0000785786
2011-01-02
2011-04-02
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2010-01-03
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0000785786
2009-10-04
2010-04-03
0000785786
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--10-01
Q2
2011
2011-04-02
10-Q
0000785786
37618707
Large Accelerated Filer
PLEXUS CORP
<div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 5 - DERIVATIVES AND FAIR VALUE MEASUREMENTS </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> All derivatives are recognized in the accompanying Condensed Consolidated Balance Sheets at their estimated fair value. On the date a derivative contract is entered into, the Company designates the derivative as a hedge of a recognized asset or liability (a "fair value" hedge), a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (a "cash flow" hedge), or a hedge of the net investment in a foreign operation. The Company currently has cash flow hedges related to variable rate debt and forecasted foreign currency payments. The Company does not enter into derivatives for speculative purposes. Changes in the fair value of the derivatives that qualify as cash flow hedges are recorded in "Accumulated other comprehensive income" in the accompanying Condensed Consolidated Balance Sheets until earnings are affected by the variability of the cash flows. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> During the fiscal second quarter of 2011, the Company entered into forward exchange contracts to fix the exchange rates on foreign currency cash used to pay for capital expenditures related to the construction of our fourth facility in Malaysia. As of April 2, 2011, the total notional value of the forward contracts was $18.1 million and the total fair value of these forward contracts was $0.2 million. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> During the fiscal second quarter of 2011, the Company entered into two separate treasury rate lock hedge contracts to hedge the variability of the fixed interest rate on the then forecasted issuance of $175 million of fixed rate debt using a treasury lock transaction. As of April 2, 2011, the two contracts had a combined notional amount of $150 million and a fair value of $1.4 million. The fixed interest rates for each of these contracts are 2.77% and 2.72%, respectively. On April 4, 2011, the Company entered into a final treasury rate lock hedge transaction for the remaining $25 million of exposure at a rate of 2.88%. On April 8, 2011, when the fixed interest rate for the debt issuance was determined, all three treasury rate lock contracts were settled and the Company received proceeds of $2.3 million, which will be amortized over the seven year term of the related debt. See Note 15 — Subsequent Event for more information about the Company's fixed rate debt issuance on April 21, 2011. </div></div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 6pt; font-size: 9.5pt;" align="left"> In June 2008, the Company entered into three interest rate swap contracts related to the $150 million in term loans under the Credit Facility that had an initial total notional value of $150 million and mature on April 4, 2013. These interest rate swap contracts will pay the Company variable interest at the three month LIBOR rate, and the Company will pay the counterparties a fixed interest rate. The fixed interest rates for each of these contracts are 4.415%, 4.490% and 4.435%, respectively. These interest rate swap contracts were entered into to convert $150 million of the variable rate term loan under the Credit Facility into fixed rate debt. Based on the terms of the interest rate swap contracts and the underlying debt, these interest rate contracts were determined to be effective, and thus qualify as a cash flow hedge. As such, any changes in the fair value of these interest rate swaps are recorded in "Accumulated other comprehensive income" on the accompanying Condensed Consolidated Balance Sheets until earnings are affected by the variability of cash flows. The total fair value of these interest rate swap contracts was $6.6 million as of April 2, 2011. As of April 2, 2011, the total remaining combined notional amount of the Company's three interest rate swaps was $105.0 million. </div>
<div style="margin-top: 6pt; font-size: 9.5pt;" align="left"> The Company's Malaysian operations have entered into forward exchange contracts on a rolling basis with a total notional value of $38.5 million as of April 2, 2011. These forward contracts will fix the exchange rates on foreign currency cash used to pay a portion of local currency expenses. The changes in the fair value of the forward contracts are recorded in "Accumulated other comprehensive income" on the accompanying Condensed Consolidated Balance Sheets until earnings are affected by the variability of cash flows. The total fair value of these forward contracts was $1.9 million as of April 2, 2011. </div>
<div style="margin-top: 6pt; font-size: 9.5pt;" align="left"> The tables below present information regarding the fair values of derivative instruments (as defined in Note 1 — Basis of Presentation and Accounting Policies) and the effects of derivative instruments on the Company's Condensed Consolidated Statements of Operations: </div>
<div align="center">
<table style="font-size: 9.5pt;" border="0" cellspacing="0" cellpadding="0" width="55%">
<tr valign="bottom"><td width="1%"> </td>
<td width="30%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="15%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="15%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td></tr>
<tr style="font-size: 1px;" valign="bottom"><td style="border-bottom: #000000 1px solid;" colspan="38" nowrap="nowrap" align="left"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid;" width="1%"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="36" nowrap="nowrap" align="center"><b>Fair Values of Derivative Instruments</b> </td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid;" width="1%"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="36" nowrap="nowrap" align="left"><i>In thousands of dollars</i></td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid;" width="1%"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="13" nowrap="nowrap" align="center">Asset Derivatives</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="13" nowrap="nowrap" align="center">Liability Derivatives</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">October 2,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">October 2,</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2011</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2010</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2011</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2010</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;" valign="top">
<div style="text-indent: 0px; margin-left: 5px;" align="left">Derivatives designated as hedging instruments</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Balance Sheet <br />Location</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Fair Value</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="center">Fair Value</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Balance Sheet <br />Location</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="center">Fair Value</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="center">Fair Value</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;" valign="top">
<div style="text-indent: 0px; margin-left: 10px;" align="left">Interest rate swaps</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="center">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="center">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Current liabilities <br />– Other</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">$</td>
<td style="border-top: #000000 1px solid;" align="right">3,281</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">$</td>
<td style="border-top: #000000 1px solid;" align="right">3,616</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;" valign="top">
<div style="text-indent: 0px; margin-left: 10px;" align="left">Interest rate swaps</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="center">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="center">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="center">Other liabilities</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">$</td>
<td style="border-top: #000000 1px solid;" align="right">3,281</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">$</td>
<td style="border-top: #000000 1px solid;" align="right">5,423</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;" valign="top">
<div style="text-indent: 0px; margin-left: 10px;" align="left">Forward contracts</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Prepaid expenses <br />and other</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">$</td>
<td style="border-top: #000000 1px solid;" align="right">1,896</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">$</td>
<td style="border-top: #000000 1px solid;" align="right">2,612</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;" valign="top">
<div style="text-indent: 0px; margin-left: 10px;" align="left">Forward contracts</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Prepaid expenses <br />and other</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">$</td>
<td style="border-top: #000000 1px solid;" align="right">234</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td style="border-top: #000000 1px solid;" align="center">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;" valign="top">
<div style="text-indent: 0px; margin-left: 10px;" align="left">Treasury rate lock</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Prepaid expenses <br />and other</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">$</td>
<td style="border-top: #000000 1px solid;" align="right">1,412</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td style="border-top: #000000 1px solid;" align="center">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 1px;" valign="bottom"><td style="border-top: #000000 1px solid;" colspan="38" nowrap="nowrap" align="left"> </td></tr></table></div></div>
<p> </p>
<div style="font-family: 'Times New Roman',Times,serif;">
<div align="center">
<table style="font-size: 9pt;" border="0" cellspacing="0" cellpadding="0" width="50%">
<tr style="font-size: 40pt;" valign="bottom"><td width="1%"> </td>
<td width="25%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="20%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="15%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="1%"> </td></tr>
<tr style="font-size: 1px;" valign="bottom"><td style="border-bottom: #000000 1px solid;" colspan="49" nowrap="nowrap" align="left"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td colspan="47" nowrap="nowrap" align="center"><br /><b>The Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations</b> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid;" width="1%"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="47" nowrap="nowrap" align="center"><b>for the Three Months Ended</b></td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid;" width="1%"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="47" nowrap="nowrap" align="left"><i>In thousands of dollars</i></td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Amount of Gain or</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Location of Gain or (Loss)</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Amount of Gain or (Loss)</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">(Loss) Recognized in</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Recognized in Income on</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Recognized in Income on</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Other Comprehensive</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Location of Gain or (Loss)</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Amount of Gain or (Loss)</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Derivative (Ineffective</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Derivative (Ineffective</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td nowrap="nowrap" align="center">Derivatives in Cash</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Income ("OCI") on</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Reclassified from</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Reclassified from</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Portion and Amount</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Portion and Amount</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td nowrap="nowrap" align="center">Flow Hedging</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Derivative (Effective</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Accumulated OCI into</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Accumulated OCI into</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Excluded from</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Excluded from</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid;" width="1%"> </td>
<td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center">Relationships</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="8" nowrap="nowrap" align="center">Portion)</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Income (Effective Portion)</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="8" nowrap="nowrap" align="center">Income (Effective Portion)</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Effectiveness Testing)</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="8" nowrap="nowrap" align="center">Effectiveness Testing)</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2011</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2010</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2011</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2010</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2011</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2010</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;">
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;">
<div style="text-indent: -15px; margin-left: 15px;">Interest rate swaps</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">14</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">(1,390</td>
<td style="border-top: #000000 1px solid;">)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Interest income (expense)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" nowrap="nowrap" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">(1,097</td>
<td style="border-top: #000000 1px solid;" nowrap="nowrap">)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" nowrap="nowrap" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">(1,259</td>
<td style="border-top: #000000 1px solid;" nowrap="nowrap">)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Other income (expense)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;">
<div style="text-indent: -15px; margin-left: 15px;">Forward contracts</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">1,051</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">1,552</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Selling and administrative expenses</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">884</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">244</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Other income (expense)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;">
<div style="text-indent: -15px; margin-left: 15px;">Treasury rate locks</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">1,412</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Interest income (expense)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Other income (expense)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 1px;" valign="bottom"><td style="border-top: #000000 1px solid;" colspan="49" nowrap="nowrap" align="left"> </td></tr></table></div>
<div align="center">
<table style="font-size: 9pt;" border="0" cellspacing="0" cellpadding="0" width="50%">
<tr style="font-size: 40pt;" valign="bottom"><td width="1%"> </td>
<td width="25%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="20%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="15%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="1%"> </td></tr>
<tr style="font-size: 1px;" valign="bottom"><td style="border-bottom: #000000 1px solid;" colspan="49" nowrap="nowrap" align="left"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td colspan="47" nowrap="nowrap" align="center"><br /><b>The Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations</b> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid;" width="1%"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="47" nowrap="nowrap" align="center"><b>for the Six Months Ended</b></td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid;" width="1%"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="47" nowrap="nowrap" align="left"><i>In thousands of dollars</i></td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Amount of Gain or</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Location of Gain or (Loss)</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Amount of Gain or (Loss)</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">(Loss) Recognized in</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Recognized in Income on</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Recognized in Income on</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Other Comprehensive</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Location of Gain or (Loss)</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Amount of Gain or (Loss)</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Derivative (Ineffective</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Derivative (Ineffective</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td nowrap="nowrap" align="center">Derivatives in Cash</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Income ("OCI") on</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Reclassified from</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Reclassified from</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Portion and Amount</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Portion and Amount</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td nowrap="nowrap" align="center">Flow Hedging</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Derivative (Effective</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Accumulated OCI into</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Accumulated OCI into</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">Excluded from</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="8" nowrap="nowrap" align="center">Excluded from</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid;" width="1%"> </td>
<td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center">Relationships</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="8" nowrap="nowrap" align="center">Portion)</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Income (Effective Portion)</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="8" nowrap="nowrap" align="center">Income (Effective Portion)</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">Effectiveness Testing)</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="8" nowrap="nowrap" align="center">Effectiveness Testing)</td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2011</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2010</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2011</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2010</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2011</td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2010</td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;">
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;">
<div style="text-indent: -15px; margin-left: 15px;">Interest rate swaps</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">256</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">(1,343</td>
<td style="border-top: #000000 1px solid;">)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Interest income (expense)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" nowrap="nowrap" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">(2,221</td>
<td style="border-top: #000000 1px solid;" nowrap="nowrap">)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" nowrap="nowrap" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">(2,555</td>
<td style="border-top: #000000 1px solid;" nowrap="nowrap">)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Other income (expense)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;">
<div style="text-indent: -15px; margin-left: 15px;">Forward contracts</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">1,413</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">1,868</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Selling and administrative expenses</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">1,895</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">401</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Other income (expense)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;">
<div style="text-indent: -15px; margin-left: 15px;">Treasury rate locks</div></td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">1,412</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Interest income (expense)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left">Other income (expense)</td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" align="left">$</td>
<td style="border-top: #000000 1px solid;" align="right">-</td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 1px;" valign="bottom"><td style="border-top: #000000 1px solid;" colspan="49" nowrap="nowrap" align="left"> </td></tr></table></div></div>
<p> </p>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left">The following table lists the fair values of the Company's derivatives as of April 2, 2011, by input level as defined above: </div>
<div align="center">
<table style="font-size: 9.5pt;" border="0" cellspacing="0" cellpadding="0" width="88%">
<tr style="font-size: 14pt;" valign="bottom"><td width="1%"> </td>
<td width="54%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="1%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-left: #000000 1px solid; border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid;" colspan="17" nowrap="nowrap" align="center"><br /><b>Fair Value Measurements Using Input Levels:</b></td>
<td style="border-top: #000000 1px solid;"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid; border-left: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="17" nowrap="nowrap" align="center"><b>(in thousands)</b><br /><br /></td>
<td style="border-bottom: #000000 1px solid;"> </td>
<td style="border-bottom: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td> </td>
<td> </td>
<td style="border-left: #000000 1px solid;"> </td>
<td valign="top" colspan="2" nowrap="nowrap" align="center"><b>Level 1</b></td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td valign="top" colspan="2" nowrap="nowrap" align="center"><b>Level 2</b></td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td valign="top" colspan="2" nowrap="nowrap" align="center"><b>Level 3</b></td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td colspan="2" nowrap="nowrap" align="center"><b>Total</b><br /><br /></td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td></tr>
<tr style="font-size: 1px;"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td colspan="2">
<div style="border-left: #000000 1px solid; text-indent: 0px; margin-left: 0px;" align="left"> Derivatives</div></td>
<td> </td>
<td style="border-left: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 1px;"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-left: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td>
<div style="text-indent: -15px; margin-left: 25px;" align="left">Interest rate swaps</div></td>
<td> </td>
<td style="border-left: #000000 1px solid;">$</td>
<td align="left"> </td>
<td align="center">-</td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td align="left">$</td>
<td> </td>
<td align="right">6,562</td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td align="left">$</td>
<td> </td>
<td align="center">-</td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td align="left">$</td>
<td align="right">6,562</td>
<td> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-left: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 1px;"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-left: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td>
<div style="text-indent: -15px; margin-left: 25px;" align="left">Foreign currency forward contracts</div></td>
<td> </td>
<td style="border-left: #000000 1px solid;">$</td>
<td align="left"> </td>
<td align="center">-</td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td align="left">$</td>
<td> </td>
<td align="right">2,130</td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td align="left">$</td>
<td> </td>
<td align="center">-</td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,130</td>
<td> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-left: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 1px;"><td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-left: #000000 1px solid; border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid; border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-left: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td>
<div style="text-indent: -15px; margin-left: 25px;" align="left">Treasury rate locks</div></td>
<td> </td>
<td style="border-left: #000000 1px solid;">$</td>
<td align="left"> </td>
<td align="center">-</td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td align="left">$</td>
<td> </td>
<td align="right">1,412</td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td align="left">$</td>
<td> </td>
<td align="center">-</td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,412</td>
<td> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr valign="bottom"><td style="border-left: #000000 1px solid;" width="1%"> </td>
<td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-left: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-right: #000000 1px solid;" width="1%"> </td></tr>
<tr style="font-size: 1px;"><td style="border-top: #000000 1px solid;" width="1%"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" align="left"> </td>
<td style="border-top: #000000 1px solid;" colspan="3" align="left"> </td>
<td style="border-top: #000000 1px solid;" width="1%"> </td></tr></table></div>
<div style="margin-top: 14pt; font-size: 9.5pt;" align="left"> The fair value of interest rate swaps and foreign currency forward contracts is determined using a market approach which includes obtaining directly or indirectly observable values from third parties active in the relevant markets. The primary input in the fair value of the interest rate swaps is the relevant LIBOR forward curve. Inputs in the fair value of the foreign currency forward contracts include prevailing forward and spot prices for currency and interest rate forward curves. The primary input in the fair value of the treasury rate locks is the treasury rate yield. </div></div> </div>
<div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 12 - LITIGATION </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> In the fiscal fourth quarter of 2010, the Company determined it would incur up to approximately $1.1 million relating to non-conforming inventory received from a supplier. The Company reached a settlement with the supplier during the fiscal first quarter of 2011 for $0.9 million, of which $0.8 million of recovery has been received and recorded in selling and administrative expenses as of April 2, 2011. </div></div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> In the fiscal first quarter of 2010, the Company received settlement funds of approximately $3.2 million related to a court case in which the Company was a plaintiff. The settlement related to prior purchases of inventory and therefore was recorded in cost of sales. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Company is party to certain other lawsuits in the ordinary course of business. Management does not believe that these proceedings, individually or in the aggregate, will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows. </div></div> </div>
<div> <div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 14 - NEW ACCOUNTING PRONOUNCEMENTS </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> In October 2009, the Financial Accounting Standards Board ("FASB") issued new accounting guidance for Multiple-Deliverable Revenue Arrangements, which establishes a selling price hierarchy for determining the selling price of a deliverable, replaces the term "fair value" in the revenue allocation guidance with "selling price," eliminates the residual method of allocation by requiring that arrangement consideration be allocated at the inception of the arrangement to all deliverables using the relative selling price method and requires that a vendor determine its best estimate of selling price in a manner that is consistent with that used to determine the price to sell the deliverable on a stand-alone basis. The Company adopted this guidance beginning October 3, 2010, and the adoption did not have a material effect on our financial position, results of operations, or cash flows. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> In June 2009, the FASB issued an amendment to the accounting and disclosure requirements for the consolidation of variable interest entities ("VIEs"). The elimination of the concept of a qualifying special-purpose entity ("QSPE") removes the exception from applying the consolidation guidance within this amendment. This amendment requires an enterprise to perform a qualitative analysis when determining whether or not it must consolidate a VIE. The amendment also requires an enterprise to continuously reassess whether it must consolidate a VIE. Additionally, the amendment requires enhanced disclosures about an enterprise's involvement with VIEs and any significant change in risk exposure due to that involvement, as well as how its involvement with VIEs impacts the enterprise's financial statements. Finally, an enterprise will be required to disclose significant judgments and assumptions used to determine whether or not to consolidate a VIE. The Company adopted this amendment beginning October 3, 2010, and the adoption did not have a material effect on our financial position, results of operations, or cash flows. </div></div> </div>
15153000
19268000
<div> <div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 15 - SUBSEQUENT EVENT </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> On April 21, 2011, the Company entered into a Note Purchase Agreement (the "Agreement") with certain institutional investors related to $175 million in principal amount of 5.20% Senior Notes, due on June 15, 2018 (the "Notes"). The Company issued $100 million in principal amount of the Notes on April 21, 2011, and it will issue the remaining $75 million on June 15, 2011. The Agreement includes operational and financial covenants which include a maximum total leverage ratio, a minimum interest coverage ratio and restrictions on additional indebtedness, liens and dispositions, all as defined in the Agreement. The Notes are unsecured and rank at least equally and ratably in point and security with the other unsecured and unsubordinated financing facilities of the Company. Our effective interest rate on the Notes after the treasury rate lock agreement discussed in Note 5 — Derivatives and Fair Value Measurements will be 4.97%. </div></div> </div>
360686000
322447000
311205000
279534000
6865000
11682000
399054000
407391000
1400000
1900000
1290379000
1207015000
1025991000
943641000
258382000
234028000
188244000
123381000
-24354000
-64863000
<div> <div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 13 - CONTINGENCIES </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> We were notified in April 2009 by U.S. Customs and Border Protection ("CBP") of its intention to conduct a customary Focused Assessment of our import activities during fiscal 2008 and of our processes and procedures to comply with U.S. Customs laws and regulations. We recorded an accrual in Other Accrued current liabilities at the time the amount became estimable and probable, which was not material to the financial statements. During September 2010, the Company reported errors relating to import trade activity from July 2004 to the date of Plexus' report. The Company is currently awaiting final determination of CBP duties and fees. Plexus has agreed that it will implement improved processes and procedures and review these corrective measures with CBP. At this time, we do not believe that any deficiencies in processes or controls or unanticipated costs, unpaid duties or penalties associated with this matter will have a material adverse effect on Plexus or the Company's consolidated financial position, results of operations or cash flows. </div></div> </div>
0.01
0.01
200000000
200000000
47849000
48102000
40403000
37928000
478000
481000
39318000
21030000
53710000
27671000
826365000
440507000
1023539000
512675000
27301000
29506000
<div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 4 - LONG-TERM DEBT </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> On April 4, 2008, the Company entered into its credit agreement (the "Credit Facility") with a group of banks which allows the Company to borrow $150 million in term loans and $100 million in revolving loans. The $150 million in term loans was immediately funded and the $100 million revolving credit facility is currently available. The Credit Facility is unsecured and the revolving credit facility may be increased by an additional $100 million (the "accordion feature") if the Company has not previously terminated all or any portion of the Credit Facility, there is no event of default existing under the Credit Facility and both the Company and the administrative agent consent to the increase. The Credit Facility expires on April 4, 2013. Borrowings under the Credit Facility may be either through term loans or revolving or swing loans or letter of credit obligations. As of April 2, 2011, the Company has term loan borrowings of $105.0 million outstanding and no revolving borrowings under the Credit Facility. </div></div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Credit Facility contains certain financial covenants, which include a maximum total leverage ratio, maximum value of fixed rentals and operating lease obligations, a minimum interest coverage ratio and a minimum net worth test, all as defined in the agreement. As of April 2, 2011, the Company was in compliance with all debt covenants. If the Company incurs an event of default, as defined in the Credit Facility (including any failure to comply with a financial covenant), the group of banks has the right to terminate the remaining Credit Facility and all other obligations, and demand immediate repayment of all outstanding sums (principal and accrued interest). The interest rate on the borrowing varies depending upon the Company's then-current total leverage ratio; as of April 2, 2011, the Company could elect to pay interest at a defined base rate or the LIBOR rate plus 1.00%. Rates would increase upon negative changes in specified Company financial metrics and would decrease upon reduction in the current total leverage ratio to no less than LIBOR plus 1.00%. The Company is also required to pay an annual commitment fee on the unused credit commitment based on its leverage ratio; the current fee is 0.25%. Unless the accordion feature is exercised, this fee applies only to the initial $100 million of availability (excluding the $150 million of term borrowings). Origination fees and expenses associated with the Credit Facility totaled approximately $1.3 million and have been deferred. These origination fees and expenses are being amortized over the five-year term of the Credit Facility. Equal quarterly principal repayments of the term loan of $3.75 million per quarter began on June 30, 2008 and end on April 4, 2013, with a balloon repayment of $75.0 million. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Credit Facility allows for the future payment of cash dividends or the future repurchases of shares provided that no event of default (including any failure to comply with a financial covenant) is existing at the time of, or would be caused by, a dividend payment or a share repurchase. </div>
<div style="margin-top: 10pt; font-family: 'Times New Roman',Times,serif; font-size: 9.5pt;" align="left">
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left">
<div class="WordSection1">
<div>
<div style="margin-top: 10pt;"><font style="font-size: 9.5pt;" class="_mt">
</font>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left">
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Interest expense related to the commitment fee and amortization of deferred origination fees and expenses for the Credit Facility totaled approximately $0.2 million for both the three months ended April 2, 2011 and April 3, 2010, and $0.3 million for both the six months ended April 2, 2011 and April 3, 2010. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> See Note 15 — Subsequent Event for information on the Company's fixed rate debt issued on April 21, 2011.</div></div></div></div></div></div></div></div></div></div> </div>
-4093000
360000
18959000
21976000
11787000
8265000
18811000
22726000
<div> <div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 7 - STOCK-BASED COMPENSATION </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Company recognized $3.1 million and $5.5 million of compensation expense associated with stock-based awards for the three and six months ended April 2, 2011, respectively, and $2.8 million and $4.7 million for the three and six months ended April 3, 2010, respectively. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Company continues to use the Black-Scholes valuation model to determine the fair value of stock options and stock-settled SARs. The Company uses the fair value at the date of grant to value restricted stock units and unrestricted stock awards. The Company recognizes stock-based compensation expense over the stock-based awards' vesting period. </div></div> </div>
0.97
0.52
1.22
0.60
0.95
0.51
1.19
0.59
<div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 6 - EARNINGS PER SHARE </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share (in thousands, except per share amounts): </div>
<div align="center">
<table style="font-size: 9.5pt;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr valign="bottom"><td width="35%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="7" nowrap="nowrap" align="center">Three Months Ended</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="7" nowrap="nowrap" align="center">Six Months Ended</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left"><u>Basic and Diluted Earnings Per Share</u>:</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Net income</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">23,860</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">20,714</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">48,893</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">38,558</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Basic weighted average common shares outstanding</div></td>
<td> </td>
<td> </td>
<td align="right">39,927</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,885</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40,197</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,736</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Dilutive effect of stock options outstanding</div></td>
<td> </td>
<td> </td>
<td align="right">732</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">876</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">737</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">793</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Diluted weighted average shares outstanding</div></td>
<td> </td>
<td> </td>
<td align="right">40,659</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40,761</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40,934</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40,529</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Earnings per share:</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Basic</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">0.60</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">0.52</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">1.22</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">0.97</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Diluted</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">0.59</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">0.51</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">1.19</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">0.95</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr></table></div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> For the three and six months ended April 2, 2011, stock options and stock-settled stock appreciation rights ("SARs") related to approximately 1.3 million and 1.2 million shares, respectively, were outstanding but were not included in the computation of diluted earnings per share because the options' and stock-settled SARs' exercise prices were greater than the average market price of the common shares and, therefore, their effect would be antidilutive. </div></div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> For the three and six months ended April 3, 2010, stock options and stock-settled SARs related to approximately 1.0 million and 1.2 million shares, respectively, were outstanding but were not included in the computation of diluted earnings per share because the options' and stock-settled SARs' exercise prices were greater than the average market price of the common shares and, therefore, their effect would be antidilutive. </div></div> </div>
-515000
464000
46639000
36255000
1643000
535000
-175000
-7000
95012000
50471000
110380000
55470000
39345000
21321000
50405000
24585000
<div> <div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 9 - INCOME TAXES </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Income tax expense for the three and six months ended April 2, 2011 was $0.7 million and $1.5 million, respectively. The effective tax rates for both the three and six months ended April 2, 2011 were 3 percent. As demonstrated in recent quarters, the Company's tax rate can vary during the year based on the mix of forecasted earnings by tax jurisdiction. The Company currently benefits from reduced taxes in the Asia Pacific segment due to tax holidays. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Income tax expense for the three and six months ended April 3, 2010 was $0.6 million and $0.8 million, respectively. The effective tax rates for the three and six months ended April 3, 2010 were 3 percent and 2 percent, respectively. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> As of April 2, 2011, there was no material change in the amounts recorded for uncertain tax positions. The Company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense. The amount of interest and penalties recorded for both the three and six months ended April 2, 2011 and April 3, 2010 was not material. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> It is reasonably possible that a number of uncertain tax positions related to federal and state tax positions may be settled within the next 12 months. Settlement of these matters is not expected to have a material effect on the Company's consolidated results of operations, financial position and cash flows. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Company maintains valuation allowances when it is more likely than not that all or a portion of a deferred tax asset will not be realized. Despite recent losses in the United States tax jurisdiction, the Company has concluded that it continues to be more likely than not that the net U.S. deferred tax assets will be realized, and no valuation allowance is warranted. Our net deferred income taxes as of April 2, 2011, reflect a $1.6 million valuation allowance against certain state deferred income taxes and a remaining valuation allowance of $1.0 million related to state tax deductions associated with stock-based compensation. If the United States operations continue to generate taxable losses, there may be a need to provide additional valuation allowance on our net United States deferred tax assets. </div></div> </div>
787000
607000
1512000
725000
91865000
-36205000
49574000
-32660000
15778000
-13801000
171000
2088000
109044000
5819000
1958000
4801000
4977000
2418000
4263000
2082000
<div> <div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 2 - INVENTORIES </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Inventories are stated at the lower of cost (on a first-in, first-out basis) or market value. The stated cost is comprised of direct materials, labor, and overhead. The major classes of inventories, net of applicable lower of cost or market write-downs, were as follows (in thousands): </div>
<div align="center">
<table style="font-size: 9.5pt;" border="0" cellspacing="0" cellpadding="0" width="85%">
<tr valign="bottom"><td width="64%"> </td>
<td width="5%"> </td>
<td width="2%"> </td>
<td width="8%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="2%"> </td>
<td width="8%"> </td>
<td width="3%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">October 2,</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Raw materials</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">365,735</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">365,883</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Work-in-process</div></td>
<td> </td>
<td> </td>
<td align="right">50,054</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">56,036</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Finished goods</div></td>
<td> </td>
<td> </td>
<td align="right">83,693</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">70,511</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td align="right">$</td>
<td align="right">499,482</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">492,430</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr></table></div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Per contractual terms, customer deposits are received by the Company to offset obsolete and excess inventory risks. The total amount of customer deposits related to inventory and included within current liabilities on the accompanying Condensed Consolidated Balance Sheets as of April 2, 2011 and October 2, 2010 was $28.1 million and $25.8 million, respectively. </div></div> </div>
492430000
499482000
823000
367000
566000
273000
1290379000
1207015000
502519000
450657000
136005000
125955000
112466000
103961000
17409000
17119000
2395000
-89463000
-31248000
-27448000
5014000
51584000
38558000
20714000
48893000
23860000
43610000
23388000
54259000
26410000
<div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left">NOTE 1 - BASIS OF PRESENTATION AND ACCOUNTING POLICIES </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"><i>Basis of Presentation</i> </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The accompanying condensed consolidated financial statements included herein have been prepared by Plexus Corp. and its subsidiaries ("Plexus" or the "Company") without audit and pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC"). In the opinion of the Company, the accompanying condensed consolidated financial statements reflect all adjustments, which include normal recurring adjustments necessary for the fair statement of the consolidated financial position of the Company as of April 2, 2011, and the results of operations for the three and six months ended April 2, 2011 and April 3, 2010, and the cash flows for the same six month periods. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Certain information and footnote disclosures, normally included in financial statements prepared in accordance with generally accepted accounting principles, have been condensed or omitted pursuant to the SEC's rules and regulations dealing with interim financial statements. However, the Company believes that the disclosures made in the condensed consolidated financial statements included herein are adequate to make the information presented not misleading. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company's 2010 Annual Report on Form 10-K. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Company's fiscal year ends on the Saturday closest to September 30. The Company also uses a "4-4-5" weekly accounting system for the interim periods in each quarter. Each quarter therefore ends on a Saturday at the end of the 4-4-5 period. Periodically, an additional week must be added to the fiscal year to re-align with the Saturday closest to September 30. The accounting periods for the three and six months ended April 2, 2011 and April 3, 2010 each included 91 days and 182 days, respectively. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> In the fiscal first quarter of 2011, we completed our migration to a regional reporting structure. This change included establishing regional targets for various financial metrics, delegating additional authority to the regions to manage their business, and changing our related internal reporting. Given this change to regional reporting and management, as well as in the information used by management for assessing performance and allocating Company resources, we modified our reporting segments. Prior to fiscal 2011, the Company's reportable segments consisted of the United States, Asia, Europe and Mexico. During the fiscal first quarter of 2011, we combined our United States and Mexico segments into the "Americas" (AMER) segment and renamed our Asia segment "Asia Pacific" (APAC) and our Europe segment "Europe, Middle East and Africa" (EMEA) to better represent our long-range regional focus. As a result, we have conformed all prior period segment presentations to be consistent with our current reportable segments. See Note 10 - Business Segment, Geographic and Major Customer Information for further information. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"><i>Cash and Cash Equivalents:</i> </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Cash and cash equivalents include highly liquid investments with original maturities of three months or less at the time of purchase. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"><i>Fair Value of Financial Instruments</i> </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Company holds financial instruments consisting of cash and cash equivalents, accounts receivable, accounts payable, debt, and capital lease obligations. The carrying value of cash and cash equivalents, accounts receivable, accounts payable and capital lease obligations as reported in the condensed consolidated financial statements approximate fair value. Accounts receivable were reflected at net realizable value based on anticipated losses due to potentially uncollectible balances. Anticipated losses were based on management's analysis of historical losses and changes in customers' credit status. The fair value of the Company's term loan debt was $98.6 million and $105.2 million as of April 2, 2011 and October 2, 2010, respectively. The carrying value of the Company's term loan debt was $105.0 million and $112.5 million as of April 2, 2011 and October 2, 2010, respectively. The Company uses quoted market prices when available or discounted cash flows to calculate the fair value of its term loan debt. </div></div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (or exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The accounting guidance establishes a fair value hierarchy based on three levels of inputs that may be used to measure fair value. The input levels are: </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Level 1: Quoted (observable) market prices in active markets for identical assets or liabilities. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Level 2: Inputs other than Level 1 that are observable, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the asset or liability. </div></div> </div>
16887000
17674000
1926000
1227000
2447000
2259000
-1166000
-911000
2370000
1552000
50484000
45330000
23539000
21994000
-111000
-16000
-157000
-16000
83421000
31435000
28186000
0.01
0.01
5000000
5000000
0
0
0
0
187000
738000
12872000
2315000
<div> <div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 11 - GUARANTEES </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Company offers certain indemnifications under its customer manufacturing agreements. In the normal course of business, the Company may from time to time be obligated to indemnify its customers or its customers' customers against damages or liabilities arising out of the Company's negligence, misconduct, breach of contract, or infringement of third party intellectual property rights. Certain agreements have extended broader indemnification, and while most agreements have contractual limits, some do not. However, the Company generally does not provide for such indemnities and seeks indemnification from its customers for damages or liabilities arising out of the Company's adherence to customers' specifications or designs or use of materials furnished, or directed to be used, by its customers. The Company does not believe its obligations under such indemnities are material. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> In the normal course of business, the Company also provides its customers a limited warranty covering workmanship, and in some cases materials, on products manufactured by the Company. Such warranty generally provides that products will be free from defects in the Company's workmanship and meet mutually agreed-upon specifications for periods generally ranging from 12 months to 24 months. If a product fails to comply with the Company's limited warranty, the Company's obligation is generally limited to correcting, at its expense, any defect by repairing or replacing such defective product. The Company's warranty generally excludes defects resulting from faulty customer-supplied components, design defects or damage caused by any party or cause other than the Company. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Company provides for an estimate of costs that may be incurred under its limited warranty at the time product revenue is recognized and establishes additional reserves for specifically identified product issues. These costs primarily include labor and materials, as necessary, associated with repair or replacement and are included in the Company's accompanying Condensed Consolidated Balance Sheets in other current accrued liabilities. The primary factors that affect the Company's warranty liability include the value and the number of shipped units and historical and anticipated rates of warranty claims. As these factors are impacted by actual experience and future expectations, the Company assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Below is a table summarizing the activity related to the Company's limited warranty liability for fiscal 2010 and for the six months ended April 2, 2011 (in thousands): </div>
<div align="center">
<table style="font-size: 9.5pt;" border="0" cellspacing="0" cellpadding="0" width="82%">
<tr valign="bottom"><td width="85%">
<p align="left"> </p></td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="18%"> </td>
<td width="1%"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Limited warranty liability, as of October 3, 2009</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">4,470</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Accruals for warranties issued during the period</div></td>
<td> </td>
<td> </td>
<td align="right">557</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Settlements (in cash or in kind) during the period</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(972</td>
<td nowrap="nowrap">)</td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Limited warranty liability, as of October 2, 2010</div></td>
<td> </td>
<td> </td>
<td align="right">4,055</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Accruals for warranties issued during the period</div></td>
<td> </td>
<td> </td>
<td align="right">108</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Settlements (in cash or in kind) during the period</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(316</td>
<td nowrap="nowrap">)</td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-top: #000000 1px solid;" colspan="2" nowrap="nowrap" align="right"> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Limited warranty liability, as of April 2, 2011</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,847</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-top: #000000 3px double;" colspan="2" nowrap="nowrap" align="right"> </td>
<td> </td></tr></table></div></div> </div>
<div> <div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 10pt;" align="left">NOTE 3 - PROPERTY, PLANT AND EQUIPMENT </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Property, plant and equipment consisted of the following categories (in thousands): </div>
<div align="center">
<table style="font-size: 9.5pt;" border="0" cellspacing="0" cellpadding="0" width="85%">
<tr valign="bottom"><td width="64%"> </td>
<td width="5%"> </td>
<td width="2%"> </td>
<td width="8%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="2%"> </td>
<td width="8%"> </td>
<td width="3%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">October 2,</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Land, buildings and improvements</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">151,997</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">138,230</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Machinery and equipment</div></td>
<td> </td>
<td> </td>
<td align="right">268,835</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">255,138</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Computer hardware and software</div></td>
<td> </td>
<td> </td>
<td align="right">81,771</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">79,108</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Construction in progress</div></td>
<td> </td>
<td> </td>
<td align="right">14,464</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,145</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td align="right">517,067</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">494,621</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Less: accumulated depreciation</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(279,632</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(258,907</td>
<td nowrap="nowrap">
<p align="left">)</p></td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td align="right">$</td>
<td align="right">237,435</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">235,714</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr></table></div></div> </div>
235714000
237435000
12120000
8892000
445568000
494380000
921377000
490978000
1133919000
568145000
<div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 10 - BUSINESS SEGMENT, GEOGRAPHIC AND MAJOR CUSTOMER INFORMATION </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> In the fiscal first quarter of 2011, we completed our migration to a regional reporting structure, and as a result, modified our reportable segments. See Note 1 — Basis of Presentation and Accounting Policies for further information. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company's resources on a regional basis. Net sales for segments are attributed to the region in which the product is manufactured or service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment's performance is evaluated based upon its operating income (loss). A segment's operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other costs, interest expense, other income (loss), and income taxes. Corporate and other costs primarily represent corporate selling and administrative expenses, and restructuring and impairment costs, if any. These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm's length transactions. The accounting policies for the regions are the same as for the Company taken as a whole. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Information about the Company's three reportable segments for the three and six months ended April 2, 2011 and April 3, 2010 were as follows (in thousands): </div>
<div align="center">
<table style="font-size: 9.5pt;" border="0" cellspacing="0" cellpadding="0" width="88%">
<tr valign="bottom"><td width="30%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="7" nowrap="nowrap" align="center">Three Months Ended</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="7" nowrap="nowrap" align="center">Six Months Ended</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Net sales:</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="line-height: 6pt;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;">AMER</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">332,389</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">308,243</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">676,447</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">585,687</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">APAC</div></td>
<td> </td>
<td> </td>
<td align="right">265,859</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">228,745</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">538,383</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">421,871</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">EMEA</div></td>
<td> </td>
<td> </td>
<td align="right">24,307</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,704</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">44,395</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32,567</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Elimination of inter-segment sales</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(54,410</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(64,714</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(125,306</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(118,748</td>
<td nowrap="nowrap">)</td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td align="right">$</td>
<td align="right">568,145</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">490,978</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">1,133,919</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">921,377</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Depreciation:</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="line-height: 6pt;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">AMER</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">3,812</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">3,304</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">7,502</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">6,538</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">APAC</div></td>
<td> </td>
<td> </td>
<td align="right">5,576</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,836</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,158</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,214</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">EMEA</div></td>
<td> </td>
<td> </td>
<td align="right">261</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">205</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">506</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">427</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Corporate</div></td>
<td> </td>
<td> </td>
<td align="right">1,772</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,412</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,560</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,632</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td align="right">$</td>
<td align="right">11,421</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">9,757</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">22,726</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">18,811</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Operating income (loss):</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="line-height: 6pt;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">AMER</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">18,999</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">17,033</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">37,499</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">36,536</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">APAC</div></td>
<td> </td>
<td> </td>
<td align="right">29,581</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">29,082</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">62,262</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">52,388</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">EMEA</div></td>
<td> </td>
<td> </td>
<td align="right">73</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">317</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(206</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(870</td>
<td nowrap="nowrap">)</td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Corporate and other costs</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(22,243</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(23,044</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(45,296</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(44,444</td>
<td nowrap="nowrap">)</td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td align="right">$</td>
<td align="right">26,410</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">23,388</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">54,259</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">43,610</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr></table></div>
<div align="center"> </div></div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div align="center">
<table style="font-size: 9.5pt;" border="0" cellspacing="0" cellpadding="0" width="88%">
<tr valign="bottom"><td width="30%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="7" nowrap="nowrap" align="center">Three Months Ended</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="7" nowrap="nowrap" align="center">Six Months Ended</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Capital expenditures:</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="line-height: 6pt;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">AMER</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">3,790</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">3,038</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">8,260</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">6,612</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">APAC</div></td>
<td> </td>
<td> </td>
<td align="right">8,484</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,638</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,041</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,648</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">EMEA</div></td>
<td> </td>
<td> </td>
<td align="right">1,796</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">152</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,985</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">346</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Corporate</div></td>
<td> </td>
<td> </td>
<td align="right">853</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,292</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,900</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,829</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td align="right">$</td>
<td align="right">14,923</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">19,120</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right"> 28,186</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right"> 31,435</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td width="64%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">October 2,</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Total assets:</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="line-height: 6pt;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">AMER</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">450,324</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">495,639</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">APAC</div></td>
<td> </td>
<td> </td>
<td align="right">585,892</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">539,543</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">EMEA</div></td>
<td> </td>
<td> </td>
<td align="right">86,978</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">84,786</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Corporate</div></td>
<td> </td>
<td> </td>
<td align="right">83,821</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">170,411</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td align="right">$</td>
<td align="right">1,207,015</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">1,290,379</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr></table></div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The following enterprise-wide information is provided in accordance with the required segment disclosures. Net sales to unaffiliated customers were based on the Company's location providing product or services (in thousands): </div>
<div align="center">
<table style="font-size: 9.5pt;" border="0" cellspacing="0" cellpadding="0" width="88%">
<tr valign="bottom"><td width="30%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="7" nowrap="nowrap" align="center">Three Months Ended</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="7" nowrap="nowrap" align="center">Six Months Ended</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Net sales:</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="line-height: 6pt;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">United States</div></td>
<td> </td>
<td align="right">$</td>
<td align="right">302,978</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">281,612</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">619,220</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">540,461</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Malaysia</div></td>
<td> </td>
<td> </td>
<td align="right">210,076</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">201,209</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">428,601</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">371,359</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">China</div></td>
<td> </td>
<td> </td>
<td align="right">55,783</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">27,536</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">109,782</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50,512</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">United Kingdom</div></td>
<td> </td>
<td> </td>
<td align="right">20,467</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,361</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,482</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32,143</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Mexico</div></td>
<td> </td>
<td> </td>
<td align="right">29,411</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26,631</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">57,227</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45,226</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Romania</div></td>
<td> </td>
<td> </td>
<td align="right">3,840</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">343</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,913</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">424</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Elimination of inter-segment sales</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(54,410</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(64,714</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(125,306</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">(118,748</td>
<td nowrap="nowrap">)</td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td align="right">$</td>
<td align="right">568,145</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">490,978</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">1,133,919</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right">921,377</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td></tr>
<tr valign="bottom"><td width="64%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">October 2,</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="3" nowrap="nowrap" align="center">2010</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;" align="left">Long-lived assets:</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="line-height: 6pt;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">United States</div></td>
<td> </td>
<td align="right">$</td>
<td align="right"> 56,583</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right"> 59,233</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Malaysia</div></td>
<td> </td>
<td> </td>
<td align="right">84,975</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">86,387</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">China</div></td>
<td> </td>
<td> </td>
<td align="right">26,591</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,920</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">United Kingdom</div></td>
<td> </td>
<td> </td>
<td align="right">8,230</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,248</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Mexico</div></td>
<td> </td>
<td> </td>
<td align="right">10,569</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,655</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Romania</div></td>
<td> </td>
<td> </td>
<td align="right">5,828</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,484</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Corporate</div></td>
<td> </td>
<td> </td>
<td align="right">44,659</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47,787</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td align="right">$</td>
<td align="right"> 237,435</td>
<td> </td>
<td> </td>
<td align="right">$</td>
<td align="right"> 235,714</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td style="border-top: #000000 3px double;" align="right"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr></table></div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> Long-lived assets as of April 2, 2011 and October 2, 2010, exclude other long-term assets totaling $25.9 million and $28.7 million, respectively. </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> The percentages of net sales to customers representing 10 percent or more of total net sales for the indicated periods were as follows: </div>
<div align="center">
<table style="font-size: 9.5pt;" border="0" cellspacing="0" cellpadding="0" width="88%">
<tr valign="bottom"><td width="32%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="6%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td>
<td width="3%"> </td>
<td width="4%"> </td>
<td width="6%"> </td>
<td width="3%"> </td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="7" nowrap="nowrap" align="center">Three Months Ended</td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="7" nowrap="nowrap" align="center">Six Months Ended</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 2,</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">April 3,</td></tr>
<tr style="font-size: 9.5pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2010</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2011</td>
<td> </td>
<td colspan="3" nowrap="nowrap" align="center">2010</td></tr>
<tr style="font-size: 1px;"><td> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" colspan="7" align="left"> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" colspan="7" align="left"> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 30px;" align="left">Juniper Networks, Inc. ("Juniper")</div></td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">16</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">15</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">17</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="right"> </td>
<td align="right">16</td>
<td nowrap="nowrap">%</td></tr></table></div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> No other customers accounted for 10 percent or more of net sales in either period. </div></div> </div>
51402000
27083000
56121000
29060000
4675000
5490000
651855000
630403000
<div> <div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 20pt; font-size: 9.5pt;" align="left">NOTE 8 - SHAREHOLDERS' EQUITY </div>
<div style="margin-top: 10pt; font-size: 9.5pt;" align="left"> On February 16, 2011, as previously announced, the Company's Board of Directors approved a new share repurchase program that authorizes the Company to repurchase up to $200 million of common stock. As of April 2, 2011, the Company has repurchased 2.7 million shares for approximately $83.4 million, at an average price of $30.57 per share. These shares were recorded as treasury stock. As of April 2, 2011, the Company had a commitment of approximately $10.2 million related to the purchase of 0.3 million shares, which were purchased before April 2, 2011, but settled after the end of the fiscal second quarter. </div></div> </div>
7446000
10174000
200110000
283531000
40529000
40761000
40934000
40659000
39736000
39885000
40197000
39927000