Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity and Share-Based Compensation

v3.22.2
Stockholders' Equity and Share-Based Compensation
6 Months Ended
Jul. 02, 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 twenty-six weeks ended July 2, 2022:

Granted options to purchase 0 common shares.
Exercise of 602 options to purchase common shares.
Forfeiture of 88 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 twenty-six weeks ended July 2, 2022, and details regarding the awards outstanding and exercisable as of July 2, 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

2,161

 

$

Vested

(736)

 

$

Forfeited

(1,208)

 

$

Awards outstanding, July 2, 2022

3,240

 

$

$

11.53

 

$

23,522

Vested and expected to vest as of July 2, 2022

3,240

 

$

$

11.53

 

$

23,522

During the twenty-six weeks ended July 2, 2022, 242 RSUs that vested were time-based and 494 were performance-based.

For the thirteen and twenty-six weeks ended July 2, 2022, we recorded compensation costs related to stock options and RSUs of $771 and $5,077, 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 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. As of July 2, 2022, there was unrecognized compensation expense related to stock options and RSUs of $28,807 that will be expensed through June 2026.