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Other Income (Expense), Net
 12 Months Ended
Jun. 24, 2018
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 24,
2018
 
June 25,
2017
 
June 26,
2016
 
(in thousands)
Interest income
$
85,813

 
$
57,858

 
$
29,512

Interest expense
(97,387
)
 
(117,734
)
 
(134,773
)
Gains (losses) on deferred compensation plan related assets, net
14,692

 
17,880

 
(3,995
)
Loss on impairment of investments
(42,456
)
 
—

 
—

Gains (losses) on extinguishment of debt, net
542

 
(36,252
)
 
—

Foreign exchange (losses) gains, net
(3,382
)
 
(569
)
 
308

Other, net
(19,332
)
 
(11,642
)
 
(5,191
)
 
$
(61,510
)
 
$
(90,459
)
 
$
(114,139
)

Interest income in the year ended June 24, 2018, increased compared to the years ended June 25, 2017, and June 26, 2016, primarily as a result of higher yield. Interest expense in the year ended June 24, 2018, decreased compared to the year ended June 25, 2017, primarily due to the conversions of 2018 and 2041 Convertible Notes as well as the retirement of the 2018 Convertible Notes in May 2018. 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.
The gain on deferred compensation plan related assets in fiscal years 2018 and 2017, compared to a loss in fiscal year 2016 was driven by an improvement in the fair market value of the underlying funds.
The loss on impairment of investments in the year ended June 24, 2018 is the result of a decision to sell selected investments held in foreign jurisdictions in conjunction with the Company’s cash repatriation strategy following the December 2017 U.S. tax reform.
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.