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Debt Obligations
 9 Months Ended
Sep. 27, 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

 
September 27, 2015

 
December 28, 2014

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

 
$
223,662

Long-term debt and capital lease obligations:
 
 
 
 
 
 
Senior notes due in December 2016
 
6.625
%
 
188,178

 
187,604

Option to repurchase ownership interest in headquarters building in 2019
 
 
 
235,077

 
232,118

Long-term capital lease obligations
 
 
 
6,752

 
6,736

Total long-term debt and capital lease obligations
 
 
 
430,007

 
426,458

Total debt and capital lease obligations
 
 
 
$
430,007

 
$
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 Nine Months Ended
(In thousands)
 
September 27, 2015

 
September 28, 2014

 
September 27, 2015

 
September 28, 2014

Cash interest expense
 
$
9,919

 
$
12,795

 
$
32,008

 
$
38,999

Premium on debt repurchases
 
—

 
2,188

 
—

 
2,188

Amortization of debt issuance costs and discount on debt
 
1,180

 
1,314

 
3,540

 
3,632

Capitalized interest
 
(85
)
 
(47
)
 
(242
)
 
(129
)
Interest income
 
(1,887
)
 
(996
)
 
(4,211
)
 
(2,930
)
Total interest expense, net
 
$
9,127

 
$
15,254

 
$
31,095

 
$
41,760