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Debt (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Summary of Components of Long-Term Borrowings and Finance Lease Obligations

The following table summarizes the components of Long-term borrowings and finance lease obligations:

(in millions)			March 31, 2021						December 31, 2020
2019 Credit Agreement (a)			$	220.1					$	209.4
Finance lease obligations (b)			2.5						0.6
Total long-term borrowings and finance lease obligations, including current portion			222.6						210.0
Less: Current finance lease obligations (b)			0.6						0.2
Total long-term borrowings and finance lease obligations			$	222.0					$	209.8

(a)     Defined as the Second Amended and Restated Credit Agreement, dated July 30, 2019. Amounts at March 31, 2021 include incremental borrowings to fund a portion of the OSW acquisition - see Note 2 – Acquisitions.

(b)    Amounts at March 31, 2021 include finance lease obligations acquired in connection with the OSW acquisition - see Note 2 – Acquisitions.

Schedule of Carrying Amounts and Estimated Fair Values of Long-Term Borrowings

The following table summarizes the carrying amounts and estimated fair values of the Company’s long-term borrowings:

			March 31, 2021												December 31, 2020
(in millions)			Notional Amount						Fair Value						Notional Amount						Fair Value
Long-term borrowings (a)			$	222.6					$	222.6					$	210.0					$	210.0

(a)     Long-term borrowings includes current finance lease obligations of $0.6 million and $0.2 million as of March 31, 2021 and December 31, 2020, respectively.

Schedule of Gross Borrowings and Gross Payments

The following table summarizes the gross borrowings and gross payments under the Company’s revolving credit facilities:

			Three Months Ended March 31,
(in millions)			2021						2020
Gross borrowings			$	45.0					$	81.1
Gross payments			34.9						17.5

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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