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EARNINGS PER COMMON SHARE (Tables)
9 Months Ended 12 Months Ended
Oct. 01, 2016
Jan. 02, 2016
Earnings Per Share [Abstract]    
Earnings per common share

The table below details the computation of our basic and diluted EPS:

 

     Fiscal Quarter Ended      Fiscal Year to Date Ended  
     October 1,
2016
    October 3,
2015
     October 1,
2016
    October 3,
2015
 

Numerator:

         

Net income

   $ 22,445      $ 12,636       $ 103,143      $ 25,423   

Less: Distributed earnings allocated to nonvested awards

     (251             (251       

Less: Undistributed earnings allocated to nonvested awards

     (211             (1,704       
  

 

 

   

 

 

    

 

 

   

 

 

 

Numerator for basic and diluted earnings per share

   $ 21,983      $ 12,636       $ 101,188      $ 25,423   
  

 

 

   

 

 

    

 

 

   

 

 

 

Denominator:

         

Average shares outstanding—Basic

     74,878,851        65,334,001         68,913,664        65,249,404   

Potential effect of nonvested restricted stock awards

            1,513,944                1,473,407   
  

 

 

   

 

 

    

 

 

   

 

 

 

Average shares outstanding—Diluted

     74,878,851        66,847,945         68,913,664        66,722,811   
  

 

 

   

 

 

    

 

 

   

 

 

 

Net income per common share—Basic

   $ 0.29      $ 0.19       $ 1.47      $ 0.39   

Net income per common share—Diluted

   $ 0.29      $ 0.19       $ 1.47      $ 0.38   

Dividend per share

   $ 0.14      $       $ 0.14      $   

Antidilutive awards excluded from the computation of diluted EPS:

         

Stock options

     646,180                646,180          

Restricted stock

     939,627                957,717          

RSUs

     4,702                4,702          
     Fiscal 2015      Fiscal 2014     Fiscal 2013  

Net income (loss)

   $ 37,111       $ (37,943   $ (57,047
  

 

 

    

 

 

   

 

 

 

Weighted average shares outstanding—Basic

     65,350,463         64,209,838        63,502,480   

Potential effect of unvested restricted stock

     831,402                  
  

 

 

    

 

 

   

 

 

 

Weighted average Shares outstanding—Diluted

     66,181,865         64,209,838        63,502,480   
  

 

 

    

 

 

   

 

 

 

Net income (loss) per common share—Basic

   $ 0.57       $ (0.59   $ (0.90

Net income (loss) per common share—Diluted

   $ 0.56       $ (0.59   $ (0.90