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Borrowings (Tables) | 6 Months Ended
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Jun. 29, 2014
Components of Long-Term Debt | The components of long-term debt at June 29, 2014 and December 31, 2013 are as follows:
| June 29, 2014 |  | December 31, 2013 |
| (Dollars in thousands) |
Senior Credit Facility: |  |  |  |  |  |
Revolving credit facility, at a rate of 2.15% at June 29, 2014, due 7/16/2018 | $ | 200,000 |  | $ | 680,000 |
3.875% Convertible Senior Subordinated Notes |  | 400,000 |  |  | 400,000 |
6.875% Senior Subordinated Notes due 2019 |  | 250,000 |  |  | 250,000 |
5.25% Senior Notes due 2024 |  | 250,000 |  |  | - |
Total borrowings |  | 1,100,000 |  |  | 1,330,000 |
Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes |  | (42,427 | ) |  | (48,413 | )
|  | 1,057,573 |  |  | 1,281,587 |
Current portion of borrowings |  | (357,573 | ) |  | (351,587 | )
| $ | 700,000 |  | $ | 930,000 |
Fair Value of Long-Term Debt | The carrying amount of long-term debt reported in the consolidated balance sheet as of June 29, 2014 is $1,057.6 million. The Company uses quoted market prices to estimate the fair value of its publicly traded debt. To estimate the fair value of debt for which there are no quoted market prices, the Company uses a discounted cash flow technique that incorporates a market interest yield curve with adjustments for duration, optionality and risk profile. The Company’s implied credit rating is a factor in determining the market interest yield curve. The following table provides the fair value of the Company’s debt as of June 29, 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 | $ | 968,108 |
Level 2 |  | 457,051 |
Total | $ | 1,425,159 |

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