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INTEREST AND OTHER, NET
6 Months Ended
Sep. 27, 2013
INTEREST AND OTHER, NET  
INTEREST AND OTHER, NET

6. INTEREST AND OTHER, NET

 

During the three-month and six-month periods ended September 27, 2013, the Company recognized interest expense of $20.3 million and $40.5 million, respectively, on its debt obligations outstanding during the period. During the three-month and six-month periods ended September 28, 2012, the Company recognized interest expense of $15.5 million and $31.3 million, respectively.

 

During the three-month and six-month periods ended September 27, 2013, the Company recognized interest income of $4.0 million and $7.3 million, respectively. During the three-month and six-month periods ended September 28, 2012, the Company recognized interest income of $4.8 million and $11.8 million, respectively.

 

During the three-month and six-month periods ended September 27, 2013, the Company recognized gains on foreign exchange transactions of $3.4 million and $8.0 million, respectively. During the three-month and six-month periods ended September 28, 2012 the Company recognized gains on foreign exchange transactions of $2.8 million and $7.6 million, respectively.

 

The Company had warrants to purchase common shares of a certain supplier, which were exercised and the underlying shares were sold for total proceeds of $67.3 million resulting in a loss of $7.1 million during the six-month period ended September 27, 2013. The Company recognized a gain of $23.0 million relating to the change in fair value of these same warrants during the six-month period ended September 28, 2012.