DELAWARE		75-2147728
(State of Incorporation)		(IRS Employer Identification No.)
One Lake Circle Drive, Kannapolis, North Carolina		28081
(Address of Principal Executive Offices)		(Zip Code)

Class		Outstanding at November 1, 2002
Common Stock, $0.01 par value		19,095,215

				Page No.
Part I—Financial Information
Item 1.		Unaudited Consolidated Financial Statements:
		Consolidated Balance Sheets as of September 28, 2002, September 29, 2001 and December 29, 2001		2
		Consolidated Statements of Operations for the three months ended September 28, 2002 and the three months ended September 29, 2001		3
		Consolidated Statements of Operations for the four months ended September 28, 2002, the five months ended June 1, 2002 and the nine months ended September 29, 2001		4
		Consolidated Statements of Stockholders’ Equity (Deficit) for the five months ended June 1, 2002 and the four months ended September 28, 2002		5
		Consolidated Statements of Cash Flows for the four months ended September 28, 2002, the five months ended June 1, 2002 and the nine months ended September 29, 2001		6
		Notes to Consolidated Financial Statements		8
Item 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations		28
Item 3.		Quantitative and Qualitative Disclosures About Market Risk		38
Item 4.		Evaluation of Disclosure Controls and Procedures		38
Part II—Other Information
Item 6.		Exhibits and Reports on Form 8-K		39
Signature				40
Certifications				41

		Successor				Predecessor
		September 28, 2002				September 29, 2001			December 29, 2001
ASSETS
Current assets:
Cash and cash equivalents (including restricted cash of $1,764 as of September 28, 2002 and $3,861 as of December 29, 2001)		$	6,547			23,414			40,388
Receivables:
Trade, less allowances of $9,665 as of September 28, 2002, $14,770 as of September 29, 2001 and $9,276 as of December 29, 2001			161,561			183,332			144,727
Other			2,852			6,193			4,478
Inventories			212,452			205,198			200,578
Assets held for sale			18,508			6,889			6,075
Prepaid expenses			5,694			5,774			3,604
Net assets of discontinued operations			—			9,406			1,358
Total current assets			407,614			440,206			401,208
Property, plant and equipment, less accumulated depreciation of $4,564 as of September 28, 2002, $170,273 as of September 29, 2001 and $172,938 as of December 29, 2001			169,456			474,469			453,440
Intangible assets, at cost less accumulated amortization of $484 as of September 28, 2002, $37,521 as of September 29, 2001 and $40,899 as of December 29, 2001			48,548			224,619			221,729
Other assets			3,677			33,678			11,250
Total assets		$	629,295			1,172,972			1,087,627
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Liabilities not subject to compromise:
Current liabilities:
Checks not yet presented for payment		$	9,829			9,250			285
Accounts payable			45,741			37,888			34,834
Accrued expenses			88,940			63,321			59,837
Current portion of long-term debt			6,253			322			356
Current portion of long-term debt in default			—			667,447			660,893
Long-term debt in default			—			12,429			10,920
Total current liabilities			150,763			790,657			767,125
Long-term debt, less current portion			230,253			658			645
Noncurrent liabilities			64,422			38,595			48,950
Total liabilities not subject to compromise			445,438			829,910			816,720
Liabilities subject to compromise			—			496,465			500,840
Total liabilities			445,438			1,326,375			1,317,560
Predecessor Series A redeemable convertible preferred stock, $0.01 par value; 81,411 shares issued and outstanding for September 29, 2001 and December 29, 2001			—			94,827			99,185
Stockholders’ equity (deficit):
Successor preferred stock, $0.01 par value; authorized 10,000,000 shares			—			—			—
Predecessor preferred stock, $0.01 par value; authorized 20,000,000 shares; only Series A issued			—			—			—
Successor common stock, $0.01 par value; authorized 50,000,000 shares; 19,095,215 shares issued and outstanding			191			—			—
Predecessor common stock, $0.01 par value; authorized 55,000,000 shares; 14,250,892 shares issued and outstanding as of September 29, 2001 and December 29, 2001			—			143			143
Additional paid-in capital			195,118			160,120			160,120
Accumulated deficit			(10,289	)		(406,659	)		(461,186	)
Deferred compensation			(1,188	)		—			—
Accumulated other comprehensive income (loss)			25			(1,834	)		(28,195	)
Total stockholders’ equity (deficit)			183,857			(248,230	)		(329,118	)
Commitments and contingencies
Total liabilities and stockholders’ equity (deficit)		$	629,295			1,172,972			1,087,627

		Successor				Predecessor
		Three Months Ended September 28, 2002				Three Months Ended September 29, 2001
Net sales		$	242,528			266,316
Cost of goods sold			223,850			258,962
Gross profit			18,678			7,354
Selling, general, and administrative expenses			22,645			16,244
Impairment of long-lived assets			—			3,085
Restructuring charges			365			26
Loss from operations			(4,332	)		(12,001	)
Interest expense (contractual interest of $23,509 in 2001)			4,948			14,942
Loss from continuing operations before reorganization items and income taxes			(9,280	)		(26,943	)
Reorganization items:
Gain on cancellation of pre-petition liabilities			—			—
Fresh start adjustments			—			—
Other			—			4,590
Total reorganization items			—			4,590
Loss from continuing operations before income taxes			(9,280	)		(31,533	)
Income tax benefit			—			—
Net loss from continuing operations			(9,280	)		(31,533	)
Discontinued operations:
Loss from operations			—			(8,899	)
Loss on disposal			—			(3,256	)
Loss from discontinued operations			—			(12,155	)
Net loss			(9,280	)		(43,688	)
Preferred dividends and accretion			—			4,604
Loss applicable to common stockholders		$	(9,280	)		(48,292	)
Basic and diluted loss per common share—
Loss applicable to common stockholders		$	(0.49	)
Weighted average common shares outstanding—
Basic and diluted			19,026

		Successor				Predecessor
		Four Months Ended September 28, 2002				Five Months Ended June 1, 2002			Nine Months Ended September 29, 2001
Net sales		$	313,819			380,050			772,541
Cost of goods sold			289,141			371,941			769,033
Gross profit			24,678			8,109			3,508