Long Term Debt (Tables)

6 Months Ended

Jun. 24, 2012

Long-Term Debt [Abstract]

Summary of company's long-term debt

As of June 24, 2012, and December 25, 2011, the Company’s long-term debt consisted of the following (in thousands):

			Carrying Value
	Face Value at June  24, 2012		June 24, 2012		December 25, 2011
Notes:
11.50% senior secured notes due in 2017	$	846,000	$	839,404	$	843,652
4.625% notes due in 2014		66,438		63,726		77,406
5.750% notes due in 2017		286,138		272,167		318,624
7.150% debentures due in 2027		89,188		83,087		82,891
6.875% debentures due in 2029		276,230		255,517		254,903
Long-term debt	$	1,563,994	$	1,513,901	$	1,577,476

Repurchase of notes

During the six months ended June 24, 2012, the Company repurchased $70.5 million of notes in privately negotiated transactions, as follows (in thousands):

	Face Value
11.50% senior secured notes due in 2017	$	5,000
4.625% notes due in 2014		15,000
5.750% notes due in 2017		50,500
Total notes repurchased	$	70,500

Annual maturities of debt

The following table presents the approximate annual maturities of debt as of June 24, 2012, based upon the Company’s required payments for the next five years and thereafter (in thousands):

Year	Payments
2012	$	—
2013		—
2014		66,438
2015		—
2016		—
Thereafter		1,497,556
Debt principal	$	1,563,994