v3.25.2
Stock-Based Compensation
6 Months Ended
Jul. 05, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Stock-based compensation costs are based on the fair values on the date of grant for stock awards and stock options and on the date of enrollment for the employee stock purchase plans. The fair values of stock awards (such as restricted stock units (“RSUs”) and performance stock units (“PSUs”)) are estimated based on their intrinsic values. The fair values of market stock awards (“MSUs”) are estimated using a Monte Carlo simulation. The fair values of stock options and rights under the Company’s Employee Stock Purchase Plan are estimated using the Black-Scholes option-pricing model.
The following table presents details of stock-based compensation costs recognized in the Condensed Consolidated Statements of Operations (in thousands):
Three Months EndedSix Months Ended
July 5,
2025
June 29,
2024
July 5,
2025
June 29,
2024
Cost of revenues$457 $412 $1,070 $824 
Research and development12,101 10,217 24,109 19,939 
Selling, general and administrative7,333 5,215 14,427 8,692 
19,891 15,844 39,606 29,455 
Income tax benefit2,462 2,075 4,964 3,802 
Total$17,429 $13,769 $34,642 $25,653 
The Company had approximately $131.3 million of total unrecognized compensation cost related to equity grants as of July 5, 2025 that is expected to be recognized over a weighted-average period of approximately 2.3 years.