EARNINGS PER SHARE (Tables)

6 Months Ended

Jul. 03, 2021

The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:


	Fiscal quarter ended				Two fiscal quarters ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	43,445,780		43,162,571		43,408,262		43,259,103
Dilutive effect of equity awards(1)	169,631		147,480		151,468		—
Diluted number of common and common equivalent shares outstanding	43,615,411		43,310,051		43,559,730		43,259,103

Earnings per share:
(dollars in thousands, except per share data)
Basic net income (loss) per common share:
Net income (loss)	$	71,603	$	8,156	$	157,799	$	(70,538)
Income allocated to participating securities	(860)		(86)		(1,896)		(252)
Net income (loss) available to common shareholders	$	70,743	$	8,070	$	155,903	$	(70,790)

Basic net income (loss) per common share	$	1.63	$	0.19	$	3.59	$	(1.64)

Diluted net income (loss) per common share:
Net income (loss)	$	71,603	$	8,156	$	157,799	$	(70,538)
Income allocated to participating securities	(857)		(86)		(1,890)		(252)
Net income (loss) available to common shareholders	$	70,746	$	8,070	$	155,909	$	(70,790)

Diluted net income (loss) per common share	$	1.62	$	0.19	$	3.58	$	(1.64)

Anti-dilutive awards excluded from diluted earnings per share computation(2)	171,653		957,041		288,122		559,470