Lease Commitments

12 Months Ended

Dec. 30, 2012

Leases [Abstract]

Lease Commitments

Lease Commitments

The Company leases buildings and equipment under capital and operating leases. The present value of the minimum capital lease payments, net of the current portion, totaled $12.8 million at December 30, 2012. Operating lease agreements, which include leases for manufacturing facilities and office space frequently include renewal options and require the Company to pay for utilities, taxes, insurance and maintenance expense.

At December 30, 2012, future minimum lease payments for capital leases and for operating leases with non-cancelable terms of more than one year were as follows (in millions):

	Capital			Operating
2013	$	2.1		$	22.3
2014	1.8			17.2
2015	1.7			14.9
2016	1.7			10.9
2017	1.7			7.7
Thereafter	9.1			14.6
Total minimum lease payments	18.1			$	87.6
Less:
Imputed interest	(3.8		)
Current portion	(1.5		)
Present value of minimum capital lease payments, net of current portion	$	12.8

The 2012 property, plant and equipment accounts included $16.6 million of property leased under capital leases and $4.5 million of related accumulated depreciation. The 2011 property, plant and equipment accounts included $15.8 million of property leased under capital leases and $3.2 million of related accumulated depreciation. Rental expense under operating leases, net of sublease income, was $23.6 million in 2012, $24.1 million in 2011, and $21.5 million in 2010.