XML 30 R11.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Fair Value Measurements
6 Months Ended
Jul. 10, 2011
Fair Value Measurements [Abstract]  
Fair Value Measurements
Note 4 — Fair Value Measurements
     The following table reflects assets and liabilities that are measured and carried at fair value on a recurring basis as of July 10, 2011 and December 26, 2010:
                                 
    Quoted                    
    Prices in                    
    Active                    
    Markets for     Significant              
    Identical     Other     Significant        
    Asset or     Observable     Unobservable        
    Liability     Inputs     Inputs     Carrying  
(In millions)   (Level 1)     (Level 2)     (Level 3)     Value  
 
 
July 10, 2011
                               
Financial Assets
                               
Cash equivalents
  $ 4.2     $     $     $ 4.2  
Restricted cash (advertising cooperative assets)
    4.3                   4.3  
 
 
Total assets at fair value
  $ 8.5     $     $     $ 8.5  
 
 
Financial Liabilities
                               
Interest rate swap agreement
  $     $ 1.1     $     $ 1.1  
 
Total liabilities at fair value
  $     $ 1.1     $     $ 1.1  
 
 
December 26, 2010
                               
Financial Assets
                               
Cash equivalents
  $ 15.8     $     $     $ 15.8  
Restricted cash (advertising cooperative assets)
    4.3                   4.3  
 
 
Total assets at fair value
  $ 20.1     $     $     $ 20.1  
 
 
Financial Liabilities
                               
Interest rate swap agreement
  $     $ 0.1     $     $ 0.1  
 
 
Total liabilities at fair value
  $     $ 0.1     $     $ 0.1  
 
     At July 10, 2011 and December 26, 2010, the fair value of the Company’s current assets and current liabilities approximates carrying value because of the short-term nature of these instruments. The Company believes the fair value of its credit facilities approximates its carrying value, as management believes the floating rate interest and other terms are commensurate with the credit and interest rate risks involved.