Stockholders' Equity (Tables)

12 Months Ended

Dec. 27, 2024

Stockholders' Equity Note [Abstract]

Schedule of Share-based Compensation, Fair Value of Stock-Based Compensation Granted

The following table represents the fair value of stock-based compensation granted during the year ended 2024 (in thousands):

	Fair Value
Stock options	$	13,522
RSUs		17,496
PSUs		14,665
Restricted stock		703
Total stock-based compensation expense	$	46,386

Schedule of Compensation Cost

The Company recorded stock-based compensation expense by award as follows (in thousands):

	Years Ended
	2024		2023		2022
Employee stock options	$	13,824	$	12,842	$	10,403
Restricted stock		512		548		686
RSUs		11,739		7,987		4,512
PSUs		568		1,270		3,525
Nonemployee stock options		567		869		1,245
Total stock-based compensation expense	$	27,210	$	23,516	$	20,371

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The Company recorded stock-based compensation expense in the following categories (in thousands):

	Years Ended
	2024		2023		2022
Cost of sales	$	1,192	$	716	$	501
General and administrative		14,122		12,125		9,402
Selling and marketing		4,583		4,083		4,795
Research and development		7,313		6,592		5,673
Total stock-based compensation expense, net		27,210		23,516		20,371
Amounts capitalized as part of inventory		1,408		1,672		1,881
Total stock-based compensation expense, gross	$	28,618	$	25,188	$	22,252

Schedule of Unrecognized Compensation Cost, Non-Vested Stock-Based Compensation Arrangements

As of December 27, 2024, total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted under the Equity Plan were as follows (in thousands):

	2024
Stock options	$	18,474
Restricted stock, RSUs and PSUs		20,512
Total unrecognized stock-based compensation cost	$	38,986

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The risk-free rate is based on the U.S. Treasury yield curve corresponding to the expected term at the time of the grant.

	Years Ended
	2024			2023			2022
Expected dividend yield		0	%		0	%		0	%
Expected volatility		59	%		60	%		54	%
Risk-free interest rate		4.17	%		3.98	%		2.09	%
Expected term (in years)		5.29			5.05			5.10

Schedule of Share-based Compensation, Stock Options, Activity

A summary of stock option activity under the Equity Plan for the year ended December 27, 2024 was as follows:

	Shares (in 000’s)			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (in 000’s)
Outstanding at December 29, 2023		2,630		$	46.38
Granted		640			37.81
Exercised		(315	)		23.52
Forfeited or expired		(147	)		70.43
Outstanding at December 27, 2024		2,808		$	45.72		6.59	$	3,961
Exercisable at December 27, 2024		1,826		$	47.03		5.38	$	3,961

Share-based Compensation, Performance Shares Award Unvested Activity

A summary of unvested stock options activity under the Equity Plan for the year ended December 27, 2024 was as follows:

	Shares (in 000’s)			Weighted-Average Grant-Date Fair Value
Unvested at December 29, 2023		926		$	30.09
Granted		640			21.12
Forfeited or expired		(147	)		34.39
Vested		(437	)		29.66
Unvested at December 27, 2024		982		$	23.62

Summary of Weighted Average Grant Date Fair Value of Stock Options Granted Under The Equity Plan and Total intrinsic Value of Stock options Exercised

The weighted average grant date fair value of stock options granted under the Equity Plan and the total intrinsic value of stock options exercised were as follows:

	Years Ended
	2024		2023		2022
Weighted-average grant-date fair value	$	21.12	$	28.36	$	35.68
Intrinsic value of options exercised (in thousands)	$	4,150	$	17,041	$	25,000

Schedule of Share-based Compensation, Restricted Stock, RSU and PSU Activity

A summary of restricted stock, RSU and PSU activity under the Equity Plan for the year ended December 27, 2024 was as follows:

	Restricted Stock					Restricted Stock Units					Performance Stock Units
	Units (in 000’s)			Weighted-Average Grant-Date Fair Value		Units (in 000’s)			Weighted-Average Grant-Date Fair Value		Units (in 000’s)			Weighted-Average Grant-Date Fair Value
Outstanding at December 29, 2023		14		$	47.61		401		$	55.75		56		$	74.80
Granted		17			39.84		464			37.72		390			37.64
Vested		(10	)		46.88		(149	)		58.56		(24	)		74.80
Forfeited		(5	)		52.67		(21	)		47.20		(16	)		52.76
Outstanding at December 27, 2024		16		$	40.11		695		$	43.33		406		$	39.99

Summary of Weighted Average Grant Date Fair Value of Restricted Stock, RSU and PSU Awards Granted Under Equity Plan and Total Fair Value of Awards Vested

The weighted average grant date fair value of restricted stock, RSU and PSU awards granted under the Equity Plan and the total fair value of awards vested were as follows:

	Years Ended
	2024		2023		2022
Weighted-average grant-date fair value	$	37.73	$	52.98	$	74.98
Fair value of awards vested (in thousands)	$	6,283	$	7,715	$	5,023