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EARNINGS PER SHARE | 6 Months Ended
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Jul. 02, 2022
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE 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 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Weighted-average number of common and common equivalent shares outstanding: |  |  |  |  |  |  |
Basic number of common shares outstanding | 39,344,834 |  |  | 43,445,780 |  |  | 39,807,354 |  |  | 43,408,262 |
Dilutive effect of equity awards | 29,153 |  |  | 169,631 |  |  | 48,274 |  |  | 151,468 |
Diluted number of common and common equivalent shares outstanding | 39,373,987 |  |  | 43,615,411 |  |  | 39,855,628 |  |  | 43,559,730 |
Earnings per share: |  |  |  |  |  |  |
(dollars in thousands, except per share data) |  |  |  |  |  |  |
Basic net income per common share: |  |  |  |  |  |  |
Net income | $ | 36,970 |  |  | $ | 71,603 |  |  | $ | 104,903 |  |  | $ | 157,799 |
Income allocated to participating securities | (536) |  |  | (860) |  |  | (1,480) |  |  | (1,896) |
Net income available to common shareholders | $ | 36,434 |  |  | $ | 70,743 |  |  | $ | 103,423 |  |  | $ | 155,903 |
Basic net income per common share | $ | 0.93 |  |  | $ | 1.63 |  |  | $ | 2.60 |  |  | $ | 3.59 |
Diluted net income per common share: |  |  |  |  |  |  |
Net income | $ | 36,970 |  |  | $ | 71,603 |  |  | $ | 104,903 |  |  | $ | 157,799 |
Income allocated to participating securities | (536) |  |  | (857) |  |  | (1,479) |  |  | (1,890) |
Net income available to common shareholders | $ | 36,434 |  |  | $ | 70,746 |  |  | $ | 103,424 |  |  | $ | 155,909 |
Diluted net income per common share | $ | 0.93 |  |  | $ | 1.62 |  |  | $ | 2.59 |  |  | $ | 3.58 |
Anti-dilutive awards excluded from diluted earnings per share computation(*) | 532,432 |  |  | 171,653 |  |  | 288,800 |  |  | 288,122
(*)The volume of anti-dilutive awards is, in part, due to the related unamortized compensation costs.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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