DEBT

Debt consisted of the following:



(In millions)
	July 2, 2011			January 1, 2011
Prudential Agreement - 5.79 percent	$	150.0		$	150.0
Capital leases	0.2			0.7
Foreign subsidiary debt	16.0			1.8
	166.2			152.5
Less current maturities	(11.8		)	(1.3		)
Long-term debt	$	154.4		$	151.2

During the second quarter, with the acquisition of the 80 percent interest in Impo, the Company acquired $14.1 million of debt. Impo has credit facilities with domestic and international banks, transacting in TL, euro, and U.S. dollar currencies. Under the credit facilities there was the equivalent of approximately $24.0 million of credit available to Impo. Of this $24.0 million, at quarter end Impo had debt outstanding of approximately $14.1 million with interest rates ranging from 3 percent to 12 percent and maturity dates ranging from third quarter 2011 to February 2018.

The estimated fair value of long term debt was $160.0 million and $162.0 million at July 2, 2011 and January 1, 2011, respectively. In the absence of quoted prices in active markets considerable judgment is required in developing estimates of fair value. Estimates are not necessarily indicative of the amounts the Company could realize in a current market transaction. In determining the fair value of its long term debt the Company uses estimates based on rates currently available to the Company for debt with similar terms and remaining maturities.

The following debt payments are expected to be paid in accordance with the following schedule:



(In millions)	Total		Year 1		Year 2		Year 3		Year 4		Year 5		More than 5 years
Debt	$	166.0	$	11.6	$	1.2	$	1.0	$	0.8	$	30.6	$	120.8
Capital leases	0.2		0.2		—		—		—		—		—
	$	166.2	$	11.8	$	1.2	$	1.0	$	0.8	$	30.6	$	120.8