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Investment In Marketable Securities

9 Months Ended

Oct. 02, 2011

Investment In Marketable Securities [Abstract]

(11) Investment in Marketable Securities

The Company's investment in marketable securities consists exclusively of shares in Dana common stock. The Company's investment in Dana common stock is classified as an available-for-sale security in accordance with ASC 320-10-25 and measured at fair value as determined by a quoted market price (a level 1 valuation under ASC 820-10). The related unrealized holding gains are excluded from operations and recorded in accumulated other comprehensive loss on the consolidated balance sheets. At October 2, 2011, the Company owned 143,966 common shares of Dana with a market value of $10.50 per share. At October 2, 2011, the gross unrealized gain was approximately $1,448,000. There were no unrealized gains or losses at December 31, 2010. Realized gains and losses and declines in value judged to be other-than-temporary will be included in other income or expense, if and when recorded. In accordance with ASC 820-10, the fair value of the shares was valued based on quoted market prices in active markets for identical shares at October 2, 2011.

The following table summarizes marketable securities as of October 2, 2011 (in thousands):


	Basis		Gross Unrealized Gain/(Loss)		Gross Realized Gain/(Loss)		Fair Value At Quoted Prices in Active Markets (Level 1)
Marketable securities	$	64	$	1,448	$	—	$	1,512