Stockholders' Equity (Tables)
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6 Months Ended |
Jul. 03, 2026 |
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| Stockholders' Equity Note [Abstract] |
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| Schedule of Compensation Cost |
The cost that has been charged against income for stock-based compensation is set forth below (in thousands):
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Three Months Ended |
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Six Months Ended |
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July 3, 2026 |
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June 27, 2025 |
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July 3, 2026 |
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June 27, 2025 |
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Employee stock options |
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$ |
867 |
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$ |
1,683 |
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$ |
2,001 |
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$ |
4,045 |
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Restricted stock |
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— |
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145 |
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— |
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|
302 |
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RSUs |
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3,107 |
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3,345 |
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5,385 |
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6,308 |
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PSUs |
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2,196 |
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2,211 |
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|
3,389 |
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|
2,607 |
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Nonemployee stock options |
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273 |
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165 |
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|
376 |
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302 |
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Nonemployee RSUs |
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117 |
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|
253 |
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|
232 |
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|
253 |
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Total stock-based compensation expense |
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$ |
6,560 |
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$ |
7,802 |
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$ |
11,383 |
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$ |
13,817 |
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| Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs |
The Company recorded stock-based compensation costs in the following categories (in thousands):
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Three Months Ended |
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Six Months Ended |
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July 3, 2026 |
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June 27, 2025 |
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July 3, 2026 |
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June 27, 2025 |
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Cost of sales |
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$ |
286 |
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$ |
90 |
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$ |
510 |
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$ |
380 |
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General and administrative |
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3,292 |
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4,643 |
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4,945 |
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7,326 |
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Selling and marketing |
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1,254 |
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1,309 |
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2,490 |
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2,586 |
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Research and development |
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1,728 |
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|
1,760 |
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|
3,438 |
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|
3,525 |
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Total stock-based compensation expense, net |
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6,560 |
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|
7,802 |
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11,383 |
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|
13,817 |
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Amounts capitalized as part of inventory |
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|
105 |
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|
192 |
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|
218 |
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|
504 |
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Total stock-based compensation expense, gross |
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$ |
6,665 |
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$ |
7,994 |
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$ |
11,601 |
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$ |
14,321 |
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| Schedule of Unrecognized Compensation Cost, Non-Vested Stock-Based Compensation Arrangements |
As of July 3, 2026, total unrecognized compensation cost related to non-vested stock-based compensation arrangements were as follows (in thousands):
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July 3, 2026 |
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Stock options |
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$ |
2,914 |
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RSUs and PSUs |
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|
28,401 |
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Total unrecognized stock-based compensation cost |
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$ |
31,315 |
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The risk-free rate is based on the U.S. Treasury yield curve corresponding to the expected term at the time of the grant.
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Three Months Ended |
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Six Months Ended |
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July 3, 2026 |
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June 27, 2025 |
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|
July 3, 2026 |
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June 27, 2025 |
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Expected dividend yield |
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0 |
% |
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0 |
% |
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0 |
% |
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|
0 |
% |
Expected volatility |
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62 |
% |
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|
60 |
% |
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62 |
% |
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|
60 |
% |
Risk-free interest rate |
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4.23 |
% |
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|
4.03 |
% |
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|
4.06 |
% |
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|
4.09 |
% |
Expected term (in years) |
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|
4.86 |
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|
5.05 |
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|
4.86 |
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|
5.05 |
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Note 11 — Stockholders’ Equity (Continued)
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| Schedule of Share-based Compensation, Stock Options, Activity |
A summary of stock option activity under the Equity Plan for six months ended July 3, 2026 is presented below:
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Stock
Options
(in 000’s) |
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Weighted-
Average
Exercise
Price |
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Weighted-
Average
Remaining
Contractual
Term (years) |
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Aggregate
Intrinsic
Value
(in 000’s) |
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Outstanding at January 2, 2026 |
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1,716 |
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$ |
44.85 |
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Granted |
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|
66 |
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25.48 |
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Exercised |
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(88 |
) |
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|
15.93 |
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Forfeited or expired |
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(123 |
) |
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|
40.03 |
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Outstanding at July 3, 2026 |
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1,571 |
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$ |
46.04 |
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|
5.64 |
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$ |
2,282 |
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Exercisable at July 3, 2026 |
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|
1,374 |
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$ |
48.18 |
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|
5.29 |
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$ |
1,873 |
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| Schedule of Share-based Compensation, Restricted Stock, RSU and PSU Activity |
A summary of RSU and PSU activity under the Equity Plan for the six months ended July 3, 2026 is presented below (shares in thousands):
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RSUs |
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PSUs |
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Unvested at January 2, 2026 |
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1,459 |
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|
802 |
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Granted |
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|
510 |
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|
460 |
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Vested |
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(533 |
) |
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(281 |
) |
Forfeited or expired |
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(256 |
) |
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(178 |
) |
Unvested at July 3, 2026 |
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1,180 |
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|
803 |
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