XML 32 R81.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long Term Obligations (Details) (USD $)
12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 02, 2012
Nov. 27, 2011
Nov. 28, 2010
Dec. 02, 2012
Sealy Mattress Company
May 20, 2012
Senior notes
Dec. 21, 2011
Senior notes
May 27, 2011
Senior notes
May 29, 2009
Senior notes
May 20, 2009
Senior notes
Dec. 02, 2012
Senior notes
Nov. 27, 2011
Senior notes
Nov. 28, 2010
Senior notes
Dec. 02, 2012
Senior notes
Twelve month period commencing on the date of issuance
Dec. 02, 2012
Senior notes
On or after April 15, 2012
Dec. 02, 2012
Senior notes
On or after April 15, 2013
Dec. 02, 2012
Senior notes
On or after April 15, 2014
Dec. 02, 2012
Senior notes
On or after April 15, 2015
Dec. 02, 2012
Senior notes
Minimum
Dec. 02, 2012
Senior notes
Maximum
Jul. 15, 2012
Convertible notes
Jan. 15, 2012
Convertible notes
Dec. 02, 2012
Convertible notes
Nov. 27, 2011
Convertible notes
Nov. 28, 2010
Convertible notes
Dec. 02, 2012
Convertible notes
January 15
Nov. 27, 2011
Convertible notes
January 15
Nov. 28, 2010
Convertible notes
January 15
Dec. 02, 2012
Convertible notes
July 15
Nov. 27, 2011
Convertible notes
July 15
Nov. 28, 2010
Convertible notes
July 15
Dec. 02, 2012
Senior subordinated notes
Nov. 27, 2011
Senior subordinated notes
Dec. 02, 2012
Senior subordinated notes
Minimum
Dec. 02, 2012
Senior subordinated notes
Maximum
Dec. 02, 2012
Financing obligations
Nov. 27, 2011
Financing obligations
Dec. 02, 2012
Financing obligations
Minimum
Dec. 02, 2012
Financing obligations
Maximum
Dec. 02, 2012
Other
Nov. 27, 2011
Other
Dec. 02, 2012
Amended ABL Revolver
May 09, 2012
Amended ABL Revolver
Dec. 02, 2012
Amended ABL Revolver
LIBOR
Dec. 02, 2012
Amended ABL Revolver
LIBOR
Minimum
Dec. 02, 2012
Amended ABL Revolver
LIBOR
Maximum
Dec. 02, 2012
Amended ABL Revolver
Base rate
Dec. 02, 2012
Amended ABL Revolver
Base rate
Minimum
Dec. 02, 2012
Amended ABL Revolver
Base rate
Maximum
Long Term Obligations                                                                                                
Long-term obligation, gross $ 769,566,000 $ 791,881,000               $ 263,619,000 $ 296,119,000                     $ 194,399,000 $ 185,268,000               $ 268,945,000 $ 268,945,000     $ 39,961,000 $ 41,225,000     $ 2,642,000 $ 324,000                
Less current portion 4,045,000 1,584,000                                                                                            
Long term obligation 765,521,000 790,297,000                                                                                            
PIK interest 24,539,000 19,994,000 16,109,000                                     6,800,000 6,100,000                                                  
Lease term                                                                         10 years 16 years                    
Aggregate principal amount                   270,000,000                       221,100,000                 268,900,000                                  
Interest rate (as a percent)               10.875%   10.875%                       8.00%                 8.25%                                  
Deferred debt issuance costs                                                                                   1,200,000            
Maximum borrowing capacity                                                                                 100,000,000              
Maximum borrowing capacity if accordion feature is exercised                                                                                 150,000,000 150,000,000            
Borrowing base as a percentage of eligible receivables                                                                                 85.00%              
Borrowing base as a percentage of net orderly liquidation value of eligible inventory                                                                                 85.00%              
Borrowing base as a percentage of net orderly liquidation value of eligible inventory                                                                                 75.00%              
Description of variable rate                                                                                     LIBOR     base rate    
Applicable margin (as a percent)                                                                                       0.75% 1.25%   1.75% 2.25%
Amount available at the end of the period                                                                                 50,700,000              
Letters of credit outstanding amount                                                                                 17,400,000              
Fixed charge coverage ratio required to be maintained in periods of minimum availability                                                                                 1.0              
Period of minimum availability for which specified fixed charge coverage ratio is to be maintained                                                                                 2 days              
Minimum availability as a percentage of borrowing base                                                                                 12.50%              
Minimum availability, amount                                                                                 10,000,000              
Debt instrument issued               350,000,000                                                                                
Proceeds from issuance of notes               335,900,000                                                                                
Original issue discount               14,100,000                                                                                
Imputed interest rate (as a percent)               11.75%                                                                                
Interest expense related to the accretion of OID 1,578,000 1,485,000 1,431,000             1,600,000 1,500,000 1,400,000                                                                        
Principal amount redeemed         10,000,000 25,000,000 10,000,000   10,000,000                                                                              
Redemption price of debt instrument (as a percent)                   103.00%     103.00% 108.156% 105.438% 102.719% 100.00%                           100.00%                                  
Redemption price of debt instrument in the event of a change in control (as a percent)                   101.00%                                         101.00%                                  
Redemption as a percentage of aggregate principal amount                         10.00%                                                                      
Redemption notice period                                   30 days 60 days                           30 days 60 days                            
Initial conversion price (in dollars per share)                                           $ 1.00                                                    
Fair value of the underlying common stock (in dollars per share)                                       $ 1.90 $ 1.87                                                      
Beneficial conversion feature recognized as percentage of the total PIK interest payment                                       90.00% 87.00%                                                      
Amounts recognized as beneficial conversion features                                                 7,114,000 7,563,000 6,991,000 7,654,000 7,864,000 7,271,000                                    
Total                                           14,768,000 15,427,000 14,262,000                                                
Unamortized beneficial conversion features                                           33,600,000                                                    
Restricted net asset of subsidiaries       221,400,000                                                                                        
Unrestricted net asset of subsidiaries       30,000,000                                                                                        
Weighted average borrowing cost (as a percent) 11.60% 11.10% 10.70%                                                                                          
Annual scheduled maturities of the principal amounts of long term obligations                                                                                                
2013 4,045,000                                                                                              
2014 270,774,000                                                                                              
2015 1,961,000                                                                                              
2016 460,158,000                                                                                              
2017 2,449,000                                                                                              
Thereafter 30,179,000                                                                                              
Total maturities of the principal amounts of long term obligations 769,566,000 791,881,000               263,619,000 296,119,000                     194,399,000 185,268,000               268,945,000 268,945,000     39,961,000 41,225,000     2,642,000 324,000                
Additional disclosure                                                                                                
Interest component $ 19,300,000