Convertible Senior Notes, Warrants, and Hedges (Tables)

3 Months Ended

Jul. 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 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 July 3, 2016 (in thousands):

	Three Months Ended July 3, 2016
Contractual interest expense	$	818
Amortization of debt issuance costs	270
Amortization of debt discount	2,998
	$	4,086

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

	July 3, 2016		April 3, 2016
Net carrying amount at beginning of the period	$	272,221	$	266,867
Amortization of debt issuance costs during the period	270		450
Amortization of debt discount during the period	2,998		4,904
	$	275,489	$	272,221