Stock-Based Compensation

6 Months Ended

Jul. 04, 2023

Share-Based Payment Arrangement [Abstract]

In May of 2023, the Company’s Board of Directors adopted the 2023 Stock Incentive Plan, which was approved at the annual meeting of stockholders on May 16, 2023 (the “2023 Plan”). The 2023 Plan authorizes the grant of non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), performance share units and incentive bonuses to employees, officers, non-employee directors and other service providers, as applicable. The Company’s 2013 Stock Incentive Plan, as amended and restated in May of 2013 was terminated. As of July 4, 2023, approximately 2.9 million share-based awards were available to be granted under the 2023 Plan.

The following table shows total stock-based compensation expense (in thousands):


	Fiscal Quarter Ended				Two Fiscal Quarters Ended
	July 4, 2023		June 28, 2022		July 4, 2023		June 28, 2022
Stock-based compensation expense	$	1,496	$	1,499	$	2,886	$	2,668
Capitalized stock-based compensation expense	$	20	$	18	$	42	$	38