Pay vs Performance Disclosure - USD ($)
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12 Months Ended |
Dec. 29, 2024 |
Dec. 31, 2023 |
Dec. 25, 2022 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
In accordance with the rules adopted by the SEC pursuant to the Dodd-Frank Act, we have provided the following disclosures regarding “compensation actually paid” to our principal executive officer (“ ”) and NEOs other than the PEO and certain financial measures of the Company for the fiscal years listed below. The Compensation Committee did not specifically consider the pay versus performance information presented in this section in making its pay decisions for any of the years shown. For further information concerning the Company’s variable philosophy and how the Compensation Committee aligns executive compensation with the Company’s performance, refer to the section titled “Compensation Discussion and Analysis.”
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SUMMARY COMPENSATION TABLE TOTAL FOR PEO (B) |
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AVERAGE SUMMARY
COMPENSATION TABLE TOTAL FOR NON-PEO NAMED EXECUTIVE OFFICERS (D) |
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AVERAGE COMPENSATION ACTUALLY PAID TO NON-PEO NAMED EXECUTIVE |
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VALUE OF INITIAL FIXED $100
INVESTMENT BASED ON: |
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TOTAL SHAREHOLDER RETURN (F) |
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TOTAL SHAREHOLDER RETURN (G) |
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| 2024 |
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$ |
5,999,349 |
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$ |
20,174,397 |
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$ |
1,671,914 |
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$ |
4,386,504 |
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$ |
215.74 |
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$ |
94.47 |
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$ |
53.39 |
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$ |
606.3 |
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| 2023 |
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$ |
3,155,173 |
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$ |
2,564,064 |
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$ |
1,506,020 |
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$ |
1,513,756 |
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$ |
90.64 |
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$ |
98.46 |
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$ |
25.57 |
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$ |
471.9 |
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| 2022 |
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$ |
2,161,185 |
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$ |
1,164,975 |
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$ |
1,238,608 |
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$ |
1,191,558 |
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$ |
89.43 |
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$ |
107.76 |
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$ |
1.25 |
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$ |
362.1 |
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| (1) |
During all years presented, Mr. Diez-Canseco, our President and Chief Executive Officer, was our PEO. |
| (2) |
The dollar amounts shown represent compensation actually paid to Mr. Diez-Canseco, as determined in accordance with SEC rules. The dollar amounts do not necessarily reflect the actual amount of compensation earned or realized by him for the applicable year. The following table sets forth the adjustments included in the compensation actually paid calculation, per SEC rules, for Mr. Diez-Canseco: |
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Summary Compensation Table Total |
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$ |
2,161,185 |
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$ |
3,155,173 |
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$ |
5,999,349 |
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| — |
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Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
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($ |
800,003 |
) |
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($ |
1,400,004 |
) |
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($ |
3,999,980 |
) |
| + |
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Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
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$ |
1,169,121 |
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$ |
1,445,554 |
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$ |
10,675,031 |
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| + |
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Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
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($ |
651,470 |
) |
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$ |
4,997 |
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$ |
3,537,411 |
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| + |
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Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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| + |
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Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
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($ |
713,859 |
) |
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($ |
641,655 |
) |
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$ |
3,962,586 |
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| — |
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Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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Compensation Actually Paid |
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| (3) |
For our fiscal year 2024, our non-PEO NEOs were Mr. Wrede, Ms. Bal, Ms. Coon and Ms. McKeon. For our fiscal year 2023, our non-PEO NEOs were Mr. Wrede and Jason Dale (our former Chief Operating Officer). For our fiscal year 2022, our non-PEO NEOs were Bo Meissner (our former Chief Financial Officer) and Mr. Pappas. |
| (4) |
The dollar amounts shown represent average compensation actually paid to our non-PEO NEOs, as determined in accordance with SEC rules. The dollar amounts do not necessarily reflect the actual average amount of compensation earned or realized by them for the applicable year. The following table sets forth the adjustments included in the compensation actually paid calculation, per SEC rules, for our non-PEO NEOs: |
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Summary Compensation Table Total |
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$ |
1,238,608 |
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$ |
1,506,020 |
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$ |
1,671,914 |
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| — |
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Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
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($ |
612,498 |
) |
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($ |
675,002 |
) |
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($ |
857,484 |
) |
| + |
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Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
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$ |
740,161 |
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$ |
769,782 |
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$ |
2,288,427 |
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| + |
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Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
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($ |
63,214 |
) |
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$ |
1,636 |
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$ |
1,006,962 |
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| + |
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Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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| + |
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Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
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($ |
111,499 |
) |
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($ |
88,681 |
) |
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$ |
276,685 |
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| — |
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Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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Compensation Actually Paid |
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| (5) |
Represents the total shareholder return (“ ”) of a $100 investment in our stock on December 26, 2021 (the first day of our fiscal year 2022), valued again as of the last day of each applicable fiscal year, assuming reinvestment of gross dividends. |
| (6) |
The peer group used for this column is the Nasdaq US Smart Food & Beverage Index, which is the peer group presented in the Comparative Stock Performance Graph in Part II, Item 5 of our Annual Report. Represents the TSR of the Nasdaq US Smart Food & Beverage Index based on a $100 investment on December 26, 2021 (the first day of our fiscal year 2022), valued again as of the last day of each applicable fiscal year, assuming reinvestment of gross dividends. |
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| Company Selected Measure Name |
NET REVENUE
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| Peer Group Issuers, Footnote |
| (5) |
Represents the total shareholder return (“ ”) of a $100 investment in our stock on December 26, 2021 (the first day of our fiscal year 2022), valued again as of the last day of each applicable fiscal year, assuming reinvestment of gross dividends. |
| (6) |
The peer group used for this column is the Nasdaq US Smart Food & Beverage Index, which is the peer group presented in the Comparative Stock Performance Graph in Part II, Item 5 of our Annual Report. Represents the TSR of the Nasdaq US Smart Food & Beverage Index based on a $100 investment on December 26, 2021 (the first day of our fiscal year 2022), valued again as of the last day of each applicable fiscal year, assuming reinvestment of gross dividends. |
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| PEO Total Compensation Amount |
$ 5,999,349
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$ 3,155,173
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$ 2,161,185
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| PEO Actually Paid Compensation Amount |
$ 20,174,397
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2,564,064
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1,164,975
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| Adjustment To PEO Compensation, Footnote |
| (2) |
The dollar amounts shown represent compensation actually paid to Mr. Diez-Canseco, as determined in accordance with SEC rules. The dollar amounts do not necessarily reflect the actual amount of compensation earned or realized by him for the applicable year. The following table sets forth the adjustments included in the compensation actually paid calculation, per SEC rules, for Mr. Diez-Canseco: |
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Summary Compensation Table Total |
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$ |
2,161,185 |
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$ |
3,155,173 |
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$ |
5,999,349 |
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| — |
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Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
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($ |
800,003 |
) |
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($ |
1,400,004 |
) |
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($ |
3,999,980 |
) |
| + |
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Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
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$ |
1,169,121 |
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$ |
1,445,554 |
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$ |
10,675,031 |
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| + |
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Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
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($ |
651,470 |
) |
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$ |
4,997 |
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$ |
3,537,411 |
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| + |
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Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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| + |
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Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
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($ |
713,859 |
) |
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($ |
641,655 |
) |
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$ |
3,962,586 |
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| — |
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Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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Compensation Actually Paid |
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| Non-PEO NEO Average Total Compensation Amount |
$ 1,671,914
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1,506,020
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1,238,608
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| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 4,386,504
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1,513,756
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1,191,558
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| Adjustment to Non-PEO NEO Compensation Footnote |
| (4) |
The dollar amounts shown represent average compensation actually paid to our non-PEO NEOs, as determined in accordance with SEC rules. The dollar amounts do not necessarily reflect the actual average amount of compensation earned or realized by them for the applicable year. The following table sets forth the adjustments included in the compensation actually paid calculation, per SEC rules, for our non-PEO NEOs: |
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Summary Compensation Table Total |
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$ |
1,238,608 |
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$ |
1,506,020 |
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$ |
1,671,914 |
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| — |
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Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year |
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($ |
612,498 |
) |
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($ |
675,002 |
) |
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($ |
857,484 |
) |
| + |
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Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year |
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$ |
740,161 |
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$ |
769,782 |
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$ |
2,288,427 |
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| + |
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Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years |
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($ |
63,214 |
) |
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$ |
1,636 |
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$ |
1,006,962 |
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| + |
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Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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| + |
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Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |
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($ |
111,499 |
) |
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($ |
88,681 |
) |
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$ |
276,685 |
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| — |
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Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year |
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$ |
0 |
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$ |
0 |
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$ |
0 |
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Compensation Actually Paid |
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| Compensation Actually Paid vs. Total Shareholder Return |
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| Compensation Actually Paid vs. Net Income |
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| Compensation Actually Paid vs. Company Selected Measure |
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| Tabular List, Table |
Financial Performance Measures As described in more detail in “Compensation Discussion and Analysis,” our executive compensation program reflects a variable philosophy in that a significant portion of our NEOs’ compensation is based on the achievement of certain financial performance measures. The metrics that the Company uses for our annual incentive and long-term equity awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our stockholders. The following sets forth the financial performance measures the Company considers most important in linking PEO and NEO Compensation Actually Paid during our fiscal year 2024 to Company performance. The measures in this list are not ranked:
All information provided above under the “Pay Versus Performance” heading will not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing, except to the extent the Company specifically incorporates such information by reference
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| Total Shareholder Return Amount |
$ 215.74
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90.64
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89.43
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| Peer Group Total Shareholder Return Amount |
94.47
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98.46
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107.76
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| Net Income (Loss) |
$ 53,390,000
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$ 25,570,000
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$ 1,250,000
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| Company Selected Measure Amount |
606.3
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471.9
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362.1
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| PEO Name |
Mr. Diez-Canseco
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| Measure:: 1 |
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| Pay vs Performance Disclosure |
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| Name |
Net Revenue
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| Measure:: 2 |
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| Pay vs Performance Disclosure |
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| Name |
Adjusted EBITDA
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| Measure:: 3 |
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| Pay vs Performance Disclosure |
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| Name |
Adjusted EBITDA Margin
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| PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (3,999,980)
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$ (1,400,004)
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$ (800,003)
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| PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
10,675,031
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1,445,554
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1,169,121
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| PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
3,537,411
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4,997
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(651,470)
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| PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
0
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0
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0
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| PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
3,962,586
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(641,655)
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(713,859)
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| PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
0
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0
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0
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| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(857,484)
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(675,002)
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(612,498)
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| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
2,288,427
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769,782
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740,161
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| Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
1,006,962
|
1,636
|
(63,214)
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| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
0
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0
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0
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| Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
276,685
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(88,681)
|
(111,499)
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| Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ 0
|
$ 0
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$ 0
|