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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 29, 2018
Earnings Per Share [Abstract]  
Reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding
The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:
 
For the fiscal year ended
 
December 29, 2018
 
December 30, 2017
 
December 31, 2016
Weighted-average number of common and common equivalent shares outstanding:
 
 
 
 
 
Basic number of common shares outstanding
46,160,935

 
47,593,211

 
49,917,858

Dilutive effect of equity awards
487,485

 
552,864

 
457,849

Diluted number of common and common equivalent shares outstanding
46,648,420

 
48,146,075

 
50,375,707

Earnings per share:
 
 
 
 
 
(dollars in thousands, except per share data)
 
 
 
 
 
Basic net income per common share:
 
 
 
 
 
Net income
$
282,068

 
$
302,848

 
$
257,709

Income allocated to participating securities
(2,148
)
 
(2,407
)
 
(2,046
)
Net income available to common shareholders
$
279,920

 
$
300,441

 
$
255,663

Basic net income per common share
$
6.06

 
$
6.31

 
$
5.12

 
 
 
 
 
 
Diluted net income per common share:
 
 
 
 
 
Net income
$
282,068

 
$
302,848

 
$
257,709

Income allocated to participating securities
(2,132
)
 
(2,386
)
 
(2,032
)
Net income available to common shareholders
$
279,936

 
$
300,462

 
$
255,677

Diluted net income per common share
$
6.00

 
$
6.24

 
$
5.08

 
 
 
 
 
 
Anti-dilutive shares excluded from dilutive earnings per share calculations(1)
289,839

 
629,944

 
247,460


(1)
The volume of antidilutive shares is, in part, due to the related unamortized compensation costs.