v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jul. 04, 2026
Stock-Based Compensation [Abstract]  
Summary of Recognized Stock-based Compensation Expense
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
Summary of Unrecognized Compensation Cost and Weighted Average Remaining Amortization Periods
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     
RSU Activity
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.
RSUs with Performance-Based Vesting Criteria 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 Unit Activity Under the Phantom Stock Plan
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