Debt and Redeemable Preferred Stock (Tables)

9 Months Ended

Sep. 30, 2016

The following table presents the Company’s long-term debt as of September 30, 2016 and December 31, 2015:

	September 30,			December 31,
(In millions)	2016			2015
Senior Secured Notes:
Principal amount outstanding	$	305.0		$	305.0
Unamortized original issue discount and issuance costs		(11.2	)		(14.3	)
Senior Secured Notes, net		293.8			290.7
Asset-Based Facility:
Principal amount outstanding		45.5			22.0
Unamortized debt issuance costs		(1.7	)		(2.4	)
Asset-Based Facility, net		43.8			19.6
Capital leases		4.6			4.1
Current portion of long-term debt		(2.4	)		(2.3	)
Total long-term debt, net	$	339.8		$	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 nine months ended September 30, 2016:

(In millions)
Balance, December 31, 2015	$	21.9
Dividends on Redeemable Preferred Stock, in-kind		1.4
Accretion of fair value adjustment to Redeemable Preferred Stock		0.8
Balance, September 30, 2016	$	24.1