Leased Property Under Capital Leases

9 Months Ended

Oct. 02, 2011

Leased Property Under Capital Leases [Abstract]

6. Leased Property Under Capital Leases

Leased property under capital leases was summarized as follows:


	Oct. 2,		Jan. 2,		Oct. 3,		Estimated
In Thousands	2011		2011		2010		Useful Lives

Leased property under capital leases	$	95,509	$	76,877	$	76,877	3-20 years
Less: Accumulated amortization		34,215		30,021		28,848

Leased property under capital leases, net	$	61,294	$	46,856	$	48,029

As of October 2, 2011, real estate represented $61.1 million of the leased property under capital leases and $41.9 million of this real estate is leased from related parties as described in Note 19 to the consolidated financial statements.

In the first quarter of 2011, the Company entered into leases for two sales distribution centers. Each lease has a term of fifteen years with various monthly rental payments. The two leases added $18.6 million, at inception, to the leased property under capital leases balance.

The Company’s outstanding obligations for capital leases were $75.0 million, $59.2 million and $60.2 million as of October 2, 2011, January 2, 2011 and October 3, 2010, respectively.