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Debt
9 Months Ended
Dec. 28, 2013
Debt Disclosure [Abstract]  
DEBT
DEBT

Convertible Debt
The 2014 Notes will mature on April 15, 2014 and the balance of $85.9 million as of December 28, 2013 is recorded in "Current portion of long term debt" on the Condensed Consolidated Balance Sheet.

During the first nine months of fiscal 2013, the Company purchased and retired $47.4 million original principal amount of its 2014 Notes, for an average price of $98.34, which resulted in a loss of $2.8 million, as a result of applying ASC 470-20. ASC 470-20 requires the Company to record gains and losses on the early retirement of its 2014 Notes in the period of derecognition, depending on whether the fair market value at the time of derecognition was greater than, or less than, the carrying value of the debt.

As of December 28, 2013, the 2014 Notes had a fair value on the Private Offerings, Resale and Trading through Automated Linkages ("PORTAL") Market of $87.3 million, compared to a carrying value of $85.9 million. As of March 30, 2013, the 2014 Notes had a fair value on the PORTAL Market of $86.7 million, compared to a carrying value of $82.0 million.

Credit Agreement
In March 2013, the Company and certain material domestic subsidiaries of the Company (the “Guarantors”) entered into a four-year senior credit facility with Bank of America, N.A., as Administrative Agent and a lender, and a syndicate of other lenders (the “Credit Agreement”). The Credit Agreement includes a $125.0 million revolving credit facility, which includes a $5.0 million sublimit for the issuance of standby letters of credit and a $5.0 million sublimit for swingline loans. The Company may request, at any time and from time to time, that the revolving credit facility be increased by an amount not to exceed $50.0 million. The revolving credit facility is available to finance working capital, capital expenditures and other corporate purposes. The Company’s obligations under the Credit Agreement are jointly and severally guaranteed by the Guarantors. On August 15, 2013, the Credit Agreement was amended to revise the definition of "Eurodollar Base Rate" and a provision regarding restricted payments. The Company currently has no outstanding amounts under the Credit Agreement and is in compliance with the financial covenants associated with the Credit Agreement as of December 28, 2013.