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Subsequent Events
9 Months Ended
Oct. 02, 2011
Subsequent Events [Abstract] 
Subsequent Events
11. Subsequent Events:

On October 28, 2011, we amended and restated our 2007 Revolving Credit Facility agreement. The amended and restated revolving credit facility ("2011 Revolving Credit Facility") is a senior unsecured credit commitment, which replaces our 2007 Revolving Credit Facility that was scheduled to mature in October 2012. Total borrowings available to us under the 2011 Revolving Credit Facility were reduced from $550.0 million to $500.0 million and includes an accordion feature allowing us, subject to meeting certain conditions and lender approval, to request an increase in our revolving commitment of up to $200.0 million in borrowings at any time an increase of $150.0 million from the 2007 Revolving Credit Facility. The 2011 Revolving Credit Facility matures in October 2016 and bears interest at LIBOR plus an applicable margin that ranges between 0.875% and 1.625%, determined based on our financial performance and debt levels, or alternatively, the highest of (i) the prime interest rate, (ii) the Federal Funds rate plus 0.50%, or (iii) one month LIBOR plus 1.0%, plus an applicable margin that ranges between 0.0% and 0.625%.

The 2011 Revolving Credit Facility also requires us to pay a commitment fee ranging from 0.15% to 0.3%, depending on our financial performance and debt levels. The commitment fee is payable quarterly on any unused portion of our 2011 Revolving Credit Facility.

The 2011 Revolving Credit Facility also contains customary representations, affirmative and negative covenants, and financial covenant ratios that are substantially similar to our 2007 Revolving Credit Facility described in Note 3, with the exception of allowing our share repurchases and dividend payments to be unlimited as long as we do not exceed a leverage ratio of 2.75 to 1, as defined in the agreement.

On November 1, 2011, our Board declared a cash dividend of $0.22 per share, which will be paid on January 5, 2012 to stockholders of record on December 1, 2011.