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Fair Value of Financial Instruments
 12 Months Ended
Dec. 28, 2011
Fair Value of Financial Instruments [Abstract]  
Fair Value of Financial Instruments
Note 10.     Fair Value of Financial Instruments

Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis
 
Financial assets and liabilities measured at fair value on a recurring basis are summarized below:

   
Fair Value Measurements as of December 28, 2011
   
Total
   
Quoted Prices in Active Markets for Identical Assets/Liabilities
(Level 1)
   
Significant Other Observable Inputs
(Level 2)
   
Significant Unobservable Inputs
(Level 3)
 
Valuation Technique
   
(In thousands)
   
Deferred compensation plan investments 
 
$
4,935
   
$
4,935
   
$
-
   
$
-
 
market approach
Total
 
$
4,935
   
$
4,935
   
$
-
   
$
-
   
 
   
Fair Value Measurements as of December 29, 2010
   
Total
   
Quoted Prices in Active Markets for Identical Assets/Liabilities
(Level 1)
   
Significant Other Observable Inputs
(Level 2)
   
Significant Unobservable Inputs
(Level 3)
 
Valuation Technique
   
(In thousands)
   
Deferred compensation plan investments 
 
$
5,926
   
$
5,926
   
$
-
   
$
-
 
market approach
Total
 
$
5,926
   
$
5,926
   
$
-
   
$
-
   
 
In addition to the financial assets and liabilities that are measured at fair value on a recurring basis, we measure certain assets and liabilities at fair value on a nonrecurring basis. As of December 28, 2011 and December 29, 2010, impaired assets related to underperforming units were written down to a fair value of $0 based on the income approach.
 
Fair Value of Long-Term Debt
 
The book value and estimated fair value of our long-term debt, before original issue discount and excluding capital lease obligations, was as follows:
 
   
December 28, 2011
   
December 29, 2010
 
   
(In thousands)
 
Book value:
         
Fixed rate long-term debt
 
$
99
   
$
181
 
Variable rate long-term debt
   
198,000
     
240,000
 
Long term debt excluding capital lease obligations
 
$
198,099
   
$
240,181
 
                 
Estimate fair value:
               
Fixed rate long-term debt
 
$
99
   
$
181
 
Variable rate long-term debt
   
197,505
     
243,000
 
Long term debt excluding capital lease obligations
 
$
197,604
   
$
243,181
 
 
The difference between the estimated fair value of long-term debt compared with its historical cost reported in our Consolidated Balance Sheets at December 28, 2011 and December 29, 2010 relates to market quotations for our senior secured term loan.