Stockholders’ Equity and Stock-Based Compensation (Tables)

6 Months Ended

Jun. 27, 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	31,254	108.11
Awards vested	(437,002)	32.85
Awards forfeited	(141,215)	36.94
RSUs at June 27, 2026	1,327,356	37.37

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


	Six Months Ended
	June 27, 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				Six Months Ended
	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Cost of revenues	$	1,726	$	1,690	$	3,567	$	3,695
Research and development	1,966		2,536		4,370		5,182
Selling, general and administrative	4,966		5,165		8,784		10,310
Total stock-based compensation	$	8,658	$	9,391	$	16,721	$	19,187

At June 27, 2026, the unrecognized stock-based compensation was as follows (dollars in thousands):


	Unrecognized Expense		Average Expected Recognition Period (in years)
Restricted stock units	$	29,276	1.86
Performance restricted stock units	6,419		1.74
Employee stock purchase plan	353		0.09
Total unrecognized stock-based compensation expense	$	36,048	1.82