XML 58 R41.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt (Details) (USD $)
6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Jun. 28, 2014
Dec. 31, 2013
Jun. 28, 2014
Senior unsecured notes - Series A [Member]
Dec. 31, 2013
Senior unsecured notes - Series A [Member]
Feb. 01, 2010
Senior unsecured notes - Series A [Member]
Jun. 28, 2014
Senior unsecured notes - Series B [Member]
Dec. 31, 2013
Senior unsecured notes - Series B [Member]
Mar. 01, 2010
Senior unsecured notes - Series B [Member]
Jun. 28, 2014
Senior unsecured notes - Series C [Member]
Dec. 31, 2013
Senior unsecured notes - Series C [Member]
Mar. 15, 2011
Senior unsecured notes - Series C [Member]
Jun. 28, 2014
Senior unsecured notes - Series D [Member]
Dec. 31, 2013
Senior unsecured notes - Series D [Member]
Mar. 15, 2011
Senior unsecured notes - Series D [Member]
Jun. 28, 2014
Senior unsecured notes - Series E [Member]
Dec. 31, 2013
Senior unsecured notes - Series E [Member]
Mar. 15, 2011
Senior unsecured notes - Series E [Member]
Jun. 28, 2014
Senior unsecured notes - Series F [Member]
Jun. 30, 2014
Senior unsecured notes - Series F [Member]
Jun. 28, 2014
Senior Unsecured Notes - Series G [Member]
Jun. 30, 2014
Senior Unsecured Notes - Series G [Member]
Jun. 28, 2014
Senior Unsecured Note - Series H [Member]
Jun. 30, 2014
Senior Unsecured Note - Series H [Member]
Jun. 28, 2014
Foreign subsidiary lines of credit [Member]
Dec. 31, 2013
Foreign subsidiary lines of credit [Member]
Jun. 28, 2014
Unsecured debt [Member]
Dec. 31, 2013
Unsecured debt [Member]
Jun. 28, 2014
Credit Agreement dated June 2013 [Member]
Dec. 31, 2013
Credit Agreement dated June 2013 [Member]
Jun. 25, 2013
Credit Agreement dated June 2013 [Member]
Term loan facility [Member]
Jun. 28, 2014
Credit Agreement dated June 2013 [Member]
Revolving facilities [Member]
Jun. 25, 2013
Credit Agreement dated June 2013 [Member]
Revolving facilities [Member]
Jun. 28, 2014
Credit Agreement dated July 2013 and unsecured debt [Member]
Dec. 31, 2013
Credit Agreement dated July 2013 and unsecured debt [Member]
Debt [Line Items]                                                                    
Face value of debt                                     $ 100,000,000   $ 50,000,000   $ 50,000,000             $ 300,000,000   $ 1,100,000,000    
Debt term                                   7 years   10 years   10 years                        
Stated interest rate on debt instrument         3.75%     5.00%     2.50%     3.22%     3.97%   3.40%   3.92%                          
Interest rate terms on debt                                           *Series H senior unsecured notes bear interest at 3 month LIBOR for that floating rate interest period plus 1.25%.           The interest rates applicable to the 2013 Credit Agreement are, at the Company’s option, equal to either the alternate base rate calculated daily (which is a rate per annum equal to the greatest of (a) the prime rate in effect on such day, (b) the federal funds effective rate in effect on such day plus 1/2% per annum, or (c) the adjusted LIBO rate on such day (or if such day is not a business day, the immediately preceding business day) for a deposit in U.S. dollars with a maturity of one month plus 1% per annum) or the applicable 1, 2, 3 or 6 month adjusted LIBO rate, in each case, plus an interest rate margin based upon the Company’s leverage ratio, which can range between 0 to 12.5 basis points for alternate base rate loans and between 75 basis points and 112.5 basis points for adjusted LIBO rate loans.            
Debt facility fee                                                       The facility fee on the 2013 Credit Agreement ranges between 12.5 basis points and 25 basis points.            
Call feature on debt instrument                                           The Company may prepay all or some of the senior unsecured notes at any time in an amount not less than 10% of the aggregate principal amount outstanding, plus the applicable make-whole amount or prepayment premium for Series H senior unsecured notes.       The Company may prepay all or some of the senior unsecured notes at any time in an amount not less than 10% of the aggregate principal amount outstanding, plus the applicable make-whole amount. In the event of a change in control (as defined in the note purchase agreement) of the Company, the Company may be required to prepay the senior unsecured notes at a price equal to 100% of the principal amount thereof, plus accrued and unpaid interest.                
Debt covenant description                                                   These senior unsecured notes require that the Company comply with an interest coverage ratio test of not less than 3.50:1 for any period of four consecutive fiscal quarters and a leverage ratio test of not more than 3.50:1 as of the end of any fiscal quarter.   The 2013 Credit Agreement requires that the Company comply with an interest coverage ratio test of not less than 3.50:1 as of the end of any fiscal quarter for any period of four consecutive fiscal quarters and a leverage ratio test of not more than 3.50:1 as of the end of any fiscal quarter.            
Notes payable and debt 233,403,000 133,346,000 100,000,000                                         8,403,000 8,346,000     125,000,000 125,000,000   125,000,000      
Long-term debt 1,160,000,000 1,190,000,000   100,000,000   100,000,000 100,000,000   50,000,000 50,000,000   100,000,000 100,000,000   50,000,000 50,000,000                   400,000,000 400,000,000 860,000,000 790,000,000   560,000,000      
Total debt 1,393,403,000 1,323,346,000                                                                
Weighted-average interest rate                                               2.05% 2.00%               2.08% 1.94%
Unused borrowing capacity                                                       413,000,000 483,000,000          
Line of credit maximum borrowing capacity                                               $ 93,000,000 $ 87,000,000