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Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule Components of Long-Term Debt

The components of long-term debt as of September 30, 2020, and December 31, 2019, were as follows:

			September 30, 2020						December 31, 2019
Master note and security agreement			$	18.6					$	70.7
Term Loan A			761.5						768.3
Revolving credit facility			—						—
Senior unsecured notes			238.7						243.5
International term loans			11.6						16.5
International revolving credit facilities			0.3						5.7
Other			2.7						3.1
Debt issuance costs			(7.5)						(9.3)
Total debt			$	1,025.9					$	1,098.5
Less: short-term debt and current portion of long-term debt			(56.8)						(40.0)
Long-term debt			$	969.1					$	1,058.5

Schedule of Debt Issuance Costs

Activity impacting the Company’s debt issuance costs for the nine months ended September 30, 2020, was as follows:

			Capitalized Debt Issuance Costs
Balance at December 31, 2019			$	9.3
Debt issuance costs from June 29, 2020 debt financing arrangement			2.6
Loss on debt extinguishment from January 31, 2019 debt financing arrangement			(2.3)
Loss on debt extinguishment from Master Note and Security Tender			(0.2)
Amortization of debt issuance costs			(1.9)
Balance at September 30, 2020			$	7.5

Schedule of Loss on Debt Extinguishment

The Company completed the third amendment to the April 28, 2014 Senior Secured Credit Facility on January 31, 2019, which resulted in a loss on debt extinguishment recorded during the nine months ended September 30, 2019, and was comprised of the following:

			2019 Loss on Debt Extinguishment
Debt issuance costs:
Debt issuance costs from February 10, 2017 debt financing arrangement			$	0.7
Debt issuance costs from January 31, 2019 debt financing arrangement			14.2
Debt issuance costs from July 26, 2019 delayed draw Term Loan A funding and retirement of Term Loan B			0.5
Original issue discount:
Original issue discount from February 10, 2017 debt financing arrangement			1.0
Original issue discount from July 26, 2019 delayed draw Term Loan A funding and retirement of Term Loan B			14.1
Total			$	30.5

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7516071&loc=d3e13374-112631

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