v3.26.1
Stock-based Compensation Plans (Tables)
 6 Months Ended
Jun. 28, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Performance-Based Units and Restricted Stock Units Activity
The following table presents a summary of the Company’s performance-based share units (“PSUs”) and restricted stock units (“RSUs”) activity:
WEIGHTED AVERAGE GRANT DATE FAIR VALUE PER UNITAGGREGATE INTRINSIC VALUE (1)
(in thousands, except per unit data)PSUsRSUsPSUsRSUsPSUsRSUs
Outstanding as of December 28, 2025626 1,461 $16.08 $9.48 $4,253 $9,920 
Granted (2)1,158 2,010 $6.13 $6.30 
Performance adjustment (3)(229)— $21.02 $— 
Vested— (494)$— $10.52 
Forfeited(33)(41)$13.61 $9.77 
Outstanding as of June 28, 20261,522 2,936 $7.82 $7.13 $13,651 $26,333 
Expected to vest as of June 28, 2026 (4)1,410 2,936 $12,648 $26,333 
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(1)Based on the $6.79 and $8.97 share price of the Company’s common stock on the last trading day of the year ended December 28, 2025 and the twenty-six weeks ended June 28, 2026, respectively.
(2)Beginning in 2025, PSU grants contain separate performance goals that are set at the beginning of each of the three annual performance periods and units earned based on performance will cliff vest after three years.
(3)Represents adjustment to 0% payout for PSUs granted during 2023 and adjustment to 67% payout for the first annual performance period for PSUs granted during 2025.
(4)For PSUs, the estimated number of units to be issued upon the vesting of outstanding PSUs is based on Company performance projections of performance criteria set forth in the 2024, 2025 and 2026 PSU award agreements.
Schedule of Unrecognized Compensation Cost, Nonvested Awards
The following represents unrecognized stock-based compensation expense and the remaining weighted average recognition period as of June 28, 2026:
UNRECOGNIZED COMPENSATION EXPENSE
(dollars in thousands)		REMAINING WEIGHTED AVERAGE RECOGNITION PERIOD (in years)
Performance-based share units$7,288 2.2
Restricted stock units$16,519 2.2