10-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended September 29, 2012

or

[] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________to __________

Commission File Number  1-6720

A. T. CROSS COMPANY
(Exact name of registrant as specified in its charter)

Rhode Island (State or other jurisdiction of incorporation or organization)	05-0126220 (IRS Employer Identification No.)
One Albion Road, Lincoln, Rhode Island (Address of principal executive offices)	02865 (Zip Code)

Registrant's telephone number, including area code (401) 333-1200

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

X Yes __ No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (S232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit and post such files).

X Yes __ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer	__	Accelerated filer	X
Non-accelerated filer	__	Smaller reporting company	__

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

__ Yes X No

Indicate the number of shares outstanding of each of the issuer's classes of common stock as of October 27, 2012:

Class A common stock -	11,293,769 shares
Class B common stock -	1,804,800 shares

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements.

A. T. CROSS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

(THOUSANDS OF DOLLARS AND SHARES)	SEPTEMBER 29,		DECEMBER 31,
	2012		2011
ASSETS	(UNAUDITED)
Current Assets
Cash and cash equivalents	$	20,599	$	25,991
Short-term investments		226		-
Accounts receivable, gross		30,343		30,130
Allowance for doubtful accounts		(693)		(1,020)
Accounts receivable, net		29,650		29,110
Inventories		39,449		36,482
Deferred income taxes		5,978		4,206
Other current assets		5,914		7,954
Total Current Assets		101,816		103,743
Property, plant and equipment, gross		111,812		107,933
Accumulated depreciation		(97,647)		(94,227)
Property, Plant and Equipment, Net		14,165		13,706
Goodwill		15,279		15,279
Intangibles, Net		8,713		9,002
Deferred Income Taxes		11,325		11,115
Other Assets		1,854		2,570
Total Assets	$	153,152	$	155,415
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Accounts payable, accrued expenses and other liabilities	$	19,010	$	19,105
Line of credit		17,000		-
Accrued compensation and related taxes		6,464		7,509
Retirement plan obligations		2,600		2,508
Income taxes payable		1,299		712
Total Current Liabilities		46,373		29,834
Line of Credit		-		21,221
Retirement Plan Obligations		17,974		22,636
Deferred Gain on Sale of Real Estate		1,825		2,216
Other Long-Term Liabilities		469		464
Accrued Warranty Costs		1,347		1,391
Commitments and Contingencies (Note L)		-		-
Total Liabilities		67,988		77,762
Shareholders' Equity
Common stock, par value $1 per share:
Class A - authorized 40,000 shares, 19,169 shares issued and 11,339
shares outstanding at September 29, 2012, and 18,713 shares
issued and 11,133 shares outstanding at December 31, 2011		19,169		18,713
Class B - authorized 4,000 shares, 1,805 shares issued and
outstanding at September 29, 2012 and December 31, 2011		1,805		1,805
Additional paid-in capital		30,899		29,178
Retained earnings		98,756		91,518
Accumulated other comprehensive loss		(18,289)		(18,718)
Treasury stock, at cost		(47,176)		(44,843)
Total Shareholders' Equity		85,164		77,653
Total Liabilities and Shareholders' Equity	$	153,152	$	155,415

See notes to condensed consolidated financial statements.

A. T. CROSS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)

(THOUSANDS OF DOLLARS AND SHARES,	THREE MONTHS ENDED				NINE MONTHS ENDED
EXCEPT PER SHARE AMOUNTS)	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Net sales	$	43,396	$	43,809	$	134,149	$	131,359
Cost of goods sold		20,249		20,300		59,618		57,288
Gross Profit		23,147		23,509		74,531		74,071
Selling, general and administrative expenses		17,699		17,396		55,528		56,069
Service and distribution costs		2,123		2,325		6,338		6,020
Research and development expenses		679		746		2,055		2,024
Operating Income		2,646		3,042		10,610		9,958
Interest income		4		3		14		9
Interest expense		(140)		(168)		(453)		(555)
Other expense		(11)		(492)		(119)		(464)
Interest and Other Expense		(147)		(657)		(558)		(1,010)
Income Before Income Taxes		2,499		2,385		10,052		8,948
Income tax provision		460		440		2,814		2,579
Net Income	$	2,039	$	1,945	$	7,238	$	6,369
Net Income Per Share:
Basic		$ 0.16		$ 0.16		$ 0.59		$ 0.52
Diluted		$ 0.15		$ 0.15		$ 0.56		$ 0.49
Weighted Average Shares Outstanding:
Denominator for Basic Net Income Per Share		12,729		12,244		12,357		12,183
Effect of dilutive securities		597		796		621		792
Denominator for Diluted Net Income Per Share		13,326		13,040		12,978		12,975

A. T. CROSS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Net Income	$	2,039	$	1,945	$	7,238	$	6,369
Other Comprehensive Income, Net of Tax:
Foreign currency translation adjustments		311		(242)		391		50
Unrealized gain (loss) on interest rate swap, net		13		(25)		28		(18)
Pension liability adjustment, net		(20)		71		10		(1)
Comprehensive Income	$	2,343	$	1,749	$	7,667	$	6,400

See notes to condensed consolidated financial statements.

A. T. CROSS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)

(THOUSANDS OF DOLLARS)	NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,
	2012		2011
Cash Provided by (Used in) Operating Activities:
Net Income	$	7,238	$	6,369
Adjustments to reconcile net income to net cash provided by
(used in) operating activities:
Depreciation		3,813		4,035
Amortization		554		567
Amortization of deferred gain		(391)		(391)
Provision for bad debts		(177)		104
Deferred income taxes		(320)		1,105
Provision for accrued warranty costs		161		592
Warranty costs paid		(205)		(572)
Stock-based compensation and directors' fees		1,076		1,432
Excess tax benefit from stock-based awards		(644)		(839)
Unrealized (gain) loss on short-term investments		(10)		118
Unrealized loss (gain) on foreign exchange contracts		137		(601)
Unrealized foreign currency transaction gain		(71)		(93)
Changes in operating assets and liabilities:
Accounts receivable		337		(54)
Inventories		(2,668)		(9,160)
Other assets		895		(1,008)
Accounts payable		(1,727)		(1,442)
Other liabilities		(3,846)		(3,487)
Net Cash Provided by (Used in) Operating Activities		4,152		(3,325)
Cash Used in Investing Activities:
Purchases of short-term investments		(23,042)		(18,059)
Sales of short-term investments		22,826		20,088
Additions to property, plant and equipment		(4,203)		(3,180)
Additions to trademarks and patents		(265)		(126)
Net Cash Used in Investing Activities		(4,684)		(1,277)
Cash (Used in) Provided by Financing Activities:
Borrowing on long-term debt		3,000		16,300
Repayment of long-term debt		(7,221)		(14,300)
Excess tax benefit from stock-based awards		644		839
Proceeds from sale of Class A common stock, net		320		(247)
Purchase of treasury stock		(2,198)		(1,619)
Net Cash (Used in) Provided by Financing Activities		(5,455)		973
Effect of exchange rate changes on cash and cash equivalents		595		163
Decrease in Cash and Cash Equivalents		(5,392)		(3,466)
Cash and cash equivalents at beginning of period		25,991		16,650
Cash and Cash Equivalents at End of Period	$	20,599	$	13,184
SUPPLEMENTAL INFORMATION
Income taxes paid, net	$	1,490	$	661
Interest paid	$	371	$	526

See notes to condensed consolidated financial statements.

A. T. CROSS COMPANY AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 29, 2012 

(UNAUDITED)

NOTE A - Basis of Presentation
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation
S-X.  Accordingly, they do not include all of the information and footnotes required by US GAAP for financial statements.  The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes.  In the opinion of the Company's management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of items of a normal and recurring nature) necessary to present fairly the financial position as of September 29, 2012, the results of operations and comprehensive income for the three-month and nine-month periods ended September 29, 2012 and October 1, 2011, and the cash flows for the nine-month periods ended September 29, 2012 and October 1, 2011.  The results of operations for the nine-month period ended September 29, 2012 are not necessarily indicative of the results to be expected for the full year.  The Company considers events or transactions that occur after the balance sheet date but before the financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure.  Subsequent events have been evaluated to the date of issuance of these financial statements.  These financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2011, which includes consolidated financial statements and notes thereto for the years ended December 31, 2011,  January 1, 2011 and January 2, 2010.  The Company operates on a 52/53 week fiscal year, ending on the last Saturday closest to December 31, and consists of 13 week fiscal quarters.

NOTE B - Inventory
During the fourth quarter of 2011, the Company changed its method of accounting for domestic writing instrument inventories from determining cost using the last-in, first-out (“LIFO”) method to determining cost using the first-in, first-out (“FIFO”) method.  All of the Company’s inventories are now valued at the lower of cost, determined using the FIFO method, or market.  The Company believes this change is preferable as it provides uniformity across the Company’s operations with respect to the method for inventory accounting, better reflects the current value of inventories on the Consolidated Balance Sheet and improves comparability with the Company’s peers.

The change in accounting method from LIFO to FIFO for domestic writing instrument inventories has been applied retrospectively by adjusting the financial statement amounts for the prior periods presented to reflect the value of domestic writing instrument inventories on a FIFO basis.  The effect of the change on the condensed consolidated statements of income and the condensed consolidated statement of cash flows for the quarter and nine months ended October 1, 2011, was not significant.

The components of inventory are as follows:

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012		DECEMBER 31, 2011
Finished goods	$	27,290	$	23,538
Work in process		4,040		3,967
Raw materials		8,119		8,977
	$	39,449	$	36,482

NOTE C - Income Taxes
In the first nine months of 2012 the effective tax rate was 28.0%.  In the first nine months of 2011 the effective tax rate was 28.8%.

NOTE D - Segment Information
The Company has two reportable business segments: Cross Accessory Division ("CAD") and Cross Optical Group ("COG").  The Company evaluates segment performance based upon operating profit or loss.  Following is the segment information for the Company:

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Revenues from External Customers:
CAD	$	23,947	$	25,795	$	67,197	$	71,681
COG		19,449		18,014		66,952		59,678
Total	$	43,396	$	43,809	$	134,149	$	131,359
Depreciation and Amortization:
CAD	$	946	$	1,162	$	3,184	$	3,535
COG		396		388		1,183		1,067
Total	$	1,342	$	1,550	$	4,367	$	4,602
Operating Income (Loss):
CAD	$	182	$	786	$	(980)	$	(63)
COG		2,464		2,256		11,590		10,021
Total	$	2,646	$	3,042	$	10,610	$	9,958
Total Interest and Other Expense:	$	(147)	$	(657)	$	(558)	$	(1,010)
Total Income Before Income Taxes:	$	2,499	$	2,385	$	10,052	$	8,948
Expenditure for Long-Lived Assets:
CAD	$	1,069	$	677	$	2,436	$	1,821
COG		1,389		687		2,032		1,485
Total	$	2,458	$	1,364	$	4,468	$	3,306
					SEPTEMBER 29,		DECEMBER 31,
					2012		2011
Segment Assets:
CAD					$	99,420	$	104,761
COG						53,732		50,654
				Total	$	153,152	$	155,415
Goodwill:
CAD					$	-	$	-
COG						15,279		15,279
				Total	$	15,279	$	15,279

NOTE E - Warranty Costs
CAD’s Cross-branded writing instruments are sold with a full warranty of unlimited duration against mechanical failure.  CAD's accessories are sold with a one-year warranty against mechanical failure and defects in workmanship and timepieces are warranted for a period of two years.  Costa and Native sunglasses are sold

with a lifetime warranty against defects in materials and workmanship.  Estimated warranty costs are accrued at the time of sale.  The most significant factors in the estimation of warranty cost liabilities include the operating efficiency and related cost of the service department, unit sales and the number of units that are eventually returned for warranty repair.  The current portion of accrued warranty costs was $0.5 million at September 29, 2012 and December 31, 2011, and was recorded in accounts payable, accrued expenses and other liabilities.  The following chart reflects the activity in aggregate accrued warranty costs:

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Accrued Warranty Costs - Beginning of Period	$	1,887	$	1,862	$	1,892	$	1,998
Warranty costs paid		(67)		(432)		(205)		(572)
Warranty costs accrued		28		588		161		818
Impact of changes in estimates and assumptions		-		-		-		(226)
Accrued Warranty Costs - End of Period	$	1,848	$	2,018	$	1,848	$	2,018

NOTE F - Line of Credit

The Company maintains a $40 million revolving line of credit with Bank of America, N.A. (the “Bank”).  Under the line of credit agreement, the Bank agreed to make loans to the Company in an aggregate amount not to exceed $40 million, including up to $10 million equivalent in Eurocurrency loans denominated in pounds sterling or Euro (“Eurocurrency Loans”) and up to $30 million of other committed loans to the Company (“Committed Loans”) at any time.  As part of the aggregate availability, the Bank may also issue up to $7.5 million in letters of credit.  Subject to the limits on availability and the other terms and conditions of this credit agreement, amounts may be borrowed, repaid and reborrowed without penalty.  This credit facility matures and amounts outstanding must be paid by July 28, 2013.

The interest rate for the Committed Loans will be, at the Company's option, either (i) the London Interbank Offered Rate (“LIBOR”) plus an applicable margin or (ii) the higher of the federal funds rate plus 50 basis points or the Bank's prime rate plus an applicable margin.  The interest rate for any Eurocurrency Loans will be an interest settlement rate for deposits in pounds sterling or Euro plus an applicable margin.  The applicable margin for LIBOR and Eurocurrency loans will be an amount between 1.75% and 2.25%, and the applicable margin for federal funds or the Bank's prime rate will be an amount between 0.25% and 0.75%, which will vary from time to time based upon the Company's consolidated leverage ratio.

Under the line of credit agreement, the Company has agreed to comply with certain affirmative and negative covenants.  The most restrictive covenant requires the Company to maintain a maximum ratio of consolidated funded indebtedness to consolidated adjusted EBITDA over any four-quarter period.  The agreement requires the Company to maintain a minimum consolidated tangible net worth, computed at each year end, a maximum level of capital expenditures, each of which is calculated in accordance with the agreement.  Amounts due under the credit agreement are guaranteed by certain domestic and foreign subsidiaries of the Company.  Amounts due are also secured by a pledge of the assets of the Company and those of certain of its domestic subsidiaries.

At September 29, 2012, the outstanding balance of the Company's line of credit was $17.0 million, bearing an interest rate of approximately 2.0%, and the unused and available portion, according to the terms of the agreement, was $23.0 million.  At December 31, 2011, the outstanding balance of the Company's line of credit was $21.2 million, bearing an interest rate of approximately 2.0%, and the unused and available portion, according to the terms of the agreement, was $18.8 million. 

NOTE G - Employee Benefit Plans
The following table illustrates the components of net periodic benefit cost:

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Service cost	$	12	$	13	$	37	$	38
Interest cost		561		554		1,681		1,662
Expected return on plan assets		(578)		(559)		(1,732)		(1,678)
Amortization of unrecognized loss		287		238		863		716
Amortization of prior service cost		3		3		9		9
Net Periodic Benefit Cost	$	285	$	249	$	858	$	747

The Company contributed $5.2 million to its defined benefit pension plans in the first nine months of 2012, $2.5 million of which was an additional voluntary contribution.  The Company expects to contribute $6.0 million to its defined benefit pension plans in 2012, $3.5 million to meet minimum required contributions and the $2.5 million additional voluntary contribution.  Additionally, the Company expects to contribute $0.9 million to its defined contribution retirement plans in 2012.

NOTE H - Goodwill and Other Intangible Assets

Goodwill and indefinite-lived intangible assets are not amortized but are subject to annual impairment tests, more frequently if events or circumstances occur that would indicate a potential decline in their fair value.  The Company has identified two reporting units, consisting of the CAD and COG segments.  The Company performs the assessments annually during the fourth quarter or on an interim basis if potential impairment indicators arise.  The fair value of the reporting unit's goodwill is determined using established income and market valuation approaches and the fair value of other indefinite-lived intangible assets, consisting of two COG segment trade names, is determined using a forward relief from royalty method.  For further discussion about impairment analysis, see the "Impairment Analysis" section of Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations," included in our Form 10-K for the fiscal year ended December 31, 2011.

At September 29, 2012 and December 31, 2011, the approximate $15.3 million carrying value of goodwill, $11.9 million of which is expected to be tax deductible, related entirely to the COG segment.  Other intangibles consisted of the following:

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012						DECEMBER 31, 2011
	GROSS CARRYING AMOUNT		ACCUMULATED AMORTIZATION		OTHER INTANGIBLES, NET		GROSS CARRYING AMOUNT		ACCUMULATED AMORTIZATION		OTHER INTANGIBLES, NET
Amortized:
Trademarks	$	9,522	$	9,132	$	390	$	9,374	$	8,990	$	384
Patents		3,588		3,297		291		3,471		3,225		246
Customer relationships		3,170		2,038		1,132		3,170		1,698		1,472
	$	16,280	$	14,467	$	1,813	$	16,015	$	13,913	$	2,102
Not Amortized:
Trade names						6,900						6,900
Intangibles, Net					$	8,713					$	9,002

Amortization expense for the threeand nine month periods ended September 29, 2012 was approximately $0.2 million and $0.6 million, respectively.  The estimated future amortization expense for other intangibles remaining as of September 29, 2012 is as follows:

(THOUSANDS OF DOLLARS)	2012	2013	2014	2015	2016	THEREAFTER
	$     188	$     686	$     631	$     234	$       74	$                    -

NOTE I - Financial Instruments

The Company is exposed to market risks arising from adverse changes in foreign exchange and interest rates.  In the normal course of business, the Company manages these risks through a variety of strategies, including the use of derivatives.  Certain derivatives are designated as cash flow hedges and qualify for hedge accounting treatment, while others do not qualify and are marked to market through earnings.  Gains or losses from derivatives used to manage foreign exchange are classified as selling, general and administrative expenses.

For cash flow hedges, changes in fair value are deferred in accumulated other comprehensive loss within shareholders' equity until the underlying hedged item is recognized in net income.  For fair value hedges, changes in fair value are recognized immediately in earnings, consistent with the underlying hedged item.  Hedging transactions are limited to an underlying exposure.  As a result, any change in the value of the derivative instruments would be substantially offset by an opposite change in the value of the underlying hedged items.  Hedging ineffectiveness and a net earnings impact occur when the change in the value of the hedge does not offset the change in the value of the underlying hedged item.  Ineffectiveness of the Company's hedges is not material.  If the derivative instrument is terminated, the Company continues to defer the related gain or loss and include it as a component of the cost of the underlying hedged item.  Upon determination that the underlying hedged item will not be part of an actual transaction, the Company recognizes the related gain or loss in the statement of income immediately.

The Company also uses derivatives that do not qualify for hedge accounting treatment.  The Company accounts for such derivatives at market value with the resulting gains and losses reflected in the statements of income.

The Company enters into arrangements with one financial institution that it believes is creditworthy and generally settles such arrangements on a net basis.  In addition, the Company performs a quarterly assessment of counterparty credit risk, including a review of credit ratings, credit default swap rates and potential nonperformance of the counterparty.  Based on the most recent quarterly assessment of counterparty credit risk, the Company considers this risk to be low.

Foreign Exchange

The Company enters into derivatives, primarily forward foreign exchange contracts with terms of no more than one year, to manage risk associated with exposure to certain foreign currency denominated balance sheet positions, primarily intercompany accounts receivable.  Gains or losses resulting from the translation of certain foreign currency balance sheet positions are recognized in the statement of income as incurred.  Foreign currency derivatives had a total notional value of $19.5 million as of September 29, 2012 and $39.4 million as of December 31, 2011.  Gains and losses on the derivatives were generally offset by changes in U.S. dollar value of the underlying hedged items.

Interest Rates

In 2010, the Company entered into a forward interest rate swap agreement with an initial notional amount of $15.0 million and a term of three years.  This swap effectively fixes the interest rate on a portion of the Company’s line of credit at approximately 1.2%.  The item being hedged is the first interest payment to be made on $15.0 million of principal expected to occur each month beginning March 31, 2011.  The Company measures hedge ineffectiveness using the “hypothetical” derivative method.  This swap has been designated a cash flow hedge and the effect of the mark-to-market valuation is recorded as an adjustment, net of tax, to accumulated other comprehensive loss.  From inception to September 29, 2012, the effect of the mark-to-market valuation, net of tax, was $0.1 million and was included as a component of accumulated other comprehensive loss.

Fair Value Measurements

The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities.  Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment.  The three levels are defined as follows:

Level 1	Unadjusted quoted prices in active markets for identical assets and liabilities.
Level 2	Observable inputs other than those included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.
Level 3	Unobservable inputs reflecting management's own assumptions about the inputs used in pricing the asset or liability.

The fair values of our financial assets and liabilities are categorized as follows:

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012								DECEMBER 31, 2011
	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL		LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Assets:
Money market funds (A)	$	705	$	-	$	-	$	705	$	10,404	$	-	$	-	$	10,404
Short-term investments (B)		226		-		-		226		-		-		-		-
Derivatives not designated as
hedging instruments:
Foreign exchange contracts (C)		-		83		-		83		-		55		-		55
	$	931	$	83	$	-	$	1,014	$	10,404	$	55	$	-	$	10,459

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012								DECEMBER 31, 2011
	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL		LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Liabilities
Derivatives designated as
hedging instruments:
Interest rate swaps (D)	$	-	$	125	$	-	$	125	$	-	$	169	$	-	$	169
Derivatives not designated as
hedging instruments:
Foreign exchange contracts (C)		-		220		-		220		-		31		-		31
	$	-	$	345	$	-	$	345	$	-	$	200	$	-	$	200

(A)	Value is based on quoted market prices of identical instruments, fair value is included in cash and cash equivalents
(B)	Value is based on quoted market prices of identical instruments
(C)	Value is based on the present value of the forward rates less the contract rate multiplied by the notional amount, fair value is included in other current assets or accounts payable, accrued expenses and other liabilities
(D)	Value is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve, fair value is included in accounts payable, accrued expenses and other liabilities

Accounts receivable are recorded at net realizable value, which approximates fair value.  Accounts payable, included in accounts payable, accrued expenses and other current liabilities, are recorded at historical cost, which approximates fair value due to the short-term nature of the liabilities.  Line of credit is recorded at historical cost, which approximates fair value since the interest rate varies with prevailing market rates similar to level 2 categorized items.

The effective portion of the pre-tax gains (losses) on our derivative instruments for the three and nine month periods ended September 29, 2012 and October 1, 2011 are categorized in the following table:

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Fair Value / Non-designated Hedges:
Foreign exchange contracts (A)	$	(31)	$	822	$	(137)	$	601
Cash Flow Hedges:
Effective portion recognized in other
comprehensive income:
Interest rate swaps	$	57	$	(1)	$	152	$	174
Effective portion reclassified from other
comprehensive income:
Interest rate swaps (B)	$	(36)	$	(39)	$	(108)	$	(203)

(A)	Included in selling, general and administrative expenses
(B)	Included in interest expense

NOTE J - Short-Term Investments

At September 29, 2012, the Company had short-term investments of $0.2 million classified as trading securities.  Realized and unrealized gains or losses on these short-term investments are included in other income.  The amount of unrealized gain on these short-term investments was not material atSeptember 29, 2012.  

NOTE K - New Accounting Pronouncements

In September 2011, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) which simplifies how companies test goodwill for impairment.  The ASU permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in the goodwill accounting standard.  The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted.  In July 2012, the FASB issued an ASU which expanded the scope of this valuation testing methodology to include all indefinite-lived assets and is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012.  We do not expect these new ASUs to have a material effect on our financial position, results of operations or cash flows.

In June 2011, the FASB issued ASU No. 2011-05, Comprehensive Income (Topic 220) - Presentation of Comprehensive Income (ASU 2011-05), to require an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of equity.  In December 2011, the FASB issued ASU No. 2011-12, Comprehensive Income (Topic 220) - Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU 2011-05 (ASU 2011-12), which defers the effective date of only those changes in ASU 2011-05 that relate to the presentation of reclassification adjustments.  ASU 2011-05 is effective for us in our first quarter of fiscal 2012 and should be applied retrospectively.  The adoption of ASU 2011-05 and ASU 2011-12 did not have a material impact on our financial position, results of operations or cash flows.

In May 2011, the Financial Accounting Standards Board (FASB) updated the accounting guidance related to fair value measurements. This amendment results in convergence of fair value measurement and disclosure requirements between U.S. GAAP and International Financial Reporting Standards (IFRS).  We complied with this amendment beginning in the first quarter of fiscal 2012.

NOTE L - Commitments and Contingencies
The Company was named as one of approximately ninety defendants in a contribution suit brought by CCL/Unilever relating to the J.M. Mills Landfill Site (the “Site”), which is part of the Peterson/Puritan Superfund Site in Cumberland, Rhode Island.  These complaints alleged that the Company was liable under the Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA") for contribution for Site investigation costs.  The Company has reached settlement of the case and paid a settlement amount of approximately $0.2 million in 2010.

The Company expects that the Federal Environmental Protection Agency ("EPA") will select a remedy for the Site in 2012.  At that time, the EPA will initiate an administrative process (the "Special Notice Process") pursuant to CERCLA whereby the EPA will request that those entities that the EPA contends arranged for the disposal of hazardous materials at the Site (the PRPs), undertake the selected remedy at the Site.  The EPA contends that the Company is a PRP at the Site.  During the Special Notice Process, the Company and the other PRPs will engage in negotiations with the EPA regarding the remedy, and among themselves regarding the contribution of each PRP to overall remediation costs.  Neither the cost of the remedy nor the identity of all PRPs is known at this time.  Therefore it is not possible to assess the outcome of the Special Notice Process as it may relate to the Company's contribution to remediation costs.

In 2011, the Pension Benefit Guaranty Corporation (“PBGC”) had asserted that it believed the Company had a triggering event under Section 4062(e) of ERISA, which, had such an event occurred, could have led to an

acceleration of funding contributions to the Company’s defined benefit plan.  Specifically, during 2010, the PBGC asserted that the Company closed a facility in the USA when it completed the transfer of a significant portion of its manufacturing operations offshore.  The Company maintains that the facility did not close, and therefore no triggering event occurred.  In the third quarter of 2012, the Company received written notice from the PBGC that it will take no further action with respect to this matter.  The Company believes that it has sufficient liquidity to meet any required contributions to the Plan, and in fact, has made additional voluntary contributions of $4 million to the plan since October 2011.

The Company is involved in various other litigation and legal matters that have arisen in the ordinary course of business.  To its knowledge, management believes that the ultimate resolution of any of those existing matters will not have a material adverse effect on the Company's consolidated financial position or results of operations.

Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations.

Overview

A.T. Cross Company is a designer and marketer of branded personal accessories including writing instruments, reading glasses, personal and business accessories and sunglasses.  The Company has been operating in a difficult economic environment in mature as well as competitive categories.  The Company has challenged itself to build upon its unique attributes in order to develop a vibrant, diversified and forward-looking company poised for sustainable growth and long-term profit. 

Cross Accessory Division ("CAD")

The Company has been a manufacturer and marketer of fine quality writing instruments since 1846.  Sold primarily under the Cross brand, ball-point, fountain and selectip rolling ball pens and mechanical pencils are offered in a variety of styles and finishes.  Cross also manufactures and markets a line of FranklinCovey^® entry level price point refillable writing instruments.  Also under the Cross brand, CAD offers a variety of personal and business accessories including leather goods, reading glasses, watches, desk sets, cufflinks, and stationery.  This segment typically records its highest sales and operating income in the fourth quarter of the fiscal year. 

Cross Optical Group ("COG")

The Company’s COG segment consists of its wholly-owned subsidiary Cross Optical Group, Inc.  This business designs, manufactures and markets high-quality,high-performance polarized sunglasses under the brand names Costa and Native.  This segment typically records its highest sales and operating income in the second quarter of the fiscal year. 

Results of Operations Third Quarter 2012 Compared to Third Quarter 2011

In the third quarter of 2012, the Company reported net income of $2.0 million, or $0.16 per basic and $0.15 per diluted share, compared to net income of $1.9 million, or $0.16 per basic and $0.15 per diluted share in the third quarterof 2011. 

The following chart details net sales performance:

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		PERCENTAGE
	2012		2011		CHANGE
Cross Accessories Division (CAD)	$	23,947	$	25,795	-7.2%
Cross Optical Group (COG)		19,449		18,014	8.0%
Consolidated Net Sales	$	43,396	$	43,809	-0.9%

Consolidated net sales were $43.4 million in the third quarter of 2012 compared to $43.8 million in the third quarter of 2011.  The effect of foreign exchange was unfavorable to consolidated third quarter 2012 sales results by approximately 80 basis points. 

CAD sales decreased 7.2% in the third quarter of 2012 compared to the third quarter of 2011 due to the adverse economic conditions affecting its European, Middle Eastern and African markets.  Sales increased in the Americas and Asian markets during the third quarter by 3.4% and 0.4%, respectively.

COG sales grew by 8.0%, led by the Costa brand which increased 9.6% compared to the prior year third quarter.

The following chart details gross profit margins for both segments as well as the consolidated gross profit margins:

	THREE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		PERCENTAGE
	2012		2011		POINT CHANGE
CAD		48.8%		49.2%	(0.4)
COG		59.0%		60.1%	(1.1)
Consolidated Gross Profit Margins		53.3%		53.7%	(0.4)

Consolidated gross margins were 53.3% in the third quarter, 40 basis points lower than the same period last year. 

Consolidated operating expenses for the third quarter of 2012 were $20.5 million, or 47.2% of sales, as compared to $20.5 million, or 46.7% of sales a year ago;  anincrease of 50 basis points.  The CAD segment operating expenses were 3.5% lower than the prior year’s third quarter.  The COG segment’s operating expenses were 5.2% higher than last year and were directly related to the higher sales volume in the third quarter of 2012.

In the third quarter of 2012, the effective tax rate was 18.4%.  In the third quarter of 2011, the effective tax rate was 18.5%. 

Results of Operations First Nine Months 2012 Compared to First Nine Months 2011

In the first nine months of 2012, the Company reported net income of $7.2 million, or $0.59 per basic and $0.56 per diluted share, compared to net income of $6.4 million, or $0.52 per basic and $0.49 per diluted share in the first nine months of 2011. 

The following chart details net sales performance:

(THOUSANDS OF DOLLARS)	NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		PERCENTAGE
	2012		2011		CHANGE
Cross Accessories Division (CAD)	$	67,197	$	71,681	-6.3%
Cross Optical Group (COG)		66,952		59,678	12.2%
Consolidated Net Sales	$	134,149	$	131,359	2.1%

Consolidated net sales were $134.1 million in the first nine months of 2012 compared to $131.4 million in the first nine months of 2011.  The effect of foreign exchange was unfavorable to consolidatedsales results for the first nine months of 2012 by approximately 70 basis points.

CAD sales decreased 6.3% in the first nine months of 2012 compared to the first nine months of 2011 due to the adverse economic conditions affecting its European, Middle Eastern and African markets.  During this same period, sales in Asia increased by 4.3% and Americas sales increased by 3.6%. 

COG sales grew by 12.2%, led by the Costa brand which increased 14.9% compared to the prior year first nine months.

The following chart details gross profit margins for both segments as well as the consolidated gross profit margins:

	NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		PERCENTAGE
	2012		2011		POINT CHANGE
CAD		52.2%		53.5%	(1.3)
COG		58.9%		59.8%	(0.9)
Consolidated Gross Profit Margins		55.6%		56.4%	(0.8)

Consolidated gross margin for the first nine months of 2012 of 55.6% was 80 basis points less than the first nine months of 2011.  CAD gross margin declined 130 basis points due to inflation factors affecting 2012 that were not present in 2011.  In addition, the sale of certain discontinued products at low margins during the period affected gross margin. COG gross margin of 58.9% was 90 basis points lower than 2011 due largely to a  shift in product mix from the Native line to Costa and Costa RX products.  The Company expects the full year consolidated gross margin to be 55.0%

Consolidated operating expenses for the first nine months of 2012 were $63.9 million, or 47.6% of sales, as compared to $64.1 million, or 48.8% of sales a year ago; a decrease of 120 basis points.  The CAD segment operating expenses were 6.2% lower than the prior year’s first nine months due to strong cost controls put in place to mitigate the sales decline.  The COG segment’s operating expenses were 8.5% higher than last year.  These increases were directly related to the higher sales volume in the first nine months of 2012 compared to 2011.

In the first nine months of 2012, the effective tax rate was 28.0%.  In the first nine months of 2011, the effective tax rate was 28.8%. 

Liquidity and Sources of Capital

Historically, the Company's sources of liquidity and capital resources have been its cash and cash equivalents (“cash”), short-term investments, cash generated from operations and amounts available under the Company's line of credit.  These sources have been sufficient in the past to support the Company's routine operating requirements, capital projects, contributions to the retirement plans, stock repurchase programs and debt service.  The Company expects its future cash needs in 2012 will be met by these historical sources of liquidity and capital.

The Company's cash and short-term investment balance of $20.8 million at September 29, 2012 decreased $5.2 million from December 31, 2011.  The most significant factors affecting the Company's cash balance are discussed in this section.

Inventory was $39.4 million at September 29, 2012, an increase of $3.0 million since December 31, 2011.  CAD inventory increased $2.7 million and COG inventory levels increased by $0.3 million from year end 2011.  The increase in CAD inventory was to support anticipated higher sales volumes, as CAD typically records its highest sales in the second half.

The Company contributed $5.2 million to its defined benefit pension plans in the first nine months of 2012, $2.5 million of which was an additional voluntary contribution.  The Company expects to contribute $6.0 million to its defined benefit pension plans in 2012, $3.5 million to meet minimum required contributions and the $2.5 million additional voluntary contribution.  Additionally, the Company expects to contribute $0.9 million to its defined contribution retirement plans in 2012.

The Company has a $40 million secured line of credit with a bank.  This credit facility matures and amounts outstanding must be paid by July 28, 2013.Under this agreement, the Company has the option to borrow at various interest rates depending upon the type of borrowings made and the Company's consolidated leverage ratio.  At September 29, 2012, the outstanding balance of the Company's line of credit was $17.0 million, bearing an interest rate of approximately 2.0%, and the unused and available portion, according to the terms of the agreement, was $23.0 million.  At December 31, 2011, the outstanding balance of the Company's line of credit was $21.2 million, bearing an interest rate of approximately 2.0%, and the unused and available portion, according to the terms of the agreement, was $18.8 million.  The Company was in compliance with its various debt covenants as of September 29, 2012.  The agreement requires the Company to maintain a minimum consolidated tangible net worth, computed at each year end, a maximum level of capital expenditures and a minimum ratio of adjusted EBITDA to required debt service payments over any four-quarter period, each of which is calculated in accordance with the agreement:

Covenant Description	Covenant Requirement	Calculated Company Value September 29, 2012
Consolidated Tangible Net Worth	Cannot be less than $37.5 million plus 50% of Net Income For Fiscal Years after 2010, or $45.3 million	$61.2 million
Capital Expenditures	Cannot exceed the greater of $10 million in a year or $10 million plus the prior year $10 million cap less expenditures	$11.9million
Consolidated Leverage Ratio	Cannot exceed 2.75 to 1	0.83:1

The Company believes that existing cash and cash provided by operations, supplemented as appropriate by the Company's borrowing arrangements, will be adequate to finance its foreseeable operating and capital requirements, the stock repurchase plan and contributions to the retirement plans.  Should operating cash flows in 2012 not materialize as projected, the Company has a number of planned alternatives to ensure that it will have sufficient cash to meet its operating needs.  These alternatives include implementation of strict cost controls on discretionary spending and delaying non-critical research and development, capital projects and completion of the stock repurchase plan.

At September 29, 2012, cash and short-term investments available for domestic operations was approximately $8.4 million, while cash held offshore was approximately $12.4 million.

Critical Accounting Policies

There have been no changes to our critical accounting policies and estimates from the information provided in Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations," included in our Form 10-K for the fiscal year ended December 31, 2011.

Forward-Looking Statements

Statements contained herein that are not historical fact are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  In addition, words such as "believes," "anticipates," "expects," “intends,” "will" and similar expressions are intended to identify forward-looking statements, including but not limited to statements related to the availability of sources of cash; anticipated compliance with laws and regulations (including but not limited to environmental laws); and anticipated sufficiency of available working capital.  The Company cautions that a number of important factors could cause the Company's actual results for fiscal 2012 and beyond to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.  Forward-looking statements involve a number of risks and uncertainties.  For a discussion of certain of other of those risks, see "Risk Factors"in Item 1A of the Company's 2011 Annual Report on Form 10-K.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk.

Refer to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 for a complete discussion of the Company's market risk.  There have been no material changes to the market risk information included in the Company's 2011 Annual Report on Form 10-K.

Item 4.  Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our Chief Executive Officer and Chief Financial Officer have evaluated our disclosure controls and procedures as ofSeptember 29, 2012 and have concluded that these disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities and Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms.  These disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports we file or submit is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the first nine months of 2012 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings.

Refer to Item 3 in the Company's Form 10-K Annual Report for the fiscal year ended December 31, 2011 for a complete discussion of the Company's legal proceedings.  No material developments have occurred in the Legal Proceedings described in such Item 3.

The Company is involved in various other litigation and legal matters that have arisen in the ordinary course of business.  To its knowledge, management believes that the ultimate resolution of any of those existing matters will not have a material adverse effect on the Company's consolidated financial position or results of operations.

Item 1A.  Risk Factors.

Refer to Item 1A in the Company's Form 10-K Annual Report for the fiscal year ended December 31, 2011 for a complete discussion of the risk factors which could materially affect the Company's business, financial condition or future results. 

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

Issuer Purchases of Equity Securities:

	TOTAL NUMBER OF SHARES PURCHASED	AVERAGE PRICE PAID PER SHARE	TOTAL NUMBER OF SHARES PURCHASED AS PART OF PUBLICLY ANNOUNCED PLANS OR PROGRAMS	MAXIMUM NUMBER OF SHARES THAT MAY YET BE PURCHASED UNDER THE PLANS OR PROGRAMS
July 1, 2012 - July 28, 2012	2,666	$ 9.80	2,666	822,802
July 29, 2012 - August 25, 2012	26,318	$ 9.70	26,318	796,484
August 26, 2012 - September 29, 2012	40,847	$ 10.15	40,847	755,637
	69,831	$ 9.99	69,831

In 2008, the Company's Board of Directors authorized management to repurchase up to 1.0 million shares of the Company's outstanding Class A common stock, depending on market conditions.  On February 22, 2012, the Company’s Board of Directors authorized a 700,000 share increase to the 2008 program.  Cumulatively, through September 29, 2012, the Company purchased approximately 0.9 million shares under this plan for approximately $5.8 million at an average price per share of $6.10.

Item 3.  Defaults Upon Senior Securities.

None

Item 4.  Mine Safety Disclosures

None

Item 5.  Other Information.

None

Item 6.  Exhibits.

Exhibit 31.1	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Exhibit 31.2	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Exhibit 32	Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
Exhibit 101	Interactive XBRL Data Files

SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	A. T. CROSS COMPANY
Date:  November 7,  2012	By:  DAVID G. WHALEN David G. Whalen Chief Executive Officer
Date:  November 7,  2012	By:  KEVIN F. MAHONEY Kevin F. Mahoney Senior Vice President, Finance and Chief Financial Officer

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, David G. Whalen, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of A.T. Cross Company;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report, based on such evaluation; and
	d)	disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date:  November 7, 2012			DAVID G. WHALEN
			David G. Whalen
			President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Kevin F. Mahoney, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of A.T. Cross Company;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report, based on such evaluation; and
	d)	disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date:November 7, 2012			KEVIN F. MAHONEY
			Kevin F. Mahoney
			Chief Financial Officer

EX-32

Exhibit 32

FORM OF 906 CERTIFICATION

The certification set forth below is being submitted in connection with the Quarterly Report on Form
10-Q for the quarter endedSeptember 29, 2012 (the "Report") for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 (the "Exchange Act") and Section 1350 of Chapter 63 of Title 18 of the United States Code.

David G. Whalen, the Chief Executive Officer and Kevin F. Mahoney, the Chief Financial Officer of A.T. Cross Company, each certifies that, to the best of his knowledge:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Exchange Act; and
2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of A.T. Cross Company.

Date:November 7, 2012	DAVID G. WHALEN
	David G. Whalen
	Chief Executive Officer
	KEVIN F. MAHONEY
	Kevin F. Mahoney
	Chief Financial Officer

XML

Short-Term Investments (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012
Short-Term Investments [Abstract]
Short-term investments	$ 226

XML

Goodwill And Other Intangible Assets (Narrative) (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 29, 2012	Sep. 29, 2012 segment	Oct. 01, 2011	Dec. 31, 2011
Goodwill and Other Intangible Assets [Line Items]
Number of reporting units		2
Carrying value of goodwill	$ 15,279,000	$ 15,279,000		$ 15,279,000
Amortization expense for other intangible assets	200,000	554,000	567,000
Cross Optical Group [Member]
Goodwill and Other Intangible Assets [Line Items]
Carrying value of goodwill	15,279,000	15,279,000		15,279,000
Goodwill expected to be tax deductible	$ 11,900,000	$ 11,900,000		$ 11,900,000

XML

Inventory (Components Of Inventory) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Dec. 31, 2011
Inventory [Abstract]
Finished goods	$ 27,290	$ 23,538
Work in process	4,040	3,967
Raw materials	8,119	8,977
Inventories	$ 39,449	$ 36,482

XML

Financial Instruments (Fair Values Of Financial Assets And Liabilities) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012		Dec. 31, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of financial assets	$ 1,014		$ 10,459
Fair values of financial liabilities	345		200
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of financial assets	931		10,404
Fair values of financial liabilities
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of financial assets	83		55
Fair values of financial liabilities	345		200
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of financial assets
Fair values of financial liabilities
Money Market Funds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of non-derivative financial assets	705	[1]	10,404	[1]
Money Market Funds [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of non-derivative financial assets	705	[1]	10,404	[1]
Money Market Funds [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of non-derivative financial assets		[1]		[1]
Money Market Funds [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of non-derivative financial assets		[1]		[1]
Short-Term Investments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of non-derivative financial assets	226	[2]		[2]
Short-Term Investments [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of non-derivative financial assets	226	[2]		[2]
Short-Term Investments [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of non-derivative financial assets		[2]		[2]
Short-Term Investments [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of non-derivative financial assets		[2]		[2]
Foreign Exchange Contracts [Member] | Derivatives Not Designated As Hedging Instruments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of derivative financial assets	83	[3]	55	[3]
Fair values of derivative financial liabilities	220	[3]	31	[3]
Foreign Exchange Contracts [Member] | Derivatives Not Designated As Hedging Instruments [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of derivative financial assets		[3]		[3]
Fair values of derivative financial liabilities		[3]		[3]
Foreign Exchange Contracts [Member] | Derivatives Not Designated As Hedging Instruments [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of derivative financial assets	83	[3]	55	[3]
Fair values of derivative financial liabilities	220	[3]	31	[3]
Foreign Exchange Contracts [Member] | Derivatives Not Designated As Hedging Instruments [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of derivative financial assets		[3]		[3]
Fair values of derivative financial liabilities		[3]		[3]
Interest Rate Swaps [Member] | Derivatives Designated As Hedging Instruments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of derivative financial liabilities	125	[4]	169	[4]
Interest Rate Swaps [Member] | Derivatives Designated As Hedging Instruments [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of derivative financial liabilities		[4]		[4]
Interest Rate Swaps [Member] | Derivatives Designated As Hedging Instruments [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of derivative financial liabilities	125	[4]	169	[4]
Interest Rate Swaps [Member] | Derivatives Designated As Hedging Instruments [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of derivative financial liabilities		[4]		[4]

[1] Value is based on quoted market prices of identical instruments, fair value is included in cash and cash equivalents

[2] Value is based on quoted market prices of identical instruments

[3] Value is based on the present value of the forward rates less the contract rate multiplied by the notional amount, fair value is included in other current assets or accounts payable, accrued expenses and other liabilities

[4] Value is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve, fair value is included in accounts payable, accrued expenses and other liabilities

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Income Taxes

9 Months Ended

Sep. 29, 2012

Income Taxes [Abstract]

Income Taxes

NOTE C - Income Taxes
In the first nine months of 2012 the effective tax rate was 28.0%.  In the first nine months of 2011 the effective tax rate was 28.8%.

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Warranty Costs (Schedule Of Activity Reflects In Aggregate Accrued Warranty Costs) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Warranty Costs [Abstract]
Accrued Warranty Costs - Beginning of Period	$ 1,887	$ 1,862	$ 1,892	$ 1,998
Warranty costs paid	(67)	(432)	(205)	(572)
Warranty costs accrued	28	588	161	818
Impact of changes in estimates and assumptions				(226)
Accrued Warranty Costs - End of Period	$ 1,848	$ 2,018	$ 1,848	$ 2,018

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Warranty Costs (Narrative) (Details) (USD $) In Millions, unless otherwise specified	Sep. 29, 2012	Dec. 31, 2011
Warranty Costs [Line Items]
Accrued warranty costs, current	$ 0.5	$ 0.5
Mechanical Failure And Defects In Workmanship [Member]
Warranty Costs [Line Items]
Product warranty period	1 year
Timepieces [Member]
Warranty Costs [Line Items]
Product warranty period	2 years

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Line Of Credit (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 29, 2012	Dec. 31, 2011
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility	$ 40.0
Expiration date of credit facility	Jul. 28, 2013
Outstanding balance under credit facility	17.0	21.2
Interest rate of credit facility	2.00%	2.00%
Unused and available portion of credit facility	23.0	18.8
Eurocurrency Loans [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility	10.0
Debt instrument rate, minimum	1.75%
Debt instrument rate, maximum	2.25%
Committed Loans [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility	30.0
Letters Of Credit [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility	$ 7.5
LIBOR [Member]
Line of Credit Facility [Line Items]
Debt instrument rate, minimum	1.75%
Debt instrument rate, maximum	2.25%
Federal Funds Rate [Member]
Line of Credit Facility [Line Items]
Debt instrument rate, minimum	0.25%
Debt instrument rate, maximum	0.75%
Federal Funds Rate [Member] | Committed Loans [Member]
Line of Credit Facility [Line Items]
Basis spread on federal funds rate	0.50%

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Employee Benefit Plans (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 29, 2012
Employee Benefit Plans [Abstract]
Employer contribution to defined benefit pension plans	$ 5.2
Defined benefit pension plans, additional voluntary contribution	2.5
Expected contribution to defined benefit pension plans	6.0
Expected contribution to meet minimum required contributions	3.5
Additional voluntary contribution	2.5
Expected contribution to defined contribution retirement plans	$ 0.9

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Inventory

9 Months Ended

Sep. 29, 2012

Inventory [Abstract]

Inventory

NOTE B - Inventory
During the fourth quarter of 2011, the Company changed its method of accounting for domestic writing instrument inventories from determining cost using the last-in, first-out (“LIFO”) method to determining cost using the first-in, first-out (“FIFO”) method.  All of the Company’s inventories are now valued at the lower of cost, determined using the FIFO method, or market.  The Company believes this change is preferable as it provides uniformity across the Company’s operations with respect to the method for inventory accounting, better reflects the current value of inventories on the Consolidated Balance Sheet and improves comparability with the Company’s peers.

The change in accounting method from LIFO to FIFO for domestic writing instrument inventories has been applied retrospectively by adjusting the financial statement amounts for the prior periods presented to reflect the value of domestic writing instrument inventories on a FIFO basis.  The effect of the change on the condensed consolidated statements of income and the condensed consolidated statement of cash flows for the quarter and nine months ended October 1, 2011, was not significant.

The components of inventory are as follows:

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012		DECEMBER 31, 2011
Finished goods	$	27,290	$	23,538
Work in process		4,040		3,967
Raw materials		8,119		8,977
	$	39,449	$	36,482

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Employee Benefit Plans (Components Of Net Periodic Benefit Cost) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Employee Benefit Plans [Abstract]
Service cost	$ 12	$ 13	$ 37	$ 38
Interest cost	561	554	1,681	1,662
Expected return on plan assets	(578)	(559)	(1,732)	(1,678)
Amortization of unrecognized loss	287	238	863	716
Amortization of prior service cost	3	3	9	9
Net Periodic Benefit Cost	$ 285	$ 249	$ 858	$ 747

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Commitments And Contingencies (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 29, 2012	Jan. 01, 2011
Commitments And Contingencies [Abstract]
Payment on settlement of case		$ 0.2
Additional voluntary contributions to the defined benefit plan by the company	$ 4

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Dec. 31, 2011
Current Assets
Cash and cash equivalents	$ 20,599	$ 25,991
Short-term investments	226
Accounts receivable, gross	30,343	30,130
Allowance for doubtful accounts	(693)	(1,020)
Accounts receivable, net	29,650	29,110
Inventories	39,449	36,482
Deferred income taxes	5,978	4,206
Other current assets	5,914	7,954
Total Current Assets	101,816	103,743
Property, plant and equipment, gross	111,812	107,933
Accumulated depreciation	(97,647)	(94,227)
Property, Plant and Equipment, Net	14,165	13,706
Goodwill	15,279	15,279
Intangibles, Net	8,713	9,002
Deferred Income Taxes	11,325	11,115
Other Assets	1,854	2,570
Total Assets	153,152	155,415
Current Liabilities
Accounts payable, accrued expenses and other liabilities	19,010	19,105
Line of credit	17,000
Accrued compensation and related taxes	6,464	7,509
Retirement plan obligations	2,600	2,508
Income taxes payable	1,299	712
Total Current Liabilities	46,373	29,834
Line of Credit		21,221
Retirement Plan Obligations	17,974	22,636
Deferred Gain on Sale of Real Estate	1,825	2,216
Other Long-Term Liabilities	469	464
Accrued Warranty Costs	1,347	1,391
Commitments and Contingencies (Note L)
Total Liabilities	67,988	77,762
Shareholders' Equity
Additional paid-in capital	30,899	29,178
Retained earnings	98,756	91,518
Accumulated other comprehensive loss	(18,289)	(18,718)
Treasury stock, at cost	(47,176)	(44,843)
Total Shareholders' Equity	85,164	77,653
Total Liabilities and Shareholders' Equity	153,152	155,415
Class A [Member]
Shareholders' Equity
Common stock	19,169	18,713
Class B [Member]
Shareholders' Equity
Common stock	$ 1,805	$ 1,805

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Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011
Cash Provided by (Used in) Operating Activities:
Net Income	$ 7,238	$ 6,369
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	3,813	4,035
Amortization	554	567
Amortization of deferred gain	(391)	(391)
Provision for bad debts	(177)	104
Deferred income taxes	(320)	1,105
Provision for accrued warranty costs	161	592
Warranty costs paid	(205)	(572)
Stock-based compensation and directors' fees	1,076	1,432
Excess tax benefit from stock-based awards	(644)	(839)
Unrealized (gain) loss on short-term investments	(10)	118
Unrealized loss (gain) on foreign exchange contracts	137	(601)
Unrealized foreign currency transaction gain	(71)	(93)
Changes in operating assets and liabilities:
Accounts receivable	337	(54)
Inventories	(2,668)	(9,160)
Other assets	895	(1,008)
Accounts payable	(1,727)	(1,442)
Other liabilities	(3,846)	(3,487)
Net Cash Provided by (Used in) Operating Activities	4,152	(3,325)
Cash Used in Investing Activities:
Purchases of short-term investments	(23,042)	(18,059)
Sales of short-term investments	22,826	20,088
Additions to property, plant and equipment	(4,203)	(3,180)
Additions to trademarks and patents	(265)	(126)
Net Cash Used in Investing Activities	(4,684)	(1,277)
Cash (Used in) Provided by Financing Activities:
Borrowing on long-term debt	3,000	16,300
Repayment of long-term debt	(7,221)	(14,300)
Excess tax benefit from stock-based awards	644	839
Proceeds from sale of Class A common stock, net	320	(247)
Purchase of treasury stock	(2,198)	(1,619)
Net Cash (Used in) Provided by Financing Activities	(5,455)	973
Effect of exchange rate changes on cash and cash equivalents	595	163
Decrease in Cash and Cash Equivalents	(5,392)	(3,466)
Cash and cash equivalents at beginning of period	25,991	16,650
Cash and Cash Equivalents at End of Period	20,599	13,184
SUPPLEMENTAL INFORMATION
Income taxes paid, net	1,490	661
Interest paid	$ 371	$ 526

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Goodwill And Other Intangible Assets (Estimated Future Amortization Expense For Other Intangibles) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012
Goodwill And Other Intangible Assets [Abstract]
2012	$ 188
2013	686
2014	631
2015	234
2016	74
THEREAFTER

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Employee Benefit Plans (Tables)

9 Months Ended

Sep. 29, 2012

Employee Benefit Plans [Abstract]

Components Of Net Periodic Benefit Cost

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Service cost	$	12	$	13	$	37	$	38
Interest cost		561		554		1,681		1,662
Expected return on plan assets		(578)		(559)		(1,732)		(1,678)
Amortization of unrecognized loss		287		238		863		716
Amortization of prior service cost		3		3		9		9
Net Periodic Benefit Cost	$	285	$	249	$	858	$	747

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Financial Instruments (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 29, 2012	Sep. 29, 2012 Foreign Exchange Contracts [Member]	Dec. 31, 2011 Foreign Exchange Contracts [Member]	Sep. 29, 2012 Interest Rate Swaps [Member]	Jan. 01, 2011 Interest Rate Swaps [Member]	Jan. 01, 2011 Forward Interest Rate Swap Agreement [Member]
Derivative [Line Items]
Foreign currency derivatives notional value		$ 19.5	$ 39.4
Notional amount of interest rate swap						15.0
Term of derivative contracts					3 years
Interest rate on portion of the Company's line of credit				1.20%
Amount included as a component of accumulated other comprehensive loss	$ 0.1

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Financial Instruments (Tables)

9 Months Ended

Sep. 29, 2012

Financial Instruments [Abstract]

Fair Values Of Financial Assets And Liabilities

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012								DECEMBER 31, 2011
	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL		LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Assets:
Money market funds (A)	$	705	$	-	$	-	$	705	$	10,404	$	-	$	-	$	10,404
Short-term investments (B)		226		-		-		226		-		-		-		-
Derivatives not designated as
hedging instruments:
Foreign exchange contracts (C)		-		83		-		83		-		55		-		55
	$	931	$	83	$	-	$	1,014	$	10,404	$	55	$	-	$	10,459

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012								DECEMBER 31, 2011
	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL		LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Liabilities
Derivatives designated as
hedging instruments:
Interest rate swaps (D)	$	-	$	125	$	-	$	125	$	-	$	169	$	-	$	169
Derivatives not designated as
hedging instruments:
Foreign exchange contracts (C)		-		220		-		220		-		31		-		31
	$	-	$	345	$	-	$	345	$	-	$	200	$	-	$	200

(A)	Value is based on quoted market prices of identical instruments, fair value is included in cash and cash equivalents
(B)	Value is based on quoted market prices of identical instruments
(C)	Value is based on the present value of the forward rates less the contract rate multiplied by the notional amount, fair value is included in other current assets or accounts payable, accrued expenses and other liabilities
(D)	Value is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve, fair value is included in accounts payable, accrued expenses and other liabilities

Effective Portion Of Pre-Tax Gains (Losses) On Derivative Instruments

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Fair Value / Non-designated Hedges:
Foreign exchange contracts (A)	$	(31)	$	822	$	(137)	$	601
Cash Flow Hedges:
Effective portion recognized in other
comprehensive income:
Interest rate swaps	$	57	$	(1)	$	152	$	174
Effective portion reclassified from other
comprehensive income:
Interest rate swaps (B)	$	(36)	$	(39)	$	(108)	$	(203)

(A)	Included in selling, general and administrative expenses
(B)	Included in interest expense

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Basis Of Presentation

9 Months Ended

Sep. 29, 2012

Basis Of Presentation [Abstract]

Basis Of Presentation

NOTE A - Basis of Presentation
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation
S-X.  Accordingly, they do not include all of the information and footnotes required by US GAAP for financial statements.  The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes.  In the opinion of the Company's management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of items of a normal and recurring nature) necessary to present fairly the financial position as of September 29, 2012, the results of operations and comprehensive income for the three-month and nine-month periods ended September 29, 2012 and October 1, 2011, and the cash flows for the nine-month periods ended September 29, 2012 and October 1, 2011.  The results of operations for the nine-month period ended September 29, 2012 are not necessarily indicative of the results to be expected for the full year.  The Company considers events or transactions that occur after the balance sheet date but before the financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure.  Subsequent events have been evaluated to the date of issuance of these financial statements.  These financial statements should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2011, which includes consolidated financial statements and notes thereto for the years ended December 31, 2011, January 1, 2011 and January 2, 2010.  The Company operates on a 52/53 week fiscal year, ending on the last Saturday closest to December 31, and consists of 13 week fiscal quarters.

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 29, 2012	Dec. 31, 2011
Class A [Member]
Shareholders' Equity
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	19,169,000	18,713,000
Common stock, shares outstanding	11,339,000	11,133,000
Class B [Member]
Shareholders' Equity
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	4,000,000	4,000,000
Common stock, shares issued	1,805,000	1,805,000
Common stock, shares outstanding	1,805,000	1,805,000

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New Accounting Pronouncements

9 Months Ended

Sep. 29, 2012

New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

NOTE K - New Accounting Pronouncements

In September 2011, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) which simplifies how companies test goodwill for impairment.  The ASU permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in the goodwill accounting standard.  The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted.  In July 2012, the FASB issued an ASU which expanded the scope of this valuation testing methodology to include all indefinite-lived assets and is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012.  We do not expect these new ASUs to have a material effect on our financial position, results of operations or cash flows.

In June 2011, the FASB issued ASU No. 2011-05, Comprehensive Income (Topic 220) - Presentation of Comprehensive Income (ASU 2011-05), to require an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of equity.  In December 2011, the FASB issued ASU No. 2011-12, Comprehensive Income (Topic 220) - Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU 2011-05 (ASU 2011-12), which defers the effective date of only those changes in ASU 2011-05 that relate to the presentation of reclassification adjustments.  ASU 2011-05 is effective for us in our first quarter of fiscal 2012 and should be applied retrospectively.  The adoption of ASU 2011-05 and ASU 2011-12 did not have a material impact on our financial position, results of operations or cash flows.

In May 2011, the Financial Accounting Standards Board (FASB) updated the accounting guidance related to fair value measurements. This amendment results in convergence of fair value measurement and disclosure requirements between U.S. GAAP and International Financial Reporting Standards (IFRS).  We complied with this amendment beginning in the first quarter of fiscal 2012.

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Document And Entity Information	9 Months Ended
	Sep. 29, 2012	Oct. 27, 2012 Class A [Member]	Oct. 27, 2012 Class B [Member]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 29, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Trading Symbol	atx
Entity Registrant Name	CROSS A T CO
Entity Central Index Key	0000025793
Current Fiscal Year End Date	--12-29
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		11,293,769	1,804,800

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Commitments And Contingencies

9 Months Ended

Sep. 29, 2012

Commitments And Contingencies [Abstract]

Commitments And Contingencies

NOTE L - Commitments and Contingencies
The Company was named as one of approximately ninety defendants in a contribution suit brought by CCL/Unilever relating to the J.M. Mills Landfill Site (the “Site”), which is part of the Peterson/Puritan Superfund Site in Cumberland, Rhode Island.  These complaints alleged that the Company was liable under the Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA") for contribution for Site investigation costs.  The Company has reached settlement of the case and paid a settlement amount of approximately $0.2 million in 2010.

The Company expects that the Federal Environmental Protection Agency ("EPA") will select a remedy for the Site in 2012.  At that time, the EPA will initiate an administrative process (the "Special Notice Process") pursuant to CERCLA whereby the EPA will request that those entities that the EPA contends arranged for the disposal of hazardous materials at the Site (the PRPs), undertake the selected remedy at the Site.  The EPA contends that the Company is a PRP at the Site.  During the Special Notice Process, the Company and the other PRPs will engage in negotiations with the EPA regarding the remedy, and among themselves regarding the contribution of each PRP to overall remediation costs.  Neither the cost of the remedy nor the identity of all PRPs is known at this time.  Therefore it is not possible to assess the outcome of the Special Notice Process as it may relate to the Company's contribution to remediation costs.

In 2011, the Pension Benefit Guaranty Corporation (“PBGC”) had asserted that it believed the Company had a triggering event under Section 4062(e) of ERISA, which, had such an event occurred, could have led to an acceleration of funding contributions to the Company’s defined benefit plan.  Specifically, during 2010, the PBGC asserted that the Company closed a facility in the USA when it completed the transfer of a significant portion of its manufacturing operations offshore.  The Company maintains that the facility did not close, and therefore no triggering event occurred.  In the third quarter of 2012, the Company received written notice from the PBGC that it will take no further action with respect to this matter.  The Company believes that it has sufficient liquidity to meet any required contributions to the Plan, and in fact, has made additional voluntary contributions of $4 million to the plan since October 2011.

The Company is involved in various other litigation and legal matters that have arisen in the ordinary course of business.  To its knowledge, management believes that the ultimate resolution of any of those existing matters will not have a material adverse effect on the Company's consolidated financial position or results of operations.

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Condensed Consolidated Statements Of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Condensed Consolidated Statements Of Income [Abstract]
Net sales	$ 43,396	$ 43,809	$ 134,149	$ 131,359
Cost of goods sold	20,249	20,300	59,618	57,288
Gross Profit	23,147	23,509	74,531	74,071
Selling, general and administrative expenses	17,699	17,396	55,528	56,069
Service and distribution costs	2,123	2,325	6,338	6,020
Research and development expenses	679	746	2,055	2,024
Operating Income	2,646	3,042	10,610	9,958
Interest income	4	3	14	9
Interest expense	(140)	(168)	(453)	(555)
Other expense	(11)	(492)	(119)	(464)
Interest and Other Expense	(147)	(657)	(558)	(1,010)
Income Before Income Taxes	2,499	2,385	10,052	8,948
Income tax provision	460	440	2,814	2,579
Net Income	$ 2,039	$ 1,945	$ 7,238	$ 6,369
Net Income Per Share:
Basic	$ 0.16	$ 0.16	$ 0.59	$ 0.52
Diluted	$ 0.15	$ 0.15	$ 0.56	$ 0.49
Weighted Average Shares Outstanding:
Denominator for Basic Net Income Per Share	12,729	12,244	12,357	12,183
Effect of dilutive securities	597	796	621	792
Denominator for Diluted Net Income Per Share	13,326	13,040	12,978	12,975

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Line Of Credit

9 Months Ended

Sep. 29, 2012

Line Of Credit [Abstract]

Line Of Credit

NOTE F - Line of Credit

The Company maintains a $40 million revolving line of credit with Bank of America, N.A. (the “Bank”).  Under the line of credit agreement, the Bank agreed to make loans to the Company in an aggregate amount not to exceed $40 million, including up to $10 million equivalent in Eurocurrency loans denominated in pounds sterling or Euro (“Eurocurrency Loans”) and up to $30 million of other committed loans to the Company (“Committed Loans”) at any time.  As part of the aggregate availability, the Bank may also issue up to $7.5 million in letters of credit.  Subject to the limits on availability and the other terms and conditions of this credit agreement, amounts may be borrowed, repaid and reborrowed without penalty.  This credit facility matures and amounts outstanding must be paid by July 28, 2013.

The interest rate for the Committed Loans will be, at the Company's option, either (i) the London Interbank Offered Rate (“LIBOR”) plus an applicable margin or (ii) the higher of the federal funds rate plus 50 basis points or the Bank's prime rate plus an applicable margin.  The interest rate for any Eurocurrency Loans will be an interest settlement rate for deposits in pounds sterling or Euro plus an applicable margin.  The applicable margin for LIBOR and Eurocurrency loans will be an amount between 1.75% and 2.25%, and the applicable margin for federal funds or the Bank's prime rate will be an amount between 0.25% and 0.75%, which will vary from time to time based upon the Company's consolidated leverage ratio.

Under the line of credit agreement, the Company has agreed to comply with certain affirmative and negative covenants.  The most restrictive covenant requires the Company to maintain a maximum ratio of consolidated funded indebtedness to consolidated adjusted EBITDA over any four-quarter period.  The agreement requires the Company to maintain a minimum consolidated tangible net worth, computed at each year end, a maximum level of capital expenditures, each of which is calculated in accordance with the agreement.  Amounts due under the credit agreement are guaranteed by certain domestic and foreign subsidiaries of the Company.  Amounts due are also secured by a pledge of the assets of the Company and those of certain of its domestic subsidiaries.

At September 29, 2012, the outstanding balance of the Company's line of credit was $17.0 million, bearing an interest rate of approximately 2.0%, and the unused and available portion, according to the terms of the agreement, was $23.0 million.  At December 31, 2011, the outstanding balance of the Company's line of credit was $21.2 million, bearing an interest rate of approximately 2.0%, and the unused and available portion, according to the terms of the agreement, was $18.8 million. 

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Warranty Costs

9 Months Ended

Sep. 29, 2012

Warranty Costs [Abstract]

Warranty Costs

NOTE E - Warranty Costs
CAD’s Cross-branded writing instruments are sold with a full warranty of unlimited duration against mechanical failure.  CAD's accessories are sold with a one-year warranty against mechanical failure and defects in workmanship and timepieces are warranted for a period of two years.  Costa and Native sunglasses are sold with a lifetime warranty against defects in materials and workmanship.  Estimated warranty costs are accrued at the time of sale.  The most significant factors in the estimation of warranty cost liabilities include the operating efficiency and related cost of the service department, unit sales and the number of units that are eventually returned for warranty repair.  The current portion of accrued warranty costs was $0.5 million at September 29, 2012 and December 31, 2011, and was recorded in accounts payable, accrued expenses and other liabilities.  The following chart reflects the activity in aggregate accrued warranty costs:

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Accrued Warranty Costs - Beginning of Period	$	1,887	$	1,862	$	1,892	$	1,998
Warranty costs paid		(67)		(432)		(205)		(572)
Warranty costs accrued		28		588		161		818
Impact of changes in estimates and assumptions		-		-		-		(226)
Accrued Warranty Costs - End of Period	$	1,848	$	2,018	$	1,848	$	2,018

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Goodwill And Other Intangible Assets (Tables)

9 Months Ended

Sep. 29, 2012

Goodwill And Other Intangible Assets [Abstract]

Schedule Of Other Intangibles

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012						DECEMBER 31, 2011
	GROSS CARRYING AMOUNT		ACCUMULATED AMORTIZATION		OTHER INTANGIBLES, NET		GROSS CARRYING AMOUNT		ACCUMULATED AMORTIZATION		OTHER INTANGIBLES, NET
Amortized:
Trademarks	$	9,522	$	9,132	$	390	$	9,374	$	8,990	$	384
Patents		3,588		3,297		291		3,471		3,225		246
Customer relationships		3,170		2,038		1,132		3,170		1,698		1,472
	$	16,280	$	14,467	$	1,813	$	16,015	$	13,913	$	2,102
Not Amortized:
Trade names						6,900						6,900
Intangibles, Net					$	8,713					$	9,002

Estimated Future Amortization Expense For Other Intangibles

(THOUSANDS OF DOLLARS)	2012	2013	2014	2015	2016	THEREAFTER
	$     188	$     686	$     631	$     234	$       74	$                    -

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Inventory (Tables)

9 Months Ended

Sep. 29, 2012

Inventory [Abstract]

Components Of Inventory

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012		DECEMBER 31, 2011
Finished goods	$	27,290	$	23,538
Work in process		4,040		3,967
Raw materials		8,119		8,977
	$	39,449	$	36,482

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Financial Instruments

9 Months Ended

Sep. 29, 2012

Financial Instruments [Abstract]

Financial Instruments

NOTE I - Financial Instruments

The Company is exposed to market risks arising from adverse changes in foreign exchange and interest rates.  In the normal course of business, the Company manages these risks through a variety of strategies, including the use of derivatives.  Certain derivatives are designated as cash flow hedges and qualify for hedge accounting treatment, while others do not qualify and are marked to market through earnings.  Gains or losses from derivatives used to manage foreign exchange are classified as selling, general and administrative expenses.

For cash flow hedges, changes in fair value are deferred in accumulated other comprehensive loss within shareholders' equity until the underlying hedged item is recognized in net income.  For fair value hedges, changes in fair value are recognized immediately in earnings, consistent with the underlying hedged item.  Hedging transactions are limited to an underlying exposure.  As a result, any change in the value of the derivative instruments would be substantially offset by an opposite change in the value of the underlying hedged items.  Hedging ineffectiveness and a net earnings impact occur when the change in the value of the hedge does not offset the change in the value of the underlying hedged item.  Ineffectiveness of the Company's hedges is not material.  If the derivative instrument is terminated, the Company continues to defer the related gain or loss and include it as a component of the cost of the underlying hedged item.  Upon determination that the underlying hedged item will not be part of an actual transaction, the Company recognizes the related gain or loss in the statement of income immediately.

The Company also uses derivatives that do not qualify for hedge accounting treatment.  The Company accounts for such derivatives at market value with the resulting gains and losses reflected in the statements of income.

The Company enters into arrangements with one financial institution that it believes is creditworthy and generally settles such arrangements on a net basis.  In addition, the Company performs a quarterly assessment of counterparty credit risk, including a review of credit ratings, credit default swap rates and potential nonperformance of the counterparty.  Based on the most recent quarterly assessment of counterparty credit risk, the Company considers this risk to be low.

Foreign Exchange

The Company enters into derivatives, primarily forward foreign exchange contracts with terms of no more than one year, to manage risk associated with exposure to certain foreign currency denominated balance sheet positions, primarily intercompany accounts receivable.  Gains or losses resulting from the translation of certain foreign currency balance sheet positions are recognized in the statement of income as incurred.  Foreign currency derivatives had a total notional value of $19.5 million as of September 29, 2012 and $39.4 million as of December 31, 2011.  Gains and losses on the derivatives were generally offset by changes in U.S. dollar value of the underlying hedged items.

Interest Rates

In 2010, the Company entered into a forward interest rate swap agreement with an initial notional amount of $15.0 million and a term of three years.  This swap effectively fixes the interest rate on a portion of the Company’s line of credit at approximately 1.2%.  The item being hedged is the first interest payment to be made on $15.0 million of principal expected to occur each month beginning March 31, 2011.  The Company measures hedge ineffectiveness using the “hypothetical” derivative method.  This swap has been designated a cash flow hedge and the effect of the mark-to-market valuation is recorded as an adjustment, net of tax, to accumulated other comprehensive loss.  From inception to September 29, 2012, the effect of the mark-to-market valuation, net of tax, was $0.1 million and was included as a component of accumulated other comprehensive loss.

Fair Value Measurements

The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities.  Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment.  The three levels are defined as follows:

Level 1	Unadjusted quoted prices in active markets for identical assets and liabilities.
Level 2	Observable inputs other than those included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.
Level 3	Unobservable inputs reflecting management's own assumptions about the inputs used in pricing the asset or liability.

The fair values of our financial assets and liabilities are categorized as follows:

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012								DECEMBER 31, 2011
	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL		LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Assets:
Money market funds (A)	$	705	$	-	$	-	$	705	$	10,404	$	-	$	-	$	10,404
Short-term investments (B)		226		-		-		226		-		-		-		-
Derivatives not designated as
hedging instruments:
Foreign exchange contracts (C)		-		83		-		83		-		55		-		55
	$	931	$	83	$	-	$	1,014	$	10,404	$	55	$	-	$	10,459

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012								DECEMBER 31, 2011
	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL		LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
Liabilities
Derivatives designated as
hedging instruments:
Interest rate swaps (D)	$	-	$	125	$	-	$	125	$	-	$	169	$	-	$	169
Derivatives not designated as
hedging instruments:
Foreign exchange contracts (C)		-		220		-		220		-		31		-		31
	$	-	$	345	$	-	$	345	$	-	$	200	$	-	$	200

(A)	Value is based on quoted market prices of identical instruments, fair value is included in cash and cash equivalents
(B)	Value is based on quoted market prices of identical instruments
(C)	Value is based on the present value of the forward rates less the contract rate multiplied by the notional amount, fair value is included in other current assets or accounts payable, accrued expenses and other liabilities
(D)	Value is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve, fair value is included in accounts payable, accrued expenses and other liabilities

Accounts receivable are recorded at net realizable value, which approximates fair value.  Accounts payable, included in accounts payable, accrued expenses and other current liabilities, are recorded at historical cost, which approximates fair value due to the short-term nature of the liabilities.  Line of credit is recorded at historical cost, which approximates fair value since the interest rate varies with prevailing market rates similar to level 2 categorized items.

The effective portion of the pre-tax gains (losses) on our derivative instruments for the three and nine month periods ended September 29, 2012 and October 1, 2011 are categorized in the following table:

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Fair Value / Non-designated Hedges:
Foreign exchange contracts (A)	$	(31)	$	822	$	(137)	$	601
Cash Flow Hedges:
Effective portion recognized in other
comprehensive income:
Interest rate swaps	$	57	$	(1)	$	152	$	174
Effective portion reclassified from other
comprehensive income:
Interest rate swaps (B)	$	(36)	$	(39)	$	(108)	$	(203)

(A)	Included in selling, general and administrative expenses
(B)	Included in interest expense

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Employee Benefit Plans

9 Months Ended

Sep. 29, 2012

Employee Benefit Plans [Abstract]

Employee Benefit Plans

NOTE G - Employee Benefit Plans
The following table illustrates the components of net periodic benefit cost:

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Service cost	$	12	$	13	$	37	$	38
Interest cost		561		554		1,681		1,662
Expected return on plan assets		(578)		(559)		(1,732)		(1,678)
Amortization of unrecognized loss		287		238		863		716
Amortization of prior service cost		3		3		9		9
Net Periodic Benefit Cost	$	285	$	249	$	858	$	747

The Company contributed $5.2 million to its defined benefit pension plans in the first nine months of 2012, $2.5 million of which was an additional voluntary contribution.  The Company expects to contribute $6.0 million to its defined benefit pension plans in 2012, $3.5 million to meet minimum required contributions and the $2.5 million additional voluntary contribution.  Additionally, the Company expects to contribute $0.9 million to its defined contribution retirement plans in 2012.

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Goodwill And Other Intangible Assets

9 Months Ended

Sep. 29, 2012

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

NOTE H - Goodwill and Other Intangible Assets

Goodwill and indefinite-lived intangible assets are not amortized but are subject to annual impairment tests, more frequently if events or circumstances occur that would indicate a potential decline in their fair value.  The Company has identified two reporting units, consisting of the CAD and COG segments.  The Company performs the assessments annually during the fourth quarter or on an interim basis if potential impairment indicators arise.  The fair value of the reporting unit's goodwill is determined using established income and market valuation approaches and the fair value of other indefinite-lived intangible assets, consisting of two COG segment trade names, is determined using a forward relief from royalty method.  For further discussion about impairment analysis, see the "Impairment Analysis" section of Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations," included in our Form 10-K for the fiscal year ended December 31, 2011.

At September 29, 2012 and December 31, 2011, the approximate $15.3 million carrying value of goodwill, $11.9 million of which is expected to be tax deductible, related entirely to the COG segment.  Other intangibles consisted of the following:

(THOUSANDS OF DOLLARS)	SEPTEMBER 29, 2012						DECEMBER 31, 2011
	GROSS CARRYING AMOUNT		ACCUMULATED AMORTIZATION		OTHER INTANGIBLES, NET		GROSS CARRYING AMOUNT		ACCUMULATED AMORTIZATION		OTHER INTANGIBLES, NET
Amortized:
Trademarks	$	9,522	$	9,132	$	390	$	9,374	$	8,990	$	384
Patents		3,588		3,297		291		3,471		3,225		246
Customer relationships		3,170		2,038		1,132		3,170		1,698		1,472
	$	16,280	$	14,467	$	1,813	$	16,015	$	13,913	$	2,102
Not Amortized:
Trade names						6,900						6,900
Intangibles, Net					$	8,713					$	9,002

Amortization expense for the three and nine month periods ended September 29, 2012 was approximately $0.2 million and $0.6 million, respectively.  The estimated future amortization expense for other intangibles remaining as of September 29, 2012 is as follows:

(THOUSANDS OF DOLLARS)	2012	2013	2014	2015	2016	THEREAFTER
	$     188	$     686	$     631	$     234	$       74	$                    -

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Short-Term Investments

9 Months Ended

Sep. 29, 2012

Short-Term Investments [Abstract]

Short-Term Investments

NOTE J - Short-Term Investments

At September 29, 2012, the Company had short-term investments of $0.2 million classified as trading securities.  Realized and unrealized gains or losses on these short-term investments are included in other income.  The amount of unrealized gain on these short-term investments was not material at September 29, 2012.

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Goodwill And Other Intangible Assets (Schedule Of Other Intangibles) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Dec. 31, 2011
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
GROSS CARRYING AMOUNT, Amortized	$ 16,280	$ 16,015
ACCUMULATED AMORTIZATION, Amortized	14,467	13,913
OTHER INTANGIBLES, NET, Amortized	1,813	2,102
OTHER INTANGIBLES, NET	8,713	9,002
Trademarks [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
GROSS CARRYING AMOUNT, Amortized	9,522	9,374
ACCUMULATED AMORTIZATION, Amortized	9,132	8,990
OTHER INTANGIBLES, NET, Amortized	390	384
Patents [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
GROSS CARRYING AMOUNT, Amortized	3,588	3,471
ACCUMULATED AMORTIZATION, Amortized	3,297	3,225
OTHER INTANGIBLES, NET, Amortized	291	246
Customer Relationships [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
GROSS CARRYING AMOUNT, Amortized	3,170	3,170
ACCUMULATED AMORTIZATION, Amortized	2,038	1,698
OTHER INTANGIBLES, NET, Amortized	1,132	1,472
Trade Names [Member]
Finite and Indefinite-lived Intangible Assets by Major Class [Line Items]
OTHER INTANGIBLES, NET, Not Amortized	$ 6,900	$ 6,900

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Warranty Costs (Tables)

9 Months Ended

Sep. 29, 2012

Warranty Costs [Abstract]

Schedule Of Activity Reflects In Aggregate Accrued Warranty Costs

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Accrued Warranty Costs - Beginning of Period	$	1,887	$	1,862	$	1,892	$	1,998
Warranty costs paid		(67)		(432)		(205)		(572)
Warranty costs accrued		28		588		161		818
Impact of changes in estimates and assumptions		-		-		-		(226)
Accrued Warranty Costs - End of Period	$	1,848	$	2,018	$	1,848	$	2,018

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Income Taxes (Details)	9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011
Income Taxes [Abstract]
Percentage of effective tax rate	28.00%	28.80%

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Condensed Consolidated Statements Of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Condensed Consolidated Statements Of Comprehensive Income [Abstract]
Net Income	$ 2,039	$ 1,945	$ 7,238	$ 6,369
Other Comprehensive Income, Net of Tax:
Foreign currency translation adjustments	311	(242)	391	50
Unrealized gain (loss) on interest rate swap, net	13	(25)	28	(18)
Pension liability adjustment, net	(20)	71	10	(1)
Comprehensive Income	$ 2,343	$ 1,749	$ 7,667	$ 6,400

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Segment Information

9 Months Ended

Sep. 29, 2012

Segment Information [Abstract]

Segment Information

NOTE D - Segment Information
The Company has two reportable business segments: Cross Accessory Division ("CAD") and Cross Optical Group ("COG").  The Company evaluates segment performance based upon operating profit or loss.  Following is the segment information for the Company:

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Revenues from External Customers:
CAD	$	23,947	$	25,795	$	67,197	$	71,681
COG		19,449		18,014		66,952		59,678
Total	$	43,396	$	43,809	$	134,149	$	131,359
Depreciation and Amortization:
CAD	$	946	$	1,162	$	3,184	$	3,535
COG		396		388		1,183		1,067
Total	$	1,342	$	1,550	$	4,367	$	4,602
Operating Income (Loss):
CAD	$	182	$	786	$	(980)	$	(63)
COG		2,464		2,256		11,590		10,021
Total	$	2,646	$	3,042	$	10,610	$	9,958
Total Interest and Other Expense:	$	(147)	$	(657)	$	(558)	$	(1,010)
Total Income Before Income Taxes:	$	2,499	$	2,385	$	10,052	$	8,948
Expenditure for Long-Lived Assets:
CAD	$	1,069	$	677	$	2,436	$	1,821
COG		1,389		687		2,032		1,485
Total	$	2,458	$	1,364	$	4,468	$	3,306
					SEPTEMBER 29,		DECEMBER 31,
					2012		2011
Segment Assets:
CAD					$	99,420	$	104,761
COG						53,732		50,654
				Total	$	153,152	$	155,415
Goodwill:
CAD					$	-	$	-
COG						15,279		15,279
				Total	$	15,279	$	15,279

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Segment Information (Schedule Of Segment Information) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012 segment	Oct. 01, 2011	Dec. 31, 2011
Segment Reporting Information [Line Items]
Number of reportable business segments			2
Revenues from External Customers	$ 43,396	$ 43,809	$ 134,149	$ 131,359
Depreciation and Amortization	1,342	1,550	4,367	4,602
Operating Income (Loss)	2,646	3,042	10,610	9,958
Total Interest and Other Expense	(147)	(657)	(558)	(1,010)
Total Income Before Income Taxes	2,499	2,385	10,052	8,948
Expenditure for Long-Lived Assets	2,458	1,364	4,468	3,306
Segment Assets	153,152		153,152		155,415
Goodwill	15,279		15,279		15,279
Cross Accessory Division [Member]
Segment Reporting Information [Line Items]
Revenues from External Customers	23,947	25,795	67,197	71,681
Depreciation and Amortization	946	1,162	3,184	3,535
Operating Income (Loss)	182	786	(980)	(63)
Expenditure for Long-Lived Assets	1,069	677	2,436	1,821
Segment Assets	99,420		99,420		104,761
Cross Optical Group [Member]
Segment Reporting Information [Line Items]
Revenues from External Customers	19,449	18,014	66,952	59,678
Depreciation and Amortization	396	388	1,183	1,067
Operating Income (Loss)	2,464	2,256	11,590	10,021
Expenditure for Long-Lived Assets	1,389	687	2,032	1,485
Segment Assets	53,732		53,732		50,654
Goodwill	$ 15,279		$ 15,279		$ 15,279

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Financial Instruments (Effective Portion Of Pre-Tax Gains (Losses) On Derivative Instruments) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gains (losses) on derivative instruments			$ (137)	$ 601
Fair Value Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Pre-tax gains (losses) on derivative instruments	(31)	822	(137)	601
Cash Flow Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Effective portion recognized in other comprehensive income	57	(1)	152	174
Effective portion reclassified from other comprehensive income	$ (36)	$ (39)	$ (108)	$ (203)

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Segment Information (Tables)

9 Months Ended

Sep. 29, 2012

Segment Information [Abstract]

Schedule Of Segment Information

(THOUSANDS OF DOLLARS)	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 29,		OCTOBER 1,		SEPTEMBER 29,		OCTOBER 1,
	2012		2011		2012		2011
Revenues from External Customers:
CAD	$	23,947	$	25,795	$	67,197	$	71,681
COG		19,449		18,014		66,952		59,678
Total	$	43,396	$	43,809	$	134,149	$	131,359
Depreciation and Amortization:
CAD	$	946	$	1,162	$	3,184	$	3,535
COG		396		388		1,183		1,067
Total	$	1,342	$	1,550	$	4,367	$	4,602
Operating Income (Loss):
CAD	$	182	$	786	$	(980)	$	(63)
COG		2,464		2,256		11,590		10,021
Total	$	2,646	$	3,042	$	10,610	$	9,958
Total Interest and Other Expense:	$	(147)	$	(657)	$	(558)	$	(1,010)
Total Income Before Income Taxes:	$	2,499	$	2,385	$	10,052	$	8,948
Expenditure for Long-Lived Assets:
CAD	$	1,069	$	677	$	2,436	$	1,821
COG		1,389		687		2,032		1,485
Total	$	2,458	$	1,364	$	4,468	$	3,306
					SEPTEMBER 29,		DECEMBER 31,
					2012		2011
Segment Assets:
CAD					$	99,420	$	104,761
COG						53,732		50,654
				Total	$	153,152	$	155,415
Goodwill:
CAD					$	-	$	-
COG						15,279		15,279
				Total	$	15,279	$	15,279