Income Taxes	6 Months Ended
Jun. 30, 2012
Income Taxes	NOTE N – INCOME TAXES Total deferred income tax assets for the Company’s foreign subsidiaries relating to net operating loss carryforwards were $15.0 million and $14.9 million at June 30, 2012 and December 31, 2011, respectively. The related valuation allowance was $11.9 million and $11.8 million at June 30, 2012 and December 31, 2011, respectively. The Company’s effective tax rate decreased to 24.2% for the six months ended June 30, 2012 from 25.8% for the six months ended July 2, 2011 and included a reduction in the income tax rates of 2.8% and 4.2%, respectively, related to the tax benefit of the exercise of employee stock options. The Company’s tax rate continues to be lower than the statutory tax rate in the United States primarily as a result of favorable tax rates in foreign jurisdictions. Significant judgment is required in determining the Company’s worldwide provision for income taxes. In the ordinary course of a global business, there are many transactions for which the ultimate tax outcome is uncertain. The Company reviews its tax contingencies on a regular basis and makes appropriate accruals as necessary. The effective income tax rate for 2012 and 2011 includes a reduction in the statutory corporate tax rates for the Company’s operations in Switzerland. The favorable tax rate ruling requires the Company to maintain a certain level of manufacturing operations in Switzerland. The aggregate dollar effect of this favorable tax rate was approximately $0.5 million, or $0.03 per share, in the six month period ended June 30, 2012, and $0.0 million, or $0.0 per share, in the six month period ended July 2, 2011. In 2005, the Company opened a regional headquarters and began to manufacture its products in Singapore. In the third quarter of 2006, the Company received confirmation of a tax holiday for its operations from the Singapore Economic Development Board for a period of four years commencing January 1, 2006 and an additional six year extension at favorable tax rates subject to certain terms and conditions including employment, spending, and capital investment. The aggregate dollar effect of this favorable tax rate was approximately $0.2 million, or $0.01 per share, during the six month period ended June 30, 2012, and $0.2 million, or $0.01 per share, in the six month period ended July 2, 2011.

Income Taxes

6 Months Ended

Jun. 30, 2012

NOTE N – INCOME TAXES

Total deferred income tax assets for the Company’s foreign subsidiaries relating to net operating loss carryforwards were $15.0 million and $14.9 million at June 30, 2012 and December 31, 2011, respectively. The related valuation allowance was $11.9 million and $11.8 million at June 30, 2012 and December 31, 2011, respectively. The Company’s effective tax rate decreased to 24.2% for the six months ended June 30, 2012 from 25.8% for the six months ended July 2, 2011 and included a reduction in the income tax rates of 2.8% and 4.2%, respectively, related to the tax benefit of the exercise of employee stock options. The Company’s tax rate continues to be lower than the statutory tax rate in the United States primarily as a result of favorable tax rates in foreign jurisdictions. Significant judgment is required in determining the Company’s worldwide provision for income taxes. In the ordinary course of a global business, there are many transactions for which the ultimate tax outcome is uncertain. The Company reviews its tax contingencies on a regular basis and makes appropriate accruals as necessary.

The effective income tax rate for 2012 and 2011 includes a reduction in the statutory corporate tax rates for the Company’s operations in Switzerland. The favorable tax rate ruling requires the Company to maintain a certain level of manufacturing operations in Switzerland. The aggregate dollar effect of this favorable tax rate was approximately $0.5 million, or $0.03 per share, in the six month period ended June 30, 2012, and $0.0 million, or $0.0 per share, in the six month period ended July 2, 2011.

In 2005, the Company opened a regional headquarters and began to manufacture its products in Singapore. In the third quarter of 2006, the Company received confirmation of a tax holiday for its operations from the Singapore Economic Development Board for a period of four years commencing January 1, 2006 and an additional six year extension at favorable tax rates subject to certain terms and conditions including employment, spending, and capital investment. The aggregate dollar effect of this favorable tax rate was approximately $0.2 million, or $0.01 per share, during the six month period ended June 30, 2012, and $0.2 million, or $0.01 per share, in the six month period ended July 2, 2011.