Long Term Obligations (Tables)

12 Months Ended

Dec. 02, 2012

Long Term Obligations

Schedule of long term obligations

Long term debt as of December 2, 2012 and November 27, 2011 consisted of the following (in thousands):

	December 2, 2012			November 27, 2011
Asset-based revolving credit facility	$	—		$	—
Senior notes		263,619			296,119
Convertible notes(1)		194,399			185,268
Senior subordinated notes		268,945			268,945
Financing obligations(2)		39,961			41,225
Other		2,642			324
		769,566			791,881
Less current portion		(4,045	)		(1,584	)
	$	765,521		$	790,297

(1)

Convertible notes includes accrued paid in kind interest of $6.8 million and $6.1 million for which the principal balance of the Convertible Notes had not yet been increased at December 2, 2012 and November 27, 2011, respectively.

(2)

Financing obligations are related to facilities in which the Company was involved in the construction that have been capitalized in accordance with the FASB's authoritative guidance on the effect of lessee involvement in asset construction. The related leases have terms ranging from 10 to 16 years.

Schedule of components of refinancing and extinguishment of debt

	December 2, 2012		November 27, 2011
Premium paid to repurchase the notes	$	1,050	$	300
Write-off of related debt issuance costs and original issue discount		1,862		643

Long Term Obligations

Schedule of beneficial conversion feature for the entire amount of the PIK interest payment

	December 2, 2012		November 27, 2011		November 28, 2010
	(in thousands)
January 15	$	7,114	$	7,563	$	6,991
July 15		7,654		7,864		7,271
	$	14,768	$	15,427	$	14,262

Schedule of maturities of the principal amounts of long term obligations

At December 2, 2012, the annual scheduled maturities of the principal amounts of long term obligations were as follows (in thousands):

2013	$	4,045
2014		270,774
2015		1,961
2016		460,158
2017		2,449
Thereafter		30,179
	$	769,566

Senior notes

Long Term Obligations

Schedule of redemption prices expressed as percentages of principal amount

Year	Percentage of Principal Amount
2012		108.156	%
2013		105.438	%
2014		102.719	%
2015 and thereafter		100.000	%