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Equity Agreements and Incentive Equity Plans (Tables)
3 Months Ended
Mar. 29, 2024
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 29, 2023103 $18.00 662 $18.00 
Granted— — — — 
Vested40 18.00 — — 
Forfeited18.00 662 18.00 
Outstanding at March 29, 202462 $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 29, 20233,755 $6.50 $— 935 $5.66 $— 
Granted— — — — — — 
Exercised— — — — — — 
Forfeited54 6.79 — 935 5.66 — 
Outstanding at March 29, 20243,701 $6.50 $— — $— $— 
Options exercisable at March 29, 20243,306 $6.39 $— — $— $— 

(a) The intrinsic value represents the amount by which the fair value of the Company’s stock exceeds the option exercise price as of March 29, 2024 and December 29, 2023.
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 29, 20232,491 $12.63 
Granted1,505 8.50
Vested468 12.28 
Forfeited62 13.19
Outstanding at March 29, 20243,466 $10.87 
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 29, 2023338 $14.35 
Granted568 8.50 
Vested280 13.13 
Forfeited11.59 
Outstanding at March 29, 2024623 $9.55 
Summary of Stock Compensation Expense Compensation expense for the three months ended March 29, 2024 and March 31, 2023, and unrecognized stock compensation expense and weighted average remaining expense period as of March 29, 2024 consisted of:
Compensation ExpenseAs of March 29, 2024
Three Months Ended
March 29, 2024
Three Months Ended March 31, 2023Unrecognized Compensation ExpenseWeighted-Average Remaining Contractual Term (Years)
2021 Plan
Restricted stock awards$447 $633 $1,298 0.88
Time-based options838 1,022 2,381 1.02
Market-based options212 629 — 0.00
Restricted stock units3,047 3,543 35,338 3.02
Performance stock units1,077 1,650 4,614 0.92
Other equity-based compensation100 100 326 0.81
Total$5,721 $7,577 $43,957 1.89