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Convertible Debentures And Revolving Credit Facility (Tables)
3 Months Ended
Jul. 02, 2011
2.625% Senior Convertible Debentures [Member]
 
Carrying Values Of The Liability And Equity Components Of Debentures
                 
     July 2,     April 2,  
(In thousands)    2011     2011  

Liability component:

                

Principal amount of the 2.625% Debentures

   $ 600,000      $ 600,000   

Unamortized discount of liability component

     (91,969     (95,855

Hedge accounting adjustment – sale of interest rate swap

     26,577        27,700   
    

 

 

   

 

 

 

Net carrying value of the 2.625% Debentures

   $ 534,608      $ 531,845   
    

 

 

   

 

 

 

Equity component – net carrying value

   $ 105,620      $ 105,620   
    

 

 

   

 

 

 
Interest Expense Related To Debentures
                 
     Three Months Ended  
     July 2,      July 3,  
(In thousands)    2011      2010  

Contractual coupon interest

   $ 3,938       $ 1,050   

Amortization of debt issuance costs

     362         117   

Amortization of debt discount

     2,763         1,046   
    

 

 

    

 

 

 

Total interest expense related to the 2.625% Debentures

   $ 7,063       $ 2,213   
    

 

 

    

 

 

 
3.125% Junior Subordinated Convertible Debentures [Member]
 
Carrying Values Of The Liability And Equity Components Of Debentures
(In thousands)    July 2,
2011
    April 2,
2011
 

Liability component:

    

Principal amount of the 3.125% Debentures

   $ 689,635      $ 689,635   

Unamortized discount of liability component

     (328,848     (329,941

Unamortized discount of embedded derivative from date of issuance

     (1,489     (1,504
  

 

 

   

 

 

 

Carrying value of liability component – 3.125% Debentures

     359,298        358,190   

Carrying value of embedded derivative component

     572        945   
  

 

 

   

 

 

 

Net carrying value of the 3.125% Debentures

   $ 359,870      $ 359,135   
  

 

 

   

 

 

 

Equity component – net carrying value

   $ 229,513      $ 229,513   
  

 

 

   

 

 

 
Interest Expense Related To Debentures
                 
     Three Months Ended  
     July 2,      July 3  
(In thousands)    2011      2010  

Contractual coupon interest

   $ 5,388       $ 5,388   

Amortization of debt issuance costs

     56         56   

Amortization of embedded derivative

     15         15   

Amortization of debt discount

     1,093         1,017   
    

 

 

    

 

 

 

Total interest expense related to the 3.125% Debentures

   $ 6,552       $ 6,476