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SHAREHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 29, 2019
Shareholders' Equity [Abstract]  
Schedule of Stockholders Equity
Changes in the balance of each component of shareholders’ equity during the reporting periods were as follows:
 
Thirteen weeks ended
 
Thirty-nine weeks ended
(in thousands)
September 29,
2019
September 30,
2018
 
September 29,
2019
September 30,
2018
 
 
 
 
 
 
Common stock shares
 
 
 
 
 
Beginning balance
40,058

40,595

 
40,054

41,098

Purchases and retirement of common stock
(1,115
)
(203
)
 
(1,505
)
(961
)
Issuances under equity plans, including tax benefits
(11
)
87

 
355

316

Stock-based compensation
—

(7
)
 
28

19

Ending balance
38,932

40,472

 
38,932

40,472

 
 
 
 
 
 
Common stock amount
 
 
 
 
 
Beginning balance
$
1

$
1

 
$
1

$
1

Current period activity
—

—

 
—

—

Ending balance
1

1


1

1

 
 
 
 
 
 
Retained earnings
 
 
 
 
 
Beginning balance
629,022

574,934

 
606,087

561,650

Net income
26,676

24,380

 
54,358

50,867

Purchases and retirement of common stock (1)
(22,239
)
(5,752
)
 
(31,316
)
(24,818
)
Issuances under equity plans, including tax benefits
19

249

 
(911
)
(1,396
)
Stock-based compensation
2,859

3,572

 
8,119

9,555

Change in accounting standard cumulative-effect adjustment (2)
—

—

 
—

1,525

Ending balance
636,337

597,383


636,337

597,383

 
 
 
 
 
 
Accumulated other comprehensive loss
 
 
 
 
 
Beginning balance, net of tax
(14,016
)
(11,634
)
 
(14,649
)
(6,804
)
Foreign currency translation adjustment
(1,657
)
(595
)
 
(1,024
)
(3,900
)
Change in accounting standard cumulative-effect adjustment (2)
—

—

 
—

(1,525
)
Ending balance, net of tax
(15,673
)
(12,229
)

(15,673
)
(12,229
)
 
 
 
 
 
 
Total shareholders’ equity ending balance
$
620,665

$
585,155

 
$
620,665

$
585,155

(1)
Under applicable Washington State law, shares purchased are not displayed separately as treasury stock on our Consolidated Balance Sheets and are treated as authorized but unissued shares. It is our accounting policy to first record these purchases as a reduction to our common stock account. Once the common stock account has been reduced to a nominal balance, remaining purchases are recorded as a reduction to our retained earnings. Furthermore, activity in our common stock account related to stock-based compensation is also recorded to retained earnings until such time as the reduction to retained earnings due to stock repurchases has been recovered.
(2)
As a result of our adoption of the accounting standard for equity investments issued by the FASB in January 2016, $1.5 million in unrealized gains, net of tax on equity securities previously classified as available-for-sale were reclassified from accumulated other comprehensive loss to retained earnings as of the beginning of fiscal 2018. There were no material reclassifications out of accumulated other comprehensive loss during the thirteen and thirty-nine weeks ended September 29, 2019.