XML 46 R36.htm IDEA: XBRL DOCUMENT v3.23.1
Debt (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of outstanding debt

Outstanding debt as of March 31, 2023 and December 31, 2022 is summarized as follows:

 

 

March 31, 2023

 

 

December 31, 2022

 

Borrowings under senior secured asset-based revolving
   credit facility

 

$

70.0

 

 

$

80.0

 

Senior secured second lien notes due 2026

 

 

300.0

 

 

 

300.0

 

Other debt

 

 

9.6

 

 

 

8.0

 

Deferred financing costs

 

 

(2.2

)

 

 

(2.4

)

Total debt

 

 

377.4

 

 

 

385.6

 

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

 

 

(7.9

)

 

 

(6.1

)

Long-term debt

 

$

369.5

 

 

$

379.5

 

 

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

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%