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Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of outstanding debt | Outstanding debt as of March 31, 2024 and December 31, 2023 is summarized as follows:
|  | March 31, 2024 |  |  | December 31, 2023 |
Borrowings under senior secured asset-based revolving credit facility |  | $ | 74.0 |  |  | $ | 60.0 |
Senior secured second lien notes due 2026 |  |  | 300.0 |  |  |  | 300.0 |
Other debt |  |  | 42.7 |  |  |  | 13.7 |
Deferred financing costs |  |  | (1.5 | ) |  |  | (1.6 | )
Total debt |  |  | 415.2 |  |  |  | 372.1 |
Short-term borrowings and current portion of long-term debt |  |  | (42.5 | ) |  |  | (13.4 | )
Long-term debt |  | $ | 372.7 |  |  | $ | 358.7 |
Schedule of revolving credit facility bear interest at variable rate based upon average quarterly availability |
Average quarterly availability | Alternative base rate spread | SOFR spread
≥ 50% of Aggregate Commitment | 0.25% | 1.25%
< 50% of Aggregate Commitment | 0.50% | 1.50%

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