EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 30, 2023

The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:


	For the fiscal year ended
		December 30, 2023		December 31, 2022		January 1, 2022
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding		36,589,922		38,822,737		42,853,009
Dilutive effect of equity awards		3,344		27,908		149,619
Diluted number of common and common equivalent shares outstanding		36,593,266		38,850,645		43,002,628
Earnings per share:
(dollars in thousands, except per share data)
Basic net income per common share:
Net income		$	232,500	$	250,038	$	339,748
Income allocated to participating securities		(4,285)		(3,714)		(4,113)
Net income available to common shareholders		$	228,215	$	246,324	$	335,635
Basic net income per common share		$	6.24	$	6.34	$	7.83

Diluted net income per common share:
Net income		$	232,500	$	250,038	$	339,748
Income allocated to participating securities		(4,285)		(3,712)		(4,102)
Net income available to common shareholders		$	228,215	$	246,326	$	335,646
Diluted net income per common share		$	6.24	$	6.34	$	7.81

Anti-dilutive shares excluded from dilutive earnings per share calculations (*)		477,373		526,618		176,475

(*)The volume of antidilutive shares is, in part, due to the related unamortized compensation costs.