EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Apr. 03, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The reconciliation of the numerator and denominator used for the computation of basic and diluted earnings per common share is as follows (in thousands, except per share data):

	Three Months Ended
	April 3, 2021		April 4, 2020
Numerator for Basic and Diluted Earnings Per Common Share
Net loss applicable to common shares	$	(1,655)	$	(542,073)
Denominator for Basic and Diluted Earnings Per Common Share
Weighted average basic number of common shares outstanding	125,506		126,093
Common stock equivalents:
Employee stock options	—		—
PSUs and Performance Share Awards	—		—
Weighted average diluted number of common shares outstanding	125,506		126,093
Basic loss per common share	$	(0.01)	$	(4.30)
Diluted loss per common share	$	(0.01)	$	(4.30)
Incentive Plan securities excluded from dilution(1)	1,174		2,851

(1)Represents securities not included in the computation of diluted earnings per common share because their effect would have been anti-dilutive.