Borrowings (Tables)

9 Months Ended

Sep. 28, 2014

Debt Disclosure [Abstract]

Components of Long-Term Debt

The components of long-term debt at September 28, 2014 and December 31, 2013 are as follows:

	September 28, 2014			December 31, 2013
	(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 1.90% at September 28, 2014, due 7/16/2018	$	200,000		$	680,000
3.875% Convertible Senior Subordinated Notes due 2017	399,991			400,000
6.875% Senior Subordinated Notes due 2019	250,000			250,000
5.25% Senior Notes due 2024	250,000			—
Total borrowings	1,099,991			1,330,000
Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes	(39,335		)	(48,413		)
	1,060,656			1,281,587
Current portion of borrowings	(360,656		)	(351,587		)
	$	700,000		$	930,000

Fair Value of Long-Term Debt

The following table provides the fair value of the Company’s debt as of September 28, 2014, categorized by fair value hierarchy level (see Note 10, “Fair value measurement,” in the Company’s annual report on Form 10-K for the year ended December 31, 2013 for further information):

	Fair value of debt
	(Dollars in thousands)
Level 1	$	955,567
Level 2	442,337
Total	$	1,397,904