Notes, Mortgage Notes and Obligations Payable	3 Months Ended
Notes, Mortgage Notes and Obligations Payable	Mar. 29, 2014
Debt Disclosure [Abstract]
Notes, Mortgage Notes and Obligations Payable	Notes, Mortgage Notes and Obligations Payable Senior Secured Asset-Based Revolving Credit Facility (the "ABL Facility") As of March 29, 2014, the Company had approximately $35.0 million in outstanding borrowings, and approximately $13.0 million in outstanding letters of credit, under the ABL Facility. Based on the February 2014 borrowing base calculations, at March 29, 2014, the Company had excess availability of approximately $216.4 million and approximately $183.4 million of excess availability before triggering the cash deposit requirements under the ABL Facility. Debt Covenant Compliance The indenture governing the 10% Senior Notes due 2018 (the "10% Notes") contains certain restrictive financial and operating covenants including covenants that restrict, among other things, the payment of cash dividends, the incurrence of additional indebtedness, the making of certain investments, mergers, consolidations, and the sale of assets (all as defined in the indenture and other agreements). As of March 29, 2014, the Company had the capacity to make certain payments, including dividends, under the 10% Notes of approximately $53.9 million. As of March 29, 2014, the Company was in compliance with all covenants under the indentures that govern the 10% Notes and the 8.5% Senior Notes due 2021 (the "8.5% Notes") and the credit agreements that govern the ABL Facility and the senior secured term loan due 2017 ("Term Loan Facility"). Second Quarter 2014 Debt Transactions In connection with the acquisition of Reznor, on April 30, 2014, the Company entered into a new senior secured term loan facility for $350.0 million. The net proceeds from the new senior secured term loan facility were used to acquire Reznor and to repay all of the outstanding secured debt under the Company's existing Term Loan Facility, which had an aggregate principal amount outstanding of approximately $93.0 million at March 29, 2014. The new senior secured term loan facility is repayable in quarterly installments of $875,000 with a balloon payment for the remaining balance due on October 30, 2020. Loans under the new senior secured term loan facility bear interest, at the Company's option, at a rate per annum equal to either (1) a base rate (as defined in the credit agreement governing the new senior secured term loan) or (2) a Eurodollar rate (as defined in the credit agreement governing the new senior secured term loan), in each case plus an applicable margin. The interest rate related to the new senior secured term loan facility was approximately 3.75% at April 30, 2014.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details