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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt consists of the following:

 

(in millions)

    2017      2016  

Revolving credit facility

    $ 121.0      $ 161.0  

Term loan

      99.0        110.0  

Deferred finance costs

      (1.6 )       (2.2 ) 
  

 

 

     

 

 

  
     218.4        268.8  

Less current portion

      (15.8 )       (10.3 ) 
  

 

 

     

 

 

  
   $ 202.6      $ 258.5  
  

 

 

     

 

 

  
Summary of Debt Refinancing Costs

The Company capitalized refinancing costs of $1.2 million in 2016, which are being amortized over the expected life of the facility, as shown here:

 

(in millions)

    2017      2016  

Gross cost at January 1

    $ 2.7      $ 1.5  

Capitalized in the year

      0.0        1.2  
  

 

 

     

 

 

  
   $ 2.7      $ 2.7  
  

 

 

     

 

 

  

Accumulated amortization at January 1

    $ (0.5 )     $ (0.1 ) 

Amortization in the year

      (0.6 )       (0.4 ) 
  

 

 

     

 

 

  
   $ (1.1 )     $ (0.5 ) 
  

 

 

     

 

 

  

Net book value at December 31

    $ 1.6      $ 2.2