Quarterly report pursuant to Section 13 or 15(d)

Equity Compensation (Tables)

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Equity Compensation (Tables)
 6 Months Ended
Jun. 29, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit Activity
RSUs are subject to a vesting period between one and four years. RSU activity for the six month period ended June 29, 2024 is as follows:
(dollar amounts in millions, except share and per share data)
RSUs
Weighted-Average Grant Date Fair Value
Unvested, outstanding at December 30, 2023
 944,810  $ 10.6 
Granted 1,373,124  14.4 
Vested (297,083) 10.2 
Forfeited (36,198) 12.0 
Unvested, outstanding at June 29, 2024
 1,984,653  $ 13.3 
PSUs activity for the six month period ended June 29, 2024 is as follows:
(dollar amounts in millions, except share and per share data)
PSUs Weighted-Average Grant Date Fair Value
Unvested, outstanding at December 30, 2023
 482,014  $ 10.0 
Granted 232,702  14.8 
Vested —  — 
Forfeited (41,008) 10.4 
Unvested, outstanding at June 29, 2024 (1)
673,708  $ 11.6 
(1) This number excludes 242,353 performance stock units, which represents the incremental number of units that would be issued based on performance results from previously-granted PSU awards.
Schedule of Stock Option Activity
Stock option activity for the six month period ended June 29, 2024 is as follows:
(dollar amounts in millions, except share and per share data) Stock Options Weighted-Average Grant Date Fair Value Weighted-Average Exercise Price, per share Weighted Average Remaining Contractual Life (in years)
Aggregate Intrinsic Value
Vested not exercised at December 30, 2023
 175,175  $ 4.5  $ 9.4  8.3 $ 0.6 
Unvested, outstanding at December 30, 2023
 544,350  $ 4.5  $ 9.4  8.4 $ 2.0 
Granted —  —  —  —  — 
Exercised (2,069) —  9.5  —  — 
Vested (113,252) 4.5  —  7.8 0.4 
Forfeited (29,835) 5.1  10.2  8.4 0.1 
Unvested, outstanding at June 29, 2024
 399,194  $ 4.4  $ 9.3  7.9 $ 1.4 
Vested not exercised at June 29, 2024
 286,358  $ 4.5  $ 9.4  7.9 $ 0.9