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Long-Term Debt (Tables) | 9 Months Ended
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Oct. 01, 2011
Long-Term Debt [Abstract] |
Liability and equity of component of convertible senior debentures | The carrying values of the liability and equity components of the convertible debentures due 2041 are reflected in the Company’s consolidated condensed balance sheet as follows (in thousands):
|  | October 1, 2011 |
Liability component: |  |  |
Principal amount of the debentures |  | $ | 150,000 |
Unamortized discount |  |  | (100,044 | )
Embedded derivative |  |  | 374 |
Carrying value of liability component |  | $ | 50,330 |
Equity component - net carrying value |  | $ | 61,758 |
The carrying values of the liability and equity components of the convertible debentures due 2040 are reflected in the Company’s consolidated condensed balance sheets as follows (in thousands):
|  | October 1, 2011 |  |  | December 31, 2010 |
Liability component: |  |  |  |  |  |
Principal amount of the debentures |  | $ | 275,000 |  |  | $ | 275,000 |
Unamortized discount |  |  | (177,529 | ) |  |  | (178,679 | )
Embedded derivative |  |  | 597 |  |  |  | 319 |
Carrying value of liability component |  | $ | 98,068 |  |  | $ | 96,640 |
Equity component - net carrying value |  | $ | 110,094 |  |  | $ | 110,094 |
Schedule of long-term debt instruments |
|  | October 1, 2011 |  |  | December 31, 2010 |
Credit facility |  | $ | 180,000 |  |  | $ | 240,000 |
Exchangeable unsecured notes, due 2102 |  |  | 95,042 |  |  |  | 95,042 |
Convertible senior debentures, due 2040 |  |  | 98,068 |  |  |  | 96,640 |
Convertible senior debentures, due 2041 |  |  | 50,330 |  |  |  | - |
|  |  | 423,440 |  |  |  | 431,682 |
Less current portion |  |  | - |  |  |  | - |
|  | $ | 423,440 |  |  | $ | 431,682 |
Convertible debentures, interest expense | Interest expense related to the convertible debentures due 2041 is reflected on the consolidated condensed statements of operations as follows (in thousands):
|  | Fiscal quarter ended October 1, 2011 |  |  | Nine fiscal months ended October 1, 2011 |
Contractual coupon interest |  | $ | 844 |  |  | $ | 1,285 |
Non-cash amortization of debt discount |  |  | 196 |  |  |  | 298 |
Non-cash amortization of deferred financing costs |  |  | 12 |  |  |  | 18 |
Non-cash change in value of derivative liability |  |  | 161 |  |  |  | 163 |
Total interest expense related to the debentures |  | $ | 1,213 |  |  | $ | 1,764 |
Interest expense related to the convertible debentures due 2040 is reflected on the consolidated condensed statements of operations as follows (in thousands):
|  | Fiscal quarter ended October 1, 2011 |  |  | Nine fiscal months ended October 1, 2011 |
Contractual coupon interest |  | $ | 1,547 |  |  | $ | 4,641 |
Non-cash amortization of debt discount |  |  | 391 |  |  |  | 1,150 |
Non-cash amortization of deferred financing costs |  |  | 22 |  |  |  | 66 |
Non-cash change in value of derivative liability |  |  | 270 |  |  |  | 278 |
Total interest expense related to the debentures |  | $ | 2,230 |  |  | $ | 6,135 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 + Details
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- Definition Components of Interest expense related to convertible debentures reflected on the consolidated condensed statement of operations. + Details
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