Employee Termination Costs

6 Months Ended

Jul. 02, 2011

Employee Termination Costs [Abstract]

Employee Termination Costs

Note 11 — Employee Termination Costs

On June 2, 2011, Thomas N. Chieffe resigned from his position as President and Chief Executive Officer and as a director of the Company, and on June 29, 2011, Warren J. Arthur resigned from his position as Senior Vice President of Operations of the Company. The Company accrued $5.5 million for separation costs, including payroll taxes, certain benefits and related professional fees, which has been recorded as a component of selling, general and administrative expenses for the quarter and six months ended July 2, 2011. Payments for Mr. Chieffe and Mr. Arthur’s separation costs will be paid in accordance with their respective employment agreements, with approximately $2.6 million to be paid over the next 12 months and the remainder paid at various dates through October 2013.