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Accounts Receivable Factoring Agreements | 12 Months Ended
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Dec. 29, 2012
Receivables [Abstract] |
Accounts Receivable Factoring Agreements | Accounts Receivable Factoring Agreements In the ordinary course of business, the Company may utilize accounts receivable factoring agreements with third-party financial institutions in order to accelerate its cash collections from product sales. In addition, these agreements provide the Company with the ability to limit credit exposure to potential bad debts, better management of costs relate to collections as well as enable customers to extend their credit terms. These agreements involve the ownership transfer of eligible trade accounts receivable, without recourse or discount, to a third party financial institution in exchange for cash. The Company accounts for these transactions in accordance with ASC 860, "Transfers and Servicing" ("ASC 860"). ASC 860 allows for the ownership transfer of accounts receivable to qualify for sale treatment when the appropriate criteria is met, which permits the Company to present the balances sold under the program to be excluded from Accounts receivable, net on the Consolidated Balance Sheet. Receivables are considered sold when they are transferred beyond the reach of the Company and its creditors, the purchaser has the right to pledge or exchange the receivables, and the Company has surrendered control over the transferred receivables. In addition, the Company provides no other forms of continued financial support to the purchaser of the receivables once the receivables are sold. Amounts due from financial institutions are recorded with Other current assets in the Consolidated Balance Sheet. The Company has a U.S. based program where certain U.S. based receivables are sold to an unrelated third-party financial institution. Under the current terms of the U.S. agreement, the maximum amount of outstanding advances at any one time is $20.0 million, which limitation is subject to change based on the level of eligible receivables, restrictions on concentrations of receivables and the historical performance of the receivables sold. In addition, the Company's subsidiaries in Mexico, Colombia, Spain and the Netherlands have entered into factoring agreements to sell certain non-U.S. based receivables to an unrelated third-party financial institution. Under the terms of the non-U.S. agreements, the maximum amount of outstanding advances at any one time is $50.4 million, which limitation is subject to change based on the level of eligible receivables, restrictions on concentrations of receivables and the historical performance of the receivables sold. The following is a summary of receivables sold to the third-party financial institutions that existed at the following balance sheet dates:
In thousands | December 29, 2012 |  | December 31, 2011
Trade receivables sold to financial institutions | $ | 48,767 |  |  | $ | 42,956 |
Amounts received from financial institutions | 41,937 |  |  | 35,095 |
Amounts due from financial institutions | $ | 6,830 |  |  | $ | 7,861 |
The Company sold $394.7 million and $291.2 million of receivables under the terms of the factoring agreements during the fiscal years ended December 29, 2012 and December 31, 2011, respectively. The increase is primarily related to the inclusion of the Netherlands, which entered into a factoring agreement in March 2012. The Company pays a factoring fee associated with the sale of receivables based on the dollar of the receivables sold. Amounts incurred for the Successor was $1.1 million during the fiscal year ended December 29, 2012 and $0.9 million for the eleven months ended December 31, 2011. The Predecessor incurred fees of $0.1 million for the one month ended January 28, 2011 and $1.0 million during the fiscal year ended January 1, 2011. These amounts are recorded within Foreign currency and other, net in the Consolidated Statements of Operations.

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