Fiscal Year Change

6 Months Ended

Jul. 02, 2011

Fiscal Year Change

Fiscal Year Change

2. Fiscal Year Change

        On December 17, 2010, the Company's Board of Directors approved a change in the Company's fiscal year end from the last Saturday in November to the Saturday nearest December 31 of each year. The fiscal year change is effective beginning with the 2011 fiscal year, which began January 2, 2011 and will end December 31, 2011. As a result of the change, the Company had a five-week transition period which began November 28, 2010 and ended January 1, 2011. The audited results of the five-week transition period were presented in the Company's Annual Report on Form 10-K that was filed on February 10, 2011.

        The fiscal year change was not effective until after the completion of the 2010 fiscal year. Therefore, the prior year comparative financial and other information reported in the financial statements herein continue to be presented based on the Company's prior fiscal year end calendar. The Company has not prepared financial information for the thirteen and twenty-six weeks ended July 3, 2010 in this Form 10-Q because the information is not practical or cost beneficial to prepare. The Company's results for the second quarter of fiscal 2011, which was the thirteen-week period ended July 2, 2011, are compared to its results for the second quarter of fiscal 2010, which was the twelve-week period ended May 14, 2010; and the Company's results for the fiscal year to date period ended July 2, 2011, which was a twenty-six week period, are compared to its results for the fiscal year to date period ended May 14, 2010, which was a twenty-four week period. The comparisons are affected by the inclusion of thirteen and twenty-six weeks in the second quarter and fiscal year to date period of fiscal 2011, respectively, versus twelve weeks and twenty-four weeks in the second quarter and fiscal year to date period of fiscal 2010, respectively.