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Stock-Based Compensation
 3 Months Ended
Mar. 29, 2025
Stock-Based Compensation [Abstract]  
Stock-Based Compensation
Note 10 – Stock-Based Compensation

The following table summarizes stock-based compensation expense recognized:

   
Fiscal quarters ended
  
   
March 29, 2025
    
March 30, 2024
  
             
Restricted stock units ("RSUs")
  
$
5,968
    
$
5,226
  
Phantom stock units
    
83
      
118
  
Total
  
$
6,051
    
$
5,344
  


The following table summarizes unrecognized compensation cost and the weighted average remaining amortization periods at March 29, 2025 (amortization periods in years):

 
Unrecognized
Compensation
Cost
    
Weighted
Average
Remaining
Amortization
Periods
  
             
Restricted stock units
  
$
34,156
      
2.3
  
Phantom stock units
    
-
      
n/a
  
Total
  
$
34,156
          



Restricted Stock Units

RSU activity as of March 29, 2025 and changes during the three fiscal months then ended are presented below (number of RSUs in thousands):

 
Number of
RSUs
    
Weighted
Average
Grant-date
Fair Value per
Unit
  
Outstanding:
            
January 1, 2025
    
2,628
    
$
21.37
  
Granted
    
873
      
19.33
  
Vested*
    
(728
)
    
21.76
  
Cancelled or forfeited
    
(116
)
    
20.97
  
Outstanding at March 29, 2025
    
2,657
    
$
20.61
  
                 
Expected to vest at March 29, 2025
    
1,985
          
* The number of RSUs vested includes shares that the Company withheld on behalf of employees to satisfy the statutory tax withholding requirements.

The number of performance-based RSUs that are scheduled to vest increases ratably based on the achievement of defined performance and market criteria between the established target and maximum levels.  RSUs with performance-based and market-based vesting criteria are expected to vest as follows (number of RSUs in thousands):

Vesting Date
  
Expected
to Vest
    
Not Expected
to Vest
    
Total
  
January 1, 2026
     -       137       137  
January 1, 2027
     -       549       549  
January 1, 2028
    433       -       433  
March 1, 2029
     175
       -
       175
  

Phantom Stock Units

The following table summarizes the Company's phantom stock units activity (number of phantom stock units in thousands):

 
Number of
units
  
Grant-date
Fair Value per
Unit
  
Outstanding:
          
January 1, 2025
    
128
      
Granted
    
5
    
$
16.69
  
Dividend equivalents issued
    
1
          
Outstanding at March 29, 2025
    
134