DERIVATIVES (Tables)

6 Months Ended

Jul. 06, 2013

Change in interest expense related to interest rate derivatives [Table Text Block]

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							Fiscal Six Months Ended
	July 6, 2013			June 30, 2012				July 6, 2013			June 30, 2012
Interest rate swaps		$	-		$	(0.2	)		$	-		$	1.3
Interest rate cap			-			-				-			0.2
Net (decrease) increase in interest expense		$	-		$	(0.2	)		$	-		$	1.5

Notional Amounts of Foreign Exchange Contracts Outstanding

The notional amounts of our foreign exchange contracts outstanding at July 6, 2013, June 30, 2012 and December 31, 2012 are as follows. For additional information, see "Fair Values."

(In millions)

Notional Amounts

July 6,

2013

June 30,

2012

December 31,

2012

Canadian Dollar – U.S. Dollar forward exchange contracts

US$9.7

US$10.2

US$16.1

British Pound – U.S. Dollar forward exchange contracts

6.0

3.0

6.0

Fair Values of Derivative Instruments

(In millions)	July 6, 2013			June 30, 2012			December 31, 2012
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts	Prepaid expenses and other current assets	$	0.6	Prepaid expenses and other current assets	$	0.1	Prepaid expenses and other current assets	$	0.2
Total derivative assets		$	0.6		$	0.1		$	0.2
Derivatives not designated as hedging instruments
Interest rate cap contract	Other long-term assets	$	-	Other long-term assets	$	-	Other long-term assets	$	-
Foreign exchange contracts	Prepaid expenses and other current assets		0.8	Prepaid expenses and other current assets		0.1			-
Total derivative assets		$	0.8		$	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 Six Months Ended July 6, 2013			Fiscal Six Months Ended June 30, 2012
Interest rate swap contracts	Interest expense		$	-		$	(1.3	)

(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 Six Months Ended July 6, 2013			Fiscal Six Months Ended June 30, 2012			Location of Pretax (Loss) Reclassified from Other Comprehensive Income into Income	Fiscal Six Months Ended July 6, 2013			Fiscal Six Months Ended June 30, 2012
Canadian Dollar – U.S. Dollar forward contracts		$	0.7		$	0.2	Cost of sales		$	0.1		$	(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 Six Months Ended July 6, 2013			Fiscal Six Months Ended June 30, 2012
British Pound – U.S. Dollar forward contracts	Selling, general and administrative expenses		$	0.8		$	(0.2	)