Debt (Tables)

12 Months Ended

Dec. 28, 2012

Debt [Abstract]

Long-term debt, net of discount

Long-term debt, net of discount, as of December 28, 2012 and December 30, 2011 consisted of the following (in thousands):

	2012			2011
Oaktree term loans	$	103,514		$	--
Senior convertible notes		22,315			50,000
Senior credit facility		--			43,950
Less: Oaktree term loans discount		(29,076	)		--
	$	96,753		$	93,950

Oaktree term loans

As of December 28, 2012, the Oaktree term loans had a carrying value of $74.4 million, reconciled as follows:

	Term A			Term B			Total
Amount borrowed	$	75,000		$	28,514		$	103,514
Discount associated with warrant and common stock		(21,449	)		(8,154	)		(29,603	)
Carrying value, November 20, 2012		53,551			20,360			73,911
Accretion of discount		377			150			527
Carrying value, December 28, 2012	$	53,928		$	20,510		$	74,438

Secured leverage and net debt leverage ratio requirements

The Secured Leverage and Net Debt Leverage Ratio requirements, as defined in the agreement are set forth in the table below:

Test Period End Date(s)	Secured Leverage Ratio	Total Net Debt Leverage Ratio
December 31, 2012 through December 31, 2013 (1)	11.00 to 1.00	12.00 to 1.00
March 31, 2014	5.00 to 1.00	5.50 to 1.00
June 30, 2014	4.90 to 1.00	5.20 to 1.00
September 30, 2014	4.80 to 1.00	5.00 to 1.00
December 31, 2014	4.50 to 1.00	4.50 to 1.00
March 31, 2015	3.50 to 1.00	3.50 to 1.00
June 30, 2015	3.40 to 1.00	3.40 to 1.00
September 30, 2015	3.30 to 1.00	3.30 to 1.00
Thereafter	3.00 to 1.00	3.00 to 1.00
(1)    Subject to the forbearance agreement dated March 11, 2013.

Aggregate maturities of long-term debt

The aggregate maturities of long-term debt at December 28, 2012, excluding future payment in kind interest elections made on our Oaktree term loans, are as follows (in thousands):

Year Ending
2013	$	--
2014		22,315
2015		--
2016		--
2017		103,514
Thereafter	$	--