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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
8 Months Ended 9 Months Ended
Jun. 08, 2016
Jun. 30, 2017
Jun. 30, 2016
Successor      
Cash flows from operations      
Net income (loss) from continuing operations   $ 0.8 $ (17.1) [1]
Adjustments to reconcile to cash flows from operations:      
Depreciation and amortization   53.5 4.3 [1]
Debt issuance costs amortization, debt issuance costs write-offs and original issue discount amortization   3.1 (0.4) [1]
Non-cash transaction costs   0.0 12.8 [1]
Provision for bad debt   (0.1) 0.1 [1]
Deferred income taxes   (0.8) (1.9) [1]
Equity-based compensation expense   4.2 0.3 [1]
Change in fair value of contingent consideration obligations   19.8 (2.3) [1]
Gain on sale of property and equipment   0.0 0.0 [1]
Gain on debt extinguishment, net   0.0 0.0 [1]
Gain related to reimbursements of certain capital expenditures incurred   (8.1) 0.0 [1]
Changes in assets and liabilities:      
Accounts and notes receivable   (63.8) (6.0) [1]
Inventories   (34.9) 7.0 [1]
Other current assets   3.1 2.8 [1]
Accounts payable   11.7 (27.3) [1]
Related party payable   0.0 0.0 [1]
Accrued expenses and other liabilities   (1.1) (2.6) [1]
Changes in other operating assets and liabilities, net   0.6 0.3 [1]
Net cash provided by (used in) operating activities from continuing operations   (12.0) (30.0) [1]
Net cash provided by operating activities from discontinued operations   0.0 0.0 [1]
Net cash provided by (used in) operating activities   (12.0) (30.0) [1]
Cash flows from investing activities      
Additions to property and equipment   (20.7) (1.4) [1]
Proceeds from the disposal of property and equipment   0.4 0.0 [1]
Proceeds from reimbursement of certain capital expenditures incurred   8.4 0.0 [1]
Proceeds withdrawn from trust account   0.0 501.1 [1]
Cash paid for asset and business acquisitions   (63.5) (360.6) [1]
Net cash provided by (used in) investing activities   (75.4) 139.1 [1]
Cash flows from financing activities      
Proceeds from issuance of common stock   0.0 234.9 [1]
Redemption of common stock   0.0 (298.5) [1]
Proceeds from Sponsor convertible note and Sponsor promissory note   0.0 0.7 [1]
Repayment of Sponsor convertible notes and Sponsor promissory note   0.0 (1.0) [1]
Repurchases of membership units   0.0 0.0 [1]
Proceeds from short-term debt   30.1 4.9 [1]
Repayments of short-term debt   (29.6) (1.7) [1]
Proceeds from issuance of long-term debt   611.6 823.6 [1]
Repayments of long-term debt and capital lease obligations   (536.7) (41.0) [1]
Repayment of Predecessor long-term debt   0.0 (767.3) [1]
Payments of debt issuance costs   (1.3) (25.3) [1]
Net cash provided by (used in) financing activities   74.1 (70.7) [1]
Effect of exchange rate changes on cash and cash equivalents   (0.1) 0.0 [1]
Increase (decrease) in cash and cash equivalents   (13.4) 38.4 [1]
Cash and cash equivalents at the beginning of the period $ 0.2 [1] 47.5 0.2 [1]
Cash and cash equivalents at the end of the period   34.1 38.6 [1]
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest   33.9 7.2 [1]
Cash paid during the period for taxes   4.3 1.5 [1]
Supplemental disclosure of non-cash operating activities:      
Non-cash payment of deferred underwriting fees   0.0 18.3 [1]
Supplemental disclosure of non-cash investing and non-cash financing activities      
Non-cash capital expenditures   16.0 1.2 [1]
Non-cash intangible assets acquired   3.7 0.0 [1]
Non-cash capital lease obligations, net   $ 13.6 0.0 [1]
Predecessor      
Cash flows from operations      
Net income (loss) from continuing operations (13.9)    
Adjustments to reconcile to cash flows from operations:      
Depreciation and amortization 37.7    
Debt issuance costs amortization, debt issuance costs write-offs and original issue discount amortization 6.1    
Non-cash transaction costs 0.0    
Provision for bad debt 1.2    
Deferred income taxes 1.1    
Equity-based compensation expense 2.7    
Change in fair value of contingent consideration obligations 0.0    
Gain on sale of property and equipment (2.0)    
Gain on debt extinguishment, net (0.6)    
Gain related to reimbursements of certain capital expenditures incurred 0.0    
Changes in assets and liabilities:      
Accounts and notes receivable 34.4    
Inventories 8.4    
Other current assets (4.1)    
Accounts payable 13.4    
Related party payable (0.3)    
Accrued expenses and other liabilities (9.7)    
Changes in other operating assets and liabilities, net (4.9)    
Net cash provided by (used in) operating activities from continuing operations 69.5    
Net cash provided by operating activities from discontinued operations 0.1    
Net cash provided by (used in) operating activities 69.6    
Cash flows from investing activities      
Additions to property and equipment (14.2)    
Proceeds from the disposal of property and equipment 2.4    
Proceeds from reimbursement of certain capital expenditures incurred 0.0    
Proceeds withdrawn from trust account 0.0    
Cash paid for asset and business acquisitions 0.0    
Net cash provided by (used in) investing activities (11.8)    
Cash flows from financing activities      
Proceeds from issuance of common stock 0.0    
Redemption of common stock 0.0    
Proceeds from Sponsor convertible note and Sponsor promissory note 0.0    
Repayment of Sponsor convertible notes and Sponsor promissory note 0.0    
Repurchases of membership units (0.1)    
Proceeds from short-term debt 20.9    
Repayments of short-term debt (17.1)    
Proceeds from issuance of long-term debt 292.1    
Repayments of long-term debt and capital lease obligations (417.3)    
Repayment of Predecessor long-term debt 0.0    
Payments of debt issuance costs 0.0    
Net cash provided by (used in) financing activities (121.5)    
Effect of exchange rate changes on cash and cash equivalents 0.3    
Increase (decrease) in cash and cash equivalents (63.4)    
Cash and cash equivalents at the beginning of the period 127.7   $ 127.7
Cash and cash equivalents at the end of the period 64.3    
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 32.9    
Cash paid during the period for taxes 3.4    
Supplemental disclosure of non-cash operating activities:      
Non-cash payment of deferred underwriting fees 0.0    
Supplemental disclosure of non-cash investing and non-cash financing activities      
Non-cash capital expenditures 16.5    
Non-cash intangible assets acquired 0.0    
Non-cash capital lease obligations, net $ 14.3    
[1] The three and nine months ended June 30, 2016 include 22 days of the acquired business’ operating activities as a result of the consummation of the Business Combination on June 9, 2016.