Convertible Debentures and Revolving Credit Facility (Tables)

6 Months Ended

Sep. 28, 2013

2.625% Senior Convertible Debentures [Member]

Short-term Debt [Line Items]

Carrying values of liability and equity components of debentures

The carrying values of the liability and equity components of the 2.625% Debentures are reflected in the Company’s condensed consolidated balance sheets as follows:

(In thousands)	September 28, 2013			March 30, 2013
Liability component:
Principal amount of the 2.625% Debentures	$	600,000		$	600,000
Unamortized discount of liability component	(56,995		)	(64,767		)
Hedge accounting adjustment – sale of interest rate swap	16,470			18,716
Net carrying value of the 2.625% Debentures	$	559,475		$	553,949
Equity component (including temporary equity) – net carrying value	$	66,415		$	66,415

Interest expense related to debentures

Interest expense related to the 2.625% Debentures was included in interest and other expense, net on the condensed consolidated statements of income as follows:

	Three Months Ended				Six Months Ended
(In thousands)	September 28, 2013		September 29, 2012		September 28, 2013		September 29, 2012
Contractual coupon interest	$	3,938	$	3,938	$	7,875	$	7,875
Amortization of debt issuance costs	362		362		724		724
Amortization of debt discount, net	2,763		2,763		5,526		5,526
Total interest expense related to the 2.625% Debentures	$	7,063	$	7,063	$	14,125	$	14,125

3.125% Junior Convertible Debentures [Member]

Short-term Debt [Line Items]

Carrying values of liability and equity components of debentures

The carrying values of the liability and equity components of the 3.125% Debentures are reflected in the Company’s condensed consolidated balance sheets as follows:

(In thousands)	September 28, 2013			March 30, 2013
Liability component:
Principal amount of the 3.125% Debentures	$	689,635		$	689,635
Unamortized discount of liability component	(318,073		)	(320,620		)
Unamortized discount of embedded derivative from date of issuance	(1,359		)	(1,388		)
Carrying value of liability component – 3.125% Debentures	370,203			367,627
Carrying value of embedded derivative component	407			1,090
Net carrying value of the 3.125% Debentures	$	370,610		$	368,717
Equity component (including temporary equity) – net carrying value	$	229,513		$	229,513

Interest expense related to debentures

Interest expense related to the 3.125% Debentures was included in interest and other expense, net on the condensed consolidated statements of income and was recognized as follows:

	Three Months Ended					Six Months Ended
(In thousands)	September 28, 2013			September 29, 2012		September 28, 2013			September 29, 2012
Contractual coupon interest	$	5,388		$	5,388	$	10,776		$	10,776
Amortization of debt issuance costs	55			55		112			112
Amortization of embedded derivative	14			14		29			29
Amortization of debt discount	1,285			1,196		2,547			2,371
Fair value adjustment of embedded derivative	(758		)	—		(683		)	614
Total interest expense related to the 3.125% Debentures	$	5,984		$	6,653	$	12,781		$	13,902