Debt Reorganization Cost (Tables)

9 Months Ended

Jun. 29, 2014

Debt Disclosure [Abstract]

Reorganization Costs [Table Text Block]

Debt financing costs are summarized as follows:

(Thousands of Dollars)
Prepayment premium - previous 2nd lien agreement	1,750
Unamortized loan fees from previous credit agreements	10,549
Fees paid in cash to arrangers, lenders, attorneys and others	24,181
Original issue discount - 1st Lien Term Loan	5,000
Fair value of Warrants granted to 2nd Lien Lenders	16,930
	58,410
Charged to expense as a result of debt extinguishment	20,591
Capitalized debt financing costs	37,819

As a result of the Plan, we recognized $37,765,000 of reorganization costs in the 2012 Consolidated Statements of Operations and Comprehensive Income (Loss). The components of reorganization costs are summarized as follows:

(Thousands of Dollars)
Unamortized loan fees from previous credit agreements	1,740
Fees paid in cash to lenders, attorneys and others	38,628
Noncash fees paid in the form of additional debt	12,250
Fair value of stock granted to 2nd Lien Lenders	9,576
Present value adjustment	(23,709	)
	38,485
Charged to expense in 2012	37,765
Charged to expense in 2011 as other non-operating expense	720