Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of outstanding debt

Outstanding debt as of December 31, 2019 and 2018 is summarized as follows:

	2019			2018
Senior secured asset based revolving credit facility	$	—		$	—
Senior secured second lien notes due 2021		—			254.2
Senior secured second lien notes due 2026		300.0			—
Other		16.7			21.2
Deferred financing costs		(4.5	)		(2.3	)
Total debt		312.2			273.1
Short-term borrowings and current portion of    long-term debt		(3.8	)		(6.4	)
Long-term debt	$	308.4		$	266.7

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

Borrowings under the ABL Revolving Credit Facility bear interest at a variable rate using either the Alternative Base Rate or the Eurodollar and Overnight London Interbank Offer Rate (“LIBOR”). The variable interest rate is based upon the average quarterly availability as of the most recent determination date as follows:

Average quarterly availability	Alternative base rate spread	Eurodollar and overnight LIBOR 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, 2019 is as follows: 

Year
2020	$	3.8
2021		10.5
2022		1.7
2023		—
2024		—
Thereafter		300.7
Total	$	316.7