XML 46 R27.htm IDEA: XBRL DOCUMENT v3.3.0.814
Debt and Financing (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2014
USD ($)
Sep. 30, 2015
USD ($)
$ / shares
shares
Sep. 30, 2014
USD ($)
shares
Jun. 30, 2015
Dec. 31, 2014
USD ($)
Mar. 25, 2015
$ / shares
shares
Dec. 31, 2013
USD ($)
Debt Instrument [Line Items]              
Long-term Debt, Gross   $ 1,085,500,000     $ 1,116,200,000    
Premium/(Discount), Debt   (4,700,000)     (6,300,000)    
Book Value   1,080,800,000     1,109,900,000    
Book Value, Current Maturities   (15,500,000)     (31,100,000)    
Par Value, Excluding Current Maturities   1,070,000,000     1,084,500,000    
Debt Instrument, Unamortized Discount (Premium), Net, Noncurrent Maturities   4,700,000     5,700,000    
Book Value, Excluding Current Maturities   1,065,300,000     1,078,800,000    
Cash and cash equivalents $ 181,400,000 210,700,000 $ 181,400,000   171,100,000   $ 176,300,000
Series B Notes outstanding principal and interest           17,900,000.0  
Series B Notes conversion price per share | $ / shares           $ 18.00  
Common stock shares converted for Series B Notes | shares           994,689  
Expense Related to Fair Value of Incremental Shares Converted   $ 600,000          
Cash Repayment to Series B Notes holders   300,000.0          
Amortization of premiums and discounts on debt   $ 1,700,000 26,500,000        
Operating leases, future minimum payments, remainder of fiscal year   17,700,000          
Operating leases, future minimum payments due   232,100,000          
Acquisition of property and equipment   (71,800,000) (47,600,000)        
Carrying Amount [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Fair Value   1,080,800,000     1,109,900,000    
Fair Value [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Fair Value   1,073,300,000     1,104,400,000    
2014 Term Loan [Domain] [Domain]              
Debt Instrument [Line Items]              
Long-term Debt, Gross   687,800,000          
Premium/(Discount), Debt   (4,700,000)          
Book Value   683,100,000          
Debt Instrument, Gross, Current Maturities   (7,000,000)     (7,000,000)    
Premium/(Discount), Current Maturities   0     0    
Book Value, Current Maturities   $ (7,000,000)     (7,000,000)    
Stated Interest Rate   8.25%          
Average Effective Interest Rate   8.50%          
2014 Term Loan [Domain] [Domain] | Carrying Amount [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Fair Value   $ 683,100,000     687,300,000    
2014 Term Loan [Domain] [Domain] | Fair Value [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Fair Value   673,200,000     685,400,000    
Restructured Term Loan [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Gross         693,000,000    
Premium/(Discount), Debt         (5,700,000)    
Book Value         $ 687,300,000    
Stated Interest Rate         8.25%    
Average Effective Interest Rate         8.50%    
Line of Credit [Member] | 2014 ABL Facility Credit Agreement [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Gross [1]   0          
Premium/(Discount), Debt [1]   0          
Book Value [1]   0          
Borrowing base   445,100,000     $ 445,500,000    
Line of credit facility, total cash and availability   $ 78,600,000     71,200,000    
Line of Credit [Member] | ABL facility - Term A [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Gross [2]         0    
Premium/(Discount), Debt [2]         0    
Book Value [2]         0    
Pension Contribution Deferral Obligation [Member]              
Debt Instrument [Line Items]              
Stated Interest Rate, Minimum            
Stated Interest Rate, Maximum            
Letter of Credit [Member] | 2014 ABL Facility Credit Agreement [Member]              
Debt Instrument [Line Items]              
Letters of credit outstanding, amount   $ 366,500,000     374,300,000    
10 percent of Borrowing Base   44,500,000          
10 percent of line cap   45,000,000          
Unused borrowing capacity, amount         27,100,000    
Senior Notes [Member] | Carrying Amount [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Fair Value   0     17,100,000    
Senior Notes [Member] | Fair Value [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Fair Value   $ 0     17,700,000    
Senior Notes [Member] | Senior B Notes [Domain]              
Debt Instrument [Line Items]              
Long-term Debt, Gross         17,700,000    
Premium/(Discount), Debt         (600,000)    
Book Value         $ 17,100,000    
Stated Interest Rate         10.00%    
Average Effective Interest Rate         25.60%    
Senior Notes [Member] | Senior B Notes              
Debt Instrument [Line Items]              
Debt conversion price, future period | $ / shares   $ 18.5334          
Number of shares converted per thousand, future period | shares   53.9567          
Conversion ratio   0.0539567          
Debt conversion, amount $ 0   $ 1,200,000        
Conversion of stock, shares converted | shares     75,900        
Interest Expense, Debt     $ 400,000        
Make whole premium     200,000        
Amortization of premiums and discounts on debt     $ 200,000        
Senior Notes [Member] | Series B Note [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Gross, Current Maturities         $ (17,700,000)    
Premium/(Discount), Current Maturities         600,000    
Book Value, Current Maturities         (17,100,000)    
Secured Second A&R CDA [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Gross   $ 44,700,000     47,000,000    
Premium/(Discount), Debt   0     0    
Book Value   $ 44,700,000     $ 47,000,000    
Stated Interest Rate, Minimum 3.25% 3.30%          
Stated Interest Rate, Maximum 18.30% 18.30%          
Average Effective Interest Rate   7.30%     7.30%    
Unsecured Second A&R CD [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Gross   $ 73,200,000     $ 73,200,000    
Premium/(Discount), Debt   0     0    
Book Value   $ 73,200,000     $ 73,200,000    
Stated Interest Rate, Minimum   3.30%          
Stated Interest Rate, Maximum   18.30%          
Average Effective Interest Rate   7.30%     7.30%    
Lease Financing Obligations [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Gross   $ 279,800,000     $ 285,100,000    
Premium/(Discount), Debt   0     0    
Book Value   279,800,000     285,100,000    
Debt Instrument, Gross, Current Maturities   (8,500,000)     (6,800,000)    
Premium/(Discount), Current Maturities   0     0    
Book Value, Current Maturities   $ (8,500,000)     $ (6,800,000)    
Stated Interest Rate, Minimum   10.00%     10.00%    
Stated Interest Rate, Maximum   18.20%     18.20%    
Average Effective Interest Rate   12.00%     12.00%    
Lease Financing Obligations [Member] | Carrying Amount [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Fair Value   $ 279,800,000     $ 285,100,000    
Lease Financing Obligations [Member] | Fair Value [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Fair Value   284,700,000     282,200,000    
Other Debt Obligations [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Gross         200,000    
Premium/(Discount), Debt         0    
Book Value         200,000    
Debt Instrument, Gross, Current Maturities         (200,000)    
Premium/(Discount), Current Maturities         0    
Book Value, Current Maturities         (200,000)    
Other Debt Obligations [Member] | Carrying Amount [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Fair Value   117,900,000     120,400,000    
Other Debt Obligations [Member] | Fair Value [Member]              
Debt Instrument [Line Items]              
Long-term Debt, Fair Value   $ 115,400,000     119,100,000    
Credit Agreement Amendment, September 2014 [Member]              
Debt Instrument [Line Items]              
Maximum Total Leverage Ratio, September 30, 2015   4.50          
Maximum Total Leverage Ratio, December 31, 2015   4.25          
Maximum Total Leverage Ratio, March 31, 2016   4.00          
Maximum Total Leverage Ratio, June 30, 2016   3.75          
Maximum Total Leverage Ratio, September 30, 2016   3.75          
Maximum Total Leverage Ratio, December 31, 2016   3.50          
Maximum Total Leverage Ratio, March 31, 2017   3.25          
Maximum Total Leverage Ratio, June 30, 2017   3.25          
Maximum Total Leverage Ratio, September 30, 2017   3.25          
Maximum Total Leverage Ratio, December 31, 2017 and thereafter   3          
Debt Instrument, Total Leverage Ratio       3.15      
2014 ABL Facility Credit Agreement [Member]              
Debt Instrument [Line Items]              
Amount able to be drawn   $ 34,100,000.0          
2014 ABL Facility Credit Agreement [Member] | Line of Credit [Member]              
Debt Instrument [Line Items]              
Line of credit facility, total cash and availability   244,800,000.0     $ 198,200,000.0    
Revenue Equipment [Member]              
Debt Instrument [Line Items]              
Operating lease commitment   $ 102,000,000          
Operating lease term   5 years          
[1] There were no amounts drawn on the ABL Facility at any time during the nine months ended September 30, 2015.
[2] There were no amounts drawn on the ABL Facility at any time during the twelve months ended December 31, 2014.