Borrowings (Tables)

9 Months Ended

Oct. 01, 2017

Debt Disclosure [Abstract]

Components of Long-Term Debt

The Company's borrowings at October 1, 2017 and December 31, 2016 were as follows:

	October 1, 2017			December 31, 2016
	(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 3.24% at October 1, 2017, due 2022	$	841,000		$	210,000
Term loan facility, at a rate of 3.24% at October 1, 2017, due 2022	721,000			—
3.875% Convertible Senior Subordinated Notes due 2017	—			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 1.98% at October 1, 2017	50,000			50,000
	2,262,000			1,046,076
Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes due 2017	—			(2,707		)
Less: Unamortized debt issuance costs	(11,945		)	(10,046		)
	2,250,055			1,033,323
Current borrowings	(77,250		)	(183,071		)
Long-term borrowings	$	2,172,805		$	850,252

Fair Value of Long-Term Debt

The following table provides information regarding the fair value of the Company’s debt as of October 1, 2017 and December 31, 2016, categorized by the level of inputs within the fair value hierarchy used to measure fair value:

	October 1, 2017		December 31, 2016
	(Dollars in thousands)
Level 1	$	—	$	344,765
Level 2	2,254,376		929,362
Total	$	2,254,376	$	1,274,127