XML 45 R32.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 27, 2025

Summary of Recognized Stock-based Compensation Expense

The following table summarizes stock-based compensation expense recognized:

	Fiscal quarters ended						Nine fiscal months ended
	September 27, 2025			September 28, 2024			September 27, 2025			September 28, 2024

Restricted stock units ("RSUs")		$	5,899		$	5,635		$	17,552		14,810
Phantom stock units			-			-			83		118
Total		$	5,899		$	5,635		$	17,635		14,928

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 September 27, 2025 (amortization periods in years):

	Unrecognized Compensation Cost			Weighted Average Remaining Amortization Periods

Restricted stock units		$	32,559		2.0
Phantom stock units			-		n/a
Total		$	32,559

RSU Activity

RSU activity under the Company's stock incentive programs as of September 27, 2025 and changes during the nine 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*		1,889			15.11
Vested**		(772	)		21.78
Cancelled or forfeited		(203	)		19.89
Outstanding at September 27, 2025		3,542		$	18.03

Expected to vest at September 27, 2025		2,571

* Employees in certain countries are granted equity-linked awards that will be settled in cash and are accounted for as liability awards. The liability awards are not material. The number of RSUs granted excludes these awards.

** 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		-		533		533
January 1, 2028		569		301		870
March 1, 2029		175		-		175

Phantom Stock Unit Activity Under the Phantom Stock Plan

Phantom stock unit activity as of September 27, 2025 and changes during the nine fiscal months then ended are presented below (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		3
Outstanding at September 27, 2025		136