Long-Term Debt (Tables)

9 Months Ended

Sep. 29, 2012

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 2042 are reflected in the Company’s consolidated condensed balance sheet as follows:

	September 29, 2012
Liability component:
Principal amount of the debentures	$	150,000
Unamortized discount		(93,178	)
Embedded derivative		265
Carrying value of liability component	$	57,087
Equity component - net carrying value	$	57,874

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

	September 29, 2012			December 31, 2011
Liability component:
Principal amount of the debentures	$	150,000		$	150,000
Unamortized discount		(99,217	)		(99,843	)
Embedded derivative		407			392
Carrying value of liability component	$	51,190		$	50,549
Equity component - net carrying value	$	62,246		$	62,246

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:

	September 29, 2012			December 31, 2011
Liability component:
Principal amount of the debentures	$	275,000		$	275,000
Unamortized discount		(175,887	)		(177,131	)
Embedded derivative		608			594
Carrying value of liability component	$	99,721		$	98,463
Equity component - net carrying value	$	110,094		$	110,094

Schedule of long-term debt instruments

Long-term debt consists of the following:

	September 29, 2012		December 31, 2011
Credit facility	$	86,000	$	155,000
Exchangeable unsecured notes, due 2102		95,042		95,042
Convertible senior debentures, due 2040		99,721		98,463
Convertible senior debentures, due 2041		51,190		50,549
Convertible senior debentures, due 2042		57,087		-
		389,040		399,054
Less current portion		-		-
	$	389,040	$	399,054

Convertible debentures, interest expense

Interest expense related to the convertible debentures due 2042 is reflected on the consolidated condensed statements of operations as follows:

	Fiscal quarter ended			Nine fiscal months ended
	September 29, 2012			September 29, 2012
Contractual coupon interest	$	844		$	1,135
Non-cash amortization of debt discount		216			290
Non-cash amortization of deferred financing costs		13			18
Non-cash change in value of derivative liability		(13	)		29
Total interest expense related to the debentures	$	1,060		$	1,472

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

	Fiscal quarters ended					Nine fiscal months ended
	September 29, 2012			October 1, 2011		September 29, 2012		October 1, 2011
Contractual coupon interest	$	844		$	844	$	2,532	$	1,285
Non-cash amortization of debt discount		213			196		626		298
Non-cash amortization of deferred financing costs		12			12		36		18
Non-cash change in value of derivative liability		(19	)		161		15		163
Total interest expense related to the debentures	$	1,050		$	1,213	$	3,209	$	1,764

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

	Fiscal quarters ended				Nine fiscal months ended
	September 29, 2012		October 1, 2011		September 29, 2012		October 1, 2011
Contractual coupon interest	$	1,547	$	1,547	$	4,641	$	4,641
Non-cash amortization of debt discount		423		391		1,244		1,150
Non-cash amortization of deferred financing costs		22		22		66		66
Non-cash change in value of derivative liability		47		270		14		278
Total interest expense related to the debentures	$	2,039	$	2,230	$	5,965	$	6,135