v3.25.2
Share-based Compensation (Tables)
6 Months Ended
Jun. 29, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Share Option Awards

A summary of the status of the Company’s share option awards is presented below:

 

 

Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life
(In Years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding at December 29, 2024

 

 

509,660

 

 

$

4.67

 

 

 

 

 

 

 

Granted

 

 

315,000

 

 

 

1.18

 

 

 

 

 

 

 

Forfeited

 

 

(17,800

)

 

 

3.90

 

 

 

 

 

 

 

Outstanding at June 29, 2025

 

 

806,860

 

 

$

3.32

 

 

 

7.66

 

 

$

3,118

 

Exercisable at June 29, 2025

 

 

308,184

 

 

$

4.30

 

 

 

5.06

 

 

$

54

 

Vested and Expected to Vest at June 29, 2025

 

 

799,484

 

 

$

3.34

 

 

 

7.64

 

 

$

3,063

 

Weighted-Average Assumptions Used to Estimate the Fair Value of Each Share Option Award

The fair value of each share option award on the date of grant was estimated using the Black-Scholes method based on the following weighted-average assumptions:

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

 

 

June 29,
2025

 

 

June 30,
2024

 

 

June 29,
2025

 

 

June 30,
2024

 

Risk-free interest rate

 

 

 

 

 

 

 

 

4.2

%

 

 

4.2

%

Expected term

 

 

 

 

 

 

 

7.5 years

 

 

7.5 years

 

Expected volatility

 

 

 

 

 

 

 

 

81.4

%

 

 

77.6

%

Expected dividend yield

 

 

 

 

 

 

 

 

 

 

 

4.1

%

Summary of Nonvested Share Awards Activity

A summary of the status of the Company’s nonvested share awards is presented below:

 

 

Shares

 

 

Weighted-
Average Grant-
Date Fair
Value

 

Balance at December 29, 2024

 

 

691,800

 

 

$

7.24

 

Granted

 

 

352,980

 

 

 

1.07

 

Vested

 

 

(316,185

)

 

 

7.95

 

Forfeited

 

 

(34,340

)

 

 

5.63

 

Balance at June 29, 2025

 

 

694,255

 

 

$

3.86