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Employee Stock Plans (Tables)
6 Months Ended
Jun. 30, 2023
Postemployment Benefits [Abstract]  
Stock-Based Compensation Expense Included in Condensed Consolidated Statements of Operations

The following table shows the Company’s stock-based compensation expense included in the Condensed Consolidated Statements of Operations:

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

July 1,

 

 

June 30,

 

 

July 1,

 

(In millions)

2023

 

 

2022

 

 

2023

 

 

2022

 

Cost of revenues (1)

$

0.3

 

 

$

0.5

 

 

$

0.6

 

 

$

1.0

 

Research and development

 

0.1

 

 

 

0.1

 

 

 

0.1

 

 

 

0.2

 

Sales and marketing

 

0.3

 

 

 

0.3

 

 

 

0.7

 

 

 

0.6

 

General and administrative

 

0.3

 

 

 

3.6

 

 

 

3.3

 

 

 

8.3

 

Total stock-based compensation

$

1.0

 

 

$

4.5

 

 

$

4.7

 

 

$

10.1

 

(1)
Stock-based compensation expense capitalized in inventory for the three and six months ended June 30, 2023 and July 1, 2022 were immaterial.
Summary of Restricted Stock Unit, Performance Stock Units and Restricted Stock Award Activity

The following table summarizes the Company’s combined RSU, PSU and RSA activity for the six months ended June 30, 2023 (in millions):

 

 

 

 

 

Aggregate

 

 

 

Number of

 

 

Intrinsic

 

 

 

Shares

 

 

Value

 

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

 

 

1.1

 

 

$

37.6

 

Granted

 

 

0.8

 

 

 

 

Vested

 

 

(0.5

)

 

 

 

Forfeited

 

 

 

 

 

 

Unvested restricted stock units and restricted stock awards at June 30, 2023

 

 

1.4

 

 

$

52.4

 

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

 

 

1.4

 

 

$

52.4