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Land Held for Sale
9 Months Ended
Oct. 02, 2011
Land Held for Sale [Abstract] 
Land Held for Sale

9. Land Held for Sale

During July 2011, Lakes entered into a program to locate a buyer for the land located in Vicksburg, Mississippi which was previously being held for development. As a result, during the third quarter of 2011, Lakes reclassified the land as held for sale and recorded $0.3 million in estimated selling costs, which is included in impairments and other losses in the consolidated statement of earnings (loss). As of October 2, 2011, the land is carried at $3.0 million on the accompanying consolidated balance sheet, which is its estimated fair value less expected cost to sell. As of January 2, 2011, the land was carried at fair value of $3.3 million on the accompanying consolidated balance sheet.