Share-based Compensation |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 28, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Compensation | Share-based Compensation All activity and amounts reported in this footnote include both continuing and discontinued operations, unless otherwise noted. For information relating to the divestiture of the Company’s car wash businesses, refer to Note 12. Annual equity grants, including restricted stock units (“RSUs”) and performance stock unit (“PSUs”), which have historically been awarded in the first quarter of the fiscal year, have not been awarded as of March 28, 2026. The Company granted new awards during the three months ended March 28, 2026, consisting of 13,450 RSUs. During the three months ended March 29, 2025, the Company granted 541,052 RSUs and 664,383 PSUs. Awards are eligible to vest provided that the employee remains in continuous service on each vesting date. RSUs typically vest ratably over a period of to three years from the grant date. The PSUs generally vest after a three-year performance period. The number of PSUs that vest is contingent on the Company achieving certain performance goals specified in the award agreement, typically, one goal is a performance condition and the other is a market condition. The number of PSUs that may vest range from 0% to 200% of the original target grant, based upon the level of performance. Certain awards are considered probable of meeting vesting requirements, and therefore, the Company has started recognizing expense. For both RSUs and PSUs, the award agreements generally provide that if the grantee’s continuous service terminates for any reason, the grantee will forfeit all right, title, and interest in any unvested units as of the termination date. The fair value of the total RSUs granted during the three months ended March 28, 2026 was less than $1 million. The Company based the fair value of the RSUs on the Company’s stock price on the grant date. The range of assumptions used for PSUs issued during the three months ended March 29, 2025 with a market condition valued using the Monte Carlo model were as follows:
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