

Equity Awards

Granted in

Prior Years

that Vested in

the Year
   
Fair Value at

the End of

the Prior

Year of

Equity

Awards that

Failed to

Meet Vesting

Conditions

in the Year
   
Value of

Dividends or

other

Earnings Paid

on Stock or

Option

Awards not

Otherwise

Reflected in

Fair Value or

Total

Compensation
   
Total Stock

and Option

Awards

Adjustment
 
2023
  $ 6,103,266     $ 2,641,360       —      $ 69,899       —        —      $ 8,814,526  
 
(5)
The dollar amounts reported in this column represent the average of the total amounts reported for our Other NEOs for each corresponding fiscal year as follows:
 
   
Fiscal 2023: Heather Stark; Pierre-Olivier Latour; Amanda Tolleson; Michael Colosi; and Michael Lysaght.
 
   
Fiscal 2022: Heather Stark; Amy O’Keefe; Michael F. Colosi; Michael Lysaght; Amanda Tolleson; and Nicholas P. Hotchkin.
 
   
Fiscal 2021: Amy O’Keefe; Nicholas P. Hotchkin; Michael F. Colosi; Michael Lysaght; and Gail B. Tifford.
 
   
Fiscal 2020: Amy O’Keefe; Nicholas P. Hotchkin; Michael F. Colosi; Gail B. Tifford; and Corinne Pollier (-Bousquet).
 
(6)
In accordance with the requirements of Item 402(v)(2)(iii), when calculating the “average compensation actually paid” for our Other NEOs the following adjustments were made to the amounts reported in the
Summary Compensation Table
 
above. Importantly, the dollar amounts do not reflect the actual average amount of compensation earned by, or paid to, our Other NEOs as a group during fiscal 2023.
 
Description
  
Fiscal

2023

($)
 
Average Reported Summary Compensation Total
   $ 1,401,050  
Average Change in Pension Value Deduction
     —   
Average Pension Service Cost Addition
     —   
Average Prior Pension Service Cost Addition
     —   
Average Reported Stock and Option Awards Deduction
   $ 487,028  
Average Stock and Option Awards Adjustment(a)
   $ 553,208  
Average Compensation Actually Paid to Other NEOs
   $ 1,467,231  
 
  (a)
For fiscal 2023, the amounts added or deducted in calculating the stock and option awards adjustments include:
 
Fiscal Year
  
Year End Fair

Value of

Unvested

Equity Awards

Granted in the

Covered Year
    
Year over Year

Change in Fair

Value of

Outstanding

and Unvested

Equity Awards
    
Fair Value as

of Vesting

Date of

Equity

Awards

Granted and

Vested in the

Year
    
Year over Year

Change in Fair

Value of

Equity Awards

Granted in

Prior Years

that Vested in
the Year
    
Fair Value at

the End of the
Prior Year of

Equity Awards

that Failed to

Meet Vesting

Conditions in

the Year
    
Value of

Dividends or

other Earnings
Paid on Stock

or Option

Awards not

Otherwise

Reflected in

Fair Value or

Total

Compensation
    
Total Stock

and Option

Awards

Adjustment
 
2023
   $ 523,012      $ 28,997        —       $ 89,646      ($ 88,448      —         553,208  
 
(7)
When calculating amounts of “compensation actually paid” for purposes of this table:
 
   
The fair value of each stock option award was estimated as of the relevant valuation date in accordance with FASB ASC Topic 718 using a variation of the Black-Scholes option pricing model and the key input variables (assumptions) of that model as described in Note 12 to our consolidated financial statements for the fiscal year ended December 30, 2023 included in the Company’s Annual Report on Form 10-K filed with the SEC on February 28, 2024. The assumptions used were not materially changed from those described in Note 12 but were updated at each valuation date to reflect the then-current value of each variable.
 
   
The fair value of PSU awards was estimated at each valuation date using: (a) the closing price of our Common Stock on the relevant valuation date, with the exception of awards granted in 2023 which were based on Total Shareholder Return (TSR) and were evaluated using a grant date fair value determined by using the Monte
Carlo
Simulation model on the relevant valuation date and (b) an adjustment to reflect actual performance for any completed performance year and an assumption regarding attainment of the performance goals for the remaining performance period.
 
   
The fair value of RSU awards was estimated at each valuation date using the closing price of our Common Stock on the relevant valuation date or, if the market was closed on such date, the last trading day that immediately preceded the relevant valuation date.
 
(8)
Total shareholder return as calculated is based on a fixed investment of $100 measured from the market close on December 27, 2019 (the last trading day of fiscal 2019) through and including the end of the fiscal year for each year reported in the table as required by Item 402(v) and that all dividends, as applicable, were reinvested.
 
(9)
Total shareholder return for the Russell 2000 Index.
 
(10)
For fiscal 2023, as described in “
Compensation Discussion and Analysis—Fiscal 2023 Executive
Compensation Decisions—Annual, Performance-Based Cash Bonus”
above, the Compensation Committee determined that operating income, as used under the Company’s 2023 annual, performance-based cash bonus plan, continues to be viewed as a core driver of the Company’s performance and shareholder value creation and, accordingly, the Compensation Committee selected it as the Company-
 
  Selected Measure as defined under Item 402(v). For 2023, Operating Income is presented as adjusted for bonus purposes, see “
Compensation Discussion and Analysis—Fiscal 2023 Executive
Compensation Decisions—Annual, Performance-Based Cash Bonus”
above for details on the adjustments to actual fiscal 2023 operating income of $22.33 million to exclude the impact of restructuring charges, non-recurring transaction costs in connection with acquisitions and impairment charges. For 2022, adjustments were made to reported operating loss of $283.0 million to exclude the impact of impairment and restructuring charges and the negative impact of a sales tax assessment. The Compensation Committee made no adjustments to full year fiscal 2020 and fiscal 2021 reported operating income under the Company’s fiscal 2020 and fiscal 2021 annual, performance-based cash bonus plans.
     
Company Selected Measure Name Plan Adjusted Operating Income      
Named Executive Officers, Footnote
(5)
The dollar amounts reported in this column represent the average of the total amounts reported for our Other NEOs for each corresponding fiscal year as follows:
 
   
Fiscal 2023: Heather Stark; Pierre-Olivier Latour; Amanda Tolleson; Michael Colosi; and Michael Lysaght.
 
   
Fiscal 2022: Heather Stark; Amy O’Keefe; Michael F. Colosi; Michael Lysaght; Amanda Tolleson; and Nicholas P. Hotchkin.
 
   
Fiscal 2021: Amy O’Keefe; Nicholas P. Hotchkin; Michael F. Colosi; Michael Lysaght; and Gail B. Tifford.
 
   
Fiscal 2020: Amy O’Keefe; Nicholas P. Hotchkin; Michael F. Colosi; Gail B. Tifford; and Corinne Pollier (-Bousquet).
     
Peer Group Issuers, Footnote Total shareholder return for the Russell 2000 Index.      
Adjustment To PEO Compensation, Footnote
(4)
In accordance with the requirements of Item 402(v)(2)(iii), the following adjustments were made to the amounts reported for Ms. Sistani in the
Summary Compensation Table
above for fiscal 2023. Importantly, the dollar amounts do not reflect the actual amount of compensation earned by, or paid to, Ms. Sistani during fiscal 2023.
 
Description
  
Fiscal 2023

($)
 
Reported Summary Compensation Total
     $ 8,873,418  
Change in Pension Value Deduction
     —   
Pension Service Cost Addition
     —   
Prior Pension Service Cost Addition
     —   
Reported Stock and Option Awards Deduction
     $ 5,161,249  
Stock and Option Awards Adjustment
(a)
     $ 8,814,526  
Compensation Actually Paid
     $12,526,695  
 
  (a)
For fiscal 2023, the amounts added or deducted in calculating the stock and option awards adjustments include:
 
Fiscal Year
 
Year End Fair

Value of

Unvested

Equity

Awards

Granted in the

Covered Year
   
Year over Year

Change in Fair

Value of

Outstanding

and Unvested

Equity Awards
   
Fair Value as

of Vesting

Date of

Equity

Awards

Granted and

Vested in the

Year
   
Year over Year

Change in Fair

Value of

Equity Awards

Granted in

Prior Years

that Vested in

the Year
   
Fair Value at

the End of

the Prior

Year of

Equity

Awards that

Failed to

Meet Vesting

Conditions

in the Year
   
Value of

Dividends or

other

Earnings Paid

on Stock or

Option

Awards not

Otherwise

Reflected in

Fair Value or

Total

Compensation
   
Total Stock

and Option

Awards

Adjustment
 
2023
  $ 6,103,266     $ 2,641,360       —      $ 69,899       —        —      $ 8,814,526  
     
Non-PEO NEO Average Total Compensation Amount $ 1,401,050 $ 1,090,448 $ 1,894,726 $ 1,849,339
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,467,231 209,927 757,609 1,284,001
Adjustment to Non-PEO NEO Compensation Footnote
(6)
In accordance with the requirements of Item 402(v)(2)(iii), when calculating the “average compensation actually paid” for our Other NEOs the following adjustments were made to the amounts reported in the
Summary Compensation Table
 
above. Importantly, the dollar amounts do not reflect the actual average amount of compensation earned by, or paid to, our Other NEOs as a group during fiscal 2023.
 
Description
  
Fiscal

2023

($)
 
Average Reported Summary Compensation Total
   $ 1,401,050  
Average Change in Pension Value Deduction
     —   
Average Pension Service Cost Addition
     —   
Average Prior Pension Service Cost Addition
     —   
Average Reported Stock and Option Awards Deduction
   $ 487,028  
Average Stock and Option Awards Adjustment(a)
   $ 553,208  
Average Compensation Actually Paid to Other NEOs
   $ 1,467,231  
 
  (a)
For fiscal 2023, the amounts added or deducted in calculating the stock and option awards adjustments include:
 
Fiscal Year
  
Year End Fair

Value of

Unvested

Equity Awards

Granted in the

Covered Year
    
Year over Year

Change in Fair

Value of

Outstanding

and Unvested

Equity Awards
    
Fair Value as

of Vesting

Date of

Equity

Awards

Granted and

Vested in the

Year
    
Year over Year

Change in Fair

Value of

Equity Awards

Granted in

Prior Years

that Vested in
the Year
    
Fair Value at

the End of the
Prior Year of

Equity Awards

that Failed to

Meet Vesting

Conditions in

the Year
    
Value of

Dividends or

other Earnings
Paid on Stock

or Option

Awards not

Otherwise

Reflected in

Fair Value or

Total

Compensation
    
Total Stock

and Option

Awards

Adjustment
 
2023
   $ 523,012      $ 28,997        —       $ 89,646      ($ 88,448      —         553,208  
     
Compensation Actually Paid vs. Total Shareholder Return
Total Shareholder Return
The following chart shows the relationship between (1) the compensation actually paid to our PEOs and the average compensation actually paid to the Other NEOs (each as calculated pursuant to Item 402(v)(2)(iii)) and (2) the cumulative total shareholder return of the Company for its last four completed fiscal years. The chart also provides a comparison of the Company’s total shareholder return to the Russell 2000 Index (“Peer Group”) total shareholder return for the four-year period.
     
Compensation Actually Paid vs. Net Income
Net (Loss) Income
The following chart shows the relationship between (1) the compensation actually paid to our PEOs and the average compensation actually paid to the Other NEOs (each as calculated pursuant to Item 402(v)(2)(iii)) and (2) the net (loss) income of the Company for the last four fiscal years.
     
Compensation Actually Paid vs. Company Selected Measure
Plan Adjusted Operating Income
The following chart shows the relationship between (1) the compensation actually paid to our PEOs and the average compensation actually paid to our Other NEOs (each as calculated pursuant to Item 402(v)(2)(iii)) and (2) Operating Income, as adjusted for bonus purposes, for the last four fiscal years.
     
Total Shareholder Return Vs Peer Group
Total Shareholder Return
The following chart shows the relationship between (1) the compensation actually paid to our PEOs and the average compensation actually paid to the Other NEOs (each as calculated pursuant to Item 402(v)(2)(iii)) and (2) the cumulative total shareholder return of the Company for its last four completed fiscal years. The chart also provides a comparison of the Company’s total shareholder return to the Russell 2000 Index (“Peer Group”) total shareholder return for the four-year period.
     
Tabular List, Table
Tabular List of Financial Performance Measures
For purposes of Item 402(v), we have identified the following performance measures, which the Compensation Committee considered, among others, when making executive compensation decisions for performance year 2023, in response to the Tabular List disclosure requirement pursuant to Item 402(v)(6).
 
   
Plan Adjusted Operating Income
 
   
Revenue
 
   
End of Period Subscribers
     
Total Shareholder Return Amount $ 23.25 10.26 42.86 64.85
Peer Group Total Shareholder Return Amount 128.17 109.61 137.77 119.99
Net Income (Loss) $ (112,260,000) $ (256,870,000) $ 67,130,000 $ 75,080,000.00
Company Selected Measure Amount 89,490,000 154,550,000 196,290,000 216,160,000
Measure:: 1        
Pay vs Performance Disclosure        
Name Plan Adjusted Operating Income      
Measure:: 2        
Pay vs Performance Disclosure        
Name Revenue      
Measure:: 3        
Pay vs Performance Disclosure        
Name End of Period Subscribers      
Sima Sistani [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 8,873,418 $ 11,418,410 $ 0 $ 0
PEO Actually Paid Compensation Amount $ 12,526,695 $ 3,856,790 0 0
PEO Name Ms. Sistani Ms. Sistani    
Mindy Grossman [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 0 $ 1,630,551 5,137,456 6,344,329
PEO Actually Paid Compensation Amount 0 $ 1,217,397 $ (234,538) $ (6,083,231)
PEO Name   Ms. Grossman Ms. Grossman Ms. Grossman
PEO | Sima Sistani [Member] | Change In Pension Value Deduction [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Sima Sistani [Member] | Pension Service Cost Addition [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Sima Sistani [Member] | Prior Pension Service Cost Addition [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Sima Sistani [Member] | Reported Stock And Option Awards Deduction [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,161,249      
PEO | Sima Sistani [Member] | Stock And Option Awards Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,814,526      
PEO | Sima Sistani [Member] | Year End Fair Value Of Unvested Equity Awards Granted In The Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,103,266      
PEO | Sima Sistani [Member] | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,641,360      
PEO | Sima Sistani [Member] | Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Sima Sistani [Member] | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 69,899      
PEO | Sima Sistani [Member] | Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Sima Sistani [Member] | Value Of Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value Or Total Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Sima Sistani [Member] | Total Stock And Option Awards Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,814,526      
Non-PEO NEO | Average Change In Pension Value Deduction [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Average Pension Service Cost Addition [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Average Prior Pension Service Cost Addition [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Average Reported Stock And Option Awards Deduction [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 487,028      
Non-PEO NEO | Average Stock And Option Awards Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 553,208      
Non-PEO NEO | Year End Fair Value Of Unvested Equity Awards Granted In The Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 523,012      
Non-PEO NEO | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 28,997      
Non-PEO NEO | Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 89,646      
Non-PEO NEO | Fair Value At The End Of The Prior Year Of Equity Awards That Failed To Meet Vesting Conditions In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (88,448)      
Non-PEO NEO | Value Of Dividends Or Other Earnings Paid On Stock Or Option Awards Not Otherwise Reflected In Fair Value Or Total Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Total Stock And Option Awards Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 553,208