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Other Income (Expense), Net
 12 Months Ended
Jun. 25, 2017
Other Income and Expenses [Abstract]  
Other Income (Expense), Net
Other Income (Expense), Net
The significant components of other income (expense), net, were as follows:
 
Year Ended
June 25,
2017
 
June 26,
2016
 
June 28,
2015
 
(in thousands)
Interest income
$
57,858

 
$
29,512

 
$
19,268

Interest expense
(117,734
)
 
(134,773
)
 
(73,682
)
Gains (losses) on deferred compensation plan related assets, net
17,880

 
(3,995
)
 
9,071

Loss on extinguishment of debt, net
(36,252
)
 
—

 
—

Foreign exchange (losses) gains, net
(569
)
 
308

 
2,331

Other, net
(11,642
)
 
(5,191
)
 
(4,177
)
 
$
(90,459
)
 
$
(114,139
)
 
$
(47,189
)

Interest income in the year ended June 25, 2017, increased compared to the years ended June 26, 2016, and June 28, 2015, primarily as a result of higher average cash and investment balances and higher yield. Interest expense in the year ended June 25, 2017, decreased compared to the year ended June 26, 2016, primarily due to the retirement of the 2016 Convertible Note. Interest expense in the year ended June 26, 2016, increased compared to the year ended June 28, 2015, primarily due to interest expense associated with the $1.0 billion Senior Note issuance in March 2015 and the amortization of bridge loan financing issuance costs of approximately $31.9 million in the year ended June 26, 2016.
The gain on deferred compensation plan related assets, in fiscal year 2017, compared to a loss in fiscal year 2016 and gain in fiscal year 2015 was driven by a rally in the fair market value of the underlying funds at year end.
Net loss on extinguishment of debt realized in the year ended June 25, 2017, is primarily a result of the special mandatory redemption of the Senior Notes due 2023 and 2026, as well as the termination of the Term Loan Agreement (refer to Note 13 and Note 19 for additional information regarding the Company’s debt redemptions and termination).