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Debts and Letters of Credit (Tables)
9 Months Ended
Mar. 31, 2012
Debts and Letters of Credit.  
Schedule of long-term debt

 

 

March 31,

 

July 2,

 

 

 

2012

 

2011

 

1% senior convertible notes

 

$

300.8

 

$

285.8

 

Total long-term debt

 

$

300.8

 

$

285.8

 

Schedule of liability and equity components of convertible debt

 

 

March 31,

 

July 2,

 

 

 

2012

 

2011

 

Carrying amount of equity component

 

$

158.5

 

$

158.5

 

Principal amount of 1% Senior Coupon Notes

 

$

325.0

 

$

325.0

 

Unamortized discount of liability component

 

(24.2

)

(39.2

)

Carrying amount of liability component

 

$

300.8

 

$

285.8

 

Summary of effective interest rate and interest expense for the contractual interest and the amortization of debt discount

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

March 31,

 

April 2,

 

March 31,

 

April 2,

 

 

 

2012

 

2011

 

2012

 

2011

 

Effective interest rate

 

8.1

%

8.1

%

8.1

%

8.1

%

Interest expense-contractual interest

 

$

0.8

 

$

0.8

 

$

2.4

 

$

2.4

 

Interest expense-amortization of debt discount

 

5.1

 

4.7

 

15.0

 

13.9