XML 52 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consists of the following:
Interest Rate
Percentage
Maturity
Date		June 30, 2020December 31, 2019
(in Millions)LIBOR borrowingsBase rate borrowings
Revolving Credit Facility (1)
3.0%4.3%2023$28.1  $154.6  
4.125% Convertible Senior Notes due 2025 (2)
4.125%2025225.0—  
Less transaction costs - 2025 Notes (2)
(5.5) —  
Discount - 2025 Notes (2)
(38.9) —  
Total long-term debt (3)
$208.7  $154.6  
______________________________
(1)As of June 30, 2020 and December 31, 2019, there were $11.0 million in letters of credit outstanding under our Revolving Credit Facility and $285.9 million and $234.4 million available funds as of June 30, 2020 and December 31, 2019, respectively. Fund availability is subject to the Company meeting its debt covenants.
(2)Does not include amounts related to the Over-Allotment Option which closed on July 7, 2020.
(3)  As of June 30, 2020 and December 31, 2019, the Company had no debt maturing within one year.
Convertible Debt
The following table summarizes the debt discount and liability and equity allocations of the transaction costs for the original issuance and Over-Allotment Option.
(a)(b)(a) + (b)
 $225.0 million principal
June Amortization (five days)As of June 30, 2020
 $20.75 million principal Over-Allotment
Total 2025 Notes
(in Millions)
Discount (1)
$39.0  $(0.1) $38.9  $3.6  $42.6  
Transaction costs
Liability (2)
$5.5  $—  $5.5  $0.5  $6.0  
Equity1.2  —  1.2  0.1  1.3  
Total transaction costs$6.7  $—  $6.7  $0.6  $7.3  
____________________________
(1)All of the interest related to discount amortization was capitalized for the last five days of the three and six months ended June 30, 2020.
(2)Amortization of transaction costs was less than $0.1 million for the last five days of the three and six months ended June 30, 2020.