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Leased Property under Capital Leases
6 Months Ended
Jul. 01, 2012
Leased Property under Capital Leases [Abstract]  
Leased Property under Capital Leases
6. Leased Property Under Capital Leases

 

Leased property under capital leases was summarized as follows:

 

                                 
    July 1,     Jan. 1,     July 3,     Estimated  

In Thousands

  2012     2012     2011     Useful Lives  

Leased property under capital leases

  $ 94,180     $ 95,509     $ 95,521       3-20 years  

Less: Accumulated amortization

    37,128       35,705       32,725          
   

 

 

   

 

 

   

 

 

         

Leased property under capital leases, net

  $ 57,052     $ 59,804     $ 62,796          
   

 

 

   

 

 

   

 

 

         

As of July 1, 2012, real estate represented $56.8 million of the leased property under capital leases and $38.7 million of this real estate is leased from related parties as described in Note 19 to the consolidated financial statements.

The Company’s outstanding obligations for capital leases were $72.0 million, $74.1 million and $76.0 million as of July 1, 2012, January 1, 2012 and July 3, 2011, respectively.