ACCOUNTS RECEIVABLE

6 Months Ended

Jul. 06, 2013

ACCOUNTS RECEIVABLE [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

Accounts receivable consist of the following:

(In millions)	July 6, 2013			June 30, 2012			December 31, 2012
Trade accounts receivable	$	341.8		$	352.6		$	408.4
Allowances for doubtful accounts, returns, discounts and co-op advertising		(29.5	)		(25.4	)		(27.4	)
	$	312.3		$	327.2		$	381.0

Due to our 25% ownership interest in GRI, GRI is deemed to be a related party.  Included in accounts receivable are amounts due from GRI in the amount of $11.7 million, $17.1 million and $15.6 million at July 6, 2013, June 30, 2012 and December 31, 2012, respectively.  Net revenues from GRI amounted to $23.6 million and $29.4 million for the fiscal six months ended July 6, 2013 and June 30, 2012, respectively.  On April 23, 2009, we converted $10.0 million of the outstanding GRI accounts receivable to a three-year interest-bearing convertible note.  This note was repaid on April 20, 2012.