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Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following:
 
 
December 31,
 
 
2018
 
2017
2021 Senior Notes (5.25% fixed rate) due May 2021
 
$
175.0

 
$
175.0

Global Revolving Credit Facilities (variable rates) due December 2023
 
57.9

 
76.9

Second German Loan Agreement (2.45% fixed rate) due in quarterly installments ending September 2022
 
4.8

 
6.4

Third German Loan Agreement (1.45% fixed rate) due in quarterly installments ending March 2023
 
4.9

 

Deferred financing costs
 
(3.5
)
 
(2.8
)
Total Debt
 
239.1

 
255.5

Less: Debt payable within one year
 
2.3

 
1.4

Long-term debt
 
$
236.8

 
$
254.1

Schedule of ABR interest rates applicable to outstanding borrowings
ABR borrowings under the Global Revolving Credit Facilities will bear interest at the highest interest rate shown in the following table:
 
 
 
 
 
 
 
Applicable Margin
 
 
U.S. Revolving
Credit Facility
 
German Revolving
Credit Facility
Prime rate
 
0.00%-0.25%
 
Not applicable
Federal funds rate +0.50%
 
0.00%-0.25%
 
Not applicable
Monthly LIBOR (which cannot be less than zero percent) +1.00%
 
0.00%-0.25%
 
Not applicable
Overnight LIBOR (which cannot be less than zero percent)
 
Not applicable
 
1.25%-1.75%
Schedule of debt payments
The following table presents the Company's required debt payments:
 
 
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
Debt payments
 
$
2.3

 
$
2.4

 
$
177.4

 
$
2.0

 
$
58.5

 
$

 
$
242.6