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Stock-based Compensation (Tables)
3 Months Ended
Mar. 28, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
The table below presents components of stock-based compensation expense within the Company’s Condensed Consolidated Statements of Operations and Comprehensive Income:
Thirteen Weeks Ended
in thousandsMarch 28, 2024March 30, 2023
General and administrative$6,273 $6,367 
Selling and store operating959 374 
Total stock-based compensation expense$7,232 $6,741 
Stock Option Activity
The table below summarizes stock option activity for the thirteen weeks ended March 28, 2024.
OptionsWeighted Average Exercise Price
Outstanding at December 29, 2023
1,607,341 $28.51 
Exercised(170,713)$22.58 
Forfeited or expired(1,132)$92.56 
Outstanding at March 28, 2024
1,435,496 $29.16 
Vested and exercisable at March 28, 2024
1,419,169 $28.43 
Restricted Stock Unit Activity
The following table summarizes restricted stock unit activity during the thirteen weeks ended March 28, 2024:
Restricted Stock Units
Service-basedPerformance-basedTotal shareholder returnTotal Restricted Stock Units
Unvested at December 29, 2023608,140 188,543 58,854 855,537 
Granted236,678 50,855 — 287,533 
Vested(183,689)— — (183,689)
Forfeited(17,655)(13,001)(4,204)(34,860)
Unvested at March 28, 2024643,474 226,397 54,650 924,521 
Restricted Stock Award Activity
The following table summarizes restricted stock award activity during the thirteen weeks ended March 28, 2024:
Restricted Stock Awards
Service-basedPerformance-based (1)Total shareholder return (1)Total Restricted Stock Awards
Unvested at December 29, 202334,783 47,662 31,056 113,501 
Vested(30,680)(47,662)(31,056)(109,398)
Forfeited(395)— — (395)
Unvested at March 28, 20243,708 — — 3,708 
(1) The performance-based and total shareholder return restricted stock awards that vested during the period were issued at 100% of target based on achievement of the predetermined performance and total shareholder return criteria as specified in the underlying grant agreements.