Note 11 - Subsequent events

6 Months Ended

Jul. 03, 2011

Subsequent Events [Text Block]

11. Subsequent events

On August 3, 2011, the Company and its lenders amended the debt agreement to revise the EBITDA covenant for the trailing twelve month period ending June 30, 2012. In the event that the EBITDA covenant for the 2012 fiscal year is not reset in writing by June 30, 2012, a minimum fixed charge coverage ratio covenant is to become applicable.