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documents. The Audit Committee reviews and discusses with management our major financial risks, including
any risk assessment or risk management policies. The Audit Committee receives regular reports regarding
enterprise risk from our Internal Audit Department and independent accountants and informs the Board of
Directors of such matters through regular committee reports. In addition to receiving regular reports from the
Audit Committee concerning our enterprise risk, the Board of Directors also reviews information concerning
other risks through regular reports of its other committees, including information regarding financial risk
management from the Finance Committee, compensation-related risk from the Compensation Committee and
governance-related risk from the Nominating and Corporate Governance Committee.
Report of the Audit Committee
The following is the report of the Audit Committee with respect to the Company's audited consolidated
financial statements for the fiscal year ended December 31, 2011, which includes the consolidated balance sheets
of the Company as of December 31, 2011 and January 1, 2011, and the related consolidated statements of income
and comprehensive income, stockholders' equity and cash flows for each of the three years in the period ended
December 31, 2011, and the notes thereto. The information contained in this report shall not be deemed to be
"soliciting material" or to be "filed with the SEC" or subject to the liabilities of Section 18 of the Exchange Act
nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933, as
amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference in
such filing.
Review and Discussions with Management
The Audit Committee has reviewed and discussed the Company's audited consolidated financial statements
with management.
Review and Discussions with Independent Registered Public Accounting Firm
The Audit Committee has discussed with Deloitte & Touche LLP the matters required to be discussed by
Statement on Auditing Standards No. 61, as amended (Codification of Statements on Auditing Standards, AU
380), "Communication with Audit Committees" that includes, among other items, matters related to the conduct
and the results of the audit of the Company's consolidated financial statements.
The Audit Committee has also received the written disclosures and the letter from Deloitte & Touche LLP
required by applicable requirements of the Public Company Accounting Oversight Board regarding Deloitte &
Touche LLP's communications with the Audit Committee concerning independence and has discussed with
Deloitte & Touche LLP its independence from the Company.
Based on the review and discussions referred to above, the Audit Committee recommended to the
Company's Board of Directors that the Company's audited consolidated financial statements be included in the
Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011.
Jeffrey N. Boyer, Chairman
Elaine Agather
James E. Skinner
Corporate Governance
The Company, with the oversight of the Board of Directors and its committees, operates within a
comprehensive plan of corporate governance for the purpose of defining independence, assigning
responsibilities, setting high standards of professional and personal conduct and assuring compliance with such