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Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of outstanding debt

Outstanding debt as of June 30, 2022 and December 31, 2021 is summarized as follows:

 

 

 

June 30, 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

 

 

15.8

 

 

 

10.3

 

Deferred financing costs

 

 

(2.6

)

 

 

(3.1

)

Total debt

 

 

393.2

 

 

 

407.2

 

Short-term borrowings and current portion of long-term
   debt

 

 

(13.5

)

 

 

(7.3

)

Long-term debt

 

$

379.7

 

 

$

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

SOFR spread

≥ 50% of Aggregate Commitment

0.25%

1.25%

< 50% of Aggregate Commitment

0.50%

1.50%