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Credit Facility
6 Months Ended
Jun. 28, 2011
Credit Facility [Abstract]  
Credit Facility
Note 8. Credit Facility
The Company and certain of its direct and indirect subsidiaries, as guarantors, are parties to an amended and restated credit agreement (the “Amended and Restated Credit Agreement”) with Bank of America, N.A. and other lenders party thereto, which provides for a secured revolving credit facility of $250.0 million to be used for general corporate purposes, including working capital, capital expenditures, permitted acquisitions, and share repurchases. The Amended and Restated Credit Agreement, which is collateralized by the capital stock of the Company’s present and future material subsidiaries, will become due on March 7, 2013, subject to acceleration upon certain specified events of default.
As of June 28, 2011 and December 28, 2010, the Company had no balance outstanding under the Amended and Restated Credit Agreement. The Company incurred $0.1 million of commitment fees for each of the thirteen weeks ended June 28, 2011 and June 29, 2010 and $0.3 million and $0.2 million for the twenty-six weeks ended June 28, 2011 and June 29, 2010, respectively. Accrued interest related to the commitment fees was $0.1 million at both June 28, 2011 and December 28, 2010. As of June 28, 2011, the Company was in compliance with all covenants included in the Amended and Restated Credit Agreement.