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SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 28, 2020
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
 
Twenty-six weeks ended
(in thousands)
June 28,
2020
June 30,
2019
 
June 28,
2020
June 30,
2019
 
 
 
 
 
 
Common stock shares
 
 
 
 
 
Beginning balance
36,128

40,152

 
38,593

40,054

Purchases and retirement of common stock
—

(156
)
 
(2,930
)
(390
)
Net issuance under equity plans, including tax benefits
(76
)
58

 
339

366

Stock-based compensation
—

4

 
50

28

Ending balance
36,052

40,058

 
36,052

40,058

 
 
 
 
 
 
Common stock amount
 
 
 
 
 
Beginning balance
$
1

$
1

 
$
1

$
1

Current period activity
—

—

 
—

—

Ending balance
1

1


1

1

 
 
 
 
 
 
Retained earnings
 
 
 
 
 
Beginning balance
435,804

611,609

 
639,210

606,087

Net income (loss)
(8,168
)
19,406

 
(158,662
)
27,682

Purchases and retirement of common stock (1)
—

(3,774
)
 
(52,346
)
(9,077
)
Net issuance under equity plans, including tax benefits
51

127

 
(1,420
)
(930
)
Stock-based compensation
2,838

1,654

 
4,345

5,260

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

—

 
(602
)
—

Ending balance
430,525

629,022


430,525

629,022

 
 
 
 
 
 
Accumulated other comprehensive loss
 
 
 
 
 
Beginning balance, net of tax
(19,863
)
(13,323
)
 
(13,238
)
(14,649
)
Foreign currency translation adjustment
2,098

(693
)
 
(4,527
)
633

Ending balance, net of tax
(17,765
)
(14,016
)

(17,765
)
(14,016
)
 
 
 
 
 
 
Total shareholders’ equity ending balance
$
412,761

$
615,007

 
$
412,761

$
615,007

(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 credit losses, we recognized a cumulative-effect adjustment to retained earnings of $0.6 million in the first quarter of 2020.