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Stock-based Compensation (Tables)
6 Months Ended
Jun. 29, 2024
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement, Option, Activity
The following table summarizes activity related to time-based options:
(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 
Granted520 19.18
Exercised(1,287)2.30
Outstanding at June 29, 20246,763 7.716.9138,459 
Exercisable at June 29, 20243,513 4.025.9729,759 
Share-Based Payment Arrangement, Performance Shares, Activity
The following table summarizes activity related to performance-based options:
(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(107)1.63 
Forfeited or expired(278)1.61 
Outstanding at June 29, 20247,563 2.09 5.5576,803 
Exercisable at June 29, 20241,880 2.09 5.5519,082 
Share-Based Payment Arrangement, Restricted Stock Unit, Activity
The following table summarizes activity related to RSUs:
(in thousands, except per share amounts)Number of unitsWeighted average grant-date fair value
per share
Unvested at December 30, 2023547 $22.81 
Granted552 18.80 
Vested(186)22.67 
Forfeited(10)22.79 
Unvested at June 29, 2024903 20.39