XML 48 R45.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
Long-term debt consists of the following at December 31:
 
2019
2018
Revolving line of credit with lenders; interest at base rate plus margin, as defined (5.43% and 6.69% at December 31, 2019 and 2018, respectively) due quarterly; balance due at maturity in 2021
$
30.0

$
37.0

Term loans; quarterly principal payments commencing March 31, 2017 through September 30, 2023 with final payment due November 10, 2023; interest at an alternate base rate or adjusted LIBOR rate with a 0.75% floor plus an applicable margin
1,372.5

1,387.5

Senior notes payable; interest at 5.625% payable in arrears semi-annually commencing May 15, 2017; maturing on November 15, 2024.
425.0

425.0

Finance/capital lease obligations, interest rates between 3.70% and 7.73%, maturing through 2024
52.6

69.2

Other debt
8.1

9.5


1,888.2

1,928.2

Less: Original issue discount and debt issuance costs classified as a reduction to long-term debt
(20.0
)
(25.2
)
Less: Current portion
(76.1
)
(85.9
)

$
1,792.1

$
1,817.1




Schedule of Annual Aggregate Principal Maturities
Annual aggregate principal maturities at December 31, 2019 are as follows:
2020
$
46.1

2021
63.1

2022
21.7

2023
1,329.9

2024
426.8

Thereafter
0.6

 
$
1,888.2

Schedule of Debt Redemption Prices The redemption prices set forth in the indenture for the twelve month periods beginning on November 15 of the years indicated below are as follows:
Year
Percentage

2019
104.219
%
2020
102.813
%
2021
101.406
%
2022 and thereafter
100.000
%

Schedule of Estimated Fair Value of Debt
The estimated fair value of the Company's debt is as follows at December 31:
 
 
2019
 
2018
Revolving Credit Facility
 
$
30.0

 
$
37.0

Senior Notes
 
443.4

 
418.6

Term Loan B Facility
 
1,379.4

 
1,332.0

 
 
$
1,852.8

 
$
1,787.6


Schedule of Unconditional Purchase Commitments
The following table summarizes the Company's unconditional purchase commitments as of December 31, 2019:
2020
$
41.3

2021
13.7

2022
11.8

2023
10.0

2024
5.1

Thereafter
53.4


$
135.3