SUBSEQUENT EVENTS

3 Months Ended

Apr. 28, 2012

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

13.          SUBSEQUENT EVENTS

On May 22, 2012, the Company declared a quarterly cash dividend of $0.05 per share on shares of Class A common stock and common stock, payable August 1, 2012 to shareholders of record as of July 13, 2012.

On June 4, 2012, the Company announced the commencement of an offer to certain eligible note holders to exchange its outstanding 10¼% Senior Notes due 2014 (the “Old Notes”) for newly issued 105/8% Second Lien Senior Secured Notes due 2017 (the “New Notes”) upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated June 4, 2012 (the “Exchange Offer”).  The New Notes will be secured by a second-priority lien on substantially all of the current and future assets of the Company and will mature on July 15, 2017.  There is no minimum amount of Old Notes that must be tendered in the Exchange Offer.  The Exchange Offer will expire on July 3, 2012, unless extended.