Debt and Redeemable Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

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

	December 31,
(In millions)	2016			2015
Senior Secured Notes:
Principal amount outstanding	$	305.0		$	305.0
Unamortized original issue discount and debt issuance costs		(10.1	)		(14.3	)
Senior Secured Notes, net		294.9			290.7
Asset-Based Facility:
Principal amount outstanding		57.0			22.0
Unamortized debt issuance costs		(1.5	)		(2.4	)
Asset-Based Facility, net		55.5			19.6
Term Loan		1.5			—
Capital leases		4.6			4.1
Current portion of long-term debt		(2.3	)		(2.3	)
Total long-term debt, net	$	354.2		$	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 years ended December 31, 2016 and 2015:

(In millions)
Balance, December 31, 2014	$	—
Fair value of Redeemable Preferred Stock issued		19.6
Dividends on Redeemable Preferred Stock, in-kind		1.5
Accretion of fair value adjustment to Redeemable Preferred Stock		0.8
Balance, December 31, 2015		21.9
Dividends on Redeemable Preferred Stock, in-kind		2.0
Accretion of fair value adjustment to Redeemable Preferred Stock		1.0
Balance, December 31, 2016	$	24.9

Schedule of Contractual Maturities of Long Term Debt

The following table presents contractual maturities of long-term debt as of December 31, 2016:

(In millions)
2017	$	2.3
2018		58.5
2019		306.4
2020		0.5
2021		0.4
Total	$	368.1