v3.25.1
Share-based compensation (Tables)
3 Months Ended
Mar. 29, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
New awards and movements in existing awards granted under this plan are summarized in the tables below.
Summary of movements in options outstanding
Three months ended March 29, 2025
PlanNumber of
options
Weighted average exercise price
$
Outstanding at the beginning of the period:
—Tier I2014 Plan1,557,018 $6.95 
—Tier II2014 Plan1,722,639 $7.00 
—Tier IV2014 Plan1,660,742 $10.48 
—SARsBoth plans603,393 $10.79 
—Share options2018 Plan1,480,065 $14.56 
—Premium-priced options2018 Plan835,469 $18.88 
7,859,326 $10.70 
Granted during the period:
—SARs2018 Plan29,100 $21.64 
29,100 $21.64 
Exercised during the period:
—Tier I2014 Plan(1,037,563)$6.69 
—Tier II2014 Plan(1,097,986)$6.69 
—Tier IV2014 Plan(22,324)$19.24 
—SARsBoth Plans(1,532)$14.42 
—Share options2018 Plan(29,940)$14.75 
(2,189,345)$6.94 
Outstanding at the end of the period:
—Tier I2014 Plan519,455 $7.46 
—Tier II2014 Plan624,653 $7.54 
—Tier IV2014 Plan1,638,418 $10.36 
—SARsBoth plans630,961 $11.28 
—Share options2018 Plan1,450,125 $14.56 
—Premium-priced options2018 Plan835,469 $18.88 
5,699,081 $12.21 
Exercisable at the end of the period5,632,056 $12.14 
Vested and expected to vest at the end of the period5,698,403 $12.19 
Schedule of RSU and PRSU Activity
Summary of movements in RSUs and PRSUs outstanding
Three months ended March 29, 2025
Number of
awards
Weighted average
grant date fair value
$
Outstanding at the beginning of the period:
—RSUs2,570,852 $14.45 
—PRSUs1,028,146 $17.03 
3,598,998 $15.19 
Granted during the period:
—RSUs848,847 $21.63 
—PRSUs279,404 $23.55 
1,128,251 $22.10 
Adjusted for performance during the period:
—PRSUs60,274 $17.23 
60,274 $17.23 
Forfeited during the period:
—RSUs(46,365)$13.88 
—PRSUs(34,726)$16.10 
(81,091)$14.83 
Vested during the period:
—RSUs(980,612)$14.85 
—PRSUs(347,337)17.23 
(1,327,949)$15.47 
Outstanding at the end of the period:
—RSUs2,392,722 $16.84 
—PRSUs985,761 $18.85 
3,378,483 $17.43 
Schedule of Share Based Compensation Valuation Techniques The weighted average fair values and relevant assumptions were as follows:
Three months ended
March 29,
2025
March 30,
2024
Weighted average grant date fair value:
—SARs$9.96 $6.95 
—RSUs$21.63 $14.87 
—PRSUs$23.55 $16.37 
Inputs to the model:
—Expected volatility — SARs41.1 %41.7 %
—Expected volatility — PRSUs31.6 %31.6 %
—Expected option life for SARs (years)6.06.0
—Risk-free interest rate:
SARs4.1 %4.2 %
PRSUs4.0 %4.4 %