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SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 30, 2012

Summary of Shareholders' Equity

All treasury stock is accounted for using the cost method.

The following tables depict the activity in the accounts which make up shareholders equity for the years 2012, 2011 and 2010.

		CLASS A SHARES				CLASS A AMOUNT				CLASS B SHARES				CLASS B AMOUNT				ADDITIONAL PAID-IN CAPITAL				RETAINED EARNINGS (DEFICIT)				PENSION LIABILITY				FOREIGN CURRENCY TRANSLATION ADJUSTMENT				NON- CONTROLLING INTEREST IN SUBSIDIARY
		(in thousands)
Balance, at January 3, 2010			56,521			$	5,649				6,774			$	679			$	343,348			$	(55,332	)		$	(33,186	)		$	(24,057	)		$	9,080
Net income			0				0				0				0				0				8,283				0				0				1,051
Conversion of common stock			159				16				(159	)			(16	)			0				0				0				0				0
Stock issuances under employee plans			631				64				0				0				2,726				0				0				0				0
Other issuances of common stock			0				0				530				53				6,418				0				0				0				0
Unamortized stock compensation expense related to restricted stock awards			0				0				0				0				(6,471	)			0				0				0				0
Cash dividends paid			0				0				0				0				0				(2,721	)			0				0				0
Forfeitures and compensation expense related to stock awards			0				0				0				0				4,540				0				0				0				0
Pension liability adjustment			0				0				0				0				0				0				1,990				0				0
Foreign currency translation adjustment			0				0				0				0				0				0				0				(2,212	)			458
Dividend to Noncontrolling Interest Partner			0				0				0				0				0				0				0				0				(7,444	)
Repurchase of Minority Interest			0				0				0				0				(899	)			0				0				0				(3,145	)
Balance, at January 2, 2011			57,311			$	5,729				7,145			$	716			$	349,662			$	(49,770	)		$	(31,196	)		$	(26,269	)		$	0

		CLASS A SHARES				CLASS A AMOUNT				CLASS B SHARES				CLASS B AMOUNT				ADDITIONAL PAID-IN CAPITAL				RETAINED EARNINGS (DEFICIT)				PENSION LIABILITY				FOREIGN CURRENCY TRANSLATION ADJUSTMENT
		(in thousands)
Balance, at January 2, 2011			57,311			$	5,729				7,145			$	716			$	349,662			$	(49,770	)		$	(31,196	)		$	(26,269	)
Net income			0				0				0				0				0				38,721				0				0
Conversion of common stock			593				59				(593	)			(59	)			0				0				0				0
Stock issuances under employee plans			502				50				0				0				210				0				0				0
Other issuances of common stock			0				0				527				53				11,336				0				0				0
Unamortized stock compensation expense related to restricted stock awards			0				0				0				0				(11,402	)			0				0				0
Cash dividends paid			0				0				0				0				0				(5,231	)			0				0
Forfeitures and compensation expense related to stock awards			0				0				0				0				11,594				0				0				0
Pension liability adjustment			0				0				0				0				0				0				(5,066	)			0
Foreign currency translation adjustment			0				0				0				0				0				0				0				(7,614	)
Other			0				0				0				0				0				(484	)			0				0
Balance, at January 1, 2012			58,406			$	5,839				7,078			$	709			$	361,400			$	(16,764	)		$	(36,262	)		$	(33,883	)

		SHARES				AMOUNT				ADDITIONAL PAID-IN CAPITAL				RETAINED EARNINGS (DEFICIT)				PENSION LIABILITY				FOREIGN CURRENCY TRANSLATION ADJUSTMENT
		(in thousands)
Balance, at January 1, 2012			65,484			$	6,548			$	361,400			$	(16,764	)		$	(36,262	)		$	(33,883	)
Net income			0				0				0				5,943				0				0
Stock issuances under employee option plans			160				16				2,030				0				0				0
Other issuances of common stock			573				58				7,564				0				0				0
Unamortized stock compensation expense related to restricted stock awards			0				0				(7,610	)			0				0				0
Cash dividends paid			0				0				0				(5,925	)			0				0
Forfeitures and compensation expense related to stock awards			(155	)			(16	)			3,293				0				0				0
Pension liability adjustment			0				0				0				0				771				0
Foreign currency translation adjustment			0				0				0				0				0				8,539
Other			0				0				0				0				0				0
Balance, at December 30, 2012			66,062			$	6,606			$	366,677			$	(16,746	)		$	(35,491	)		$	(25,344	)

Summary of Weighted Average Assumptions Used for Estimation of Fair Value

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model, with the following weighted average assumptions used for grants issued in 2010 and 2011 (there were no stock options granted in 2012):

		FISCAL YEAR
		2011				2010
Risk free interest rate			0.9	%			2.1	%
Expected option life			5.75 years				5.75 years
Expected volatility			65	%			61	%
Expected dividend yield			0.5	%			0.4	%

Stock Options Outstanding

The following table summarizes stock options outstanding as of December 30, 2012, as well as activity during the previous fiscal year:

		Shares				Weighted Average Exercise Price
Outstanding at January 1, 2012			592,500			$	9.12
Granted			0				0
Exercised			160,000				9.33
Forfeited or cancelled			39,000				11.78
Outstanding at December 30, 2012 (a)			393,500			$	8.49
Exercisable at December 30, 2012 (b)			390,000			$	8.43

(a) At December 30, 2012, the weighted-average remaining contractual life of options outstanding was 6.1 years.

(b) At December 30, 2012, the weighted-average remaining contractual life of options exercisable was 6.1 years.

Summary of Share Based Compensation Stock Options and Stock Units Activity

The tax benefit recognized with respect to stock options during the years 2012, 2011 and 2010 was not significant.

		Options Outstanding												Options Exercisable
Range of Exercise Prices		Number Outstanding at December 30, 2012				Weighted Average Remaining Contractual Life (years)				Weighted Average Exercise Price				Number Exercisable at December 30, 2012				Weighted Average Exercise Price
$1.49 – 3.00			35,500				1.35			$	2.44				35,500			$	2.44
3.01 – 5.00			142,000				5.95				4.25				142,000				4.25
5.01 – 12.00			20,000				6.82				7.78				20,000				7.78
12.01 – 15.00			196,000				7.00				12.81				192,500				12.81
			393,500				6.1			$	8.49				390,000			$	8.43

Restricted Stock Activity

The following table summarizes restricted stock activity as of December 30, 2012, and during the previous fiscal year:

		Shares				Weighted Average Grant Date Fair Value
Outstanding at January 1, 2012			1,749,000			$	15.08
Granted			573,000				13.25
Vested			264,000				13.37
Forfeited or cancelled			84,500				14.87
Outstanding at December 30, 2012			1,973,500			$	14.79

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