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Financing Arrangements (Tables)
12 Months Ended
Dec. 29, 2012
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following is a summary of long-term debt at December 29, 2012 and December 31, 2011:
 
 
2012
 
2011
 
(dollars in thousands)
Senior secured revolving credit line
$
256,500

 
$
309,400

Foreign loans
3,220

 
7,935

Other debt arrangement
350

 
$

Total debt
$
260,070

 
$
317,335

 
 
 
 
Less current maturities of long-term debt
1,850

 
315,831

 
 
 
 
Long-term debt
$
258,220

 
$
1,504

Carrying Value And Fair Value Of Long Term Debt, Disclosure
The carrying value and estimated aggregate fair value, a level 2 measurement, based primarily on market prices, of debt is as follows (in thousands):

 
 
December 29, 2012
 
December 31, 2011
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Total debt
$
260,070

 
$
260,070

 
$
317,335

 
$
315,749

Schedule of Interest Rate Derivatives
As of December 29, 2012, the company had the following interest rate swaps in effect:
 
 
 
Fixed
 
 
 
 
Notional
 
Interest
 
Effective
 
Maturity
Amount
 
Rate
 
Date
 
Date
$
25,000,000

 
1.610
%
 
2/23/2011
 
2/24/2014
25,000,000

 
2.520
%
 
2/23/2011
 
2/23/2016
25,000,000

 
0.975
%
 
7/18/2011
 
7/18/2014
15,000,000

 
1.185
%
 
9/12/2011
 
9/12/2016
15,000,000

 
0.620
%
 
9/12/2011
 
9/11/2014
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)
2013
$
1,850

2014
444

2015
124

2016
124

2017 and thereafter
257,528

 
 

 
$
260,070