XML 109 R69.htm IDEA: XBRL DOCUMENT v2.4.0.8
Capital and Financing Transactions - Credit Facilities Outstanding (Details) (USD $)
0 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 0 Months Ended
Dec. 31, 2013
Sep. 28, 2012
Jun. 12, 2013
Unsecured Term Loan [Member]
Sep. 28, 2012
Unsecured Term Loan [Member]
Swap
Sep. 28, 2012
Term Loan Swap [Member]
Jun. 12, 2013
Term Loan Swap [Member]
Dec. 31, 2013
PNC Bank [Member]
Working Capital Revolving Credit Facility [Member]
Dec. 31, 2013
Wells Fargo Bank [Member]
Unsecured Revolving Credit Facility [Member]
Sep. 27, 2012
Key Bank [Member]
Unsecured Term Loan [Member]
Sep. 28, 2012
Key Bank [Member]
Unsecured Term Loan [Member]
Swap
Dec. 31, 2013
Key Bank [Member]
Unsecured Term Loan [Member]
Jun. 12, 2013
Wells Fargo [Member]
Term Loan [Member]
Dec. 31, 2013
Wells Fargo [Member]
Term Loan [Member]
Jun. 12, 2013
London Interbank Offered Rate (LIBOR) [Member]
Working Capital Revolving Credit Facility [Member]
Sep. 28, 2012
London Interbank Offered Rate (LIBOR) [Member]
Key Bank [Member]
Unsecured Term Loan [Member]
Jun. 12, 2013
London Interbank Offered Rate (LIBOR) [Member]
Wells Fargo [Member]
Term Loan [Member]
Feb. 10, 2012
Minimum [Member]
Jun. 12, 2013
Minimum [Member]
Unsecured Term Loan [Member]
Sep. 28, 2012
Minimum [Member]
Key Bank [Member]
Unsecured Term Loan [Member]
Jun. 12, 2013
Minimum [Member]
Wells Fargo [Member]
Term Loan [Member]
Feb. 10, 2012
Maximum [Member]
Jun. 12, 2013
Maximum [Member]
Unsecured Term Loan [Member]
Sep. 28, 2012
Maximum [Member]
Key Bank [Member]
Unsecured Term Loan [Member]
Jun. 12, 2013
Maximum [Member]
Wells Fargo [Member]
Term Loan [Member]
Line of Credit Facility [Abstract]                                                
Interest Rate 2.70%       0.70%   0.00% 2.00%   2.20% 2.50% [1]   3.30% [2]   0.70% 1.60%                
Maturity             Mar. 29, 2016 Mar. 29, 2016 Sep. 27, 2017   Sep. 27, 2017 [1]   Jun. 11, 2018 [2]                      
Outstanding Balance $ 303,000,000           $ 0 $ 58,000,000     $ 125,000,000 [1]   $ 120,000,000 [2]                      
Number of interest rate derivatives held       2           2                            
Variable rate basis     LIBOR             LIBOR   LIBOR                        
Basis spread on variable rate (in percent)     1.45%                 1.70%     1.75%   2.50% 1.45% 1.50% 1.45% 3.50% 2.00% 2.25% 2.20%
Term loan facility swap terms (in years)         5 years 0 months 0 days         5 years   5 years   5 years                    
Notional amount   $ 125,000,000     $ 125,000,000 $ 120,000,000.0       $ 125,000,000                            
Period end interest rate (in percent)                         3.30%   2.45%                  
[1] Effective October 1, 2012, the Company executed two floating-to-fixed interest rate swaps associated with the Term Loan Facility totaling $125 million, locking LIBOR at 0.7% for five years. The loan bears interest at LIBOR plus the applicable spread which ranges
[2] Effective June 12, 2013, the Company entered into a new floating-to-fixed interest rate swap associated with a New Term Loan Facility totaling $120 million, locking LIBOR at 1.6% for five years. The loan bears interest at LIBOR plus the applicable spread which ranges between 145 to 220 basis points based on overall Company leverage. The current spread associated with the loan is 1.7% resulting in an all-in rate of 3.3%.