Debt and Redeemable Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

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

	December 31,
(In millions)	2015			2014
Senior Secured Notes:
Principal amount outstanding	$	305.0		$	—
Unamortized original issue discount and issuance costs		(14.3	)		—
Senior Secured Notes, net		290.7			—
Asset-Based Facility:
Principal amount outstanding		22.0			—
Unamortized debt issuance costs		(2.4	)		—
Asset-Based Facility, net		19.6			—
Capital leases		4.1			—
Current portion of long-term debt		(2.3	)		—
Total long-term debt, net	$	312.1		$	—

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 year ended December 31, 2015:

(In millions)
Balance, December 31, 2014	$	—
Fair value of Redeemable Preferred Stock issued		19.6
Dividends and accretion		2.3
Balance, December 31, 2015	$	21.9

Schedule of Contractual Maturities of Long Term Debt

The following table presents contractual maturities of long-term debt as of December 31, 2015:

(In millions)
	2016	$	2.4
	2017		1.2
	2018		22.5
	2019		305.1
	2020		—
Total		$	331.2