Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity and Share-Based Compensation

v3.21.2
Stockholders' Equity and Share-Based Compensation
6 Months Ended
Jul. 03, 2021
Stockholders' Equity and Share-Based Compensation  
Stockholders' Equity and Share-Based Compensation

Note 3 – Stockholders’ Equity and Share-Based Compensation

Options and Restricted Stock Units

The Company had the following common stock option activity during the twenty-six weeks ended July 3, 2021:

Granted options to purchase 0 common shares.
Exercise of 1,593 options to purchase common shares.
Forfeiture of 39 options to purchase common shares.
Expiration of 3 options to purchase common shares.

The following table summarizes the Company’s restricted stock unit ("RSU") activity for the twenty-six weeks ended July 3, 2021, and details regarding the awards outstanding and exercisable as of July 3, 2021 (in thousands):

Weighted Average

Weighted

Remaining

Average

Contractual

Aggregate

    

Shares

    

Exercise Price

    

Term (in years)

    

Intrinsic Value

Vested and expected to vest as of January 2, 2021

3,143

 

$

Awarded

2,517

 

$

Vested

(2,479)

 

$

Forfeited

(14)

 

$

Awards outstanding, July 3, 2021

3,167

 

$

10.34

 

$

60,454

Vested and expected to vest as of July 3, 2021

3,167

 

$

10.34

 

$

60,454

During the twenty-six weeks ended July 3, 2021, 30 RSUs that vested were time-based and 2,449 were performance-based.

For the thirteen and twenty-six weeks ended July 3, 2021, we recorded compensation costs related to stock options and RSUs of $4,210 and $8,290, respectively, of which $389 related to common shares issued to consultants as part of their compensation for services provided during the period. For the thirteen and twenty-six weeks ended June 27, 2020,

we recorded compensation costs related to stock options and RSUs of $1,874 and $4,693, respectively. As of July 3, 2021, there was unrecognized compensation expense related to stock options and RSUs of $29,920 that will be expensed through June 2025.