Interest Expense And Interest Income

6 Months Ended

Jul. 03, 2011

Interest Expense And Interest Income

Interest Expense And Interest Income

9. Interest Expense and Interest Income

The components of net interest expense are as follows:

	Three Months Ended						Six Months Ended
	July 4, 2010 (a)			July 3, 2011			July 4, 2010 (a)			July 3, 2011
	(in thousands)
Cash interest expense	$	26,947		$	9,585		$	35,834		$	19,000
Cash paid on interest rate swap		1,127			—			1,397			—
Capitalized interest		(50	)		(253	)		(91	)		(415	)
Amortization of loan costs and issuance (premium)/discount, net		6,274			825			6,881			1,633
Cash interest income		(26	)		(35	)		(61	)		(159	)
Interest expense, net	$	34,272		$	10,122		$	43,960		$	20,059

(a) Included in the amounts above for the three and six months ended July 4, 2010, were the following non-recurring charges related to the May 2010 debt refinancing (See Note 7) in thousands:

	Cash		Non-Cash		Total
Total non-recurring charges	$	18,735	$	5,510	$	24,245

The tax effect of the non-recurring charges was $8.5 million, resulting in a net after-tax charge of $15.7 million.