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STOCK-BASED COMPENSATION
 6 Months Ended
Jun. 29, 2024
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)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Restricted stock:
   Time-based awards$3,670 $4,183 $8,431 $8,545 
   Performance-based awards(1,379)908 (1,048)889 
   Market-based awards229 — 307 — 
   Stock awards1,600 1,550 1,600 1,550 
Total$4,120 $6,641 $9,290 $10,984 
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 second quarter of fiscal 2024, the achievement of performance target estimates related to certain performance-based grants were revised resulting in a reversal of $1.9 million of previously recognized stock-based compensation expense.