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Stockholders' Equity and Share-Based Compensation | 6 Months Ended
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Jul. 01, 2023
Stockholders' Equity and Share-Based Compensation |
Stockholders' Equity and Share-Based Compensation | Note 3 – Stockholders’ Equity and Share-Based Compensation Options and Restricted Stock Units The Company had the following common stock option activity during the twenty-six weeks ended July 1, 2023:
| ● | Granted options to purchase 0 common shares.
| ● | Exercise of 1,251 options to purchase common shares.
| ● | Forfeiture of 33 option to purchase common shares.
| ● | Expiration of 5 options to purchase common shares.
The following table summarizes the Company’s restricted stock unit ("RSU") activity for the twenty-six weeks ended July 1, 2023, and details regarding the awards outstanding and exercisable as of July 1, 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Weighted Average | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Grant Date | ​ | Aggregate
​ |  | Shares |  |  | Fair Value |  | Intrinsic Value
Vested and expected to vest as of December 31, 2022 | ​ | 3,132 |  | ​ | ​ | ​ | ​ | ​
Awarded | ​ | 1,813 |  | ​ | ​ | ​ | ​ | ​
Vested | ​ | (927) |  | ​ | ​ | ​ | ​ | ​
Forfeited | ​ | (288) |  | ​ | ​ | ​ | ​ | ​
Awards outstanding, July 1, 2023 | ​ | 3,730 |  | $ | 10.11 |  | $ | 15,852
Vested and expected to vest as of July 1, 2023 | ​ | 3,728 |  | $ | 10.11 |  | $ | 15,844
​ During the twenty-six weeks ended July 1, 2023, 658 RSUs that vested were time-based and 269 were performance-based. For the thirteen and twenty-six weeks ended July 1, 2023, we recorded compensation costs related to stock options and RSUs of $2,937 and $7,107, respectively. For the thirteen and twenty-six weeks ended July 2, 2022, we recorded compensation costs related to stock options and RSUs of $771 and $5,077, of which $0 and $81 related to common shares issued to consultants as part of their compensation for services provided during those respective periods. As of July 1, 2023, there was unrecognized compensation expense related to stock options and RSUs of $26,503 that will be expensed through June 2027. Stock Repurchase Program On July 27, 2021, the Company’s Board of Directors authorized a stock repurchase program under which the Company may purchase up to $30 million of the Company’s common stock from time to time. The repurchases of common stock may be executed through open market purchases, block trades, the implementation of a 10b5-1 plan, and/or any other available methods. During the twenty-six weeks ended July 1, 2023, the Company repurchased 250 shares of its common stock at a total cost of $1,047, excluding commissions, at an average price of $4.19 per share. During the twenty-six weeks ended July 2, 2022, the Company did not repurchase any shares of its common stock. As of July 1, 2023, the Company remained authorized to repurchase up to approximately $28,473 in shares of its common stock.

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- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//718/tableOfContent + Details
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