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)