Note 14 - Comprehensive Loss

6 Months Ended

Jul. 01, 2011

Comprehensive Income (Loss) Note [Text Block]

14. Comprehensive Loss

The Company's comprehensive loss, net of taxes, which consisted of net income (loss) and the changes in net unrealized loss on marketable securities net of taxes, and foreign currency translation adjustments, net of taxes, was as follows:

	Three-Month Period Ended					Six-Month Period Ended
	July 1, 2011		July 2, 2010			July 1, 2011			July 2, 2010
	(in thousands)
Net foreign currency translation adjustment, net of taxes
Foreign currency translation adjustment, net of taxes	$	7	$	(67	)	$	159		$	(445	)
Release of currency translation gainsm, net of taxes		-		-			(2,542	)		-
Total		7		(67	)		(2,383	)		(445	)
Net income (loss)		5,280		(9,130	)		7,097			(16,103	)
Net unrealized gain (loss) on marketable securities, net of taxes		858		(72	)		76			(372	)
Comprehensive loss, net of taxes	$	6,145	$	(9,269	)	$	4,790		$	(16,920	)

The Company has considered all available evidence and determined that the marketable securities in which unrealized losses were recorded in the three-month and six-month periods ended July 1, 2011 and July 2, 2010 were not deemed to be other-than-temporary. The Company holds its marketable securities as available-for-sale and marks them to market.  The Company expects to realize the full value of all its marketable securities upon maturity or sale, as the Company has the intent and ability to hold the securities until the full value is realized. However, the Company cannot provide any assurance that its invested cash, cash equivalents and marketable securities will not be impacted by adverse conditions in the financial markets, which may require the Company to record an impairment charge that could adversely impact its financial results.

The components of accumulated other comprehensive income (loss), net of taxes, at July 1, 2011 and December 31, 2010 were as follows:

	July 1, 2011		December 31, 2010
	(in thousands)
Net unrealized gain on marketable securities, net of taxes	$	435	$	364
Foreign currency translation, net of taxes		119		2,497
Accumulated other comprehensive income, net of taxes	$	554	$	2,861