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Debt (Tables) | 12 Months Ended
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Dec. 31, 2015
Debt Disclosure [Abstract] |
Schedule of Borrowings Outstanding | Debt for the Company consists of the following:
(in millions) | December 31, 2015 |  | December 31, 2014 |  |
Debt: | Amount |  | Rate |  | Amount |  | Rate |  | Maturity Date
Revolving credit facility | $ | — |  |  | N/A |  | $ | 16.0 |  |  | (1) |  | March 18, 2018
Term A Facility | 409.4 |  |  | (2) |  | 484.5 |  |  | (2) |  | March 18, 2018
Term B Facility | 100.1 |  |  | (3) |  | 594.4 |  |  | (3) |  | March 18, 2020
2020 Senior Notes | 375.0 |  |  | 6.875% |  | 375.0 |  |  | 6.875% |  | December 15, 2020
2023 Senior Notes | 450.0 |  |  | 5.625% |  | — |  |  | —% |  | October 15, 2023
8.0% Sealy Notes | 111.1 |  |  | 8.0% |  | 104.7 |  |  | 8.0% |  | July 15, 2016
Capital lease obligations and other | 34.0 |  |  |  |  | 27.7 |  |  |  |  | Various
Total debt | 1,479.6 |  |  |  |  | 1,602.3 |  |  |  |  |
Less: deferred financing costs | (24.8 | ) |  |  |  | (37.6 | ) |  |  |  |
Total debt, net | 1,454.8 |  |  |  |  | 1,564.7 |  |  |  |  |
Less: current portion | (181.5 | ) |  |  |  | (66.4 | ) |  |  |  |
Total long term debt, net | 1,273.3 |  |  |  |  | 1,498.3 |  |  |  |  |
(1) | Interest at Base Rate plus applicable margin of 2.00% or LIBOR plus applicable margin of 3.00% as of December 31, 2014. As of December 31, 2015, there were no borrowings under the Revolver. As of December 31, 2014, the Revolver LIBOR plus applicable margin interest rate was 3.16%.
(2) | Interest at LIBOR plus applicable margin of 2.00% as of December 31, 2015 and 2.25% as of December 31, 2014. As of December 31, 2015 and 2014, the Term A Facility total LIBOR plus applicable margin interest rate was 2.42%.
(3) | Interest at LIBOR, subject to a 0.75% floor plus applicable margin of 2.75% as of December 31, 2015 and December 31, 2014. As of December 31, 2015 and 2014, the Term B Facility total LIBOR plus applicable margin was 3.50%.
Schedule of Maturities of Long-term Debt | As of December 31, 2015, the scheduled maturities of long-term debt outstanding, including capital lease obligations, for each of the next five years and thereafter are as follows:
(in millions) |  | Amount
2016 |  | $ | 181.5 |
2017 |  | 58.0 |
2018 |  | 314.1 |
2019 |  | 7.3 |
2020 |  | 460.8 |
Thereafter |  | 457.9 |
Total |  | $ | 1,479.6 |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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