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FAIR VALUES (Tables)

6 Months Ended

Jul. 02, 2011

In accordance with the fair value hierarchy described above, the following table shows the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis at July 3, 2010, December 31, 2010 and July 2, 2011.

(In millions)
Description	Classification		Total Value		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
July 3, 2010:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.3	$	8.3	$	-	$	-
Canadian Dollar - U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.2		-		0.2		-
Interest rate swaps	Other long-term assets		2.8		-		2.8		-
Interest rate cap	Other long-term assets		1.3		-		1.3		-
	Total assets	$	12.6	$	8.3	$	4.3	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.3	$	8.3	$	-	$	-
Deferred director fees	Accrued expenses and other current liabilities		1.1		1.1		-		-
Acquisition consideration	Current portion of acquisition consideration payable		10.3		-		-		10.3
5.125% Senior Notes die 2014	Long-term debt		253.8		-		253.8		-
Acquisition consideration	Acquisition consideration payable, net of current portion		194.8		-		-		194.8
	Total liabilities	$	468.3	$	9.4	$	253.8	$	205.1
December 31, 2010:
Rabbi Trust assets	Prepaid expenses and other current assets	$	9.1	$	9.1	$	-	$	-
Interest rate cap	Other long-term assets		1.3		-		1.3		-
	Total assets	$	10.4	$	9.1	$	1.3	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	9.1	$	9.1	$	-	$	-
Canadian Dollar - U.S. Dollar forward contracts	Accrued expenses and other current liabilities		0.5		-		0.5		-
Interest rate swaps	Other long-term liabilities		0.6		-		0.6		-
Deferred director fees	Accrued expenses and other current liabilities		1.2		1.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		14.1		-		-		14.1
5.125% Senior Notes due 2014	Long-term debt		260.0		-		260.0		-
Acquisition consideration	Acquisition consideration payable, net of current portion		199.8		-		-		199.8
	Total liabilities	$	485.3	$	10.3	$	261.1	$	213.9
July 2, 2011:
Rabbi Trust assets	Prepaid expenses and other current assets	$	9.5	$	9.5	$	-	$	-
British Pound - Euro forward contracts	Other current assets		0.1		-		0.1		-
Interest rate swaps	Other long-term assets		5.1		-		5.1		-
Interest rate cap	Other long-term assets		0.6		-		0.6		-
	Total assets	$	15.3	$	9.5	$	5.8	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	9.5	$	9.5	$	-	$	-
Canadian Dollar - U.S. Dollar forward contracts	Accrued expenses and other current liabilities		0.6		-		0.6		-
Acquisition consideration	Current portion of acquisition consideration payable		21.5		-		-		21.5
5.125% Senior Notes due 2014	Long-term debt		261.2		-		261.2		-
Hedged portion of 6.875% Senior Notes due 2019	Long-term debt		154.4		-		154.4		-
Acquisition consideration	Acquisition consideration payable, net of current portion		206.7		-		-		206.7
	Total liabilities	$	653.9	$	9.5	$	416.2	$	228.2

Changes in Level 3 contingent consideration liability

The following table presents the changes in Level 3 contingent consideration liability for the fiscal six months ended July 3, 2010 and July 2, 2011.

(In millions)		Acquisition of Moda			Acquisition of SWH			Total Acquisition Consideration Payable
Beginning balance, January 1, 2010	$	-		$	-		$	-
Acquisition		18.8			181.8			200.6
Payments		-			(0.7	)		(0.7	)
Total adjustments included in earnings		5.1			0.1			5.2
Balance, July 3, 2010	$	23.9		$	181.2		$	205.1
Beginning balance, January 1, 2011	$	22.9		$	191.0		$	213.9
Payments		-			(11.0	)		(11.0	)
Total adjustments included in earnings		(6.5	)		31.8			25.3
Balance, July 2, 2011	$	16.4		$	211.8		$	228.2

Fair value of non-financial assets and liabilities

In accordance with the fair value hierarchy described above, the following table shows the fair value of our non-financial assets and liabilities that were required to be measured at fair value on a nonrecurring basis at July 3, 2010 and July 2, 2011, and the total losses recorded as a result of the remeasurement process.

(In millions)			Fair Value Measurements Using
Description		Carrying Value		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total losses recorded for the fiscal six months
At July 3, 2010:
Property and equipment	$	-	$	-	$	-	$	-	$	2.1
At July 2, 2011:
Property and equipment		-		-		-		-		2.5
Transportation equipment		1.0		0.6		-		-		0.4

Estimated fair values of other financial instruments by balance sheet location

At July 2, 2011, July 3, 2010 and December 31, 2010, the fair values of cash and cash equivalents, receivables and accounts payable approximated their carrying values due to the short-term nature of these instruments. The fair value of the note receivable from GRI approximates the $10.0 million carrying value as it is a variable-rate instrument. The estimated fair values of other financial instruments subject to fair value disclosures, determined based on broker quotes or quoted market prices or exchange rates for the same or similar instruments, and the related carrying amounts are as follows:

(In millions)	July 2, 2011						July 3, 2010				December 31, 2010
	Carrying Amount			Fair Value			Carrying Amount		Fair Value		Carrying Amount			Fair Value
Long-term debt, including current portion	$	825.5		$	749.6		$	503.9	$	447.2	$	510.0		$	459.4
Interest rate swaps, net asset (liability)		5.1			5.1			2.8		2.8		(0.6	)		(0.6	)
Interest rate cap, net asset		0.6			0.6			1.3		1.3		1.3			1.3
Canadian Dollar - U.S. Dollar forward contracts, net asset (liability)		(0.6	)		(0.6	)		0.2		0.2		(0.5	)		(0.5	)
British Pound - Euro forward contracts, net asset		0.1			0.1			-		-		-			-

- Definition

This item represents certain of the disclosures concerning the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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