Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of the following:

	Interest Rate Percentage			Maturity Date	September 30, 2020		December 31, 2019
(in Millions)	LIBOR borrowings	Base rate borrowings
Revolving Credit Facility (1)	2.4%	4.5%		2023	$	25.1	$	154.6
4.125% Convertible Senior Notes due 2025			4.125%	2025	245.7		—
Discount - 2025 Notes (2)					(46.7)		—
Total long-term debt (3)					$	224.1	$	154.6

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(1)As of September 30, 2020 and December 31, 2019, there were $11.0 million in letters of credit outstanding under our Revolving Credit Facility and $288.9 million and $234.4 million available funds as of September 30, 2020 and December 31, 2019, respectively. Fund availability is subject to the Company meeting its debt covenants.

(2)Includes transaction costs.

(3)     As of September 30, 2020 and December 31, 2019, the Company had no debt maturing within one year.

Convertible Debt

The following table summarizes the final amounts recorded upon closing for the original issuance and Over-Allotment Option related to debt discount and liability and equity allocations of the transaction costs.

	(a)		(b)		(a) + (b)
	$225.0 million principal		$20.75 million principal Over-Allotment		Total 2025 Notes
(in Millions)
Discount	$	39.0	$	3.6	$	42.6
Transaction costs
Liability (1)	$	5.5	$	0.7	$	6.2
Equity	1.2		0.2		1.4
Total transaction costs	$	6.7	$	0.9	$	7.6

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(1) Amortization of transaction costs was $0.3 million for the three and nine months ended September 30, 2020.