Borrowings (Tables)

3 Months Ended

Apr. 02, 2017

Debt Disclosure [Abstract]

Components of Long-Term Debt

The Company's borrowings at April 2, 2017 and December 31, 2016 were as follows:

	April 2, 2017			December 31, 2016
	(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 2.46% at April 2, 2017, due 2022	$	608,000		$	210,000
Term loan facility, at a rate of 2.44% at April 2, 2017, due 2022	750,000			—
3.875% Convertible Senior Subordinated Notes due 2017	44,325			136,076
4.875% Senior Notes due 2026	400,000			400,000
5.25% Senior Notes due 2024	250,000			250,000
Securitization program, at a rate of 1.73% at April 2, 2017	50,000			50,000
	2,102,325			1,046,076
Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes due 2017	(504		)	(2,707		)
Less: Unamortized debt issuance costs	(12,929		)	(10,046		)
	2,088,892			1,033,323
Current borrowings	(131,095		)	(183,071		)
Long-term borrowings	$	1,957,797		$	850,252

Fair Value of Long-Term Debt

The following table provides the fair value of the Company’s debt as of April 2, 2017 and December 31, 2016, 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, 2016 for further information regarding the fair value hierarchy):

	April 2, 2017		December 31, 2016
	(Dollars in thousands)
Level 1	$	140,389	$	344,765
Level 2	2,015,793		929,362
Total	$	2,156,182	$	1,274,127