Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

A summary of our interest rate swaps is as follows:

Interest Rate Swap Agreements	Designation	Maturity Date	Rate	Notional Value		Debt Instrument Hedged	Percentage of Debt Instrument Outstanding
June 30, 2021
September 2019 Swap	Cash flow hedge	June 1, 2023	1.50%	$	50.0	First Lien Dollar Term Facility	20%
Second Amended January 2019 Swap	Cash flow hedge	June 1, 2024	2.09%		200.0	First Lien Dollar Term Facility	80%
				$	250.0		100%
December 31, 2020
September 2019 Swap	Cash flow hedge	June 1, 2023	1.50%	$	50.0	First Lien Dollar Term Facility	18%
Second Amended January 2019 Swap	Cash flow hedge	June 1, 2024	2.09%		200.0	First Lien Dollar Term Facility	74%
				$	250.0		92%

Schedule of Derivative Assets at Fair Value

The following table summarizes the total fair values of derivative assets and liabilities and the respective classification in the condensed consolidated balance sheets as of June 30, 2021 and December 31, 2020. The net amount of derivatives can be reconciled to the tabular disclosure of fair value in Note 10, “Fair Value Measurement”:

Interest Rate Swap Agreements	Balance Sheet Classification	June 30, 2021		December 31, 2020
Designated as cash flow hedges	Accrued liabilities and other	$	4.6	$	4.6
Designated as cash flow hedges	Derivative instruments		6.0		9.6
		$	10.6	$	14.2

Schedule of Derivative Liabilities at Fair Value

The following table summarizes the total fair values of derivative assets and liabilities and the respective classification in the condensed consolidated balance sheets as of June 30, 2021 and December 31, 2020. The net amount of derivatives can be reconciled to the tabular disclosure of fair value in Note 10, “Fair Value Measurement”:

Interest Rate Swap Agreements	Balance Sheet Classification	June 30, 2021		December 31, 2020
Designated as cash flow hedges	Accrued liabilities and other	$	4.6	$	4.6
Designated as cash flow hedges	Derivative instruments		6.0		9.6
		$	10.6	$	14.2

Schedule of Derivative Instruments, Gain (Loss)

The following table presents the effect of our derivative financial instruments on our unaudited condensed consolidated statement of operations. The income effects of our derivative activities are reflected in interest expense.

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Total interest expense presented in the statement of operations	$	6.0	$	5.5	$	11.6	$	11.7
Interest rate swap agreements designated as cash flow hedges	$	0.9	$	0.4		1.9		0.7