Equity-Based Compensation (Tables)

9 Months Ended

Oct. 02, 2022

Equity-Based Compensation

Schedule of estimate fair value of purchase rights under ESPP

Expected term (in years)		0.50 to 1.00
Expected volatility		63.80 to 78.05	%
Risk-free interest rate		3.26 to 3.36	%
Dividend yield		-
Weighted average fair value per share of ESPP awards granted	$	2.72 to 2.93

Summary of stock option activity

A summary of stock option activity is as follows (in thousands, except per share amounts and years):

		Weighted-		Weighted-
		Average		Average
		Exercise		Remaining	Aggregate
	Options	Price per		Contractual	Intrinsic
	Outstanding	Option		Life (years)	Value
Balance as of January 2, 2022	322,793	$	11.35	9.29		—
Granted	—		—	—
Outstanding as of October 2, 2022	322,793	$	11.35	8.54	$	—
Exercisable as of October 2, 2022	161,397	$	11.35	8.54	$	—
Vested and expected to vest as of October 2, 2022	322,793	$	11.35	8.54	$	—

Summary of restricted stock and restricted stock units

		Weighted-
	Restricted	Average Fair
	Stock	Value per Share
Balance at January 2, 2022	381,612	$	5.39
Restricted stock granted	—		—
Restricted stock vested	(172,725)		5.40
Restricted stock forfeited	(22,693)		5.39
Balance at October 2, 2022	186,194	$	5.38
	Unvested	Weighted-
	Restricted	Average Fair
	Stock Units	Value per Share
Balance at January 2, 2022	—		—
Restricted stock units granted	2,213,373	$	9.54
Restricted stock units vested	(607,063)		10.06
Restricted stock units forfeited	(158,180)		10.02
Balance at October 2, 2022	1,448,130	$	9.27