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Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of outstanding debt

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

 

 

2023

 

 

2022

 

Borrowing under senior secured asset based revolving
   credit facility

 

$

60.0

 

 

$

80.0

 

2026 Notes

 

 

300.0

 

 

 

300.0

 

Other

 

 

13.7

 

 

 

8.0

 

Deferred financing costs

 

 

(1.6

)

 

 

(2.4

)

Total debt

 

 

372.1

 

 

 

385.6

 

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

 

 

(13.4

)

 

 

(6.1

)

Long-term debt

 

$

358.7

 

 

$

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%

Schedule of aggregate future maturities of outstanding debt obligations

The aggregate scheduled future maturities of outstanding debt obligations as of December 31, 2023 is summarized as follows:

Year

 

 

 

2024

 

$

13.4

 

2025

 

 

60.3

 

2026

 

 

300.0

 

2027

 

 

 

2028

 

 

 

Thereafter

 

 

 

Total

 

$

373.7

 

 

T