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Fair Value of Financial Instruments
6 Months Ended
Jul. 02, 2011
Fair Value of Financial Instruments [Abstract]  
Fair Value of Financial Instruments
3. Fair Value of Financial Instruments
The carrying values of financial instruments, including accounts receivable, cash equivalents, accounts payable and other accrued liabilities, approximate their fair values due to their short-term maturities. The carrying amount of the 8 1/8% Senior Secured Notes was $210.0 million at each of July 2, 2011 and December 31, 2010. The estimated fair value of the 8 1/8% Senior Secured Notes at July 2, 2011 and December 31, 2010 was $226.8 million and $221.0 million, respectively, based on quoted market prices for such notes (level 1).
The carrying amount of the 2.75% Convertible Senior Notes was $85.0 million at July 2, 2011. The estimated fair value of the 2.75% Convertible Senior Notes at July 2, 2011, was $97.1 million, based on quoted market prices for such notes (level 1).
Included in cash and cash equivalents as of July 2, 2011 and December 31, 2010 are money market fund investments of $55.1 million and $34.0 million, respectively, which are reported at fair value based on quoted market prices for such investments (level 1).