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Fair Value of Financial Instruments
9 Months Ended
Oct. 01, 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 (the “Senior Secured Notes”) was $201.8 million and $210.0 million at October 1, 2011 and December 31, 2010, respectively. The estimated fair value of the Senior Secured Notes at October 1, 2011 and December 31, 2010 was $205.8 million and $221.0 million, respectively, based on quoted market prices for such notes (level 1).
The carrying amount of the 2.75% Convertible Notes (the “Convertible Notes”) was $85.0 million at October 1, 2011. The estimated fair value of the Convertible Notes (the at October 1, 2011, was $67.3 million, based on quoted market prices for such notes (level 1).
Included in cash and cash equivalents as of October 1, 2011 and December 31, 2010 are money market fund investments of $52.7 million and $34.0 million, respectively, which are reported at fair value based on quoted market prices for such investments (level 1).