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STOCK-BASED COMPENSATION
 9 Months Ended
Sep. 26, 2020
Share-based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
The Company recorded stock-based compensation expense as follows:
 
Fiscal quarter ended
 
Three fiscal quarters ended
(dollars in thousands)
September 26, 2020
 
September 28, 2019
 
September 26, 2020
 
September 28, 2019
Stock options
$
597

 
$
904

 
$
2,065

 
$
3,146

Restricted stock:
 
 
 
 
 
 
 
   Time-based awards
2,449

 
2,288

 
7,798

 
7,034

   Performance-based awards
—

 
299

 
(1,927
)
 
1,957

   Stock awards
—

 
242

 
1,595

 
1,403

Total
$
3,046

 
$
3,733

 
$
9,531

 
$
13,540


The Company recognizes compensation cost ratably over the applicable performance periods based on the estimated probability of achievement of its performance targets at the end of each period. During the first quarter of fiscal 2020, the achievement of performance target estimates was revised resulting in a $2.8 million reversal of previously recognized stock-based compensation expense.