XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.20.2

Debt | 6 Months Ended
--- | ---
Jun. 28, 2020
Debt Disclosure [Abstract] |
Debt | Debt Debt outstanding was as follows:
| In millions | June 28, 2020 |  | December 31, 2019 |
| 3.67% Loan Notes due 2021 | $ | 25.0 |  |  | $ | 25.0 |  |
| 4.88% Loan Notes due 2023 | 25.0 |  |  | 25.0 |  |
| 4.94% Loan Notes due 2026 | 25.0 |  |  | 25.0 |  |
| Revolving credit facility | 16.3 |  |  | 17.5 |  |
| Unamortized debt issuance costs | (0.8) |  |  | (1.1) |  |
| Total debt | $ | 90.5 |  |  | $ | 91.4 |  |
| Less current portion | $ | — |  |  | $ | — |  |
| Non-current debt | $ | 90.5 |  |  | $ | 91.4 |  |
The weighted-average interest rate on the revolving credit facility was 2.19% for the Second Quarter of 2020 and 2.47% for the full-year 2019. The maturity profile of the Company's debt, excluding unamortized issuance costs and discounts, is as follows:
| In millions | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Thereafter |  | Total |
| Loan Notes due 2021 | $ | — |  |  | $ | 25.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 25.0 |  |
| Loan Notes due 2023 | — |  |  | — |  |  | — |  |  | 25.0 |  |  | — |  |  | — |  |  | — |  |  | 25.0 |  |
| Loan Notes due 2026 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25.0 |  |  | 25.0 |  |
| Revolving credit facility | — |  |  | — |  |  | 16.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16.3 |  |
| Total debt | $ | — |  |  | $ | 25.0 |  |  | $ | 16.3 |  |  | $ | 25.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 25.0 |  |  | $ | 91.3 |  |
Loan notes due and shelf facility We have been in compliance with the covenants under the Note Purchase and Private Shelf Agreement throughout all of the quarterly measurement dates from and including September 30, 2014, to June 28, 2020. The Loan Notes due 2021, 2023 and 2026, the Shelf Facility and the Note Purchase and Private Shelf Agreement are governed by the law of the State of New York. Senior Facilities Agreement During the Second Quarter of 2020, we repaid $18.4 million on the Revolving Credit Facility and the balance outstanding at June 28, 2020, was $16.3 million, and at December 31, 2019, was $17.5 million, with $133.7 million undrawn at June 28, 2020, $132.5 million at December 31, 2019. We have been in compliance with the covenants under the Senior Facilities Agreement throughout all of the quarterly measurement dates from and including September 30, 2011, to June 28, 2020.

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 information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration