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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jul. 02, 2022
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:
Fiscal quarter endedTwo fiscal quarters ended
July 2, 2022July 3, 2021July 2, 2022July 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 awards29,153 169,631 48,274 151,468 
Diluted number of common and common equivalent shares outstanding39,373,987 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.