Stockholders’ Equity and Stock-Based Compensation (Tables)

3 Months Ended

Mar. 28, 2026

Restricted stock unit (“RSU”) activity under our equity incentive plan was as follows:


	Units	Weighted Average Grant Date Fair Value
RSUs at December 27, 2025	1,874,319	$	35.10
Awards granted	18,648	90.29
Awards vested	(205,237)	32.68
Awards forfeited	(94,334)	39.88
RSUs at March 28, 2026	1,593,396	35.78

Information related to activity under our Employee Stock Purchase Plan (“ESPP”) was as follows:


	Three Months Ended
	March 28, 2026
Shares issued	176,570
Weighted average per share purchase price	$	33.06
Weighted average per share discount from the fair value of our common stock on the date of issuance	$	37.49

Stock-based compensation was included in our Condensed Consolidated Statements of Income as follows (in thousands):


	Three Months Ended
	March 28, 2026		March 29, 2025
Cost of revenues	$	1,841	$	2,005
Research and development	2,404		2,646
Selling, general and administrative	3,818		5,145
Total stock-based compensation	$	8,063	$	9,796

At March 28, 2026, the unrecognized stock-based compensation was as follows (dollars in thousands):


	Unrecognized Expense		Average Expected Recognition Period in Years
Restricted stock units	$	34,996	1.99
Performance restricted stock units	7,913		1.86
Employee stock purchase plan	1,412		0.34
Total unrecognized stock-based compensation expense	$	44,321	1.92