Lease Commitments

12 Months Ended

Jan. 01, 2012

Lease Commitments [Abstract]

Lease Commitments

Note 14.    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 $13.4 million at January 1, 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 January 1, 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
2012	$	2.0		$	21.3
2013		1.8			19.2
2014		1.7			15.9
2015		1.6			13.5
2016		1.7			9.7
Thereafter		10.2			19.2
Total minimum lease payments		19.0		$	98.8
Less:
Imputed interest		(4.2	)
Current portion		(1.4	)
Present value of minimum capital lease payments, net of current portion	$	13.4

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. The 2010 property, plant and equipment accounts included $17.0 million of property leased under capital leases and $2.2 million of related accumulated depreciation. Rental expense under operating leases, net of sublease income, was $24.1 million in 2011, $21.5 million in 2010, and $20.5 million in 2009.