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Debt (Tables)
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of outstanding debt

Outstanding debt as of March 31, 2024 and December 31, 2023 is summarized as follows:

 

 

March 31, 2024

 

 

December 31, 2023

 

Borrowings under senior secured asset-based
   revolving credit facility

 

$

74.0

 

 

$

60.0

 

Senior secured second lien notes due 2026

 

 

300.0

 

 

 

300.0

 

Other debt

 

 

42.7

 

 

 

13.7

 

Deferred financing costs

 

 

(1.5

)

 

 

(1.6

)

Total debt

 

 

415.2

 

 

 

372.1

 

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

 

 

(42.5

)

 

 

(13.4

)

Long-term debt

 

$

372.7

 

 

$

358.7

 

 

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%