XML 50 R26.htm IDEA: XBRL DOCUMENT v3.25.4
EARNINGS PER SHARE
 12 Months Ended
Jan. 03, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Fiscal year ended
January 3, 2026December 28, 2024December 30, 2023
(53 weeks)(52 weeks)(52 weeks)
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding35,404,506 35,524,378 36,589,922 
Dilutive effect of equity awards414 1,238 3,344 
Diluted number of common and common equivalent shares outstanding35,404,920 35,525,616 36,593,266 
Earnings per share:
(dollars in thousands, except per share data)
Basic net income per common share:
Net income $91,796 $185,509 $232,500 
Income allocated to participating securities(2,306)(3,679)(4,285)
Net income available to common shareholders$89,490 $181,830 $228,215 
Basic net income per common share$2.53 $5.12 $6.24 
Diluted net income per common share:
Net income $91,796 $185,509 $232,500 
Income allocated to participating securities(2,306)(3,679)(4,285)
Net income available to common shareholders$89,490 $181,830 $228,215 
Diluted net income per common share$2.53 $5.12 $6.24 
Anti-dilutive shares excluded from dilutive net income per share calculations (*)
261,468 422,865 477,373 
(*)The anti-dilutive shares excluded from diluted net income per common share primarily relate to out-of-the-money stock options.
The Company grants shares of its common stock in the form of restricted stock awards to certain key employees under the Company’s Amended and Restated Equity Incentive Plan (see Note 12, Stock-based Compensation, to the consolidated financial statements). Prior to vesting of the restricted stock awards, the grant recipients are entitled to receive non-forfeitable cash dividends if the Company declares and pays dividends on the Company’s common stock. Accordingly, unvested shares of the Company’s restricted stock awards are deemed to be participating securities for purposes of computing diluted earnings per share (EPS), and therefore the Company’s diluted EPS represents the lower of the amounts calculated under the treasury stock method or the two-class method of calculating diluted EPS.