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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2023
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 endedThree fiscal quarters ended
September 30, 2023October 1, 2022September 30, 2023October 1, 2022
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding
36,438,403 38,222,151 36,789,140 39,279,293 
Dilutive effect of equity awards3,881 23,222 3,781 34,835 
Diluted number of common and common equivalent shares outstanding36,442,284 38,245,373 36,792,921 39,314,128 
Earnings per share:
(dollars in thousands, except per share data)
Basic net income per common share:
Net income $66,127 $64,957 $125,990 $169,859 
Income allocated to participating securities
(1,267)(1,013)(2,254)(2,478)
Net income available to common shareholders$64,860 $63,944 $123,736 $167,381 
Basic net income per common share$1.78 $1.67 $3.36 $4.26 
Diluted net income per common share:
Net income $66,127 $64,957 $125,990 $169,859 
Income allocated to participating securities
(1,267)(1,012)(2,254)(2,477)
Net income available to common shareholders$64,860 $63,945 $123,736 $167,382 
Diluted net income per common share$1.78 $1.67 $3.36 $4.26 
Anti-dilutive awards excluded from diluted earnings per share computation(*)
460,947 525,349 483,921 465,529
(*)The volume of anti-dilutive awards is, in part, due to the related unamortized compensation costs.