Share-Based Compensation (Tables)

3 Months Ended

Apr. 03, 2022

Share-based Payment Arrangement [Abstract]

Summary of Share-Based Compensation Awards Granted

During the thirteen weeks ended April 3, 2022, the Company granted the following share-based compensation awards under the 2013 Incentive Plan:

Grant Date	RSUs		PSAs		Options
March 15, 2022		370,177		147,846		211,352
March 21, 2022		104,913		14,260		20,270
Total		475,090		162,106		231,622
Weighted-average grant date fair value	$	31.60	$	31.52	$	10.58
Weighted-average exercise price		—		—	$	31.52

Summary of Share-Based Compensation Expense in Selling, General and Administrative Expenses

The Company presents share-based compensation expense in selling, general and administrative expenses on the Company’s consolidated statements of income. The amount recognized was as follows:

	Thirteen weeks ended
	April 3, 2022		April 4, 2021
Share-based compensation expense	$	4,456	$	3,613

Summary of Outstanding Share-Based Awards

The following share-based awards were outstanding as of April 3, 2022 and April 4, 2021:

	As of
	April 3, 2022		April 4, 2021
	(in thousands)
Options
Vested		376		314
Unvested		1,088		1,304
RSUs		1,083		944
PSAs		491		478

Summary of Total Unrecognized Compensation Expense and Remaining Weighted Average Recognition Period Related to Outstanding Share-Based Awards

As of April 3, 2022, total unrecognized compensation expense and remaining weighted average recognition period related to outstanding share-based awards was as follows:

	Unrecognized compensation expense		Remaining weighted average recognition period
Options	$	5,566		1.6
RSUs		24,828		2.0
PSAs		9,018		1.9
Total unrecognized compensation expense at April 3, 2022	$	39,412