Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

Outstanding debt at December 31, 2017 and 2016 is summarized as follows:

(in millions)	2017			2016
Revolving credit facility	$	25.0		$	63.5
Term Loan B	815.0			825.0
Senior Notes due 2024	425.0			425.0
Capital leases	2.7			3.3
Total debt and capital leases, including current portion	1,267.7			1,316.8
Less current portion of capital leases	(0.7		)	(1.6		)
Less unamortized debt issuance costs (1)	(26.4		)	(36.5		)
Less hedge accounting fair value adjustment (2)	(8.4		)	—
Total long-term debt and capital leases	$	1,232.2		$	1,278.7

Maturities of Debt

Maturities of debt, excluding capital leases, are as follows as of December 31, 2017:

(in millions)
Year ending December 31:
2018	$	—
2019	—
2020	—
2021	25.0
2022	—
Thereafter	1,240.0
	$	1,265.0

Current Covenant Levels of the Financial Covenants Under the Senior Credit Facility

The current levels of the financial ratio covenants under the Senior Secured Credit Facilities and the Company's actual ratios for each quarter ended during 2017 are set forth below:

Fiscal Quarter Ending	Consolidated Total Leverage Ratio Level (less than)	Actual Consolidated Total Leverage Ratio	Consolidated Interest Coverage Ratio Level (greater than)	Actual Consolidated Interest Coverage Ratio
March 31, 2017	5.50:1.00	5.20:1.00	2.50:1.00	2.71:1.00
June 30, 2017	5.25:1.00	5.06:1.00	2.50:1.00	2.87:1.00
September 30, 2017	5.00:1.00	4.82:1.00	2.75:1.00	3.06:1.00
December 31, 2017 (1)	4.75:1.00	4.53:1.00	3.00:1.00	3.25:1.00

⁽¹⁾ Consolidated Total Leverage Ratio level shown does not incorporate the increase to 5.25:1.00 as discussed below for the amendment to the 2016 Credit Agreement entered into subsequent to December 31, 2017.

Schedule of Debt Redemption Prices

In addition, the Company may redeem the Senior Notes at its option, in whole or in part, at the following redemption prices (expressed as percentages of the principal amount thereof) if redeemed during the 12-month period commencing on February 15 of the years set forth below:

Year	Percentage
2019	107.125	%
2020	104.750	%
2021	102.375	%
2022 and thereafter	100.000	%