CY » Topics » Fair Value of Debt Instruments

This excerpt taken from the CY 10-K filed Mar 1, 2007.

Fair Value of Debt Instruments

The carrying amounts and estimated fair values of the Company’s debt instruments were as follows:

 

    As of
    December 31, 2006   January 1, 2006
   

Carrying

        Amount        

 

Estimated

        Fair Value        

 

Carrying

        Amount        

 

Estimated

        Fair Value        

    (In thousands)

1.25% Notes

  $     598,996   $     729,338   $     599,997   $     681,285

Collateralized debt instruments

    —       —       6,089     6,089
                       

Total

  $ 598,996   $ 729,338   $ 606,086   $ 687,374
                       

The Company’s liabilities for all periods were recorded at the carrying value, not the estimated fair value, in the Consolidated Balance Sheets. The fair value of the 1.25% Notes was estimated based on the quoted market prices as of the end of the fiscal years.

This excerpt taken from the CY 10-K filed Mar 17, 2006.

Fair Value of Debt Instruments

The carrying amounts and estimated fair values of the Company’s debt instruments were as follows:

 

     As of
     January 1, 2006    January 2, 2005
    

Carrying

Amount

  

Estimated

Fair Value

  

Carrying

Amount

  

Estimated

Fair Value

     (In thousands)

1.25% Notes

   $ 599,997    $ 681,285    $ 599,998    $ 626,626

Collateralized debt instruments

     6,089      6,089      13,924      13,924
                           

Total

   $ 606,086    $ 687,374    $ 613,922    $ 640,550
                           

The Company’s liabilities for all periods were recorded at the carrying values, not the estimated fair values, in the Consolidated Balance Sheets. The fair value of the 1.25% Notes was estimated based on the quoted market prices as of the end of the fiscal years.

This excerpt taken from the CY 10-Q filed Nov 14, 2005.

Fair Value of Debt Instruments

 

The estimated fair values of the Company’s debt instruments have generally been determined using available market information. However, considerable judgment is required in interpreting market data to develop the estimates of fair values. Accordingly, the estimates presented are not necessarily indicative of the amounts that the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies could have a material effect on the estimated fair value amounts.

 

The carrying amounts and estimated fair values were as follows:

 

     As of

     October 2, 2005

   January 2, 2005

(In thousands)


  

Carrying

Amount


  

Estimated

Fair Value


  

Carrying

Amount


  

Estimated

Fair Value


Convertible subordinated notes

   $ 599,997    $ 704,282    $ 599,998    $ 626,626

Collateralized debt instruments

     8,599      8,599      13,924      13,924
    

  

  

  

Total

   $ 608,596    $ 712,881    $ 613,922    $ 640,550
    

  

  

  

 

The Company’s liabilities for all periods were presented at the carrying values, not the estimated fair values.

 

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