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LONG-TERM DEBT (Tables)
6 Months Ended
Jul. 01, 2018
LONG-TERM DEBT  
Summary of company's long-term debt

 

 

 

 

 

 

 

 

 

 

 

 

 

Face Value at

 

Carrying Value

 

 

 

July 1,

 

July 1,

 

December 31,

 

(in thousands)

 

2018

 

2018

 

2017

 

Notes:

    

 

    

    

 

    

    

 

    

 

9.00% senior secured notes due in 2022

 

$

344,101

 

$

339,976

 

$

433,819

 

7.150% debentures due in 2027

 

 

89,188

 

 

85,458

 

 

85,262

 

6.875% debentures due in 2029

 

 

276,230

 

 

262,925

 

 

262,311

 

Long-term debt

 

$

709,519

 

$

688,359

 

$

781,392

 

Less current portion

 

 

 —

 

 

 —

 

 

74,140

 

Total long-term debt, net of current

 

$

709,519

 

$

688,359

 

$

707,252

 

 

Summary of reduction of outstanding debt

 

 

 

 

 

 

 

Six Months Ended

 

July 1,

    

June 25,

 

2018

 

2017

(in thousands)

Face Value

 

Face Value

9.00% senior secured notes due in 2022

$

95,529

 

$

15,000