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Debt Obligations
 6 Months Ended
Jun. 28, 2015
Debt Disclosure [Abstract]  
Debt Obligations
DEBT OBLIGATIONS
Our current indebtedness includes senior notes and the repurchase option related to a sale-leaseback of a portion of our New York headquarters. Our total debt and capital lease obligations consisted of the following:
(In thousands, except percentages)
 
Coupon Rate

 
June 28, 2015

 
December 28, 2014

Current portion of long-term debt and capital lease obligations:
 
 
 
 
 
 
Senior notes due in 2015
 
5.0
%
 
$
—

 
$
223,662

Long-term debt and capital lease obligations:
 
 
 
 
 
 
Senior notes due in 2016
 
6.625
%
 
187,983

 
187,604

Option to repurchase ownership interest in headquarters building in 2019
 
 
 
234,093

 
232,118

Long-term capital lease obligations
 
 
 
6,745

 
6,736

Total long-term debt and capital lease obligations
 
 
 
428,821

 
426,458

Total debt and capital lease obligations
 
 
 
$
428,821

 
$
650,120


See Note 8 for information regarding the fair value of our long-term debt.
In March 2015, we repaid, at maturity, the remaining $223.7 million principal amount of our 5.0% senior notes.
“Interest expense, net,” as shown in the accompanying Condensed Consolidated Statements of Operations was as follows:
 
 
For the Quarters Ended
 
For the Six Months Ended
(In thousands)
 
June 28, 2015

 
June 29, 2014

 
June 28, 2015

 
June 29, 2014

Cash interest expense
 
$
9,920

 
$
13,153

 
$
22,089

 
$
26,204

Amortization of debt costs and discount on debt
 
1,145

 
1,128

 
2,360

 
2,318

Capitalized interest
 
(106
)
 
(82
)
 
(157
)
 
(82
)
Interest income
 
(1,183
)
 
(994
)
 
(2,324
)
 
(1,934
)
Total interest expense, net
 
$
9,776

 
$
13,205

 
$
21,968

 
$
26,506