Convertible Senior Notes, Warrants, and Hedges (Tables)

9 Months Ended

Jan. 03, 2016

Debt Disclosure [Abstract]

Convertible Notes

At the debt issuance date, the Convertible Notes, net of issuance costs, consist of the following (in thousands):

	November 3, 2015
Liability component
Principal	$	274,435
Less: Issuance cost	(7,568		)
Net carrying amount	266,867
Equity component *
Allocated amount	99,316
Less: Issuance cost	(2,738		)
Net carrying amount	96,578
Convertible Notes, net	$	363,445

* Recorded in the consolidated condensed balance sheet within additional paid-in capital.

The following table includes total interest expense recognized related to the Convertible Notes during the three months period ended January 3, 2016 (in thousands):

	Three Months Ended January 3, 2016
Contractual interest expense	$	545
Amortization of debt issuance costs	180
Amortization of debt discount	1,984
	$	2,709

The net liability component of Convertible Notes is comprised of the following as of January 3, 2016 (in thousands):

	January 3, 2016
Net carrying amount at issuance date	$	266,867
Amortization of debt issuance costs during the period	180
Amortization of debt discount during the period	1,984
	$	269,031

See Note 5 to the Company's consolidated financial statements for fair value disclosures related to the Company's Convertible Notes.