Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of outstanding debt

Outstanding debt as of March 31, 2022 and December 31, 2021 is summarized as follows:

	March 31, 2022			December 31, 2021
Borrowings under senior secured asset-based revolving    credit facility	$	80.0		$	100.0
Senior secured second lien notes due 2026		300.0			300.0
Other debt		12.1			10.3
Deferred financing costs		(2.9	)		(3.1	)
Total debt		389.2			407.2
Short-term borrowings and current portion of long-term    debt		(9.1	)		(7.3	)
Long-term debt	$	380.1		$	399.9

Schedule of revolving credit facility bear interest at variable rate based upon average quarterly availability

The variable interest rate is based upon the average availability as of the most recent determination date as follows:

Average quarterly availability	Alternative base rate spread	Eurodollar and overnight LIBOR spread
≥ 50% of Aggregate Commitment	0.25%	1.25%
< 50% of Aggregate Commitment	0.50%	1.50%