Supplemental Cash Flow Information

12 Months Ended

Dec. 25, 2011

Supplemental Cash Flow Information [Abstract]

Note 9. SUPPLEMENTAL CASH FLOW INFORMATION

Cash payments in 2011, 2010, and 2009, includes payments for interest of $6.7 million, $3.6 million, and $6.3 million, respectively and also includes income taxes of $17.9 million, $22.4 million, and $8.7 million, respectively.

In January 2011, the Company entered into an agreement to acquire the business of Shore to Shore, through the acquisition of equity and/or assets, which together is a retail apparel and footwear product identification business which designs, manufactures and sells tags and labels, brand protection, and EAS solutions/labels. The acquisition was settled on May 16, 2011 for approximately $78.7 million, net of cash acquired of $1.9 million and the assumption of debt of $4.2 million. The purchase price was funded by $66.7 million of cash from operations and $9.2 million of borrowings under our Senior Secured Credit Facility. The acquisition payment, net of cash acquired, is reflected in the acquisition of businesses line within investing activities on the Consolidated Statement of Cash Flows.

Non-cash investing and financing activities are excluded from the Consolidated Statement of Cash Flows. During the third quarter of 2009 we transferred $5.6 million (HKD 43.0 million) of acquired Brilliant properties and relieved the associated liability to the former Brilliant owner. This transaction was a non-cash transaction and is excluded from our Consolidated Statement of Cash Flows as of December 27, 2009.

Excluded from the Consolidated Statement of Cash Flows for the years ended December 25, 2011, December 26, 2010, and December 27, 2009 are $0.1 million $0.4 million, and $2.8 million, respectively, of new capital lease obligations and related capitalized assets.

Business Acquisitions

(amounts in thousands)	December 25, 2011	December 26, 2010	December 27, 2009
Fair value of tangible assets acquired, less cash acquired	$28,535	$ 33	$ 52,275
Goodwill and identified intangible assets	68,458	467	5,929
Liabilities assumed	(20,270)	—	(32,669)
Payment obligation	(786)	(200)	—
Cash paid for acquisitions	$ 75,937	$ 300	$ 25,535

- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References+ Details