DEBT

3 Months Ended

Mar. 29, 2020



9.	DEBT

A summary of total debt outstanding at March 29, 2020 and December 31, 2019 is as follows:



(thousands)	March 29, 2020			December 31, 2019
Long-term debt:
Revolver due 2024	$	135,000		$	135,000
Term loan due 2024	97,500			97,500
7.5% senior notes due 2027	300,000			300,000
1.0% convertible notes due 2023	172,500			172,500
Total long-term debt	705,000			705,000
Less: convertible notes debt discount, net	(21,536		)	(23,260		)
Less: senior notes deferred financing costs, net	(5,707		)	(5,844		)
Less: current maturities of long-term debt	(5,000		)	(5,000		)
Less: term loan deferred financing costs, net	(522		)	(542		)
Total long-term debt, less current maturities, net	$	672,235		$	670,354

There were no material changes to any of our debt arrangements during the quarter ended March 29, 2020.

Interest rates for borrowings under the revolver and term loan are the prime rate or LIBOR plus a margin. At March 29, 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 March 29, 2020 was LIBOR plus 1.5% (or 3.13%) for the LIBOR-based option. The fee payable on committed but unused portions of the revolver was 0.20% at March 29, 2020.

Total cash interest paid for the first quarter of 2020 and 2019 was $2.6 million and $6.5 million, respectively.