Borrowings (Tables)

9 Months Ended

Sep. 25, 2016

Debt Disclosure [Abstract]

Components of Long-Term Debt

The Company's borrowings at September 25, 2016 and December 31, 2015 are as follows:

	September 25, 2016			December 31, 2015
	(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 2.05% at September 25, 2016, due 2018	$	210,000		$	396,000
3.875% Convertible Senior Subordinated Notes due 2017	136,154			399,641
4.875% Senior Notes due 2026	400,000			—
5.25% Senior Notes due 2024	250,000			250,000
Securitization program, at a rate of 1.27% at September 25, 2016	50,000			43,300
	1,046,154			1,088,941
Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes due 2017	(3,833		)	(22,999		)
Less: Unamortized debt issuance costs	(10,459		)	(6,742		)
	1,031,862			1,059,200
Current borrowings	(181,895		)	(417,350		)
Long-term borrowings	$	849,967		$	641,850

Fair Value of Long-Term Debt

The following table provides the fair value of the Company’s debt as of September 25, 2016 and December 31, 2015, 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, 2015 for further information):

	September 25, 2016		December 31, 2015
	(Dollars in thousands)
Level 1	$	390,762	$	858,709
Level 2	937,619		687,072
Total	$	1,328,381	$	1,545,781