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EMPLOYEE BENEFIT PLANS | 3 Months Ended
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Mar. 30, 2024
Share-Based Payment Arrangement [Abstract] |
EMPLOYEE BENEFIT PLANS | EMPLOYEE BENEFIT PLANS Stock-Based Compensation Plans. The following table summarizes stock appreciation rights activity during the First Quarter:
Stock Appreciation Rights |  | Shares |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Term |  | Aggregate Intrinsic Value
|  | (in Thousands) |  |  |  | (in Years) |  | (in Thousands)
Outstanding at December 30, 2023 |  | 39 |  |  | $ | 47.99 |  |  | 0.2 |  | $ | — |
Forfeited or expired |  | (39) |  |  | 47.99 |  |  |  |  |
Outstanding at March 30, 2024 |  | 0 |  |  | — |  |  | 0.0 |  | — |
Exercisable at March 30, 2024 |  | 0 |  |  | $ | — |  |  | 0.0 |  | $ | — |
Restricted Stock Units and Performance Restricted Stock Units. The following table summarizes restricted stock unit and performance restricted stock unit activity during the First Quarter:
Restricted Stock Units and Performance Restricted Stock Units |  | Number of Shares |  | Weighted-Average Grant Date Fair Value Per Share
|  | (in Thousands) |  |
Nonvested at December 30, 2023 |  | 1,918 |  |  | $ | 6.19 |
Granted |  | 12 |  |  | 0.92 |
Vested |  | (7) |  |  | 10.28 |
Forfeited |  | (89) |  |  | 7.16 |
Nonvested at March 30, 2024 |  | 1,834 |  |  | $ | 6.09 |
The total fair value of restricted stock units vested was less than $0.1 million during the First Quarter. Vesting of performance restricted stock units is based on achievement of operating margin growth and achievement of sales growth and operating margin targets in relation to the performance of a certain identified peer group. Long-Term Incentive Plans. On the date of the Company’s annual stockholders meeting, each non-employee director automatically receives a grant of restricted stock units which vest 100% on the earlier of one year from the date of grant or the date of the Company's next annual stockholders meeting, provided such director is providing services to the Company or a subsidiary of the Company on that date. Beginning with the grant in fiscal year 2021, non-employee directors may elect to defer receipt of all or a portion of the restricted stock units settled in common stock of the Company upon the vesting date. In addition, beginning in fiscal year 2021, non-employee directors may defer the cash portion of their annual fees. Each participant may also elect to have the cash portion of his or her annual fees for each calendar year treated as if invested in units of common stock of the Company.

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