DERIVATIVES (Tables)

3 Months Ended

Apr. 06, 2013

DERIVATIVES [Abstract]

Change in Interest Expense Related to Derivatives

We recorded net increases in interest expense related to the ineffectiveness of the swaps and the changes in the fair value of the cap as follows.

(In millions)	Fiscal Quarter Ended
	April 6, 2013			March 31, 2012
Interest rate swaps		$	-		$	1.5
Interest rate cap			-			0.1
Net increase in interest expense		$	-		$	1.6

Notional Amounts of Foreign Exchange Contracts Outstanding

The notional amounts of our foreign exchange contracts outstanding at April 6, 2013, March 31, 2012 and December 31, 2012 are as follows.  For additional information, see "Fair Values."

(In millions)	Notional Amounts
	April 6, 2013			March 31, 2012		December 31, 2012
Canadian Dollar – U.S. Dollar forward exchange contracts	US$12.1			US$15.2		US$16.1
British Pound – U.S. Dollar forward exchange contracts		£	6.0		-		£	6.0

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

(In millions)	April 6, 2013			March 31, 2012			December 31, 2012
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate swap contracts		$	-	Other long-term assets	$	5.9		$	-
Foreign exchange contracts	Prepaid expenses and other current assets		0.4			-	Prepaid expenses and other current assets		0.2
Total derivative assets		$	0.4		$	5.9		$	0.2
Interest rate swap contracts				Other long-term liabilities	$	0.3
Foreign exchange contracts				Accrued expenses and other current liabilities		0.1
Total derivative liabilities					$	0.4
Derivatives not designated as hedging instruments
Interest rate cap contract	Other long-term assets	$	-	Other long-term assets	$	0.1	Other long-term assets	$	-
Foreign exchange contracts	Prepaid expenses and other current assets		0.5			-			-
Total derivative assets		$	0.5		$	0.1		$	-

Effect of Derivatives on the Statement of Operations

Effect of Derivatives on the Statement of Operations - Derivatives Designated as Hedging Instruments

(In millions)		Amount of Pretax (Loss) due to Ineffectiveness Recognized in Income
Derivative type	Location of Pretax (Loss) due to Ineffectiveness Recognized in Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Interest rate swap contracts	Interest expense		$	-		$	(1.5	)

(In millions)	Amount of Pretax Gain (Loss) Recognized in Other Comprehensive Income								Amount of Pretax Gain (Loss) Reclassified from Other Comprehensive Income into Income
Derivative type	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012				Location of Pretax (Loss) Reclassified from Other Comprehensive Income into Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Canadian Dollar – U.S. Dollar forward contracts		$	0.2		$	(0.1	)	Cost of sales		$	0.1		$	-

Effect of Derivatives on the Statement of Operations - Derivatives Not Designated as Hedging Instruments

(In millions)		Amount of Pretax Gain (Loss) Recognized in Income
Derivative type	Location of Pretax Gain (Loss) Recognized in Income	Fiscal Quarter Ended April 6, 2013			Fiscal Quarter Ended March 31, 2012
Interest rate cap contract	Interest expense		$	-		$	(0.1	)
British Pound – U.S. Dollar forward contracts	Selling, general and administrative expenses			0.5			-