XML 12 R23.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Related Party Transactions
6 Months Ended
Jul. 02, 2011
Related Party Transactions  
Related Party Transactions

16. RELATED PARTY TRANSACTIONS

As part of the consideration paid for the acquisition of Elco on November 1, 2010, the Company assumed $22.3 million payable to an entity that is affiliated with our Elco Group B.V. joint venture partner resulting from bankruptcy proceeding involving Elco. The amount is payable in three remaining semi-annual payments ending in 2012. During the first six months of 2011, $5.6 million was paid by the Company. The Company has included the current amounts in Other Accrued Expenses and the long-term amount in Other Noncurrent Liabilities.