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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the calculation of earnings per share and weighted-average common shares outstanding at the dates indicated (in thousands, except per share data):

Fiscal Year Ended
December 31,
2022
January 1,
2022
January 2,
2021
Net income$89,693 $212,602 $155,801 
Weighted average common shares outstanding — basic86,521 87,425 86,978 
Effect of dilutive securities674 1,241 869 
Weighted average common shares outstanding — diluted87,195 88,666 87,847 
Earnings per share
Basic$1.04 $2.43 $1.79 
Diluted$1.03 $2.40 $1.77