Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 30, 2013

Summary of Significant Accounting Policies

Basis of Consolidation

Basis of Consolidation

The accompanying unaudited Consolidated Financial Statements of AIC have been prepared on the accrual basis of accounting and in accordance with the requirements of the Securities and Exchange Commission (“SEC”) for interim financial reporting. As permitted under these rules, certain footnotes and other financial information that are normally required by accounting principles generally accepted in the United States (“U.S. GAAP”) can be condensed or omitted. The Consolidated Financial Statements included in this document reflect, in the opinion of our management, all adjustments (consisting of only normal recurring adjustments, except as noted elsewhere in the Notes to Consolidated Financial Statements) necessary for fair presentation of the results of operations for the interim periods presented. The following notes should be read in conjunction with the accounting policies and other disclosures in the Notes to the Consolidated Financial Statements incorporated by reference in our Annual Report on Form 10-K for the fiscal year ended December 29, 2012. Revenues, expenses, cash flows, assets and liabilities can and do vary during the year. Therefore, interim results are not necessarily indicative of the results to be expected for the full fiscal year.

Estimates

Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

Fringe Benefits Expenses

Fringe Benefits Expenses

A component of our Cost of revenues and Selling, administrative and other operating costs are employer benefit costs associated with our employees. These benefit expenses include employer taxes, paid time off, group insurance expense (health, dental, life), holiday time and other employer related expenses, referred to in total as “Fringe Benefits Expenses”. We recognize Fringe Benefits Expenses associated with our employees ratably over each of our fiscal quarters during the year based on full year estimates of our employee labor expenses and Fringe Benefits Expenses which most accurately matches expenses with our revenues.