Note 19 - Subsequent Event

12 Months Ended

Jan. 02, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

19. Subsequent Event

On November 7, 2015, the company and TE Connectivity Ltd., a Swiss corporation, entered into a

stock and asset purchase agreement for $350.0 million, pursuant to which the company has agreed to acquire TE’s circuit protection business. The company expects to close the acquisition by the end of the first quarter of 2016. The company will fund the acquisition with available cash and proceeds from credit facilities.