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Deferred Compensation Plan
6 Months Ended
Jul. 01, 2011
Deferred Compensation Plan
Note 6: Deferred Compensation Plan

The Company maintains a nonqualified deferred compensation plan for the benefit of a select group of highly compensated employees.  Under this plan participants may elect to defer up to 100% of their compensation.  Company assets that are earmarked to pay benefits under the plan are held in a rabbi trust and are subject to the claims of the Company’s creditors.  As of July 1, 2011 and December 31, 2010, the invested amounts under the plan totaled $20,697,000 and $15,379,000, respectively.  These assets are classified as trading securities and are recorded at fair market value with changes recorded as adjustments to other income and expense.
 
As of July 1, 2011 and December 31, 2010, vested amounts due under the plan totaled $20,518,000 million and $15,379,000, respectively. Changes in the liability are recorded as adjustments to compensation expense.  During the three and six months ended July 1, 2011 the Company recognized an increase to compensation expense of $221,000 and $872,000, respectively, as a result of changes in the market value of the trust assets, with the same amount being recorded as other income, net. During the three and six months ended July 2, 2010 the Company recognized a decrease to compensation expense of $881,000 and $313,000, respectively, as a result of changes in the market value of the trust assets, with the same amount being recorded as other expense, net.