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Share-Based Compensation and Employee Benefit Plans (Tables)
12 Months Ended
Jan. 01, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Share-based Compensation Expense by Type of Award

The following table reflects share-based compensation expense by type of award:

 

 

 

Year Ended

 

 

 

January 1,

2022

 

 

December 26,

2020

 

 

December 31,

2019

 

Share-based compensation expense:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units, including all performance and market

    based awards

 

$

17,174

 

 

$

15,780

 

 

$

10,421

 

Stock options and employee stock purchase options

 

 

2,368

 

 

 

1,882

 

 

 

164

 

Total share-based compensation

 

 

19,542

 

 

 

17,662

 

 

 

10,585

 

Tax effect on share-based compensation

 

 

4,255

 

 

 

3,849

 

 

 

2,283

 

Net effect on net income

 

$

15,287

 

 

$

13,813

 

 

$

8,302

 

Effect on earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.31

)

 

$

(0.28

)

 

$

(0.28

)

Diluted

 

$

(0.31

)

 

$

(0.28

)

 

$

(0.28

)

Summary of Service-Based RSUs and Market-Based PRSUs Activity

The following table summarizes the Company’s combined service-based RSUs and market-based PRSUs:

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Nonvested at December 31, 2018

 

 

639

 

 

$

24.26

 

Granted

 

 

271

 

 

$

29.58

 

Assumed in Merger

 

 

598

 

 

$

31.43

 

Vested

 

 

(366

)

 

$

25.69

 

Forfeited

 

 

(35

)

 

$

26.44

 

Nonvested at December 31, 2019

 

 

1,107

 

 

$

28.89

 

Granted

 

 

498

 

 

$

34.71

 

Vested

 

 

(498

)

 

$

29.46

 

Forfeited

 

 

(143

)

 

$

29.99

 

Nonvested at December 26, 2020

 

 

964

 

 

$

31.37

 

Granted

 

 

338

 

 

$

69.82

 

Vested

 

 

(441

)

 

$

30.90

 

Forfeited

 

 

(96

)

 

$

42.40

 

Nonvested at January 1, 2022

 

 

765

 

 

$

48.25