XML 47 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
Debt (Tables)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Debt Disclosure [Abstract]    
Schedule Components of Long-Term Debt
The components of long-term debt as of March 31, 2017, and December 31, 2016, were as follows:

 
March 31,
2017
 
December 31,
2016
Master note and security agreement
$
149.2

 
$
152.6

Term loan A—$375.0 million due January 2021
375.0

 
376.9

Term loan B—$300.0 million due April 2021
290.0

 
290.6

Revolving credit facility—$725.0 million due January 2021
3.6

 
19.0

Senior unsecured notes—$300.0 million due May 2022
243.5

 
243.5

International term loan—$18.9 million
15.1

 
16.8

International revolving credit facility—$15.1 million
4.1

 
5.3

Equipment term loans
8.5

 
9.5

Other
1.6

 
1.6

Debt issuance costs
(12.6
)
 
(11.3
)
Total debt
$
1,078.0

 
$
1,104.5

Less: short-term debt and current portion of long-term debt
(71.6
)
 
(84.7
)
Long-term debt
$
1,006.4

 
$
1,019.8

 
Schedule of Debt Issuance Costs
Activity impacting the Company's debt issuance costs for the three months ended March 31, 2017, was as follows:

 
Debt
Issuance Costs
Balance at December 31, 2016
$
11.3

Debt issuance costs from February 10, 2017 debt financing arrangement
3.2

Loss on debt extinguishment from April 28, 2014 debt financing arrangement
(1.1
)
Amortization of debt issuance costs
(0.8
)
Balance at March 31, 2017
$
12.6

 
Schedule of Loss on Debt Extinguishment  
The gain on debt extinguishment recorded during the three months ended March 31, 2016, was as follows:

 
Master Note and Security Agreement
 
Senior Unsecured Notes
 
Total
Principal amount repurchased
$
60.1

 
$
56.5

 
$
116.6

 
 
 
 
 
 
Repurchase price
61.2

 
42.5

 
103.7

Less: accrued interest paid
(1.2
)
 
(1.1
)
 
(2.3
)
Net repurchase price
60.0

 
41.4

 
101.4

 
 
 
 
 
 
Debt financing fees expensed
(0.1
)
 

 
(0.1
)
Debt issuance costs expensed
(0.2
)
 
(0.8
)
 
(1.0
)
Gain (loss) on debt extinguishment
$
(0.2
)
 
$
14.3

 
$
14.1

Schedule of Gain on Debt Extinguishment  
The gain on debt extinguishment recorded during the three months ended March 31, 2016, was as follows:

 
Master Note and Security Agreement
 
Senior Unsecured Notes
 
Total
Principal amount repurchased
$
60.1

 
$
56.5

 
$
116.6

 
 
 
 
 
 
Repurchase price
61.2

 
42.5

 
103.7

Less: accrued interest paid
(1.2
)
 
(1.1
)
 
(2.3
)
Net repurchase price
60.0

 
41.4

 
101.4

 
 
 
 
 
 
Debt financing fees expensed
(0.1
)
 

 
(0.1
)
Debt issuance costs expensed
(0.2
)
 
(0.8
)
 
(1.0
)
Gain (loss) on debt extinguishment
$
(0.2
)
 
$
14.3

 
$
14.1