XML 61 R44.htm IDEA: XBRL DOCUMENT v3.3.1.900
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt consists of the following:

 

(in millions)

    2015      2014  

Revolving credit facility

    $ 133.0       $ 139.0   

Other long-term debt

      0.0         0.4   
  

 

 

     

 

 

  
     133.0         139.4   

Less current portion

      0.0         (0.4 ) 
  

 

 

     

 

 

  
   $ 133.0       $ 139.0   
  

 

 

     

 

 

  
Summary of Debt Refinancing Costs

As a result, the Company capitalized $1.5 million of refinancing costs which are being amortized over the expected life of the facility, as shown here:

 

(in millions)

    2015      2014  

Gross cost at January 1

    $ 2.6       $ 2.5   

Capitalized in the year

      1.5         0.1   

Written down in the year

      (2.6 )       0.0   
  

 

 

     

 

 

  
   $ 1.5       $ 2.6   
  

 

 

     

 

 

  

Accumulated amortization at January 1

    $ (1.5 )     $ (0.8 ) 

Amortization in the year

      (1.2 )       (0.7 ) 

Amortization written down in the year

      2.6         0.0   
  

 

 

     

 

 

  
   $ (0.1 )     $ (1.5 ) 
  

 

 

     

 

 

  

Net book value at December 31

    $ 1.4       $ 1.1