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Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of outstanding debt

Outstanding debt as of September 30, 2021 and December 31, 2020 are summarized as follows:

		September 30, 2021				December 31, 2020
Borrowings under senior secured asset based revolving    credit facility		$	100.0			$	—
Senior secured second lien notes due 2026			300.0				300.0
Other			11.6				14.7
Deferred financing costs			(3.3	)			(3.8	)
Total debt			408.3				310.9
Short-term borrowings and current portion of long-term    debt			(8.4	)			(10.5	)
Long-term debt		$	399.9			$	300.4

Schedule of revolving credit facility bear interest at variable rate based upon average quarterly availability

Borrowings under the ABL Revolving Credit Facility bear interest at a variable rate using either the Alternative Base Rate or the Eurodollar and Overnight London Interbank Offered Rate (“LIBOR”). The variable interest rate is based upon the average availability as of the most recent determination date as follows:

Average quarterly availability	Alternative base rate spread	Eurodollar and overnight LIBOR spread
≥ 50% of Aggregate Commitment	0.25%	1.25%
< 50% of Aggregate Commitment	0.50%	1.50%

X

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Schedule of revolving credit facility bear interest at variable rate based upon average quarterly availability.

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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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