Convertible Senior Notes, Warrants and Hedges (Tables)

12 Months Ended

Apr. 02, 2017

Debt Disclosure [Abstract]

Schedule of Convertible Debt

At the debt issuance date, the Convertible Notes, net of issuance costs, consisted of the following (in thousands):

	November 3, 2015
Liability component
Principal	$	274,435
Less: Issuance cost	(7,568		)
Net carrying amount	266,867
Equity component *
Allocated amount	99,316
Less: Issuance cost	(2,738		)
Net carrying amount	96,578
Convertible Notes, net	$	363,445

* Recorded in the consolidated balance sheet within additional paid-in capital.

The following table includes total interest expense recognized related to the Convertible Notes for fiscal years ended April 2, 2017 and April 3, 2016 (in thousands):

	Fiscal Year Ended
	April 2, 2017		April 3, 2016
Contractual interest expense	$	3,307	$	1,363
Amortization of debt issuance costs	1,081		450
Amortization of debt discount	12,239		4,904
	$	16,627	$	6,717

The net liability component of Convertible Notes is comprised of the following as of April 2, 2017 and April 3, 2016 (in thousands):

	Fiscal Year Ended
	April 2, 2017		April 3, 2016
Net carrying amount at beginning of the period / issuance date	$	272,221	$	266,867
Amortization of debt issuance costs during the year	1,081		450
Amortization of debt discount during the year	12,239		4,904
	$	285,541	$	272,221