This is the description of my connection:
Toslink Digital Optical Female to 3.5MM Mini-Plug Stereo Male - this goes to the Mac's headphone socket. Toslink Digital Optical Audio Cable is connected to a Toslink Digital Optical to Digital RCA Coax Digital Audio Converter - this is needed to convert the Mac's optical output to coaxial digital input that BS3 supports. The final thing you need is a Digital Audio Coax SPDIF Cable which goes to the BS3's Digital input.
In the Menu of the BS3 you need to configure audio to use SPDIF instead of HDMI for this device. I am using DVD and the PUC for Apple remote.