v3.20.2
DEBT
9 Months Ended
Sep. 27, 2020
Debt Disclosure [Abstract]  
DEBT
9. DEBT
 
A summary of total debt outstanding at September 27, 2020 and December 31, 2019 is as follows:
(thousands) September 27, 2020 December 31, 2019
Long-term debt:    
1.0% convertible notes due 2023
$ 172,500  $ 172,500 
Term loan due 2024 95,000  97,500 
Revolver due 2024 135,000  135,000 
7.5% senior notes due 2027
300,000  300,000 
Total long-term debt 702,500  705,000 
Less: convertible notes debt discount, net (17,958) (23,260)
Less: term loan deferred financing costs, net (463) (542)
Less: senior notes deferred financing costs, net (5,227) (5,844)
Less: current maturities of long-term debt (5,000) (5,000)
Total long-term debt, less current maturities, net $ 673,852  $ 670,354 

There were no material changes to any of our debt arrangements during the third quarter and nine months ended September 27, 2020.

Interest rates for borrowings under the revolver and term loan are the prime rate or LIBOR plus a margin. At September 27, 2020, all of the Company's borrowings under the revolver and term loan were under the LIBOR-based option. The interest rate for incremental borrowings at September 27, 2020 was LIBOR plus 1.5% (or 1.69%) for the LIBOR-based option. The fee payable on committed but unused portions of the revolver was 0.20% at September 27, 2020.
Total cash interest paid was $3.2 million and $6.9 million for the third quarter of 2020 and 2019, respectively, and $21.4 million and $19.7 million for the first nine months of 2020 and 2019, respectively.