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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 28, 2022
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Changes in Stock Options

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Weighted-Average

 

Aggregate

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Weighted-Average

 

 Contractual Life

 

Intrinsic Value

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Shares

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Exercise Price

 

Life (Years)

 

(in thousands)

Outstanding - December 29, 2021

 

978,078

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$

11.45

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Grants

 

372,958

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10.54

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Exercised

 

(150,475)

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10.50

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Forfeited, cancelled or expired

 

(18,617)

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$

15.86

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Outstanding - September 28, 2022

 

1,181,944

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$

11.21

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6.06

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$

742

Vested and expected to vest at September 28, 2022

 

1,172,082

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$

11.21

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6.03

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$

742

Exercisable at September 28, 2022

 

659,861

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$

10.50

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3.58

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$

742

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

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September 28, 2022

    

September 29, 2021

 

Expected volatility

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43.0

%  

46.9

%

Risk-free interest rate

 

2.9

%  

1.1

%

Expected term (years)

 

6.25

 

6.25

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Expected dividends

 

—

 

—

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Schedule of Changes in Restricted Shares

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Weighted-Average

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Shares

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Fair Value

Unvested shares at December 29, 2021

 

495,780

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$

13.92

Granted

 

352,114

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$

10.36

Released

 

(180,696)

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$

13.10

Forfeited, cancelled, or expired

 

(27,931)

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$

14.01

Unvested shares at September 28, 2022

 

639,267

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$

12.19