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Convertible Debentures and Revolving Credit Facility (Tables)
12 Months Ended
Mar. 31, 2012
Debt Instrument [Line Items]  
Carrying values of liability and equity components of debentures
                 
(In thousands)   March 31, 2012     April 2, 2011  

Liability component:

               

Principal amount of the 3.125% Debentures

  $ 689,635     $ 689,635  

Unamortized discount of liability component

    (325,448     (329,941

Unamortized discount of embedded derivative from date of issuance

    (1,446     (1,504
   

 

 

   

 

 

 

Carrying value of liability component – 3.125% Debentures

    362,741       358,190  

Carrying value of embedded derivative component

    931       945  
   

 

 

   

 

 

 

Net carrying value of the 3.125% Debentures

  $ 363,672     $ 359,135  
   

 

 

   

 

 

 

Equity component – net carrying value

  $ 229,513     $ 229,513  
   

 

 

   

 

 

 
2.625% Senior Convertible Debentures [Member]
 
Debt Instrument [Line Items]  
Interest expense related to debentures
                 
(In thousands)   2012     2011  

Contractual coupon interest

  $ 15,750     $ 12,863  

Amortization of debt issuance costs

    1,448       1,207  

Amortization of debt discount, net

    11,052       9,739  
   

 

 

   

 

 

 

Total interest expense related to the 2.625% Debentures

  $ 28,250     $ 23,809  
   

 

 

   

 

 

 
3.125% Debentures [Member]
 
Debt Instrument [Line Items]  
Carrying values of liability and equity components of debentures
                 
(In thousands)   March 31, 2012     April 2, 2011  

Liability component:

               

Principal amount of the 2.625% Debentures

  $ 600,000     $ 600,000  

Unamortized discount of liability component

    (80,311     (95,855

Hedge accounting adjustment – sale of interest rate swap

    23,208       27,700  
   

 

 

   

 

 

 

Net carrying value of the 2.625% Debentures

  $ 542,897     $ 531,845  
   

 

 

   

 

 

 

Equity component – net carrying value

  $ 105,620     $ 105,620  
   

 

 

   

 

 

 
Interest expense related to debentures
                         
(In thousands)   2012     2011     2010  

Contractual coupon interest

  $ 21,551     $ 21,551     $ 21,551  

Amortization of debt issuance costs

    223       223       223  

Amortization of embedded derivative

    58       58       58  

Amortization of debt discount

    4,493       4,182       3,892  

Fair value adjustment of embedded derivative

    (14     97       (1,262
   

 

 

   

 

 

   

 

 

 

Total interest expense related to the 3.125% Debentures

  $ 26,311     $ 26,111     $ 24,462