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Debt (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt Obligations

Our debt obligations consisted of the following as of the periods presented:

		March 31,				December 31,
		2021				2020
		(Dollars in millions)
Term Debt, interest rate of 2.6%		$	663.0			$	664.7
Revolving Credit Facility ($300.0 million available capacity less amounts reserved for    letters of credit, which were $0.8 million and $0.4 million, respectively)			—				—
Convertible Senior Notes			575.0				—
Canada Line of Credit (CDN $7.0 million letter of credit capacity, which was fully utilized; USD $5.6 million and USD $5.4 million, respectively)			—				—
Financing lease liabilities (Please refer to Note 13)			10.3				8.8
Total debt			1,248.3				673.5
Less unamortized discount on Term Debt and Convertible Senior Notes			109.0				1.2
Less unamortized debt issuance costs on Term Debt and Convertible Senior Notes			15.7				4.5
Less current portion of long-term debt			8.2				7.2
Long-term debt, less current portion		$	1,115.4			$	660.6

Schedule of Convertible Senior Notes

The following table presents details of the Notes:

		Initial Conversion Rate per $1,000 Principal		Initial Conversion Price per Share
Notes		7.5641 shares			$132.20

Carrying Amount of Liability Component of Notes

The carrying amount of the liability component of the Notes was as follows:

		March 31, 2021
		(Dollars in millions)
Principal amount		$	575.0
Less:
Unamortized debt discount			107.9
Unamortized debt issuance costs			11.5
Net carrying amount		$	455.6

Summary of Interest Expense Recognized Related to Notes

The following table sets forth total interest expense recognized related to the Notes for the period:

		Three Months Ended March 31, 2021
		(Dollars in millions)
Contractual interest expense		$	0.1
Amortization of debt discount			0.7
Amortization of debt issuance costs			0.1
Total		$	0.9

Schedule of Future Principal Payments and Maturities of Indebtedness, Excluding Financing Lease Obligations

The future principal payments and maturities of our indebtedness, excluding financing lease obligations, are as follows:

Years Ending December 31,		Amount
		(Dollars in millions)
2021		$	5.1
2022			6.8
2023			6.8
2024			6.8
2025			637.5
Thereafter			575.0
		$	1,238.0

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