The following table summarizes the Company’s debt:

2.00% Senior Exchangeable Notes

The net carrying amount of the liability component of 2.00% Senior Exchangeable Notes due 2020 (the Notes) consists of the following:

The following table presents the interest expense recognized on the Notes:

Capped Calls

In connection with the issuance of the Notes, the Company entered into capped call transactions with certain bank counterparties to reduce the potential dilution to our common stock upon exchange of the Notes. The capped call transactions have a strike price of approximately $13.87 and a cap price of approximately $18.14, and are exercisable when and if the Notes are converted. If upon conversion of the Notes, the price of the common stock is above the strike price of the capped calls, the counterparties will deliver shares of the Company’s common stock and/or cash with an aggregate value approximately equal to the difference between the price of our common stock at the conversion date (as defined, with a maximum price for purposes of this calculation equal to the cap price) and the strike price, multiplied by the number of shares of our common stock related to the capped call transactions being exercised. The capped call transactions expire on September 1, 2020.

The Company is in compliance of all the covenants under its existing debt obligations as of March 30, 2014.

7.875% Senior Notes due 2017

On January 21, 2014, the Company redeemed the remaining $94.1 million aggregate principal amount outstanding of 7.875% Senior Notes due 2017 (the Senior Notes) at a redemption price that was 103.938% of their face value. The Company paid an aggregate amount of $99.1 million, including redemption price, accrued and unpaid interest, and repurchase premium and recorded a loss on redemption of $4.8 million within interest and other income (expense) net in the Condensed Consolidated Statement of Operations.

2012 Revolving Credit Facility

As of March 30, 2014, the Company was in compliance with all of the 2012 Revolving Credit Facility’s covenants. Drawdown under the 2012 Revolving Credit Facility requires that the Company meet or obtain a waiver to certain conditions including the senior secured leverage ratio not to exceed 2.75:1.00 and compliance with coverage and leverage ratios, as of the last day of the fiscal quarter most recently ended. Based on the financial results for the quarter ended March 30, 2014, the Company does not meet the maximum leverage ratio limit and has not obtained a waiver for those conditions and would not be able to draw down on the revolving credit facility. The Company did not have the need to draw on the revolving line of credit during the quarter as its cash and other liquidity were sufficient to meet its business requirements.