Derivative and Hedging Activities (Tables)

9 Months Ended

Sep. 26, 2013

Derivative And Hedging Activities Tables [Abstract]

				Effective	Fair Value,
Notional Amount	Expires	Variable Rate	Fixed Rate ⁽¹⁾	Fixed Rate⁽²⁾	September 26, 2013
$225.0	July 2014	1 Month LIBOR	1.37%	N/A	$	(2.0)

________

(1) The fixed rate represents the rate at which interest is paid by the Company pursuant to the terms of its interest rate swap agreements.

(2) As of September 26, 2013 the interest rate swaps are no longer effective and therefore the effective fixed rate is not applicable.

Fair value of outstanding derivatives

The following table summarizes the Company's fair value of outstanding derivatives at September 26, 2013 and December 31, 2012:

			Fair Values of Derivative Instruments
				Other Liability Derivatives
				September 26, 2013		December 31, 2012
Derivatives designated as hedging instruments
	Interest rate swaps
		Current		$	2.0	$	2.8
		Non-current			-		1.2
Total derivatives designated as hedging
instruments					2.0		4.0
Total derivatives				$	2.0	$	4.0

Effect of derivative instrument on statement of other comprehensive income

The impact on other comprehensive income (“OCI”) and earnings from cash flow hedges for the three and for the nine months ended September 26, 2013 and September 27, 2012 was as follows:

	Derivatives in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative (Effective Portion)				Location of (Gain) or Loss Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of (Gain) or Loss Reclassified from Accumulated OCI into Income (Effective Portion)
		For the Three Months Ended					For the Three Months Ended
		September 26, 2013		September 27, 2012				September 26, 2013		September 27, 2012
		September 26, 2013		September 27, 2012				September 26, 2013		September 27, 2012
Interest rate						Interest
swaps		$	-	$	-	expense		$	-	$	-
Foreign currency						Sales/
hedge contracts			-		0.1	Revenue			-		(0.1)
Total		$	-	$	0.1			$	-	$	(0.1)


	Derivatives in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative (Effective Portion)				Location of (Gain) or Loss Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)
		For the Nine Months Ended					For the Nine Months Ended
		September 26, 2013		September 27, 2012				September 26, 2013		September 27, 2012
		September 26, 2013		September 27, 2012				September 26, 2013		September 27, 2012
Interest rate						Interest
swaps		$	-	$	(0.9)	expense		$	-	$	3.1
Foreign currency						Sales/
hedge contracts			-		0.1	Revenue			-		-
Total		$	-	$	(0.8)			$	-	$	3.1

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details