Debt, Other Financing Arrangements and Redeemable Preferred Stock (Tables)

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Debt and Redeemable Preferred Stock

The following table presents the Company’s long-term debt as of June 30, 2015 and December 31, 2014:

	June 30,			December 31,
(In millions)	2015			2014
Senior Secured Notes:
Principal amount outstanding	$	305.0		$	—
Unamortized original issue discount and issuance costs		(15.8	)		—
Senior Secured Notes, net		289.2			—
Asset-Based Facility:
Principal amount outstanding		51.0			—
Unamortized debt issuance costs		(2.8	)		—
Asset-Based Facility, net		48.2			—
Capital leases		3.9			—
Current portion of long-term debt		(1.5	)
Total long-term debt, net	$	339.8		$	—

Schedule of Activity Related to Redeemable Preferred Stock

The following table presents the activity related to the Redeemable Preferred Stock during the six months ended June 30, 2015:

(In millions)
Balance at beginning of period	$	—
Issuance of Redeemable Preferred Stock		19.6
Dividends and accretion		0.9
Balance at end of period	$	20.5