Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consisted of the following:

	December 31,
	2019			2018
2021 Senior Notes (5.25% fixed rate) due May 2021	$	175.0		$	175.0
Global Revolving Credit Facilities (variable rates) due December 2023	21.6			57.9
Second German Loan Agreement (2.45% fixed rate) due in quarterly installments ending September 2022	3.5			4.8
Third German Loan Agreement (1.45% fixed rate) due in quarterly installments ending September 2022	3.7			4.9
Deferred financing costs	(3.0		)	(3.5		)
Total Debt	200.8			239.1
Less: Debt payable within one year	2.6			2.3
Long-term debt	$	198.2		$	236.8

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:

	2020		2021		2022		2023		2024		Thereafter		Total
Debt payments	$	2.6	$	177.8	$	1.8	$	21.6	$	—	$	—	$	203.8