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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis The Company’s assets and liabilities that are measured at fair value on a recurring basis include the following:
 
 
 
Fair Value Measurement at March 31, 2020
Reporting Date Using
 
Total
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Carrying
Value
 
 
 
 
 
 
 
 
Recurring fair value measurements
 
 
 
 
 
 
 
Cash and cash equivalents
$
31.0

 
$
31.0

 
$
—

 
$
31.0

Interest rate caps - liability position
(3.6
)
 
—

 
(3.6
)
 
(3.6
)
Total recurring fair value measurements
$
27.4

 
$
31.0

 
$
(3.6
)
 
$
27.4

 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurement at December 31, 2019
Reporting Date Using
 
Total
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Carrying
Value
 
 
 
 
 
 
 
 
Recurring fair value measurements
 
 
 
 
 
 
 
Cash and cash equivalents
$
12.5

 
$
12.5

 
$
—

 
$
12.5

Interest rate caps - liability position
(4.1
)

$
—


(4.1
)

(4.1
)
Total recurring fair value measurements
$
8.4


$
12.5


$
(4.1
)

$
8.4
Estimated Fair Value of Company's Debt
The following table summarizes the major components of debt at each balance sheet date and provides the maturities and interest rate ranges of each major category of debt:
 
March 31,
2020
 
December 31,
2019
Revolving line of credit with lenders (Revolver), interest at applicable rate plus margin, as defined (4.27% and 5.43% at March 31, 2020 and December 31, 2019, respectively) due quarterly; balance due at maturity in November 2021
$
44.0

 
$
30.0

Term loans (Term Loan B); quarterly payments of $3.75 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
1,361.7

 
1,372.5

Senior notes (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 lease obligations, maturing through 2024
47.4

 
52.6

Other debt
7.8

 
8.1

 
1,885.9

 
1,888.2

Less: Original issue discount and debt issuance costs classified as a reduction to long-term debt
(18.7
)
 
(20.0
)
Less: Current portion
(87.4
)
 
(76.1
)
 
$
1,779.8

 
$
1,792.1


The estimated fair value of the Company’s debt is as follows:
 
March 31,
2020
 
December 31,
2019
Revolver
$
44.0


$
30.0

Senior Notes
431.4


443.4

Term Loan B
1,348.1


1,379.4


$
1,823.5


$
1,852.8