Debt and Redeemable Preferred Stock (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The following table presents the Company’s long-term debt as of March 31, 2016 and December 31, 2015:

	March 31,			December 31,
(In millions)	2016			2015
Senior Secured Notes:
Principal amount outstanding	$	305.0		$	305.0
Unamortized original issue discount and issuance costs		(13.3	)		(14.3	)
Senior Secured Notes, net		291.7			290.7
Asset-Based Facility:
Principal amount outstanding		34.5			22.0
Unamortized debt issuance costs		(2.1	)		(2.4	)
Asset-Based Facility, net		32.4			19.6
Capital leases		4.6			4.1
Current portion of long-term debt		(2.4	)		(2.3	)
Total long-term debt, net	$	326.3		$	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 three months ended March 31, 2016:

(In millions)
Balance, December 31, 2015	$	21.9
Dividends and accretion		0.7
Balance, March 31, 2016	$	22.6