v3.22.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 25, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

A summary of the stock option activity under the 2014 Equity Inventive Plan for the year ended December 25, 2021 is presented below (share amounts in thousands):

    

    

    

Weighted Avg.

    

Weighted Avg.

Exercise Price per Share

Remaining 

Number of Shares

(in whole dollars)

Contractual Term

Outstanding at December 26, 2020

 

12,749

$

7.66

 

8.0 years

Granted

 

2,348

 

  

 

Exercised

 

(435)

 

  

 

Forfeited or expired

 

(1,186)

 

  

 

Outstanding at December 25, 2021

 

13,476

$

8.15

 

7.14 years

Exercisable at December 25, 2021

 

4,954

$

7.76

 

6.63 years

Summary of Restricted Stock Activity

A summary of the restricted stock activity under the 2014 Equity Incentive Plan for the year ended December 25, 2021 is presented below (share amounts in thousands):

Weighted Avg.

Grant Date Fair Value 

    

Number of Shares

    

(in whole dollars)

Unvested at December 26, 2020

 

177

$

7.09

Awarded

 

 

Vested

 

(88)

 

Forfeited or expired

 

 

Unvested at December 25, 2021

 

89

$

7.09

Share-based Payment Arrangement, Restricted Stock Unit, Activity

A summary of the restricted stock unit activity under the 2014 Equity Incentive Plan for the year ended December 25, 2021 is presented below (share amounts in thousands):

    

    

Weighted Avg.

Grant Date Fair Value

Number of Shares

(in whole dollars)

Outstanding at December 26, 2020

$

Granted

 

323

$

10.00

Exercised

 

 

  

Forfeited or expired

 

 

  

Outstanding at December 25, 2021

 

323

$

10.00

A summary of the restricted stock unit activity under the 2021 Equity Incentive Plan for the year ended December 25, 2021 is presented below (share amounts in thousands):

Weighted Avg.

Grant Date Fair Value

    

Number of Shares

    

(in whole dollars)

Outstanding at December 26, 2020

$

Granted

 

73

 

 

11.75

Exercised

 

 

 

Forfeited or expired

 

 

 

Outstanding at December 25, 2021

 

73

 

$

11.75

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes the key assumptions used in the valuation model for valuing the Company’s stock compensation awards under the 2014 Equity Incentive Plan:

Dividend yield

    

0%

Risk free interest rate

0.40% - 1.81%

Expected volatility

 

31.50%

Expected terms

 

6.25 years