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LINE OF CREDIT
9 Months Ended
Oct. 01, 2011
Line Of Credit Facility [Abstract] 
LINE OF CREDIT

NOTE 4 - LINE OF CREDIT


In December 2010, the Company renewed a $25 million credit facility with a bank. This facility is renewable annually and now terminates on December 12, 2011. Borrowings under this facility bear interest at LIBOR (0.84% at October 1, 2011) plus 200 basis points. The Company is charged three-eighths of a percent (0.375%) per year on the unused portion. At October 1, 2011 and December 31, 2010, the Company was in compliance with the terms and covenants of the credit facility, which remains unused.