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Subsequent Event - Pending Sale of Bentley Prince Street (Pending Sale of Bentley Prince Street [Member])
6 Months Ended
Jul. 01, 2012
Pending Sale of Bentley Prince Street [Member]
 
Subsequent Event [Line Items]  
SUBSEQUENT EVENT - PENDING SALE OF BENTLEY PRINCE STREET

NOTE 15 – SUBSEQUENT EVENT – PENDING SALE OF BENTLEY PRINCE STREET

On July 25, 2012, the Company entered into a Stock Purchase Agreement with an affiliate of Dominus Capital, L.P., a private equity investment firm, for the sale of the Company’s Bentley Prince Street business segment. The aggregate purchase price under the Agreement would be $35.0 million paid in cash at the closing of the transaction, subject to possible working capital and/or other similar adjustments. The Company expects the closing of the transaction to occur in August of 2012. As of the end of the second quarter of 2012, Bentley Prince Street had net assets of approximately $49 million. The Company expects to record exit costs related to the divestiture of approximately $7-$9 million. The final loss on disposal will be calculated based on the ending balance sheet of Bentley Prince Street as of the date of closing.