EARNINGS PER SHARE (Tables)

6 Months Ended

Jul. 01, 2023

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 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	36,824,490		39,344,834		36,964,509		39,807,354
Dilutive effect of equity awards	127		29,153		3,850		48,274
Diluted number of common and common equivalent shares outstanding	36,824,617		39,373,987		36,968,359		39,855,628

Earnings per share:
(dollars in thousands, except per share data)
Basic net income per common share:
Net income	$	23,867	$	36,970	$	59,863	$	104,903
Income allocated to participating securities	(426)		(536)		(1,018)		(1,480)
Net income available to common shareholders	$	23,441	$	36,434	$	58,845	$	103,423

Basic net income per common share	$	0.64	$	0.93	$	1.59	$	2.60

Diluted net income per common share:
Net income	$	23,867	$	36,970	$	59,863	$	104,903
Income allocated to participating securities	(426)		(536)		(1,018)		(1,479)
Net income available to common shareholders	$	23,441	$	36,434	$	58,845	$	103,424

Diluted net income per common share	$	0.64	$	0.93	$	1.59	$	2.59

Anti-dilutive awards excluded from diluted earnings per share computation(*)	565,956		532,432		497,076		288,800

(*)The volume of anti-dilutive awards is, in part, due to the related unamortized compensation costs.