Other Income (Expense), Net

9 Months Ended

Oct. 01, 2011

Other Income (Expense), Net [Abstract]

Other Income (Expense), Net

NOTE 10 – OTHER INCOME (EXPENSE), NET

The Company's other income (expense) consisted of the following (in thousands):

	Three Months Ended						Nine Months Ended
	October 1, 2011			October 2, 2010			October 1, 2011			October 2, 2010
Interest income	$	1,256		$	785		$	3,201		$	1,507
Interest expense		(16,986	)		(14,714	)		(51,747	)		(50,299	)
Other		(3,783	)		2,818			(22,432	)		(2,865	)
Total other income (expense), net	$	(19,513	)	$	(11,111	)	$	(70,978	)	$	(51,657	)

During 2011, legislation became effective in Puerto Rico that levied a 4% excise tax for most purchases from Puerto Rico. As the excise tax is not levied on income, the Company has classified the tax as other expense. The Company recognized $6.6 million and $21.8 million of excise tax expense in the third quarter and first nine months of 2011, respectively, for purchases made from its Puerto Rico subsidiary. This tax is almost entirely offset by the foreign tax credits which are recognized as a benefit to income tax expense.