Hedging Activities

12 Months Ended

Dec. 29, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Hedging Activities

Hedging Activities

We designated all of our Great Britain Pound (GBP) denominated long-term debt as a net investment hedge of our U.K. operations. The objective of the hedge is to reduce our foreign currency exposure in our U.K. subsidiary investment. Changes in the exchange rate between the United States Dollar (USD) and GBP, related to the notional amount of the hedge, are recognized as a component of other comprehensive income (loss), to the extent the hedge is effective. The following tables represent the fair value of our net investment hedge included within the consolidated balance sheets and the related unrealized gain or loss, net of related income tax effects, on the net investment hedge recognized in comprehensive income:

(In thousands)		2012
Derivatives Designated	Balance Sheet Classification	Fair Value		Net Unrealized Loss
Net investment hedge	Short-term liabilities	$	15,015	$	451
Net investment hedge	Long-term liabilities	30,030		981
Total net investment hedge		$	45,045	$	1,432

(In thousands)		2011
Derivatives Designated	Balance Sheet Classification	Fair Value		Net Unrealized Loss
Net investment hedge	Short-term liabilities	$	14,421	$	133
Net investment hedge	Long-term liabilities	43,262		1,381
Total net investment hedge		$	57,683	$	1,514