Stock Based Compensation

3 Months Ended

Mar. 29, 2024

Share-Based Payment Arrangement [Abstract]

Stock Based Compensation

7. Stock Based Compensation

During the three months ended March 29, 2024, the Company issued 418,131 restricted stock units, respectively, at a weighted average grant-date fair value of $23.38 per share. As of March 29, 2024, the Company had 1,059,205 restricted stock units outstanding at a weighted average grant-date fair value of $21.57 per share. As of March 29, 2024, $18.5 million of total restricted stock unit non-cash compensation expense related to unvested awards had not been recognized and is expected to be recognized over a weighted average period of approximately 2.4 years.

Forfeitures for all of the Company’s outstanding equity awards are recognized as incurred.