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Share-Based Compensation and Employee Benefit Plans (Tables)
12 Months Ended
Dec. 28, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Share-based Compensation Expense by Type of Award :

 

 

Year Ended

 

 

 

December 28,
2024

 

 

December 30,
2023

 

 

December 31,
2022

 

 

 

(in thousands)

 

Cost of revenue

 

$

4,771

 

 

$

4,405

 

 

$

4,271

 

Research and development

 

 

5,499

 

 

 

6,072

 

 

 

6,068

 

Sales and marketing

 

 

5,606

 

 

 

4,859

 

 

 

4,233

 

General and administrative

 

 

12,702

 

 

 

10,176

 

 

 

9,854

 

Total share-based compensation expense before income taxes

 

 

28,577

 

 

 

25,513

 

 

 

24,426

 

Income tax benefit

 

 

6,209

 

 

 

5,497

 

 

 

5,237

 

Total share-based compensation expense, net of income taxes

 

$

22,368

 

 

$

20,016

 

 

$

19,189

 

Summary of Service-Based RSUs and Market-Based PRSUs Activity

The following table summarizes the Company’s combined service-based RSUs and market-based PRSUs:

 

 

Number
of Shares
(in thousands)

 

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested at January 1, 2022

 

 

765

 

 

$

48.25

 

Granted

 

 

410

 

 

$

82.48

 

Vested

 

 

(373

)

 

$

42.87

 

Forfeited

 

 

(59

)

 

$

58.98

 

Nonvested at December 31, 2022

 

 

743

 

 

$

69.01

 

Granted

 

 

319

 

 

$

89.23

 

Vested

 

 

(415

)

 

$

59.20

 

Forfeited

 

 

(63

)

 

$

84.11

 

Nonvested at December 30, 2023

 

 

584

 

 

$

85.41

 

Granted

 

 

171

 

 

$

191.25

 

Vested

 

 

(329

)

 

$

81.10

 

Forfeited

 

 

(17

)

 

$

105.31

 

Nonvested at December 28, 2024

 

 

409

 

 

$

132.39