OTHER LIABILITIES

12 Months Ended

Dec. 31, 2011

OTHER LIABILITIES

OTHER LIABILITIES

NOTE 12. OTHER LIABILITIES

        The Company's other liabilities are comprised of the following:

	December 31, 2011		January 1, 2011
Deferred rent	$	10,114,000	$	12,073,000
Deferred income—co-branded credit card program		1,373,000		1,794,000
	$	11,487,000	$	13,867,000

        In fiscal 2011, the Company recognized a net gain of $236,000 from the reversal of deferred rent partially offset by lease termination costs, which were substantially negotiated and paid in December 2011 for stores closed in fiscal 2012. The net gain is included in store operating expenses.