Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity and Share-Based Compensation

v3.22.2.2
Stockholders' Equity and Share-Based Compensation
9 Months Ended
Oct. 01, 2022
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 thirty-nine weeks ended October 1, 2022:

Granted options to purchase 0 common shares.
Exercise of 665 options to purchase common shares.
Forfeiture of 538 options to purchase common shares.
Expiration of 15 options to purchase common shares.

The following table summarizes the Company’s restricted stock unit ("RSU") activity for the thirty-nine weeks ended October 1, 2022, and details regarding the awards outstanding and exercisable as of October 1, 2022 (in thousands):

Weighted

Weighted Average

Average

Grant Date

Aggregate

    

Shares

    

Exercise Price

    

Fair Value

    

Intrinsic Value

Vested and expected to vest as of January 1, 2022

3,023

 

$

Awarded

2,209

 

$

Vested

(808)

 

$

Forfeited

(1,255)

 

$

Awards outstanding, October 1, 2022

3,169

 

$

$

10.66

 

$

16,382

Vested and expected to vest as of October 1, 2022

3,169

 

$

$

10.66

 

$

16,382

During the thirty-nine weeks ended October 1, 2022, 273 RSUs that vested were time-based and 535 were performance-based.

For the thirteen and thirty-nine weeks ended October 1, 2022, we recorded compensation costs related to stock options and RSUs of $3,760 and $8,837, respectively, of which $0 and $81 related to common shares issued to consultants as part of their compensation for services provided during those respective periods. For the thirteen and thirty-nine weeks ended October 2, 2021, we recorded compensation costs related to stock options and RSUs of $4,597 and $12,887, respectively, of which $233 and $622, respectively, related to common shares issued to consultants as part of their compensation for services provided during the periods. As of October 1, 2022, there was unrecognized compensation expense related to stock options and RSUs of $24,422 that will be expensed through September 2026.