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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:
Fiscal quarter ended
March 30, 2024April 1, 2023
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding35,860,740 37,104,527 
Dilutive effect of equity awards
3,843 8,063 
Diluted number of common and common equivalent shares outstanding35,864,583 37,112,590 
Earnings per share:
(dollars in thousands, except per share data)
Basic net income per common share:
Net income $38,033 $35,996 
Income allocated to participating securities
(691)(576)
Net income available to common shareholders$37,342 $35,420 
Basic net income per common share$1.04 $0.95 
Diluted net income per common share:
Net income $38,033 $35,996 
Income allocated to participating securities
(691)(576)
Net income available to common shareholders$37,342 $35,420 
Diluted net income per common share$1.04 $0.95 
Anti-dilutive awards excluded from diluted earnings per share computation(*)
448,870 505,070 
(*)The volume of anti-dilutive awards is, in part, due to the related unamortized compensation costs.