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Debt Issuance Costs
6 Months Ended
May 27, 2012
Debt Issuance Costs  
Debt Issuance Costs

Note 7: Debt Issuance Costs

Senior Note Redemptions

        During the three and six months ended May 27, 2012 and May 29, 2011, the Company redeemed portions of the principal amount of its outstanding senior secured notes due April 2016 (the "Senior Notes") at a redemption price of 103% of the principal amount of the notes, plus accrued and unpaid interest to the redemption date.

        In connection with these redemptions, the Company recognized the following charges, which were recorded as a component of refinancing and extinguishment of debt in the Condensed Consolidated Statements of Operations for the three and six months ended (in thousands):

 
  Three Months Ended   Six Months Ended  
 
  May 27, 2012   May 29, 2011   May 27, 2012   May 29, 2011  

Principal amount redeemed

  $ 25,000   $ 10,000   $ 35,000   $ 10,000  
                   

Premium paid to redeem the notes

  $ 750   $ 300   $ 1,050   $ 300  

Write-off of related debt issuance costs and original issue discount

    1,309     643     1,862     643  
                   

 

  $ 2,059   $ 943   $ 2,912   $ 943  
                   

ABL Revolver Amendment

        On May 9, 2012, the Company amended and restated its existing senior secured asset-based revolving credit facility to extend the stated maturity of this facility until May 2017 and amend certain other provisions. In connection with this amendment, the Company recorded fees of $1.0 million which were deferred and will be amortized over the life of the amended agreement. As of May 27, 2012, $0.3 million of these fees had not yet been paid and were recorded as a component of other accrued liabilities in the accompanying Condensed Consolidated Balance Sheets. In addition, the remaining unamortized debt issuance costs associated with the existing senior revolving credit facility will continue to be amortized over the life of the agreement, as amended, in accordance with the authoritative accounting guidance surrounding debtor's accounting for changes in line-of-credit or revolving-debt arrangements.