LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2020

LONG-TERM DEBT.

Schedule of long term debt

Long-term debt consists of the following as of March 31, 2020 and December 31, 2019 (in millions):

	March 31,		December 31,
	2020		2019
Line of credit	$	—	$	1.7
Term loan facility		487.3		488.5
Equipment term loans		180.3		188.4
Finance and capital leases		26.0		25.5
		693.6		704.1
Less current portion		(57.7)		(59.4)
Less unamortized debt issuance costs		(10.3)		(11.4)
Total long-term debt	$	625.6	$	633.3

Schedule of adjustment for margin of line of credit and senior term loan corresponding to fixed charge coverage ratio.

Fixed Charge Coverage Ratio	Base Rate Margins		LIBOR Rate Margins
Less than 1.25 to 1.00	2.25	%	3.25	%
Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00	1.75	%	2.75	%
Greater than or equal to 1.50 to 1.00, but less than 1.75 to 1.00	1.25	%	2.25	%
Greater than or equal to 1.75 to 1.00	0.75	%	1.75	%

Schedule of adjustment for margin of line of credit and senior term loan corresponding to RLOC Utilization

RLOC Utilization	Base Rate Margins		LIBOR Rate Margins
Less than 33.3%	0.50	%	1.50	%
Greater than or equal to 33.3%, but less than 66.6%	0.75	%	1.75	%
Greater than or equal to 66.6%	1.00	%	2.00	%

Future principal payments on long-term debt

Future principal payments on long-term debt (see Note 2 for future payments on leases) as of March 31, 2020 are as follows (in millions):

Twelve months ending March 31,	Term Loan Facility		Equipment Term Loans		Total
2021	$	5.0	$	46.4	$	51.4
2022		2.5		42.6		45.1
2023		2.5		33.9		36.4
2024		477.3		32.1		509.4
2025		—		16.6		16.6
Thereafter		—		8.7		8.7
Total long-term debt	$	487.3	$	180.3	$	667.6