Stockholders' Equity (Tables)
|
3 Months Ended |
Apr. 03, 2026 |
|---|
| Stockholders' Equity Note [Abstract] |
|
| Schedule of Compensation Cost |
The cost that has been charged against income for stock-based compensation is set forth below (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
April 3, 2026 |
|
|
March 28, 2025 |
|
Employee stock options |
|
$ |
1,134 |
|
|
$ |
2,362 |
|
Restricted stock |
|
|
— |
|
|
|
157 |
|
RSUs |
|
|
2,278 |
|
|
|
2,963 |
|
PSUs |
|
|
1,193 |
|
|
|
396 |
|
Nonemployee stock options |
|
|
103 |
|
|
|
137 |
|
Nonemployee RSUs |
|
|
115 |
|
|
|
— |
|
Total stock-based compensation expense |
|
$ |
4,823 |
|
|
$ |
6,015 |
|
|
| Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs |
The Company recorded stock-based compensation costs in the following categories (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
April 3, 2026 |
|
|
March 28, 2025 |
|
Cost of sales |
|
$ |
224 |
|
|
$ |
290 |
|
General and administrative |
|
|
1,653 |
|
|
|
2,683 |
|
Selling and marketing |
|
|
1,236 |
|
|
|
1,277 |
|
Research and development |
|
|
1,710 |
|
|
|
1,765 |
|
Total stock-based compensation expense, net |
|
|
4,823 |
|
|
|
6,015 |
|
Amounts capitalized as part of inventory |
|
|
113 |
|
|
|
312 |
|
Total stock-based compensation expense, gross |
|
$ |
4,936 |
|
|
$ |
6,327 |
|
Note 11 — Stockholders’ Equity (Continued) Stock-Based Compensation (Continued)
|
| Schedule of Unrecognized Compensation Cost, Non-Vested Stock-Based Compensation Arrangements |
As of April 3, 2026, total unrecognized compensation cost related to non-vested stock-based compensation arrangements were as follows (in thousands):
|
|
|
|
|
|
|
April 3, 2026 |
|
Stock options |
|
$ |
3,499 |
|
RSUs and PSUs |
|
|
32,214 |
|
Total unrecognized stock-based compensation cost |
|
$ |
35,713 |
|
|
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The risk-free rate is based on the U.S. Treasury yield curve corresponding to the expected term at the time of the grant.
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
April 3, 2026 |
|
|
March 28, 2025 |
|
Expected dividend yield |
|
|
0 |
% |
|
|
0 |
% |
Expected volatility |
|
|
62 |
% |
|
|
60 |
% |
Risk-free interest rate |
|
|
3.72 |
% |
|
|
4.33 |
% |
Expected term (in years) |
|
|
4.86 |
|
|
|
5.05 |
|
|
| Schedule of Share-based Compensation, Stock Options, Activity |
A summary of stock option activity under the Equity Plan for three months ended April 3, 2026 is presented below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock
Options
(in 000’s) |
|
|
Weighted-
Average
Exercise
Price |
|
|
Weighted-
Average
Remaining
Contractual
Term (years) |
|
|
Aggregate
Intrinsic
Value
(in 000’s) |
|
Outstanding at January 2, 2026 |
|
|
1,716 |
|
|
$ |
44.85 |
|
|
|
|
|
|
|
Granted |
|
|
23 |
|
|
|
18.46 |
|
|
|
|
|
|
|
Exercised |
|
|
(20 |
) |
|
|
8.51 |
|
|
|
|
|
|
|
Forfeited or expired |
|
|
(85 |
) |
|
|
34.50 |
|
|
|
|
|
|
|
Outstanding at April 3, 2026 |
|
|
1,634 |
|
|
$ |
45.47 |
|
|
|
5.79 |
|
|
$ |
1,158 |
|
Exercisable at April 3, 2026 |
|
|
1,363 |
|
|
$ |
48.66 |
|
|
|
5.26 |
|
|
$ |
898 |
|
|
| Schedule of Share-based Compensation, Restricted Stock, RSU and PSU Activity |
A summary of RSU and PSU activity under the Equity Plan for the three months ended April 3, 2026 is presented below (shares in thousands):
|
|
|
|
|
|
|
|
|
|
|
RSUs |
|
|
PSUs |
|
Unvested at January 2, 2026 |
|
|
1,459 |
|
|
|
802 |
|
Granted |
|
|
456 |
|
|
|
414 |
|
Vested |
|
|
(453 |
) |
|
|
— |
|
Forfeited or expired |
|
|
(243 |
) |
|
|
(178 |
) |
Unvested at April 3, 2026 |
|
|
1,219 |
|
|
|
1,038 |
|
|