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Borrowings (Tables)
 3 Months Ended
Mar. 29, 2015
Debt Disclosure [Abstract]  
Components of Long-Term Debt
The Company's borrowings at March 29, 2015 and December 31, 2014 are as follows:
 
March 29, 2015
 
December 31, 2014
 
(Dollars in thousands)
Senior Credit Facility:
 
 
 
Revolving credit facility, at a rate of 1.92% at March 29, 2015, due 2018
$
200,000

 
$
200,000

3.875% Convertible Senior Subordinated Notes due 2017
399,846

 
399,898

6.875% Senior Subordinated Notes due 2019
250,000

 
250,000

5.25% Senior Notes due 2024
250,000

 
250,000

Securitization program, at a rate of 0.93% at March 29, 2015
34,700

 
4,700


1,134,546

 
1,104,598

Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes due 2017
(32,981
)
 
(36,197
)
 
1,101,565

 
1,068,401

Current borrowings
(401,565
)
 
(368,401
)
Long-term borrowings
$
700,000

 
$
700,000
Fair Value of Long-Term Debt
The following table provides the fair value of the Company’s debt as of March 29, 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, 2014 for further information):
 
 
Fair value of debt
 
(Dollars in thousands)
Level 1
$
1,040,170

Level 2
494,596

Total
$
1,534,766