Long-Term Debt (Tables)

9 Months Ended

Oct. 01, 2011

Long-Term Debt [Abstract]

Liability and equity of component of convertible senior debentures

The carrying values of the liability and equity components of the convertible debentures due 2041 are reflected in the Company’s consolidated condensed balance sheet as follows (in thousands):

	October 1, 2011
Liability component:
Principal amount of the debentures	$	150,000
Unamortized discount		(100,044	)
Embedded derivative		374
Carrying value of liability component	$	50,330
Equity component - net carrying value	$	61,758

The carrying values of the liability and equity components of the convertible debentures due 2040 are reflected in the Company’s consolidated condensed balance sheets as follows (in thousands):

	October 1, 2011			December 31, 2010
Liability component:
Principal amount of the debentures	$	275,000		$	275,000
Unamortized discount		(177,529	)		(178,679	)
Embedded derivative		597			319
Carrying value of liability component	$	98,068		$	96,640
Equity component - net carrying value	$	110,094		$	110,094

Schedule of long-term debt instruments

	October 1, 2011		December 31, 2010
Credit facility	$	180,000	$	240,000
Exchangeable unsecured notes, due 2102		95,042		95,042
Convertible senior debentures, due 2040		98,068		96,640
Convertible senior debentures, due 2041		50,330		-
		423,440		431,682
Less current portion		-		-
	$	423,440	$	431,682

Convertible debentures, interest expense

Interest expense related to the convertible debentures due 2041 is reflected on the consolidated condensed statements of operations as follows (in thousands):

	Fiscal quarter ended October 1, 2011		Nine fiscal months ended October 1, 2011
Contractual coupon interest	$	844	$	1,285
Non-cash amortization of debt discount		196		298
Non-cash amortization of deferred financing costs		12		18
Non-cash change in value of derivative liability		161		163
Total interest expense related to the debentures	$	1,213	$	1,764

Interest expense related to the convertible debentures due 2040 is reflected on the consolidated condensed statements of operations as follows (in thousands):

	Fiscal quarter ended October 1, 2011		Nine fiscal months ended October 1, 2011
Contractual coupon interest	$	1,547	$	4,641
Non-cash amortization of debt discount		391		1,150
Non-cash amortization of deferred financing costs		22		66
Non-cash change in value of derivative liability		270		278
Total interest expense related to the debentures	$	2,230	$	6,135