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EARNINGS PER COMMON SHARE
 9 Months Ended
Oct. 01, 2023
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
Earnings per common share calculated for the third quarter and first nine months of 2023 and 2022 is as follows:
 
Third Quarter Ended
Nine Months Ended
($ in thousands, except per share data)October 1, 2023September 25, 2022October 1, 2023September 25, 2022
Numerator:
Earnings for basic earnings per common share calculation$39,550 $58,819 $112,080 $288,016 
Effect of interest on potentially dilutive convertible notes, net of tax— 478 162 1,417 
Earnings for diluted earnings per common share calculation$39,550 $59,297 $112,242 $289,433 
Denominator:
Weighted average common shares outstanding - basic21,51122,08721,54122,274
Weighted average impact of potentially dilutive convertible notes—2,0642212,053
Weighted average impact of potentially dilutive securities373262301246
Weighted average common shares outstanding - diluted21,88424,41322,06324,573
Earnings per common share:
Basic earnings per common share$1.84 $2.66 $5.20 $12.93 
Diluted earnings per common share$1.81 $2.43 $5.09 $11.78 
An immaterial amount of securities was not included in the computation of diluted earnings per common share as they are considered anti-dilutive under the treasury stock method for the periods presented.