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Stock-Based Compensation | 3 Months Ended
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Mar. 29, 2026
Stock-Based Compensation |
Stock-Based Compensation | Note 13 – Stock-Based Compensation As of March 29, 2026, the Company had 433,839 shares available for issuance under its 2019 Equity Incentive Plan (the “2019 Equity Plan”). Stock-based compensation cost for the three periods ended March 29, 2026 and March 30, 2025 was $1.1 million and $1.6 million, respectively. Stock-based compensation is included in general and administrative expenses in the condensed consolidated statements of operations. Included in stock-based compensation cost for both the three periods ended March 29, 2026 and March 30, 2025, was $0.2 million of cost related to unrestricted stock granted to directors. Such grants were awarded consistent with the Board of Director’s compensation practices. Stock-based compensation for both the three periods ended March 29, 2026 and March 30, 2025 included $0.2 million of compensation costs for performance stock units that contain both a market condition and time element (“PSUs”). Stock Option Activity Stock options in the table below include time-based awards. Changes in stock options during the three periods ended March 29, 2026 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted | ​ | average | ​ | Intrinsic
​ | ​ | ​ | ​ | average exercise | ​ | remaining | ​ | value
​ | ​ ​ ​ | Shares | ​ ​ ​ | price | ​ ​ ​ | contractual life | ​ ​ ​ | (thousands)
Outstanding at December 28, 2025 |  | 803,156 | ​ | $ | 2.99 |  | 3.53 years | ​ | $ | 114
Granted |  | — | ​ | ​ | — |  | ​ | ​ |  | ​
Exercised |  | — | ​ | ​ | — |  | ​ | ​ |  | ​
Cancelled, expired or forfeited |  | — | ​ | ​ | — |  | ​ | ​ |  | ​
Outstanding at March 29, 2026 |  | 803,156 | ​ | $ | 2.99 |  | 3.28 years | ​ | $ | 99
Exercisable at March 29, 2026 | ​ | 803,156 | ​ | $ | 2.99 | ​ | 3.28 years | ​ | $ | 99
​ As of March 29, 2026 and December 28, 2025, there were no unvested stock options. Restricted Stock Unit Activity The Company issues restricted stock units (“RSUs”) under the 2019 Equity Plan. RSUs in the table below include time-based awards. The fair value of time-based RSUs is determined based upon the closing market value of the Company’s common stock on the grant date. A summary of the status of RSUs and changes during the three periods ended March 29, 2026 is presented below: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted average
​ | ​ ​ ​ | Shares | ​ ​ ​ | grant date fair value
Non-vested RSUs at December 28, 2025 |  | 1,227,938 | ​ | $ | 3.90
Granted |  | 982,830 | ​ |  | 1.95
Vested |  | (260,041) | ​ |  | 4.04
Cancelled, expired or forfeited |  | (800) | ​ |  | 5.00
Non-vested RSUs at March 29, 2026 |  | 1,949,927 | ​ | $ | 2.89
​ As of March 29, 2026, the Company had approximately $4.5 million of unrecognized compensation costs related to RSUs, which will be recognized over a weighted average period of 2.1 years. The fair value of RSUs vested during the first quarter of 2026 was $1.1 million. Performance Stock Unit Activity The Company issues performance stock units (“PSUs”) under the 2019 Equity Incentive Plan. PSUs in the table below include both a market condition and time element. The PSUs may be earned based on achieving common stock price targets within a specified time period, and if earned, will vest and be settled based on a time element specified in the respective agreement. A summary of the status of PSUs and changes during the three periods ended March 29, 2026 is presented below: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted average
​ | ​ ​ ​ | Shares | ​ ​ ​ | grant date fair value
Non-vested PSUs at December 28, 2025 |  | 558,488 | ​ | $ | 5.10
Granted |  | 175,218 | ​ |  | 1.55
Vested |  | (33,167) | ​ |  | 2.49
Non-vested PSUs at March 29, 2026 |  | 700,539 | ​ | $ | 4.33
​ As of March 29, 2026, the Company had approximately $0.9 million of unrecognized compensation costs related to PSUs, which will be recognized over a weighted average period of 1.6 years.

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