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):

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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.