XML 43 R32.htm IDEA: XBRL DOCUMENT v3.20.4
Debt and Credit Facility (Tables)
9 Months Ended
Jan. 02, 2021
Two Point and Nine Five Percent 2024 Senior Debentures [Member]  
Schedule of Debt Instruments [Line Items]  
Carrying values of liability and equity components of debentures
The following table summarizes the carrying value of the 2024 Notes as of January 2, 2021 and March 28, 2020:
(In thousands)January 2, 2021March 28, 2020
Principal amount of the 2024 Notes$750,000 $750,000 
Unamortized discount of the 2024 Notes(436)(525)
Unamortized debt issuance costs associated with 2024 Notes(1,939)(2,365)
Carrying Value of the 2024 Notes $747,625 $747,110 
Interest Expense Related to Debentures [Table Text Block]
Interest expense related to the 2024 Notes was included in interest and other income (expense), net on the condensed consolidated statements of income as follows:
 Three Months EndedNine Months Ended
(In thousands)January 2, 2021December 28, 2019January 2, 2021December 28, 2019
Contractual coupon interest$5,444 $5,444 $16,331 $17,429 
Amortization of debt issuance costs142 142 426 426 
Amortization of debt discount, net30 29 89 87 
Total interest expense related to the 2024 Notes$5,616 $5,615 $16,846 $17,942 
Two Point and Three Seven Five Percent 2030 Senior Debentures [Member]  
Schedule of Debt Instruments [Line Items]  
Carrying values of liability and equity components of debentures
The following table summarizes the carrying value of the 2030 Notes as of January 2, 2021:

(In thousands)January 2, 2021
Principal amount of the 2030 Notes$750,000 
Unamortized discount of the 2030 Notes(191)
Unamortized debt issuance costs associated with 2030 Notes(5,057)
Carrying Value of the 2030 Notes$744,752 
Interest Expense Related to Debentures [Table Text Block]
Interest expense related to the 2030 Notes was included in interest and other income (expense), net on the condensed consolidated statements of income as follows:

Three Months EndedNine Months Ended
(In thousands)January 2, 2021December 28, 2019January 2, 2021December 28, 2019
Contractual coupon interest$4,521 $— $11,086 $— 
Amortization of debt issuance costs134 — 313 — 
Amortization of debt discount, net— 11 — 
Total interest expense related to the 2030 Notes$4,659 $— $11,410 $— 
Three Point Zero Percent 2021 Senior Debentures [Member]  
Schedule of Debt Instruments [Line Items]  
Carrying values of liability and equity components of debentures
The following table summarizes the carrying value of the 2021 Notes as of January 2, 2021 and March 28, 2020:
(In thousands)January 2, 2021March 28, 2020
Principal amount of the 2021 Notes$500,000 $500,000 
Unamortized discount of the 2021 Notes(95)(517)
Unamortized debt issuance costs associated with 2021 Notes(40)(223)
Carrying value of the 2021 Notes$499,865 $499,260 
Interest Expense Related to Debentures [Table Text Block]
Interest expense related to the 2021 Notes was included in interest and other income (expense), net on the condensed consolidated statements of income as follows:
Three Months EndedNine Months Ended
(In thousands)January 2, 2021December 28, 2019January 2, 2021December 28, 2019
Contractual coupon interest$3,750 $3,750 $11,250 $11,250 
Amortization of debt issuance costs61 61 183 182 
Amortization of debt discount, net142 137 422 409 
Total interest expense related to the 2021 Notes$3,953 $3,948 $11,855 $11,841