v3.24.1.u1
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Share-Based Compensation Awards Granted
During the thirteen weeks ended March 31, 2024, the Company granted the following share-based compensation awards under the 2022 Incentive Plan:
Grant DateRSUsPSAsOptions
March 19, 2024272,855103,584135,783
Total272,855103,584135,783
Weighted-average grant date fair value$61.15 $61.15 $23.50 
Weighted-average exercise price$— $— $61.15 
Summary of Share-Based Compensation Expense in Selling, General and Administrative Expenses
The Company presents share-based compensation expense in selling, general and administrative expenses on the Company’s consolidated statements of income. The amount recognized was as follows:
Thirteen weeks ended
March 31, 2024April 2, 2023
Share-based compensation expense$6,477 $3,852 
Summary of Outstanding Share-Based Awards
The following share-based awards were outstanding under the 2022 and 2013 Incentive Plans as of March 31, 2024 and April 2, 2023:
As of
March 31, 2024April 2, 2023
(in thousands)
Options
Vested567740
Unvested338481
RSUs6691,156
PSAs395471
Summary of Total Unrecognized Compensation Expense and Remaining Weighted Average Recognition Period Related to Outstanding Share-Based Awards
As of March 31, 2024, total unrecognized compensation expense and remaining weighted average recognition period related to outstanding share-based awards were as follows:
Unrecognized
compensation
expense		Remaining
weighted
average
recognition
period
Options$5,458 2.2
RSUs28,551 2.0
PSAs13,600 1.9
Total unrecognized compensation expense at March 31, 2024$47,609