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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding
The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:
Fiscal quarter endedTwo fiscal quarters ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding
35,688,755 36,824,490 35,774,748 36,964,509 
Dilutive effect of equity awards135 127 1,692 3,850 
Diluted number of common and common equivalent shares outstanding35,688,890 36,824,617 35,776,440 36,968,359 
Earnings per share:
(dollars in thousands, except per share data)
Basic net income per common share:
Net income $27,639 $23,867 $65,672 $59,863 
Income allocated to participating securities
(523)(426)(1,218)(1,018)
Net income available to common shareholders$27,116 $23,441 $64,454 $58,845 
Basic net income per common share$0.76 $0.64 $1.80 $1.59 
Diluted net income per common share:
Net income $27,639 $23,867 $65,672 $59,863 
Income allocated to participating securities
(523)(426)(1,218)(1,018)
Net income available to common shareholders$27,116 $23,441 $64,454 $58,845 
Diluted net income per common share$0.76 $0.64 $1.80 $1.59 
Anti-dilutive awards excluded from diluted earnings per share computation(*)
424,161 565,956 438,632 497,076
(*)The volume of anti-dilutive awards is, in part, due to the related unamortized compensation costs.