DEBT |
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Jun. 26, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DEBT |
A summary of total debt outstanding at June 26, 2022 and December 31, 2021 is as follows:
There were no material changes to any of our debt arrangements during the second quarter and six months ended June 26, 2022. The decrease in the convertible notes debt discount reflects the impact of the adoption of ASU 2020-06 on the carrying value of the convertible notes.
The interest rate for incremental borrowings under the Revolver due 2026 at June 26, 2022 was LIBOR plus 1.50% (or 2.52%) for the LIBOR-based option. The fee payable on committed but unused portions of the Revolver due 2026 was 0.20% at June 26, 2022. Total cash interest paid for the second quarter of 2022 and 2021 was $23.9 million and $14.1 million, respectively, and $27.1 million and $17.4 million for the comparative six month periods, respectively.
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