STOCK - BASED COMPENSATION (Tables)
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6 Months Ended |
Jun. 28, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Summary of Stock Option Activity |
The following table summarizes the Company’s stock option activity for the twenty-six weeks ended June 28, 2026 and June 29, 2025: | | | | | | | | | | | | | | | | | | | | | | | | (dollar amounts in thousands except per share amounts) | Number of Shares | | Weighted Average Exercise Price Per Share | | Weighted-Average Remaining Contractual Term (In Years) | | Aggregate Intrinsic Value | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance—December 28, 2025 | 14,070,559 | | $ | 10.35 | | | 5.30 | | $ | 12,769 | | | Options granted | 1,417,862 | | 5.76 | | | | | | | Options exercised | (11,599) | | 5.01 | | | | | | | Options forfeited | (490,510) | | 20.82 | | | | | | | Options expired | (348,290) | | 13.22 | | | | | | | Balance—June 28, 2026 | 14,638,022 | | $ | 9.49 | | | 4.98 | | $ | 29,803 | | | | | | | | | | | Exercisable—June 28, 2026 | 11,215,186 | | $ | 8.94 | | | 3.76 | | $ | 24,180 | | | | | | | | | | | Vested and expected to vest—June 28, 2026 | 14,638,022 | | $ | 9.49 | | | 4.98 | | $ | 29,803 | |
| | | | | | | | | | | | | | | | | | | | | | | | (dollar amounts in thousands except per share amounts) | Number of Shares | | Weighted Average Exercise Price Per Share | | Weighted-Average Remaining Contractual Term (In Years) | | Aggregate Intrinsic Value | | Balance—December 29, 2024 | 13,169,869 | | $ | 9.88 | | | 6.04 | | $ | 297,037 | | | Options granted | 1,524,847 | | 22.09 | | | | | | | Options exercised | (323,369) | | 8.43 | | | | | | | Options forfeited | (552,630) | | 17.48 | | | | | | | Options expired | (26,467) | | 17.47 | | | | | | | Balance—June 29, 2025 | 13,792,250 | | $ | 10.95 | | | 5.82 | | $ | 64,407 | | | | | | | | | | | Exercisable—June 29, 2025 | 10,425,334 | | $ | 8.23 | | | 4.81 | | $ | 60,880 | | | | | | | | | | | Vested and expected to vest—June 29, 2025 | 13,792,250 | | $ | 10.95 | | | 5.82 | | $ | 64,407 | |
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| Summary of Restricted Stock Units Activity |
The following table summarizes the Company’s RSU activity for the twenty-six weeks ended June 28, 2026 and June 29, 2025:
| | | | | | | | | | | | (dollar amounts in thousands except per share amounts) | Number of Shares | | Weighted-Average Grant Date Fair Value | Balance—December 28, 2025 | 783,226 | | | $ | 12.71 | | | Granted | 1,425,463 | | | 6.54 | | | Released | (331,327) | | | 12.34 | | | Forfeited | (91,609) | | | 14.19 | | Balance—June 28, 2026 | 1,785,753 | | | $ | 7.78 | |
| | | | | | | | | | | | (dollar amounts in thousands except per share amounts) | Number of Shares | | Weighted-Average Grant Date Fair Value | Balance—December 29, 2024 | 910,024 | | | $ | 17.72 | | | Granted | 308,281 | | | 19.31 | | | Released | (524,848) | | | 19.20 | | | Forfeited | (120,070) | | | 15.73 | | Balance—June 29, 2025 | 573,387 | | | $ | 17.65 | |
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| Summary of Stock-based Compensation Expense |
A summary of stock-based compensation expense recognized during the thirteen and twenty-six weeks ended June 28, 2026 and June 29, 2025 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Thirteen weeks ended | | Twenty-six weeks ended | | (dollar amounts in thousands) | June 28,
2026 | | June 29,
2025 | | June 28,
2026 | | June 29,
2025 | | Stock-options | $ | 2,124 | | | $ | 3,193 | | | $ | 5,765 | | | $ | 5,811 | | | Restricted stock units | 2,854 | | | 2,344 | | | 4,358 | | | 6,552 | | | Performance stock units | 200 | | | 2,463 | | | 859 | | | 5,858 | | | Total stock-based compensation | $ | 5,178 | | | $ | 8,000 | | | $ | 10,982 | | | $ | 18,221 | |
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| Share-Based Payment Arrangement, Performance Shares, Outstanding Activity |
The following table summarizes the Company’s PSU activity for the twenty-six weeks ended June 28, 2026:
| | | | | | | | | | | | (dollar amounts in thousands except per share amounts) | Number of Shares | | Weighted-Average Grant Date Fair Value | Balance—December 28, 2025 | 4,500,000 | | | $ | 15.62 | | | Granted | 400,000 | | | 6.05 | | | Released | — | | | — | | | Forfeited | — | | | — | | Balance—June 28, 2026 | 4,900,000 | | | $ | 14.84 | |
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