Share-Based Compensation (Tables)

9 Months Ended

Oct. 02, 2022

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Share-Based Compensation Expense in Selling, General and Administrative Expenses

The Company presents share-based compensation expense in selling, general and administrative expenses on the Company’s consolidated statements of income. The amount recognized was as follows:

	Thirteen weeks ended				Thirty-nine weeks ended
	October 2, 2022		October 3, 2021		October 2, 2022		October 3, 2021
Share-based compensation expense	$	3,752	$	3,453	$	11,672	$	11,304

Summary of Outstanding Share-Based Awards

The following share-based awards were outstanding as of October 2, 2022 and October 3, 2021:

	As of
	October 2, 2022		October 3, 2021
	(in thousands)
Options
Vested		313		244
Unvested		1,047		1,134
RSUs		974		935
PSAs		460		433

Summary of Total Unrecognized Compensation Expense and Remaining Weighted Average Recognition Period Related to Outstanding Share-Based Awards

As of October 2, 2022, total unrecognized compensation expense and remaining weighted average recognition period related to outstanding share-based awards was as follows:

	Unrecognized compensation expense		Remaining weighted average recognition period
Options	$	3,781		1.1
RSUs		19,114		1.7
PSAs		784		1.4
Total unrecognized compensation expense at October 2, 2022	$	23,679

Awards Granted under the 2022 Incentive Plan [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Share-Based Compensation Awards Granted

During the thirty-nine weeks ended October 2, 2022, the Company granted the following share-based compensation awards under the 2022 Incentive Plan:

Grant Date	RSUs		PSAs		Options
June 7, 2022		58,057		—		—
September 7, 2022		21,598		—		—
Total		79,655		—		—
Weighted-average grant date fair value	$	27.75	$	—	$	—
Weighted-average exercise price		—		—		—

Awards Granted under the 2013 Incentive Plan [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Share-Based Compensation Awards Granted

During the thirty-nine weeks ended October 2, 2022, the Company granted the following share-based compensation awards under the 2013 Incentive Plan:

Grant Date	RSUs		PSAs		Options
March 15, 2022		370,177		147,846		211,352
March 21, 2022		104,913		14,260		20,270
Total		475,090		162,106		231,622
Weighted-average grant date fair value	$	31.60	$	31.52	$	10.58
Weighted-average exercise price		—		—	$	31.52