Debt and Redeemable Preferred Stock (Tables)

3 Months Ended

Mar. 31, 2017

The following table presents the Company’s long-term debt as of March 31, 2017 and December 31, 2016:

	March 31,			December 31,
(In millions)	2017			2016
Senior Secured Notes:
Principal amount outstanding	$	305.0		$	305.0
Unamortized original issue discount and debt issuance costs		(9.0	)		(10.1	)
Senior Secured Notes, net		296.0			294.9
Revolving credit facilities:
Principal amount outstanding		78.2			57.0
Unamortized debt issuance costs		(1.0	)		(1.5	)
Revolving credit facilities, net		77.2			55.5
Term Loan		—			1.5
Capital leases		7.0			4.6
Current portion of long-term debt		(2.9	)		(2.3	)
Long-term debt, net	$	377.3		$	354.2

Schedule of Activity Related to Redeemable Preferred Stock

The following table presents activity related to the carrying value of Redeemable Preferred Stock during the year ended December 31, 2016 and the three months ended March 31, 2017:

(In millions)
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
Accretion of fair value adjustment to Redeemable Preferred Stock		0.2
Balance, March 31, 2017	$	25.1