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Leased Property Under Capital Leases
 12 Months Ended
Jan. 01, 2012
Leased Property Under Capital Leases [Abstract]  
Leased Property Under Capital Leases

5.    Leased Property Under Capital Leases

Leased property under capital leases was summarized as follows:

 

                         

In thousands

   Jan. 1,
2012		     Jan. 2,
2011		     Estimated
Useful  Lives		  

Leased property under capital leases

   $ 95,509     $ 76,877       3-20 years  

Less: Accumulated amortization

     35,705       30,021          
   

 

 

    

 

 

          

Leased property under capital leases, net

   $ 59,804     $ 46,856          
   

 

 

    

 

 

          

As of January 1, 2012, real estate represented $59.6 million of the leased property under capital leases and $40.9 million of this real estate is leased from related parties as described in Note 18 to the consolidated financial statements.

In the first quarter of 2011, the Company entered into leases for two sales distribution centers. Each lease has a term of fifteen years with various monthly rental payments. The two leases added $18.6 million, at inception, to the leased property under capital leases balance.

The Company modified a related party lease and terminated a second lease in the first quarter of 2009. See Note 18 to the consolidated financial statements for additional information on the lease modification.

The Company’s outstanding lease obligations for these capital leases were $74.1 million and $59.2 million as of January 1, 2012 and January 2, 2011.