Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Dec. 31, 2011

Derivative Instruments and Hedging Activities [Abstract]

Fair value of outstanding designated and undesignated derivative assets and liabilities

The fair value of the Company's outstanding designated and undesignated derivative assets and liabilities are reported in the December 31, 2011 and October 1, 2011 Consolidated Balance Sheet as follows:

	December 31, 2011
	Prepaid Expenses and Other Current Assets		Other Accrued Liabilities
Designated hedge derivatives:	(expressed in thousands)
Foreign exchange cash flow hedges	$	584	$	214
Interest rate swaps		-		427
Total designated hedge derivatives		584		641
Derivatives not designated as hedges:
Foreign exchange balance sheet derivatives		26		-
Total hedge and other derivatives	$	610	$	641

	October 1, 2011
	Prepaid Expenses and Other Current Assets		Other Accrued Liabilities
Designated hedge derivatives:	(expressed in thousands)
Foreign exchange cash flow hedges	$	746	$	1,041
Interest rate swaps		-		617
Total designated hedge derivatives		746		1,658
Derivatives not designated as hedges:
Foreign exchange balance sheet derivatives		222		-
Total hedge and other derivatives	$	968	$	1,658

Pretax amounts recognized in Accumulated Other Comprehensive Income on currency contracts

The pretax amounts recognized in AOCI on currency exchange contracts for the three-month fiscal periods ended December 31, 2011 and January 1, 2011, including gains (losses) reclassified into earnings in the Consolidated Statements of Income and gains (losses) recognized in other comprehensive income (“OCI”), are as follows:

	Three Fiscal Months Ended
	December, 31			January, 1
	2011			2011
	(expressed in thousands)
Beginning unrealized net loss in AOCI	$	(365	)	$	(384	)
Net loss reclassified into Revenue (effective portion)		402			159
Net loss reclassified into Revenue upon the removal of a hedge designation on an underlying foreign currency transaction that was cancelled		-			7
Net loss recognized in OCI (effective portion)		377			(51	)
Ending unrealized net gain (loss) in AOCI	$	414		$	(269	)

Contractual maturities of interest rate hedging relationships

The following table shows the contractual maturities of the interest rate hedging relationships at December 31, 2011:

Interest Rate Swaps:
Start Date	End Date	Notional  Amount		Reference Rate			Basis Spread
		(in millions)
July 25, 2008	July 25, 2012	$	13.0		4.24	%		0.45	%
December 7, 2011	September 7, 2012		11.0		1.02	%		0.45	%
December 20, 2011	September 20, 2012		6.0		1.06	%		0.45	%
December 29, 2011	September 28, 2012		10.0		1.08	%		0.45	%
	Total	$	40.0

Pre-tax amounts recognized in Accumulated Other Comprehensive Income on interest rate swaps

The pretax amounts recognized in AOCI on interest rate swaps and forward interest rate swaps for the three-month fiscal periods ended December 31, 2011 and January 1, 2011 are as follows:

	Three Fiscal Months Ended
	December, 31 2011			January, 1 2011
	(expressed in thousands)
Beginning unrealized net loss in AOCI	$	(617	)	$	(1,406	)
Net loss reclassified into Interest expense (effective portion)		176			297
Net gain (loss) recognized in OCI (effective portion)		14			8
Ending unrealized net loss in AOCI	$	(427	)	$	(1,101	)

Net gains (losses) recognized in income for derivative contracts

The net gains (losses) recognized in the Consolidated Statements of Income on balance sheet currency exchange derivative contracts for the three-month fiscal periods ended December 31, 2011 and January 1, 2011 are as follows:

	Three Fiscal Months Ended
	December, 31 2011			January, 1 2011
	(expressed in thousands)
Net (loss) gain recognized in Other (expense) income, net	$	(6	)	$	129