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STOCK-BASED COMPENSATION
 6 Months Ended
Jul. 01, 2023
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
The Company recorded stock-based compensation expense as follows:
Fiscal quarter endedTwo fiscal quarters ended
(dollars in thousands)July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Stock options$— $12 $— $178 
Restricted stock:
   Time-based awards4,183 4,296 8,545 9,455 
   Performance-based awards908 345 889 879 
   Stock awards1,550 1,706 1,550 1,706 
Total$6,641 $6,359 $10,984 $12,218 
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 2023, the achievement of performance target estimates related to certain performance-based grants were revised resulting in a reversal of $0.4 million of previously recognized stock compensation expense.