XML 30 R85.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Debt - Narrative (Details)
$ / shares in Units, shares in Millions
1 Months Ended 3 Months Ended 12 Months Ended
Aug. 01, 2019
USD ($)
May 30, 2019
USD ($)
Jun. 01, 2018
USD ($)
Mar. 30, 2019
USD ($)
Sep. 29, 2018
USD ($)
d
$ / shares
shares
Dec. 29, 2018
USD ($)
d
Dec. 28, 2019
USD ($)
$ / shares
Dec. 29, 2018
USD ($)
Dec. 30, 2017
USD ($)
Dec. 27, 2019
$ / shares
Dec. 23, 2019
USD ($)
Sep. 28, 2019
installment
May 31, 2018
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Net carrying amount           $ 266,929,000 $ 323,678,000 $ 266,929,000          
Payment of capped call             0 48,880,000 $ 0        
Deferred tax liability           13,347,000 $ 8,700,000 13,347,000          
Closing price of common stock (in usd per share) | $ / shares             $ 7.78     $ 7.78      
Credit Facility                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Debt issuance costs, line of credit             $ 4,900,000            
Amortization of debt issuance costs             300,000            
Contractual interest expense             800,000            
Line of credit remaining borrowing capacity             115,900,000            
Letters of credit outstanding             4,100,000            
Credit Facility | Minimum | Revolving Credit Facility                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Commitment fee percentage 0.375%                        
Credit Facility | Minimum | LIBOR                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Variable rate 2.00%                        
Credit Facility | Minimum | Base Rate                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Variable rate 1.00%                        
Credit Facility | Maximum | Revolving Credit Facility                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Commitment fee percentage 0.625%                        
Credit Facility | Maximum | LIBOR                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Variable rate 2.50%                        
Credit Facility | Maximum | Base Rate                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Variable rate 1.50%                        
2.125% Convertible Senior Notes Due September 1, 2024                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Amortization of debt issuance costs             1,149,000 373,000          
Contractual interest expense             8,553,000 2,613,000          
Principal amount         $ 1,000 402,500,000 $ 402,500,000 402,500,000          
Debt instrument interest percentage             2.125%            
Net carrying amount           $ 266,929,000 $ 285,690,000 266,929,000          
Proceeds from issuance of 2024 Notes         391,400,000                
Payment of capped call         $ 48,900,000                
Strike price (in dollars per share) | $ / shares         $ 9.87                
Cap price (in dollars per share) | $ / shares         $ 15.19                
Number of shares covered by capped transactions (in shares) | shares         40.8                
Conversion ratio         0.1012812                
Conversion price (in dollars per share) | $ / shares         $ 9.87                
Purchase price as a percentage on principal amount of the notes upon the occurrence of a fundamental change         100.00%                
Debt instrument term             57 months            
Net equity component carrying amount             $ 128,700,000            
Deferred tax liability             $ 30,900,000            
Additional effective rate of interest to be used on amortized carrying value             10.07%            
Fair value of convertible debt             $ 417,200,000            
2.125% Convertible Senior Notes, Circumstance 1                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Threshold trading days | d           20              
Threshold consecutive trading days | d           30              
Convertible threshold minimum percentage           130.00%              
2.125% Convertible Senior Notes, Circumstance 2                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Principal amount         $ 1,000                
Threshold trading days | d         5                
Threshold consecutive trading days | d         5                
Convertible, threshold maximum percentage         98.00%                
1.75% Convertible Senior Notes Due June 1, 2018                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Amortization of debt issuance costs               402,000          
Contractual interest expense               $ 1,094,000          
Principal amount                         $ 150,000,000.0
Debt instrument interest percentage             1.75%           1.75%
Additional effective rate of interest to be used on amortized carrying value             10.23%            
Repayment of debt     $ 150,000,000.0                    
Repayment of final coupon interest     $ 1,300,000                    
Line of Credit | Credit Facility | Revolving Credit Facility                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Maximum borrowing capacity $ 100,000,000                   $ 150,000,000    
Additional borrowing capacity 50,000,000                        
Line of Credit | Credit Facility | Letter of Credit                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Maximum borrowing capacity 50,000,000                        
Line of Credit | Credit Facility | Swing Loan Sub-Facility                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Maximum borrowing capacity $ 10,000,000                        
Mortgages                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Debt instrument interest percentage                       5.25%  
Debt term       5 years                  
Debt issuance costs, net             $ 8,400,000            
Proceeds from debt       $ 8,700,000                  
Debt payment installments | installment                       59  
Debt payment       $ 100,000                  
Debt outstanding in short term debt             400,000            
Net carrying amount             8,000,000            
Loans Payable | Fabrinet                          
Accounts, Notes, Loans and Financing Receivable [Line Items]                          
Principal amount   $ 40,000,000                      
Debt instrument interest percentage   6.00%                      
Debt term   12 months                      
Short-term debt, net             $ 31,300,000