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OTHER EXPENSE, NET
 9 Months Ended
Mar. 26, 2017
Other Income and Expenses [Abstract]  
OTHER EXPENSE, NET
OTHER EXPENSE, NET
The significant components of other expense, net, are as follows:
 
Three Months Ended
 
Nine Months Ended
 
March 26,
2017
 
March 27,
2016
 
March 26,
2017
 
March 27,
2016
 
(in thousands)
Interest income
$
16,345

 
$
8,148

 
$
40,053

 
$
20,637

Interest expense
(24,752
)
 
(38,056
)
 
(92,822
)
 
(101,294
)
Gains (losses) on deferred compensation plan related assets, net
4,294

 
(999
)
 
12,131

 
(4,180
)
Loss on extinguishment of debt
—

 
—

 
(36,325
)
 
—

Foreign exchange gains, net
679

 
2,457

 
2,910

 
2,271

Other, net
(4,404
)
 
(1,384
)
 
(11,962
)
 
(4,324
)
 
$
(7,838
)
 
$
(29,834
)
 
$
(86,015
)
 
$
(86,890
)

Interest income in the three and nine months ended March 26, 2017 increased, as compared to the three and nine months ended March 27, 2016, due to higher cash and investment balances and higher yield. Interest expense decreased in the March 2017 quarter, as compared to the March 2016 quarter, due to the termination of the October 2015 bridge financing arrangement. Interest expense increased in the nine months ended March 26, 2017 as compared to the nine months ended March 27, 2016, primarily due to interest cost and fees 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 nine months ended March 26, 2017 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). The increase in Other, net in the three and nine months ended March 26, 2017, as compared to the three and nine months ended March 27, 2016, is primarily due to increased charitable contributions.