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Financing Arrangements (Tables)
6 Months Ended
Jul. 02, 2011
Schedule of Long-term Debt Instruments
   
Jul 2, 2011
   
Jan 1, 2011
 
   
(in thousands)
 
             
Senior secured revolving credit line
  $ 300,650     $ 207,250  
Foreign loans
    8,794       6,767  
Total debt
  $ 309,444     $ 214,017  
                 
Less:  Current maturities of long-term debt
    7,033       5,097  
                 
Long-term debt
  $ 302,411     $ 208,920
Carrying Value And Fair Value Of Long Term Debt, Disclosure
The carrying value and estimated aggregate fair value, based primarily on market prices, of debt is as follows (in thousands):
 
   
July 2, 2011
   
January 1, 2011
 
   
Carrying Value
   
Fair Value
   
Carrying Value
   
Fair Value
 
Total debt
  $ 309,444     $ 304,862     $ 214,017     $ 209,808
Schedule of Interest Rate Derivatives
As of July 2, 2011 the company had the following interest rate swaps in effect:

     
Fixed
         
Notional
   
Interest
 
Effective
 
Maturity
 
Amount
   
Rate
 
Date
 
Date
 
 
               
$ 10,000,000       3.460 %
09/08/08
 
09/06/11
 
  25,000,000       3.670 %
11/23/08
 
09/23/11
 
  15,000,000       1.220 %
11/23/09
 
11/23/11
 
  20,000,000       1.800 %
11/23/09
 
11/23/12
 
  20,000,000       1.560 %
03/11/10
 
12/11/12
 
  10,000,000       1.120 %
03/11/10
 
03/11/12
 
  15,000,000       0.950 %
08/06/10
 
12/06/12
 
  25,000,000       1.610 %
02/23/11
 
02/24/14
 
  25,000,000       2.520 %
02/23/11
 
02/23/16