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OTHER EXPENSE, NET | 9 Months Ended
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Mar. 25, 2018
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 25, 2018 |  | March 26, 2017 |  | March 25, 2018 |  | March 26, 2017
| (in thousands)
Interest income | $ | 21,761 |  |  | $ | 16,345 |  |  | $ | 62,548 |  |  | $ | 40,053 |
Interest expense | (25,734 | ) |  | (24,752 | ) |  | (72,956 | ) |  | (92,822 | )
(Losses) Gains on deferred compensation plan related assets, net | (1,995 | ) |  | 4,294 |  |  | 7,532 |  |  | 12,131 |
Loss on impairment of investments | (42,456 | ) |  | — |  |  | (42,456 | ) |  | — |
Loss on extinguishment of debt | — |  |  | — |  |  | — |  |  | (36,325 | )
Foreign exchange (losses) gains, net | (1,065 | ) |  | 679 |  |  | (2,869 | ) |  | 2,910 |
Other, net | (6,321 | ) |  | (4,404 | ) |  | (16,263 | ) |  | (11,962 | )
| $ | (55,810 | ) |  | $ | (7,838 | ) |  | $ | (64,464 | ) |  | $ | (86,015 | )
Interest income in the three and nine months ended March 25, 2018, increased compared to same period in 2017 due to higher yield and balances. Interest expense decreased in the nine months ended March 25, 2018 compared to the same period in 2017 due to the termination of the Term Loan Agreement and mandatory redemption of the Senior Notes due 2023 and 2026 during the December 2016 quarter. The loss on impairment of investments in the three and nine months ended March 25, 2018 is the result of a decision to sell selected investments held in foreign jurisdictions in conjunction with our cash repatriation strategy following the Tax Cuts & Jobs Act of 2017. Loss on extinguishment of debt realized in the nine months ended March 26, 2017 is primarily a result of the mandatory redemption of the Senior Notes Due 2023 and 2026 as well as the termination of the Term Loan Agreement.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
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