INTEREST AND OTHER EXPENSE, NET

3 Months Ended

Jun. 29, 2012

INTEREST AND OTHER EXPENSE, NET

INTEREST AND OTHER EXPENSE, NET

5. INTEREST AND OTHER EXPENSE, NET

During the three-month periods ended June 29, 2012 and July 1, 2011, the Company recognized interest expense of $15.9 million and $16.3 million, respectively, on its debt obligations outstanding during the period.

During the three-month periods ended June 29, 2012 and July 1, 2011, the Company recognized interest income of $7.0 million and $3.3 million, respectively.

During the three-month periods ended June 29, 2012 and July 1, 2011, the Company recognized gains on foreign exchange transactions of $4.8 million and $5.7 million, respectively.