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Stockholders' Equity (Tables)
12 Months Ended
Dec. 26, 2021
Share-based Payment Arrangement [Abstract]  
Stock Option Valuation Assumptions Awards with graded vesting are recognized using the straight-line method with the following assumptions (there were no stock options granted in 2020 or 2021):
Stock Options2019
Expected life10.0
Risk-free interest rate(1)
2.5% - 2.6%
Volatility(2)
47.5% - 49.1%
Forfeiture rate(3)5.1%
Dividend yield(4)—%

(1) The risk-free interest rate is based on U.S. Treasury yields in effect at the time of grant with a term equal to the expected term of the options.
(2) The Company estimated implied volatility based upon trailing volatility.
(3) Forfeitures are estimated at the time of grant based upon historical information. Forfeitures will be revised, if necessary, in subsequent periods if actual forfeitures differ from estimates.
(4) The Company has no history or expectation of paying dividends on its common stock.
Stock Options Roll Forward
A summary of the status of the Company’s stock option plan as of December 26, 2021, and changes in options outstanding under the plan for the year ended December 26, 2021, is as follows:

Number of
Shares Under Option
Weighted-Average Exercise Price per ShareWeighted-
Average
Remaining
Contractual
Term
(in years)
Aggregate Intrinsic Value
(000’s)(000’s)
Options outstanding at December 27, 202042 $4.98 2.0$897.9 
Granted— $— 
Exercised— $— 
Forfeited or expired— $— 
Options outstanding at December 26, 202142 $4.98 1.0$622.9 
Options exercisable at December 26, 202142 $4.98 1.0$622.9 
Grants and Exercises Under the Company's Option Plans
During the years ended December 26, 2021, December 27, 2020, and December 29, 2019, the following values relate to the grants and exercises under the Company’s option plans:

202120202019
Weighted average grant date fair value of options granted$— $— $10.25 
Total intrinsic value of options exercised (in thousands)$— $1,446.4 $8,874.9 
Restricted Stock Units Activity
The following table summarizes the Company’s Restricted Stock Unit activity:

Restricted
Stock Units
(000’s)
Weighted-Average Grant Date Fair Value
Nonvested balance at December 27, 20204,942 $11.12 
Granted1,452 $26.29 
Vested(953)$25.94 
Forfeitured or expired(5)$20.85 
Vested but not released(558)$11.02 
Nonvested balance at December 26, 20214,878 $12.74 
Assumptions and Resulting Fair Values of Options Granted The assumptions and resulting fair values of options granted for 2021, 2020 and 2019 were as follows:
Offering
Periods
January 1 to
December 31
2021
Offering
Periods
January 1 to
December 31
2020
Offering
Periods
January 1 to
December 31,
2019
Expected term (in years)(1)0.50.50.5
Risk-free interest rate(2)
0.06% - 0.09%
0.18% - 1.60%
2.09% - 2.56%
Expected volatility(3)
41.40% - 45.93%
44.14% - 82.75%
37.22% - 43.70%
Expected dividend yield(4)—%—%—%
Weighted average grant-date fair value per share$7.60$5.43$4.74

(1)    The expected term is equivalent to the offering period.
(2)    The risk-free interest rate is based on U.S. Treasury yields in effect at the time of grant with a term equal to the expected term.
(3)    The Company estimated implied volatility based upon trailing volatility.
(4)    The Company has no history or expectation of paying dividends on its common stock.