Disclosures About Fair Value Of Financial Instruments

12 Months Ended

Jul. 03, 2011

Disclosures About Fair Value Of Financial Instruments

Disclosures About Fair Value Of Financial Instruments

(16) Disclosures About Fair Value of Financial Instruments:

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:

Cash and Cash Equivalents, Receivables, Accounts Payable, Foreign Loans, Accrued Liabilities and Income Taxes Payable: The carrying amounts approximate fair market value because of the short maturity of these instruments.

Long-Term Debt: The fair market value of the Company's long-term debt is estimated based on market quotations at year-end.

The estimated fair market values of the Company's Long-Term Debt is (in thousands):

	2011				2010
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-Term Debt -
6.875% Notes Due 2020	$	225,000	$	233,726	$	-	$	-
8.875% Notes Due 2011	$	-	$	-	$	203,460	$	215,733
Borrowings on Revolving Credit Facility	$	-	$	-	$	-	$	-