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Line of Credit Agreements
6 Months Ended
Jul. 02, 2011
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]
3. Line of Credit Agreements
 
In November 2008, the Company entered into a settlement with UBS to provide liquidity for the Company’s auction rate securities portfolio then held with a UBS affiliate. As provided for in the settlement, the Company entered into a line of credit from UBS. During the second quarter of fiscal year 2010, the Company liquidated the auction rate securities with a par value of $5.5 million pledged as collateral for the line of credit with UBS. Proceeds from the liquidation were applied first to the $3.7 million outstanding balance of the line of credit as of the date of the transaction. The Company received the remaining $1.8 million in proceeds. Upon liquidation of the relevant auction rate securities, the line of credit with UBS was terminated.


On March 19, 2009, the Company entered into a loan agreement with Citigroup Global Markets, Inc. ("Citigroup") to provide liquidity for the Company's auction rate securities portfolio held with Citigroup. Under the loan agreement, the Company was provided access to a revolving line of credit of up to $2.63 million with its auction rate securities pledged as collateral.  The line of credit was not for any specific term. During the twenty-six weeks ended July 2, 2011, the Company borrowed $2.63 million under the line of credit which was paid down upon liquidation of the Education Funding Capital Education Loan Backed ARS on April 27, 2011. The line of credit was terminated upon disposition of the underlying auction rate securities.  No amounts were borrowed against the line during the thirteen and twenty-six weeks ended July 3, 2010. The borrowings against the line of credit were used to fund short-term liquidity needs.  See Note 2, “Auction Rate Securities” for further information.