Pre-Production Costs Related to Long-Term Supply Arrangements

9 Months Ended

Sep. 29, 2013

Pre-Production Costs and Deferred Revenue Related to Long-Term Supply Arrangements [Abstract]

PreProductionCostsandDeferredRevenueRelatedtoLongTermSupplyArrangements [Text Block]

Pre-Production Costs Related to Long-Term Supply Arrangements

We incur preproduction engineering and tooling costs related to the products produced for our customers under long-term supply agreements. We amortize the cost of the customer-owned tooling over the expected life of the wheel program on a straight line basis. Also, we defer any reimbursements made to us by our customers and recognize the tooling reimbursement revenue over the same period in which the tooling is in use. Recognized deferred tooling revenues included in net sales in the condensed consolidated income statements totaled $2.3 million and $2.1 million for the thirteen weeks ended September 29, 2013 and September 23, 2012, respectively, and $7.2 million and $6.1 million for the thirty-nine weeks ended September 29, 2013 and September 23, 2012, respectively. The following table summarizes the unamortized customer-owned tooling costs included in our non-current assets, and the deferred tooling revenues included in accrued expenses and other non-current liabilities.

(Dollars in Thousands)	September 29, 2013			December 30, 2012
Unamortized Preproduction Costs
Preproduction costs	$	57,971		$	51,638
Accumulated amortization	(44,253		)	(38,667		)
Net preproduction costs	$	13,718		$	12,971
Deferred Tooling Revenues
Accrued expenses	$	5,821		$	5,688
Other non-current liabilities	2,919			3,443
Total deferred tooling revenues	$	8,740		$	9,131