Share-based Awards (Tables)

3 Months Ended

Mar. 28, 2020

Share-based Payment Arrangement [Abstract]

The following table summarizes our stock option activity under all equity incentive plans during the 13 weeks ended March 28, 2020:


	Time-Based Stock Options				Performance-Based Stock Options
	Number of Options	Weighted-Average Exercise Price		Number of Options	Weighted-Average Exercise Price
Options outstanding as of December 28, 2019 ⁽¹⁾	6,243,667	$	10.57	5,777,121	$	4.57
Granted	—	—		—	—
Exercised	(510,084)	7.43		(357,352)	6.51
Forfeitures	(37,248)	20.57		(10,422)	19.68
Options outstanding as of March 28, 2020	5,696,335	$	10.79	5,409,347	$	4.41
Options vested and expected to vest as of March 28, 2020 ⁽¹⁾	5,696,335	$	10.79	5,409,347	$	4.41
Options exercisable as of March 28, 2020	3,973,687	$	7.24	3,728,805	$	4.38

_______________________

(1)No performance-based stock options were vested as of December 28, 2019. On February 3, 2020, in conjunction with a secondary offering, certain performance criteria were achieved resulting in the vesting of 4.1 million performance-based stock options. On April 27, 2020, in conjunction with an additional secondary offering, certain performance criteria were achieved resulting in the vesting of the remaining 1.7 million outstanding and unvested performance-based stock options. See Note 10 for additional information.

Schedule of RSU activity

The following table summarizes our RSU activity under all equity incentive plans during the 13 weeks ended March 28, 2020:


	Number of Shares	Weighted-Average Grant Date Fair Value
Unvested balance as of December 28, 2019	190,872	$	22.89
Granted	—	—
Vested	(37,600)	9.69
Forfeitures	(2,455)	29.99
Unvested balance as of March 28, 2020	150,817	$	26.07