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LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 29, 2013
LONG-TERM DEBT  
Summary of company's long-term debt

 

 
    
   Carrying Value  
(in thousands)
   Face Value at
December 29,
2013		   December 29,
2013		   December 30,
2012		  

Notes:

                    

9.00% senior secured notes due in 2022

   $ 900,000   $ 900,000   $ 910,000  

11.50% senior secured notes due in 2017

     —     —     83,016  

4.625% notes due in 2014

     28,965     28,548     64,326  

5.750% notes due in 2017

     261,298     252,259     273,559  

7.150% debentures due in 2027

     89,188     83,684     83,291  

6.875% debentures due in 2029

     276,230     257,380     256,154  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Long-term debt

   $ 1,555,681   $ 1,521,871   $ 1,670,346  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Less current portion

           28,548     83,016  
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total long-term debt, net of current

         $ 1,493,323   $ 1,587,330  
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                 
Redeemed or repurchase of notes

During the year ended December 29, 2013, we redeemed or repurchased a total of $155.9 million of notes through the completion of our debt refinancing described below and through privately negotiated transactions, as follows:

(in thousands)
   Face Value  

11.50% senior secured notes due in 2017

   $ 83,595  

9.00% senior secured notes due in 2022

     10,000  

4.625% notes due in 2014

     37,473  

5.750% notes due in 2017

     24,840  
       
​ ​ ​ ​ ​

Total notes redeemed or repurchased

   $ 155,908  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​
       
Annual maturities of debt

The following table presents the approximate annual maturities of outstanding long-term debt as of December 29, 2013, based upon our required payments, for the next five years and thereafter:

Year   Payments
(in thousands)		  
2014   $ 28,965  
2015     —  
2016     —  
2017     261,298  
2018     —  
Thereafter     1,265,418  
       
​ ​ ​ ​ ​
Debt principal   $ 1,555,681  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​