Convertible Senior Notes, Warrants and Hedges (Tables)

12 Months Ended

Apr. 01, 2018

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 1, 2018, April 2, 2017 and April 3, 2016:

	Fiscal Year Ended
(in thousands)	April 1, 2018		April 2, 2017		April 3, 2016
Contractual interest expense	$	3,307	$	3,307	$	1,363
Amortization of debt issuance costs	1,081		1,081		450
Amortization of debt discount	12,929		12,239		4,904
	$	17,317	$	16,627	$	6,717

The net liability component of Convertible Notes is comprised of the following as of April 1, 2018 and April 2, 2017:

	Fiscal Year Ended
(in thousands)	April 1, 2018		April 2, 2017
Net carrying amount at beginning of the period	$	285,541	$	272,221
Amortization of debt issuance costs during the year	1,081		1,081
Amortization of debt discount during the year	12,929		12,239
	$	299,551	$	285,541