FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Long-term Debt Instruments

The following is a summary of long-term debt at December 31, 2011 and January 1, 2011:

	2011		2010
	(dollars in thousands)
Senior secured revolving credit line	$	309,400	$	207,250
Foreign loans		7,935		6,767
Total debt	$	317,335	$	214,017
Less current maturities of long-term debt		315,831		5,097
Long-term debt	$	1,504	$	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 (dollars in thousands):

	December 31, 2011				January 1, 2011
	Carrying Value		Fair Value		Carrying Value		Fair Value
Total debt	$	317,335	$	315,749	$	214,017	$	209,808

Schedule of Interest Rate Derivatives

As of December 31, 2011, the company had the following interest rate swaps in effect:

		Fixed
Notional		Interest			Effective		Maturity
Amount		Rate			Date		Date
$	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
	25,000,000		0.975	%		07/18/11		07/18/14
	15,000,000		1.185	%		09/12/11		09/12/16
	15,000,000		0.620	%		09/12/11		09/11/14

Schedule of Maturities of Long-term Debt

The aggregate amount of debt payable during each of the next five years is as follows:

	(in thousands)
2012	$	315,831
2013		115
2014		119
2015		125
2016 and thereafter		1,145
	$	317,335