Consolidated Statement Of Operations For The Fiscal Years Ended Sept. 29, 2002, and Sept. 30, 2001

 

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PREDECESSOR

COMPANY

                                Fiscal Year ended       Fiscal Year ended

                                  Sept. 29, 2002          Sept. 30, 2001

NET SALES                        $   513,173,000           $   643,519,000

COSTS AND EXPENSES:

           Cost of goods sold        487,114,000               612,707,000

           Selling and administrative

                                      65,380,000                82,274,000

             Reorganization costs     14,350,000                        --

           Restructuring and impaired asset charges

                                      71,050,000                71,375,000

                                     637,894,000               766,356,000

OPERATING LOSS                      (124,721,000)             (122,837,000)

OTHER EXPENSE:

              Interest expense        14,080,000                25,292,000

              Fresh start adjustments

                                      16,393,000                        --

              (Gain) loss on debt restructuring

                                     (20,588,000)                4,725,000

              Impaired investments     8,063,000                11,451,000

              Other expense (income), net

                                      (2,963,000)                  911,000

                                      14,985,000                42,379,000

LOSS BEFORE INCOME TAX BENEFIT      (139,706,000)             (165,216,000)

INCOME TAX BENEFIT                   (16,393,000)               (4,459,000)

NET LOSS                         $  (123,313,000)          $  (160,757,000)

NET LOSS PER SHARE:

           Basic                 $        (6.66)          $        (8.48)

           Diluted                        (6.66)                   (8.48)