Borrowings (Tables)

9 Months Ended

Sep. 27, 2015

Debt Disclosure [Abstract]

Components of Long-Term Debt

The Company's borrowings at September 27, 2015 and December 31, 2014 are as follows:

	September 27, 2015			December 31, 2014
	(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 1.95% at September 27, 2015, due 2018	$	396,000		$	200,000
3.875% Convertible Senior Subordinated Notes due 2017	399,771			399,898
6.875% Senior Subordinated Notes due 2019	—			250,000
5.25% Senior Notes due 2024	250,000			250,000
Securitization program, at a rate of 0.94% at September 27, 2015	43,300			4,700
	1,089,071			1,104,598
Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes due 2017	(26,386		)	(36,197		)
	1,062,685			1,068,401
Current borrowings	(416,685		)	(368,401		)
Long-term borrowings	$	646,000		$	700,000

Fair Value of Long-Term Debt

The following table provides the fair value of the Company’s debt as of September 27, 2015 and December 31, 2014, categorized by the level of inputs within the fair value hierarchy used to measure fair value (see Note 10, “Fair value measurement,” in the Company’s annual report on Form 10-K for the year ended December 31, 2014 for further information):

	September 27, 2015		December 31, 2014
	(Dollars in thousands)
Level 1	$	844,756	$	1,024,806
Level 2	690,151		455,222
Total	$	1,534,907	$	1,480,028