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

The Company recognized stock-based compensation expense in the condensed consolidated statements of operations for the periods presented:

 

 

13-Weeks Ended

 

 

26-Week Period Ended

 

 

 

June 29,
2025

 

 

June 30,
2024

 

 

June 29,
2025

 

 

June 30,
2024

 

Cost of goods sold

 

$

173

 

 

$

107

 

 

$

280

 

 

$

154

 

Selling, general and administrative expense

 

 

2,861

 

 

 

2,809

 

 

 

5,607

 

 

 

4,744

 

Total

 

$

3,034

 

 

$

2,916

 

 

$

5,887

 

 

$

4,898

 

Summary of Stock Option Activity

The following table summarizes stock option activity since December 29, 2024:

 

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term (Years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding as of December 29, 2024

 

 

1,703,287

 

 

$

14.30

 

 

 

 

 

$

39,264

 

Granted

 

 

 

 

$

 

 

 

 

 

$

 

Exercised

 

 

(397,173

)

 

$

9.19

 

 

 

 

 

$

11,299

 

Cancelled/Forfeited

 

 

(23,714

)

 

$

15.60

 

 

 

 

 

$

496

 

Outstanding as of June 29, 2025

 

 

1,282,400

 

 

$

15.85

 

 

 

5.4

 

 

$

29,469

 

Options exercisable as of June 29, 2025

 

 

1,129,826

 

 

$

15.98

 

 

 

5.0

 

 

$

25,817

 

Options vested and expected to vest as of June 29, 2025

 

 

1,282,400

 

 

$

15.85

 

 

 

5.4

 

 

$

29,469

 

Summary of RSU Activity

The following table summarizes RSU activity since December 29, 2024:

 

 

Number of
RSUs

 

 

Weighted-
Average
Grant Date Fair Value

 

Unvested as of December 29, 2024

 

 

644,141

 

 

$

19.28

 

Granted

 

 

311,077

 

 

$

31.59

 

Vested(1)

 

 

(305,463

)

 

$

18.02

 

Forfeited

 

 

(22,682

)

 

$

25.78

 

Unvested as of June 29, 2025

 

 

627,073

 

 

$

25.77

 

(1) Includes 98,675 shares of common stock withheld to cover taxes on the release of vested RSUs and became available for future grants pursuant to the 2020 Incentive Plan.

Summary of PSU activity

The following table summarizes PSU activity since December 29, 2024:

 

 

Number of
PSUs

 

 

Weighted-
Average
Grant Date Fair Value

 

Unvested as of December 29, 2024

 

 

238,764

 

 

$

21.82

 

Granted

 

 

128,934

 

 

$

31.55

 

Forfeited

 

 

(5,882

)

 

$

25.99

 

Unvested as of June 29, 2025

 

 

361,816

 

 

$

25.22