Debt and Redeemable Preferred Stock (Tables)

9 Months Ended

Sep. 30, 2017

Debt and Redeemable Preferred Stock

Schedule of Long-Term Debt

The following table presents the Company’s short-term and long-term debt as of September 30, 2017 and December 31, 2016:

	September 30,		December 31,
(In millions)	2017		2016
Long-term debt due within one year, net:
Senior Secured Notes:
Principal amount outstanding	$	305.0	$	—
Unamortized original issue discount and debt issuance costs		(6.7)		—
Senior Secured Notes, net		298.3		—
Revolving credit facilities:
Principal amount outstanding		86.5		—
Unamortized debt issuance costs		(0.8)		—
Revolving credit facilities, net		85.7		—
Capital leases due within one year		3.7		2.3
Total long-term debt due within one year, net	$	387.7	$	2.3
Long-term debt, net:
Senior Secured Notes:
Principal amount outstanding	$	—	$	305.0
Unamortized original issue discount and debt issuance costs		—		(10.1)
Senior Secured Notes, net		—		294.9
Revolving credit facilities:
Principal amount outstanding		—		57.0
Unamortized debt issuance costs		—		(1.5)
Revolving credit facilities, net		—		55.5
Term Loan		—		1.5
Capital leases		5.0		2.3
Total long-term debt, net		5.0		354.2
Total debt	$	392.7	$	356.5

Schedule of Activity Related to Redeemable Preferred Stock

The following table presents activity related to the carrying value of Redeemable Preferred Stock during the nine months ended September 30, 2017:

(In millions)
Balance, December 31, 2016	$	24.9
Accretion of fair value adjustment to Redeemable Preferred Stock		0.7
Balance, September 30, 2017	$	25.6