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Debt (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company’s outstanding debt as of the dates indicated (in millions):
 
 
September 30,
2017
 
December 31,
2016
 
September 24,
2016
Senior Notes
 
$
150.0

 
$

 
$

Senior Credit Facility:
 
 
 
 
 
 
February 2016 Term Loan
 
182.5

 
190.0

 
195.0

June 2017 Term Loan
 
98.8

 

 

Revolving credit loans
 
80.0

 
85.0

 
100.0

Total outstanding borrowings
 
511.3

 
275.0

 
295.0

Less: unamortized debt issuance costs
 
(1.6
)
 
(1.1
)
 
(1.2
)
Total debt
 
509.7

 
273.9

 
293.8

Less: current portion of long-term debt
 
(22.5
)
 
(10.0
)
 
(10.0
)
Long-term debt
 
$
487.2

 
$
263.9

 
$
283.8

 
 
 
 
 
 
 
Outstanding letters of credit
 
$
41.6

 
$
44.3

 
$
44.4