v3.26.1
Stock-Based Compensation
6 Months Ended
Jul. 04, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Stock-based compensation costs are based on the fair values on the date of grant for stock awards and stock options and on the date of enrollment for the employee stock purchase plans. The fair values of stock awards (such as restricted stock units (“RSUs”) and performance stock units (“PSUs”) are estimated based on their intrinsic values. The fair values of stock options and rights under the Company’s Employee Stock Purchase Plan are estimated using the Black-Scholes option-pricing model.
The following table presents details of stock-based compensation costs recognized in the Condensed Consolidated Statements of Operations (in thousands):
Three Months EndedSix Months Ended
July 4,
2026
July 5,
2025
July 4,
2026
July 5,
2025
Cost of revenues$463 $457 $905 $1,070 
Research and development12,902 12,101 24,319 24,109 
Selling, general and administrative12,284 7,333 21,480 14,427 
25,649 19,891 46,704 39,606 
Income tax benefit7,391 2,462 9,955 4,964 
Total$18,258 $17,429 $36,749 $34,642 
The Company had approximately $130.8 million of total unrecognized compensation cost related to equity grants as of July 4, 2026 that is expected to be recognized over a weighted-average period of approximately 2.2 years.