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Debt (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt

Outstanding debt as of June 30, 2024 and December 31, 2023 is summarized as follows:

 

 

 

June 30, 2024

 

 

December 31, 2023

 

Borrowings under senior secured asset based revolving
   credit facility

 

$

107.5

 

 

$

60.0

 

Senior secured second lien notes due 2026

 

 

300.0

 

 

 

300.0

 

Other debt

 

 

21.5

 

 

 

13.7

 

Deferred financing costs

 

 

(1.3

)

 

 

(1.6

)

Total debt

 

 

427.7

 

 

 

372.1

 

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

 

 

(21.4

)

 

 

(13.4

)

Long-term debt

 

$

406.3

 

 

$

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%