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Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 29, 2025
Stock-Based Compensation [Abstract]  
Summary of Recognized Stock-based Compensation Expense
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
  
Summary of Unrecognized Compensation Cost and Weighted Average Remaining Amortization Periods
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
          
RSU Activity
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.
RSUs with Performance-Based Vesting Criteria 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 Unit Activity Under the Phantom Stock Plan
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