XML 77 R11.htm IDEA: XBRL DOCUMENT
v3.23.2

Long-Term Debt | 6 Months Ended
--- | ---
Jun. 30, 2023
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt A summary of long-term debt follows (in millions):
|  | June 30, 2023 |  | December 31, 2022
Senior secured term loan (1) |  | $ | 1,370.2 |  |  | $ | 1,370.0 |
6.750% senior unsecured notes due 2025 |  | 185.0 |  |  | 185.0 |
10.000% senior unsecured notes due 2027 |  | 320.0 |  |  | 320.0 |
Notes payable and other secured loans |  | 178.5 |  |  | 171.3 |
Finance lease obligations |  | 524.9 |  |  | 585.7 |
Less: unamortized debt issuance costs and discounts |  | (9.1) |  |  | (10.2) |
Total debt |  | 2,569.5 |  |  | 2,621.8 |
Less: Current maturities |  | 64.7 |  |  | 62.8 |
Total long-term debt |  | $ | 2,504.8 |  |  | $ | 2,559.0 |
(1)Includes unamortized fair value discount of $1.9 million and $2.1 million as of June 30, 2023 and December 31, 2022, respectively. On January 13, 2023, the Company entered into an amendment to its credit agreement, dated as of August 31, 2017 (the "Credit Agreement"), to provide a $203.8 million increase in the outstanding commitments under its revolving credit facility (the "Revolver"). As of June 30, 2023, the Company's availability on its Revolver was $545.9 million (including outstanding letters of credit of $7.9 million). There were no outstanding borrowings under the Revolver as of both June 30, 2023 and December 31, 2022. On June 8, 2023, the Company entered into an amendment to the Credit Agreement to transition the interest benchmark from LIBOR to the Secured Overnight Financing Rate ("SOFR") effective July 1, 2023.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration