N O T E 1 4 - F
a i r V a l u e o f F i n a n c i a l I n s t r
u m e n t s
| |
|
|
|
|
| |
December 31, 2000
|
January 2, 2000
|
| (Dollars in
thousands) |
Fair
Value
|
Carrying
Amount
|
Fair
Value
|
Carrying
Amount
|
 |
| Assets |
|
|
|
|
| Cash and equivalents |
$
|
56,381
|
$
|
56,381
|
$
|
56,957
|
$
|
56,957
|
| Trading securities |
295
|
295
|
380
|
380
|
| Interest rate swap |
1,677
|
-
|
1,186
|
-
|
| |
|
|
|
|
| Liabilities |
|
|
|
|
| Long-term debt, including current
portion |
$
|
203,552
|
$
|
203,520
|
$
|
203,514
|
$
|
203,520
|
The carrying amount of cash equivalents approximates fair value because
of the short maturities of those instruments. The fair value of trading
securities is based on quoted market prices. The fair values of the interest
rate swap and long-term debt are estimated using discounted cash flow analysis
based on the Company's assumed incremental borrowing rates for similar types
of borrowing arrangements.
|
