FAIR VALUES (Tables)

3 Months Ended

Mar. 31, 2012

FAIR VALUES [Abstract]

Fair value of financial instruments

        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 April 2, 2011, December 31, 2011 and March 31, 2012.

(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)
April 2, 2011:
Rabbi Trust assets	Prepaid expenses and other current assets	$	9.6	$	9.6	$	-	$	-
Interest rate cap	Other long-term assets		1.2		-		1.2		-
	Total assets	$	10.8	$	9.6	$	1.2	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	9.6	$	9.6	$	-	$	-
Canadian Dollar - U.S. Dollar forward contracts	Accrued expenses and other current liabilities		0.8		-		0.8		-
Interest rate swaps	Other long-term liabilities		2.4		-		2.4		-
Deferred director fees	Accrued expenses and other current liabilities		1.1		1.1		-		-
Acquisition consideration	Current portion of acquisition consideration payable		21.9		-		-		21.9
5.125% Senior Notes due 2014	Long-term debt		258.4		-		258.4		-
Hedged portion of 6.875% Senior Notes due 2019	Long-term debt		151.3		-		151.3		-
Acquisition consideration	Acquisition consideration payable, net of current portion		192.0		-		-		192.0
	Total liabilities	$	637.5	$	10.7	$	412.9	$	213.9
December 31, 2011:
Rabbi Trust assets	Prepaid expenses and other current assets	$	7.5	$	7.5	$	-	$	-
Interest rate swaps	Other long-term assets		5.5		-		5.5		-
Interest rate cap	Other long-term assets		0.2		-		0.2		-
Canadian Dollar - U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.1		-		0.1		-
	Total assets	$	13.3	$	7.5	$	5.8	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	7.5	$	7.5	$	-	$	-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		192.7		-		-		192.7
5.125% Senior Notes due 2014	Long-term debt		263.0		-		263.0		-
Acquisition consideration	Acquisition consideration payable, net of current portion		17.7		-		-		17.7
	Total liabilities	$	481.1	$	7.7	$	263.0	$	210.4
March 31, 2012:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.5	$	8.5	$	-	$	-
Interest rate swaps	Other long-term assets		5.9		-		5.9		-
Interest rate cap	Other long-term assets		0.1		-		0.1		-
	Total assets	$	14.5	$	8.5	$	6.0	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.5	$	8.5	$	-	$	-
Interest rate swaps	Other long-term liabilities		0.3		-		0.3		-
Canadian Dollar - U.S. Dollar forward contracts	Accrued expenses and other current liabilities		0.1		-		0.1		-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		226.9		-		-		226.9
5.125% Senior Notes due 2014	Long-term debt		262.6		-		262.6		-
Hedged portion of 6.875% Senior Notes due 2019	Long-term debt		151.3		-		151.3		-
Acquisition consideration	Acquisition consideration payable, net of current portion		5.8		-		-		5.8
	Total liabilities	$	655.7	$	8.7	$	414.3	$	232.7

Changes in Level 3 contingent consideration liability

        The following table presents the changes in Level 3 contingent consideration liability for the fiscal three months ended April 2, 2011 and March 31, 2012.

(In millions)		Acquisition of Moda			Acquisition of SWH			Total Acquisition Consideration Payable
Beginning balance, January 1, 2011	$	22.9		$	191.0		$	213.9
Payments		-			(8.7	)		(8.7	)
Total adjustments included in earnings		(0.2	)		8.9			8.7
Balance, April 2, 2011	$	22.7		$	191.2		$	213.9
Beginning balance, January 1, 2012	$	14.8		$	195.6		$	210.4
Payments		-			(2.3	)		(2.3	)
Total adjustments included in earnings		(3.1	)		27.7			24.6
Balance, March 31, 2012	$	11.7		$	221.0		$	232.7

Quantitative information about Level 3 contingent consideration liability measurements

        The following table represents quantitative information about the Level 3 contingent consideration liability measurements at March 31, 2012.

(In millions)		Fair Value at March 31, 2012	Valuation technique	Unobservable inputs	Range (Weighted Average)
Acquisition of Moda	$	11.7	Discounted projection of financial results	Net sales growth	-31% - +26% (7.4%)
				Gross margin multiplier	1.75 - 1.50 (1.71)
				Discount rate	11.7%
Acquisition of SWH	$	221.0	Discounted projection of financial results and future cash flow	EBITDA (1) growth	-15% - +26% (5.5%)
				EBITDA (1) multiplier	8.0 - 9.0 (8.5)
				Discount rate	11.7%

(1) - Adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") as defined in the acquisition agreement.

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 April 2, 2011 and March 31, 2012, 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 three months
At April 2, 2011:
Property and equipment	$	-	$	-	$	-	$	-	$	1.2
Transportation equipment		0.6		0.6		-		-		0.4
At March 31, 2012:
Property and equipment		-		-		-		-		0.4

Estimated fair values of other financial instruments by balance sheet location

        At March 31, 2012, April 2, 2011 and December 31, 2011, 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 estimated fair values of other financial instruments subject to fair value disclosures were valued using market comparable inputs. These inputs include broker quotes, quoted market prices, interest rates and exchange rates for the same or similar instruments. The fair value and related carrying amounts for items not disclosed elsewhere are as follows:

(In millions)	March 31, 2012					April 2, 2011				December 31, 2011
	Fair Value Level	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes, including hedged items recorded at fair value	1	$	822.4	$	750.2	$	809.4	$	749.9	$	821.7	$	692.6
Other long-term debt, including current portion	2		10.1		9.0		0.3		0.3		9.8		8.2
Note receivable from GRI	2		10.0		10.0		10.0		10.0		10.0		10.0
Other notes receivable	2		1.7		1.5		-		-		-		-