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Subsequent Event
12 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
Subsequent Event
Subsequent Event

On June 2, 2015, the Company entered into the Third Amendment to the Amended and Restated Credit Agreement (the “Third Amendment"), which amended the credit agreement, as amended (the “Credit Agreement”), governing the Company’s senior secured credit facility. The Third Amendment modified the definition of Consolidated EBIT to permit add backs for specified periods for reserves taken with respect to receivables, restructuring charges and adjustments for applying the rule of lower of cost or market to inventories, modified the Minimum Consolidated Interest Coverage Ratio to 1.60 to 1.00 for the periods ending June 30, 2015 and September 30, 2015, 1.65 to 1.00 for the period ending December 31, 2015 and 1.70 to 1.00 for the period ending March 31, 2016, modified the Maximum Consolidated Leverage Ratio to 7.60 to 1.00 for the periods ending June 30, 2015 and September 30, 2015 and 7.15 to 1.00 for the period ending December 31, 2015, modified the restricted payments covenant to permit repayment of the Company’s Senior Secured Second Lien Notes by up to $50,000 in any fiscal year, with carry forward of any unused amount into the next fiscal year, modified a covenant to provide a 90-day cure period if Uncommitted Inventories (as defined in the Credit Agreement) exceed the threshold of $250,000, but only to the extent that they do not exceed $285,000, and provides for first-lien mortgages on the Company’s facilities located in Farmville, King and Wilson, North Carolina. See Note 8 “Long-Term Debt-Senior Secured Credit Facility-Financial Covenants” to the “Notes to Consolidated Financial Statements” for further information.

On May 28, 2015, the Company’s Board of Directors approved a 1-for-10 reverse stock split of the Company’s common stock to be effective after the close of business on June 26, 2015. The Company’s shareholders granted the Board of Directors discretionary authority to effect this reverse stock split at the Company’s special meeting of shareholders held on May 27, 2015. If the reverse stock split had been effective as of March 31, 2015, the Company's basic loss per share and diluted loss per share would have been $(1.75) and $(1.75), respectively.