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INVENTORIES

12 Months Ended

Jan. 01, 2012

NOTE 5. INVENTORIES

Inventories consist of the following (in millions):

	January 1, 2012		January 2, 2011

Raw materials	$	107.9	$	107.6
Subassemblies-in-process		6.7		6.3
Finished goods		45.9		38.4

	$	160.5	$	152.3

The Company looks at historical and projected usage for inventory in determining what is excess and obsolete. The methodology for forecasting demand may be modified depending on specific product lifecycles and local circumstances. Any inventory in excess of this demand is written off. During the years ended January 1, 2012, January 2, 2011 and January 3, 2010, the Company wrote off $6.7 million, $11.1 million and $13.3 million, respectively, related to excess and obsolete inventory and other inventory adjustments, and recorded the charges as costs of goods sold.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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