
			Number of Cash Awards (in thousands)
Non-vested at January 1, 2021			93,325
Granted			45,501
Vested			(45,870)
Forfeited			(16,234)
Non-vested at December 31, 2022			76,722
Granted			44,885
Vested			(46,690)
Forfeited			(7,319)
Non-vested at December 30, 2023			67,598
Granted			35,186
Vested			(22,909)
Forfeited			(7,229)
Non-vested at December 28, 2024			72,646


	Fiscal Year		Fiscal Year		Fiscal Year
	2024		2023		2022
Compensation expense - cash awards	$	24,626	$	31,040	$	35,418
Related income tax benefit	$	6,156	$	7,760	$	8,854

As of December 28, 2024, the unrecognized compensation costs related to the cash awards was $34,736. We expect this cost to be recognized over a remaining weighted-average period of approximately 1.3 years.

Activity related to the time vesting restricted stock units granted under the 2024 Plan was as follows:


	Number of Awards (in thousands)	Weighted-Average Grant Date Fair Value
Non-vested at December 30, 2023	—	$	—
Granted	2,608	22.01
Vested	(1,474)	22.00
Non-vested at December 28, 2024	1,134	$	22.01


	Fiscal Year
	2024
Compensation expense	$	34,067
Related income tax benefit	$	3,731

We account for forfeitures as they occur. During Fiscal Year 2024, there were no forfeitures of awards granted under the 2024 plan. As of December 28, 2024, the unrecognized compensation costs related to the time vesting restricted stock units was $23,319. We expect this cost to be recognized over a remaining weighted-average period of approximately 1.9 years.

Activity related to the performance vesting restricted stock units granted under the 2024 Plan was as follows:


	Number of Awards (in thousands)	Weighted-Average Grant Date Fair Value
Non-vested at December 30, 2023	—	$	—
Granted	2,468	17.42
Non-vested at December 28, 2024	2,468	$	17.42

We have not recognized any compensation costs related to the performance vesting restricted stock units as the performance condition depends on the occurrence of a qualifying event, which is not deemed probable until it occurs (see section “Stock-based Compensation” within Note 2, “Significant Accounting Policies”).

We account for forfeitures as they occur. During Fiscal Year 2024, there were no forfeitures of time vesting or performance vesting restricted stock units granted under the 2024 plan.

Activity related to the awards granted in the Participation Plan was as follows:


			Number of Units (in thousands)
Non-vested at January 1, 2021			216,875
Granted			11,039
Forfeited			(36,200)
Non-vested at December 31, 2022			191,714
Granted			4,306
Forfeited			(1,420)
Non-vested at December 30, 2023			194,600
Granted			14,580
Forfeited			(209,180)
Non-vested at December 28, 2024			—