FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 29, 2014

Summary of the Company's assets and liabilities measured at fair value on a recurring basis

The Company’s assets and liabilities measured at fair value on a recurring basis are categorized in the table below based upon their level within the fair value hierarchy as of March 29, 2014.

(In thousands)			Fair Value Measurements at Reporting Date Using
Description	March 29, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Restricted Cash	$	2,397	$	2,397	$	-	$	-

Marketable securities:
Money market funds	7,997		7,997		-		-
Certificates of deposit	194		-		194		-
	8,191		7,997		194		-
Derivative assets:
Option contracts	137		-		137		-
Forward contracts	2		-		2		-
	139		-		139		-
Funds in investments and other assets:
Israeli pension funds	11,299		-		11,299		-
Group insurance contracts	7,100		-		7,100		-
	18,399		-		18,399		-
	$	29,126	$	10,394	$	18,732	$	-

Liabilities:
Derivative liabilities:
Option contracts	29		-		29		-

The Company’s assets and liabilities measured at fair value on a recurring basis are categorized in the table below based upon their level within the fair value hierarchy as of December 28, 2013.

(In thousands)			Fair Value Measurements at Reporting Date Using
Description	December 28, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Restricted Cash	$	2,305	$	2,305	$	-	$	-

Marketable securities:
Money market funds	8,052		8,052		-		-
Certificates of deposit	167		-		167		-
	8,219		8,052		167		-
Derivative assets:
Option contracts	269		-		269		-

Funds in investments and other assets:
Israeli pension funds	11,489		-		11,489
Group insurance contracts	6,895		-		6,895		-
	18,384		-		18,384		-
	$	29,177	$	10,357	$	18,820	$	-
Liabilities:
Derivative liabilities:
Option contracts	10		-		10		-

Summary of carrying amount and estimated fair values of financial instruments

	March 29, 2014				December 28, 2013
(In thousands)	Carrying				Carrying
	Amount		Fair Value		Amount		Fair Value
Short-term borrowings	$	4,991	$	4,987	$	4,861	$	4,851
Long-term debt	$	70,988	$	70,051	$	83,646	$	82,658