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Stock-based Compensation (Tables)
3 Months Ended
Mar. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement, Option, Activity
The following table summarizes the activity related to time-based options as of March 30, 2024:
(in thousands, except per share and remaining term amounts)Number of optionsWeighted average exercise price
per share
Weighted average remaining contractual term (in years)Aggregate intrinsic value
Outstanding at December 30, 20237,530 $5.99 6.93$85,774 
Granted475 19.70
Exercised(1,183)2.37
Outstanding at March 30, 20246,822 7.577.1280,079 
Exercisable at March 30, 20243,463 3.576.1154,413 
Share-Based Payment Arrangement, Performance Shares, Activity
The following table summarizes the activity related to performance-based options as of March 30, 2024:
(in thousands, except per share and remaining term amounts)Number of OptionsWeighted average exercise price
per share
Weighted average remaining contractual term (in years)Aggregate intrinsic value
Outstanding at December 30, 20237,948 $2.05 5.78$121,750 
Exercised(93)1.61 
Forfeited or expired(277)1.61 
Outstanding at March 30, 20247,578 2.08 5.80130,314 
Exercisable at March 30, 20241,895 2.08 5.8032,579 
Share-Based Payment Arrangement, Restricted Stock Unit, Activity
The following table summarizes the activity related to RSUs as of March 30, 2024:
(in thousands, except per share amounts)Number of unitsWeighted average grant-date fair value
per share
Unvested at December 30, 2023547 $22.81 
Granted469 19.70 
Forfeited(5)22.59 
Unvested at March 30, 20241,011 21.37