v3.25.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 28, 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

 

 

39-Weeks Ended

 

 

 

September 28,
2025

 

 

September 29,
2024

 

 

September 28,
2025

 

 

September 29,
2024

 

Cost of goods sold

 

$

155

 

 

$

72

 

 

$

435

 

 

$

226

 

Selling, general and administrative expense

 

 

3,084

 

 

 

2,602

 

 

 

8,691

 

 

 

7,346

 

Total

 

$

3,239

 

 

$

2,674

 

 

$

9,126

 

 

$

7,572

 

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

 

 

(504,717

)

 

$

10.92

 

 

 

 

 

$

14,393

 

Cancelled/Forfeited

 

 

(25,330

)

 

$

15.68

 

 

 

 

 

$

532

 

Outstanding as of September 28, 2025

 

 

1,173,240

 

 

$

15.71

 

 

 

5.1

 

 

$

31,192

 

Options exercisable as of September 28, 2025

 

 

1,024,587

 

 

$

15.83

 

 

 

4.7

 

 

$

27,122

 

Options vested and expected to vest as of September 28, 2025

 

 

1,173,240

 

 

$

15.71

 

 

 

5.1

 

 

$

31,192

 

 

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

 

 

322,645

 

 

$

32.03

 

Vested(1)

 

 

(310,775

)

 

$

18.10

 

Forfeited

 

 

(35,953

)

 

$

25.80

 

Unvested as of September 28, 2025

 

 

620,058

 

 

$

26.13

 

 

(1) Includes 100,263 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

 

 

132,587

 

 

$

31.93

 

Forfeited

 

 

(8,618

)

 

$

25.57

 

Unvested as of September 28, 2025

 

 

362,733

 

 

$

25.43