SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (10-Q) (Tables)

9 Months Ended

12 Months Ended

Sep. 29, 2012

Dec. 31, 2011

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Summary of fair value liabilities

The hierarchy requires the use of observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. The Company's population of recurring financial assets and liabilities subject to fair value measurements and the necessary disclosures are as follows:

							Significant
(Amounts in thousands)							Other		Significant
			Fair		Quoted Prices		Observable		Unobservable
	Carrying		Value		in Active Markets		Inputs		Inputs
	Value *		Total		(Level 1)		(Level 2)		(Level 3)
As of September 29, 2012
Liabilities:
Senior Unsecured Notes-9.375%	$	160,000	$	160,800	$	160,800	$	-	$	-
Senior Secured Notes-8.25%		840,000		876,750		876,750		-		-
	$	1,000,000	$	1,037,550	$	1,037,550	$	-	$	-
As of December 31, 2011
Liabilities:
Senior Subordinated Notes-13.125%	$	150,000	$	132,188	$	132,188	$	-	$	-
Senior Secured Notes-8.25%		800,000		697,000		697,000		-		-
	$	950,000	$	829,188	$	829,188	$	-	$	-

*Carrying values exclude unamortized discounts for long-term debt.

The hierarchy requires the use of observable market data, when available, and to minimize the use of unobservable inputs when determining fair value.  The Company's population of recurring financial assets and liabilities subject to fair value measurements and the necessary disclosures are as follows:

					Quoted Prices		Significant
					in Active Markets		Other		Significant
(Amounts in thousands)			Fair		for Identical		Observable		Unobservable
	Carrying		Value		Assets		Inputs		Inputs
Description	Value		Total		(Level 1)		(Level 2)		(Level 3)
Liabilities:
Senior Subordinated Notes-13.125%	$	150,000	$	132,188	$	132,188	$	-	$	-
Senior Secured Notes-8.25%		800,000		697,000		697,000		-		-
As of December 31, 2011	$	950,000	$	829,188	$	829,188	$	-	$	-
Liabilities:
Senior Subordinated Notes-13.125%	$	150,000	$	159,375	$	159,375	$	-	$	-
Senior Secured Notes-11.75%		725,000		775,750		775,750		-		-
As of December 31, 2010	$	875,000	$	935,125	$	935,125	$	-	$	-

The fair value of the long-term debt instruments was determined by utilizing available market information.  The carrying value of the Company's other financial instruments approximates their fair value.  Also see Note 5 for fair value disclosures of the pension assets.