DEBT AND LINES OF CREDIT (Tables)

9 Months Ended

Sep. 28, 2013

DEBT AND LINES OF CREDIT

Schedule of long-term debt

In thousands	September 28, 2013			December 29, 2012			September 29, 2012
6.0% Convertible Senior Notes, due June 2014 (a)		$	--		$	18,287		$	28,687
10.5% Senior Secured Notes, due April 2019		382,588			383,662			384,033
Revolving credit facility		136,233			--			--
Capital lease obligations (b)		9,898			4,345			5,489
Total debt		528,719			406,294			418,209
Less: Short-term borrowings (c)		137,440			4,345			4,681
Convertible Notes (d)		--			18,287			28,687
Long-term debt		$	391,279		$	383,662		$	384,841

(a)	The decrease in the balance compared to September 29, 2012 reflected the exchange of the remaining aggregate principal amount of the $90.0 million Convertible Senior Notes (the “Convertible Notes”) during the last 12 months. The balance at December 29, 2012 and September 29, 2012 represented principal of $19.9 million and $31.6 million, respectively and an unamortized debt discount of $1.6 million and $2.9 million, respectively.
(b)	The increase in the balance compared to September 29, 2012 primarily reflected the sale-leaseback for the office building in North Bergen, NJ during the second quarter of 2013.
(c)	At September 28, 2013, the balance consisted of outstanding borrowings under the Company’s amended and restated revolving credit facility (as amended to date, the “Amended Facility”) and obligations under capital leases. At December 29, 2012 and September 29, 2012, the balance consisted of obligations under capital leases.
(d)	The Convertible Notes were reflected as a current liability since they were convertible at December 29, 2012 and September 29, 2012.

Schedule of availability under the Company's prior Amended Facility

As of September 28, 2013, availability under the Company’s Amended Facility was as follows:

In thousands	Total Facility (a)	Borrowing Base (a)	Outstanding Borrowings	Letters of Credit Issued	Available Capacity	Excess Capacity (b)
Revolving credit facility (a)	$350,000	$341,329	$136,233	$19,513	$185,583	$150,583

(a)	Availability under the Amended Facility is the lesser of $350.0 million or a borrowing base comprised primarily of eligible cash, accounts receivable and inventory.
(b)	Excess capacity represents available capacity reduced by the minimum required aggregate borrowing availability under the Amended Facility of $35.0 million.