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STOCK-BASED COMPENSATION

6 Months Ended

Jul. 03, 2021

Share-based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

The Company recorded stock-based compensation expense as follows:

			Fiscal quarter ended												Two fiscal quarters ended
(dollars in thousands)			July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Stock options			$	300					$	585					$	774					$	1,468
Restricted stock:
Time-based awards			3,504						2,360						7,404						5,349
Performance-based awards			347						—						2,904						(1,927)
Stock awards			1,240						1,595						1,240						1,595
Total			$	5,391					$	4,540					$	12,322					$	6,485

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 2021, the achievement of

performance target estimates related to certain performance-based grants were revised resulting in a $2.6 million increase to stock-based compensation expense.

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- Definition

The entire disclosure for share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938

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- References

No definition available.

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