v3.25.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 29, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of stock-based compensation expense

The following table summarizes the Company’s stock-based compensation expense (in thousands):

Fiscal Quarter Ended

March 29, 2025

    

March 30, 2024

Selling, general, and administrative

$

1,971

$

1,243

$

1,971

$

1,243

Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

The following table represents the Company’s restricted stock units activity during the fiscal quarter ended March 29, 2025:

    

    

Weighted-

Average Grant-

Shares

Date Fair Value

Outstanding at January 1, 2025

 

4,200,759

$

3.12

Granted

 

798,077

 

7.31

Vested

 

(941,370)

 

3.20

Forfeited

 

(56,405)

 

3.16

Outstanding at March 29, 2025

 

4,001,061

$

3.93

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

The following table represents the Company’s stock option activity during the fiscal quarter ended March 29, 2025:

    

Weighted-

    

Weighted-

    

Average 

Average 

Exercise Price

Remaining 

Aggregate 

    

Shares

    

 per Share

    

Contract Term

    

Intrinsic Value

 

 

(in years)

(in thousands)

Outstanding at January 1, 2025

 

1,383,738

$

15.20

 

Granted

 

 

  

 

  

Exercised

 

 

 

  

 

  

Forfeited

 

 

  

 

  

Expired

Outstanding at March 29, 2025

 

1,383,738

$

15.20

 

6.61

$

83

Vested and expected to vest at March 29, 2025

 

1,383,738

$

15.20

 

6.61

$

83

Options exercisable at March 29, 2025

 

976,745

$

15.72

 

6.58

$

42

Schedule of stock appreciation rights activity

The following table represents the Company’s stock appreciation rights activity during the quarter ended March 29, 2025:

    

Weighted-

    

Weighted-

    

Average 

Average 

Exercise Price

Remaining 

Aggregate 

    

Shares

    

 per Share

    

Contract Term

    

Intrinsic Value

 

 

(in years)

(in thousands)

Outstanding at January 1, 2025

 

660,556

$

3.15

 

Granted

 

 

  

 

  

Exercised

 

 

 

  

 

  

Forfeited

 

 

 

  

 

  

Outstanding at March 29, 2025

 

660,556

$

3.15

 

8.13

$

2,168

Vested and expected to vest at March 29, 2025

 

660,556

$

3.15

 

8.13

$

2,168

Stock appreciation rights exercisable at March 29, 2025

 

292,602

$

3.19

 

8.12

$

949

Schedule of PSU activity

The following table represents the Company’s PSU activity during the fiscal quarter ended March 29, 2025:

    

 

Weighted-

 

Average 

 

Grant Date

    

Shares

    

 

Fair Value

 

 

Outstanding at January 1, 2025

 

807,771

$

2.91

Granted

 

325,613

7.33

Adjustment for performance achievement (1)

 

Forfeited

 

Outstanding at March 29, 2025

 

1,133,384

$

4.18

(1)Represents the adjustment to previously granted PSUs based on performance expectations as of the end of each respective fiscal year.
(2)An additional 325,613 PSUs could potentially be included if the maximum performance level of 200% is earned for all PSUs granted during the fiscal quarter ended March 29, 2025.