FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

A summary of the company’s interest rate swaps is as follows:

		Twelve Months Ended
	Location	Dec 31, 2011			Jan 1, 2011
		(dollars in thousands)

Fair value	Other liabilities	$	(3,216	)	$	(2,186	)

Amount of gain/(loss) recognized in other comprehensive income	Other comprehensive income	$	(4,045	)	$	(2,504	)

Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	Interest expense	$	(3,019	)	$	(3,277	)

Gain/(loss) recognized in income (ineffective portion)	Other expense	$	(4	)	$	7

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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