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

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Debt and Redeemable Preferred Stock

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

	September 30,			December 31,
(In millions)	2015			2014
Senior Secured Notes:
Principal amount outstanding	$	305.0		$	—
Unamortized original issue discount and issuance costs		(14.7	)		—
Senior Secured Notes, net		290.3			—
Asset-Based Facility:
Principal amount outstanding		57.5			—
Unamortized debt issuance costs		(2.6	)		—
Asset-Based Facility, net		54.9			—
Capital leases		4.5			—
Current portion of long-term debt		(1.8	)		—
Total long-term debt, net	$	347.9		$	—

Schedule of Activity Related to Redeemable Preferred Stock

The following table presents the activity related to the carrying value of Redeemable Preferred Stock during the nine months ended September 30, 2015:

(In millions)
Balance at beginning of period	$	—
Issuance of Redeemable Preferred Stock		19.6
Dividends and accretion		1.6
Balance at end of period	$	21.2