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Employee Stock Plans (Tables)
12 Months Ended
Dec. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Stock-Based Compensation Expense Included in Condensed Consolidated Statements of Operations

Total stock-based compensation during the fiscal years 2022, 2021 and 2020, respectively, in various expense categories was as follows:

 

Year Ended

 

 

December 30,

 

 

December 31,

 

 

December 25,

 

(In millions)

2022

 

 

2021

 

 

2020

 

Cost of revenues (1)

$

1.5

 

 

$

2.0

 

 

$

1.8

 

Research and development

 

0.3

 

 

 

0.2

 

 

 

0.1

 

Sales and marketing

 

1.3

 

 

 

1.3

 

 

 

1.3

 

General and administrative

 

16.0

 

 

 

12.3

 

 

 

9.5

 

Total stock-based compensation

$

19.1

 

 

$

15.8

 

 

$

12.7

 

 

(1)
Stock-based compensation expenses capitalized in inventory for fiscal years 2022, 2021 and 2020 were immaterial.
Summary of Restricted Stock Unit and Restricted Stock Award Activity

The following table summarizes the Company’s PSUs, RSUs and RSAs activities through the year ended December 30, 2022:

 

 

 

 

 

Aggregate

 

 

 

 

 

 

Intrinsic

 

 

 

Number of

 

 

Value

 

 

 

Shares

 

 

(In millions)

 

Unvested restricted stock units and restricted stock awards at December 25, 2020

 

 

1.7

 

 

$

54.1

 

Granted

 

 

0.4

 

 

 

 

Vested

 

 

(0.8

)

 

 

 

Forfeited

 

 

(0.1

)

 

 

 

Unvested restricted stock units and restricted stock awards at December 31, 2021

 

 

1.2

 

 

$

69.3

 

Granted

 

 

0.7

 

 

 

 

Vested

 

 

(0.7

)

 

 

 

Forfeited

 

 

(0.1

)

 

 

 

Unvested restricted stock units and restricted stock awards at December 30, 2022

 

 

1.1

 

 

$

37.6

 

Vested and expected to vest restricted stock units and restricted stock
   awards

 

 

1.1

 

 

$

37.6

 

Performance Shares [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary for PSU awards Company used for the Monte Carlo simulation For the PSU awards, the Company used the following inputs for the Monte Carlo simulation:

 

Year Ended

 

December 30,

 

 

December 31,

 

 

December 25,

 

2022

 

 

2021

 

 

2020

Stock price

$

32.17

 

 

$

52.73

 

 

n/a

Term

2.68 years

 

 

2.67 years

 

 

n/a

Expected volatilities

 

65.9

%

 

 

64.7

%

 

n/a

Risk-free rate

 

2.7

%

 

 

0.3

%

 

n/a