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EQUITY-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 29, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Roll Forward
A summary of the Company’s stock option activity is as follows:
Weighted Average
(in thousands, except per share amounts)Number Of OptionsExercise PriceRemaining Contractual Term (Years)Aggregate Intrinsic Value
Outstanding - December 31, 20233,078 $11.45 6.8$97,054 
Granted7 47.84 
Exercised(768)4.12 
Forfeited or expired(53)15.34 
Outstanding - December 29, 20242,264 $13.96 6.9$227,328 
Exercisable - December 29, 20241,070 $9.43 5.3
Vested and expected to vest - December 29, 20242,264 $13.96 6.9$227,328 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The following table reflects the weighted-average assumptions utilized in the Black-Scholes option pricing model during the fiscal years indicated:
202420232022
Expected term (in years)1
6.36.46.2
Volatility2
46.7%46.0%45.0%
Risk-free interest rate4.1%3.8%1.7%
Dividend rate—%—%—%
Weighted-average grant date fair value per share$24.47$9.98$2.97
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1    Expected term was calculated using the simplified method, which is an average of the contractual term and vesting period of the option, as we do not have sufficient historical data for determining the expected term of our stock option awards.
2    Volatility was based on a group of industry peers with sufficient history.
Schedule of Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
A summary of the Company’s restricted stock unit activity is as follows:
(in thousands, except per share amounts)Number of UnitsWeighted-Average Grant Date Fair ValueAggregate Intrinsic Value
Non-vested - December 31, 20232,653 $12.69 $113,985 
Granted34 63.24 
Vested(900)10.42 
Forfeited(151)14.98 
Non-vested - December 29, 20241,636 $14.79 $187,109