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Basis of Presentation
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6 Months Ended |
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Jul. 02, 2011
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| Basis of Presentation [Abstract] | Ìý |
| Basis of Presentation |
Note A — Basis of Presentation
ÂÒÂ×°ÍÊ¿ Corporation (and its subsidiaries, collectively known as "ÂÒÂ×°ÍÊ¿") uses a 52/53Ìýweek fiscal year ending on the Saturday closest to DecemberÌý31 of each year. For presentation purposes herein, all references to periods ended JuneÌý2011, DecemberÌý2010 and JuneÌý2010 relate to the fiscal periods ended on JulyÌý2, 2011, JanuaryÌý1, 2011 and JulyÌý3, 2010, respectively.
The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and RuleÌý10-01 of RegulationÌýS-X and do not include all of the information and notes required by generally accepted accounting principles ("GAAP") in the United States of America for complete financial statements. Similarly, the DecemberÌý2010 consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. In the opinion of management, the accompanying unaudited consolidated financial statements contain all normal and recurring adjustments necessary to fairly present the consolidated financial position, results of operations and cash flows of ÂÒÂ×°ÍÊ¿ for the interim periods presented. Operating results for the three and six months ended JuneÌý2011 are not necessarily indicative of results that may be expected for any other interim period or for the year ending DecemberÌý31, 2011. For further information, refer to the consolidated financial statements and notes included in ÂÒÂ×°ÍÊ¿'s Annual Report on Form 10-K for the year ended DecemberÌý2010 ("2010 Form 10-K").
Certain prior year amounts, none of which are material, have been reclassified to conform with the 2011 presentation.
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