Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.22.4
Stockholders' Equity (Tables)
12 Months Ended
Dec. 29, 2022
Equity [Abstract]  
Schedule of Components of Stock-Based Compensation Expense
The table below presents components of stock-based compensation expense within the Company’s Consolidated Statements of Operations and Comprehensive Income:
Fiscal Year Ended
in thousands December 29,
2022
December 30,
2021
December 31,
2020
General and administrative $ 21,665  $ 20,528  $ 16,115 
Selling and store operating 568  —  — 
Total stock-based compensation expense $ 22,233  $ 20,528  $ 16,115 
Schedule of Assumptions Used to Estimate the Fair Value of Stock Option Awards Granted During fiscal years 2021 and 2020, stock option award grant date fair values were estimated using the Black-Scholes-Merton option pricing model with the following weighted-average assumptions:
Fiscal Year Ended
December 30,
2021
December 31,
2020
Weighted average fair value per stock option $ 41.75 $ 22.27
Risk-free interest rate 0.80% 1.17%
Expected volatility 48% 39%
Expected life (in years) 5.40 5.75
Dividend yield —% —%
Schedule of Stock Option Activity
The table below summarizes stock option activity for the fiscal year ended December 29, 2022:
Options Weighted
Average
Exercise
Price
Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2021 2,503,654  $ 26.81 
Exercised (352,455) 21.54 
Forfeited or expired (49,640) 52.00 
Outstanding at December 29, 2022 2,101,559  $ 27.10  4.8 $ 93,730 
Vested and exercisable at December 29, 2022 1,885,661  $ 23.08  4.5 $ 90,713 
Schedule of Restricted Stock Unit Activity
The following table summarizes restricted stock unit activity during the fiscal year ended December 29, 2022:
Restricted Stock Units
Service-based Performance-based
Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value
Unvested at December 31, 2021 214,778  $ 82.80  —  $ — 
Granted 283,585  91.88  36,566  95.62 
Vested (59,096) 79.87  —  — 
Forfeited (30,438) 91.55  (449) 95.62 
Unvested at December 29, 2022 408,829  $ 88.85  36,117  $ 95.62 
Schedule of Restricted Stock Award Activity
The following table summarizes restricted stock award activity during the fiscal year ended December 29, 2022 (no restricted stock awards were granted during fiscal 2022):
Restricted Stock Awards
Service-based Performance-based Total shareholder return
Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value
Unvested at December 31, 2021 144,725  $ 62.92  160,315  $ 57.70  104,456  $ 44.28 
Vested (25,204) 78.50  —  —  —  — 
Forfeited (16,195) 62.53  (25,997) 57.70  (16,939) 44.28 
Unvested at December 29, 2022 103,326  $ 59.18  134,318  $ 57.70  87,517  $ 44.28