Stock-Based Compensation

6 Months Ended

Jul. 04, 2026

Note 9 – Stock-Based Compensation

The following table summarizes stock-based compensation expense recognized:

	Fiscal quarters ended				Six fiscal months ended
		July 4, 2026		June 28, 2025		July 4, 2026		June 28, 2025

Restricted stock units ("RSUs")	$	7,783	$	5,685	$	19,980	$	11,653
Phantom stock units		-		-		76		83
Total	$	7,783	$	5,685	$	20,056	$	11,736

The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at July 4, 2026 (amortization periods in years):


			Weighted
			Average
		Unrecognized	Remaining
		Compensation	Amortization
		Cost	Periods
Restricted stock units	$	67,888	1.9
Phantom stock units		-	n/a
Total	$	67,888

Restricted Stock Units

RSU activity as of July 4, 2026 and changes during the six fiscal months then ended are presented below (number of RSUs in thousands):


				Weighted
				Average
				Grant-date
	Number of			Fair Value per
	RSUs			Unit
Outstanding:
January 1, 2026	3,485		$	18.00
Granted	1,846			33.31
Vested*	(763	)		19.76
Cancelled or forfeited	(171	)		24.40
Outstanding at July 4, 2026	4,397		$	23.87

Expected to vest at July 4, 2026	5,872

* The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements.

The number of performance-based RSUs that are scheduled to vest increases ratably based on the achievement of defined performance and market criteria between the established target and maximum levels. RSUs with performance-based and market-based vesting criteria are expected to vest as follows (number of RSUs in thousands):


	Expected	Not Expected
Vesting Date	to Vest	to Vest	Total
January 1, 2027	877	-	877
January 1, 2028	1,484	-	1,484
January 1, 2029	1,535	-	1,535
March 1, 2029	-	175	175

Phantom Stock Units

The following table summarizes the Company's phantom stock units activity (number of phantom stock units in thousands):


			Grant-date
	Number of		Fair Value per
	units		Unit
Outstanding:
January 1, 2026	136
Granted	5	$	15.29
Dividend equivalents issued	1
Outstanding at July 4, 2026	142