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STOCK-BASED COMPENSATION
 9 Months Ended
Sep. 28, 2024
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
The Company recorded stock-based compensation expense as follows:
Fiscal quarter endedThree fiscal quarters ended
(dollars in thousands)September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Restricted stock:
   Time-based awards$4,005 $4,353 $12,437 $12,898 
   Performance-based awards444 (425)(605)464 
   Market-based awards237 — 544 — 
   Stock awards— — 1,600 1,550 
Total$4,686 $3,928 $13,976 $14,912 
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 first three quarters 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. During the third quarter and first three quarters of fiscal 2023, performance-based grants were revised resulting in a reversal of previously recognized stock-based compensation expense of $1.1 million and $1.5 million, respectively.