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OTHER EXPENSE, NET
 6 Months Ended
Dec. 25, 2016
Other Income and Expenses [Abstract]  
OTHER EXPENSE, NET
OTHER EXPENSE, NET
The significant components of other expense, net, are as follows:
 
Three Months Ended
 
Six Months Ended
 
December 25,
2016
 
December 27,
2015
 
December 25,
2016
 
December 27,
2015
 
(in thousands)
Interest income
$
10,945

 
$
6,729

 
$
23,708

 
$
12,489

Interest expense
(26,641
)
 
(38,577
)
 
(68,070
)
 
(63,238
)
Gains (losses) on deferred compensation plan related assets, net
1,666

 
1,983

 
7,838

 
(3,181
)
Loss on extinguishment of debt
(36,325
)
 
—

 
(36,325
)
 
—

Foreign exchange gains (losses), net
1,011

 
512

 
2,230

 
(186
)
Other, net
(5,679
)
 
(582
)
 
(7,558
)
 
(2,940
)
 
$
(55,023
)
 
$
(29,935
)
 
$
(78,177
)
 
$
(57,056
)

Interest income in the three and six months ended December 25, 2016 increased, as compared to the three and six months ended December 27, 2015, due to higher cash balances and higher yield. Interest expense in the three months ended December 25, 2016 decreased, as compared to the three months ended December 27, 2015, primarily due to the maturity of the Convertible Notes due 2016 and the termination of the October 2015 bridge financing arrangement. Interest expense in the six months ended December 25, 2016 increased, as compared to the six months ended December 27, 2015, primarily due to interest expense associated with the $2.4 billion Senior Note issuance in the three months ended June 26, 2016. Loss on extinguishment of debt realized in the three months ended December 25, 2016 is a result of the mandatory redemption of the Senior notes due 2023 and 2026, as well as the termination of the Term Loan Agreement (refer to Note 11 and Note 15 for additional details regarding our debt redemptions and termination).