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Supplemental Cash Flow Information
6 Months Ended
Jun. 24, 2012
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information
SUPPLEMENTAL CASH FLOW INFORMATION

Cash payments for interest and income taxes for the six months ended June 24, 2012 and June 26, 2011 were as follows:
(amounts in thousands)
 
 
 
Six months ended
June 24,
2012

 
June 26,
2011

Interest
$
3,273

 
$
2,895

Income tax payments
$
3,659

 
$
4,819



In January 2011, the Company entered into an agreement to acquire the Shore to Shore businesses, 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 (with $27.8 million paid in the third quarter of 2011) 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.