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Equity Agreements and Incentive Equity Plans (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Awards
The summary of the Company’s restricted stock awards activity is as follows:

Restricted Stock Awards
B-1 Incentive UnitsB-2 Incentive Units
Number of
Units
Weighted-
Average
Grant-Date
Fair Value
Number of
Units
Weighted-
Average
Grant-Date
Fair Value
Outstanding at December 30, 2022223 $18.00 792 $18.00 
Granted— — — — 
Vested58 18.00 — — 
Forfeited12 18.00 130 18.00 
Outstanding at June 30, 2023153 $18.00 662 $18.00 
Summary of Option Activity
The summary of the Company’s option activity is as follows:

Time-based OptionsMarket-based Options
Number of
Units
Weighted-
Average
Grant-Date
Fair Value
Aggregate Intrinsic Value (a)
Number of
Units
Weighted-
Average
Grant-Date
Fair Value
Aggregate Intrinsic Value (a)
Outstanding at December 30, 20224,233 $6.47 $— 1,125 $5.66 $— 
Granted— — — — — — 
Exercised— — — — — — 
Forfeited189 6.49 — 190 5.66 — 
Outstanding at June 30, 20234,044 $6.47 $— 935 $5.66 $— 
Options exercisable at June 30, 20233,222 $6.25 $— — $— $— 

(a) The intrinsic value represents the amount by which the fair value of the Company’s stock exceeds the option exercise price as of June 30, 2023 and December 30, 2022.
Summary of RSU Activity
The summary of the Company’s RSU activity is as follows:
Restricted Stock Units
Number of
Units
Weighted-Average
Grant-Date
Fair Value
Outstanding at December 30, 20221,360 $17.05 
Granted1,903 11.20
Vested459 16.90 
Forfeited128 14.21
Outstanding at June 30, 20232,676 $13.05 
Summary of PSU Activity
The summary of the Company’s PSU activity is as follows:

Performance Stock Units
Number of
Units
Weighted-Average
Grant-Date
Fair Value
Outstanding at December 30, 2022254 $17.96 
Granted322 11.31 
Vested132 15.65 
Forfeited31 14.11 
Outstanding at June 30, 2023413 $13.80 
Summary of Stock Compensation Expense Compensation expense for the three months and
six months ended June 30, 2023 and July 1, 2022, and unrecognized stock compensation expense and weighted average remaining expense period as of June 30, 2023 consisted of:

Compensation ExpenseAs of June 30, 2023
Three Months Ended
June 30, 2023
Three Months Ended July 1, 2022Six Months Ended
June 30, 2023
Six Months Ended July 1, 2022Unrecognized Compensation ExpenseWeighted-Average Remaining Contractual Term (Years)
2021 Plan
Restricted stock awards$519 $1,163 $1,152 $2,308 $2,867 0.74
Time-based options948 1,676 1,970 3,405 5,141 1.55
Market-based options(193)645 436 1,290 1,258 0.60
Restricted stock units3,090 1,970 6,633 3,406 31,499 3.26
Performance stock units870 1,134 2,520 1,699 3,157 0.79
Other equity-based compensation100 100 200 179 627 1.56
Total$5,334 $6,688 $12,911 $12,287 $44,549 1.85