Fair Value Measurements (Tables)

3 Months Ended

Mar. 30, 2012

Fair Value Measurements [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

	Fair Values as of the First Quarter of Fiscal 2012								Fair Values as of Fiscal Year End 2011
(Dollars in thousands)	Level I		Level II		Level III		Total		Level I		Level II		Level III		Total
Assets
Money market funds(1)	$	3	$	—	$	—	$	3	$	3	$	—	$	—	$	3
Deferred compensation plan assets (2)		11,667		—		—		11,667		10,534		—		—		10,534
Derivative assets (3)		—		554		—		554		—		351		—		351
Total	$	11,670	$	554	$	—	$	12,224	$	10,537	$	351	$	—	$	10,888
Liabilities
Deferred compensation plan liabilities (2)	$	11,667	$	—	$	—	$	11,667	$	10,534	$	—	$	—	$	10,534
Derivative liabilities (3)		—		832		—		832		—		1,968		—		1,968
Contingent consideration liabilities (4)		—		—		5,515		5,515		—		—		4,967		4,967
Total	$	11,667	$	832	$	5,515	$	18,014	$	10,534	$	1,968	$	4,967	$	17,469

(1) These investments are highly liquid investments in money market funds. The fair values are determined using observable quoted prices in active markets. Money market funds are included in Cash and cash equivalents on the Company's Condensed Consolidated Balance Sheets.

(2) The Company maintains a self-directed, non-qualified deferred compensation plan for certain executives and other highly compensated employees. As of the first quarter of fiscal 2012 and fiscal year end 2011 the plan assets and liabilities are invested in actively traded mutual funds and individual stocks valued using observable quoted prices in active markets. Deferred compensation plan assets and liabilities are included in Other non-current assets and Other non-current liabilities on the Company's Condensed Consolidated Balance Sheets.

(3) Derivative assets and liabilities included in Level II primarily represent forward currency exchange contracts. The Company typically enters into these contracts to minimize the short-term impact of foreign currency fluctuations on certain trade and inter-company receivables and payables. The derivatives are not designated as hedging instruments. The fair values are determined using inputs based on observable quoted prices. The fair values are determined using inputs based on observable quoted prices. Derivative assets and liabilities are included in Other current assets and Other current liabilities, respectively, on the Company's Condensed Consolidated Balance Sheets.

(4) The Company has eight contingent consideration arrangements that require it to pay the former owners of certain companies it acquired during fiscal 2011, 2010 and 2009. The undiscounted maximum payment under all eight arrangements is $12.9 million, based on future revenues or gross margins over a 3 year period. The Company estimated the fair value of these liabilities using the expected cash flow approach with inputs being probability-weighted revenue or gross margin projections, as the case may be, and discount rates ranging from 0.07% to 3.5% for the first quarter of fiscal 2012 and 0.06% to 3.5% for fiscal year end 2011. As of the first quarter of fiscal 2012 and fiscal year end 2011, of the total contingent consideration liability, $5.2 million and $4.5 million of the total contingent consideration liabilities was included in Other current liabilities, respectively, and $0.3 million and $0.5 million was included in Other non-current liabilities, respectively, on the Company's Condensed Consolidated Balance Sheets. During the first quarter of fiscal 2012, the Company recognized $0.4 million as a loss in the Company's Condensed Consolidated Statements of Income for changes in fair value of the contingent consideration liabilities.

Additional Fair Value Information Relating To The Company's Financial Instruments Outstanding

As of	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	First Quarter of Fiscal 2012				Fiscal Year End of 2011
(Dollars in thousands)
Assets:
Cash and cash equivalents	$	209,146	$	209,146	$	154,621	$	154,621
Forward foreign currency exchange contracts		554		554		351		351
Liabilities:
Credit facility	$	621,000	$	621,000	$	562,300	$	562,300
Forward foreign currency exchange contracts		832		832		1,968		1,968
Promissory note and other		2,133		2,133		2,136		2,136