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Debt And Financing (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
Our outstanding debt as of December 31, 2016 and December 31, 2015 consisted of the following:

As of December 31, 2016 (in millions)
Par Value
 
Discount
 
Debt Issuance Costs
 
Book
Value
 
Stated
Interest Rate
 
Effective
Interest Rate
Term Loan
$
638.5

 
$
(2.7
)
 
$
(8.6
)
 
$
627.2

 
8.00
%
(a) 
8.20
%
ABL Facility
—

 
—

 
—

 
—

 
N/A

 
N/A

Secured Second A&R CDA
28.7

 
—

 
(0.6
)
 
28.1

 
3.3-18.3%

 
7.5
%
Unsecured Second A&R CDA
73.2

 
—

 
—

 
73.2

 
3.3-18.3%

 
7.5
%
Lease financing obligations
269.9

 
—

 
(1.3
)
 
268.6

 
9.0-18.2%

 
12.0
%
Total debt
$
1,010.3

 
$
(2.7
)
 
$
(10.5
)
 
$
997.1

 
 
 
 
Current maturities of Term Loan
$
(6.7
)
 
$
—

 
$
—

 
$
(6.7
)
 
 
 
 
Current maturities of lease financing obligations
(10.1
)
 
—

 
—

 
(10.1
)
 
 
 
 
Long-term debt
$
993.5

 
$
(2.7
)
 
$
(10.5
)
 
$
980.3

 
 
 
 


As of December 31, 2015 (in millions)
Par Value
 
Premium/
(Discount)
 
Debt Issuance Costs
 
Book
Value
 
Stated
Interest Rate
 
Effective
Interest Rate
Term Loan
$
686.0

 
$
(4.3
)
 
$
(12.7
)
 
$
669.0

 
8.25
%
(a) 
8.45
%
ABL Facility(a)
—

 
—

 
—

 
—

 
N/A

 
N/A

Secured Second A&R CDA
44.7

 
—

 
(0.3
)
 
44.4

 
3.3-18.3%

 
7.3
%
Unsecured Second A&R CDA
73.2

 
—

 
(0.5
)
 
72.7

 
3.3-18.3%

 
7.3
%
Lease financing obligations
278.0

 
—

 
(1.7
)
 
276.3

 
10.0-18.2%

 
12.0
%
Total debt
$
1,081.9

 
$
(4.3
)
 
$
(15.2
)
 
$
1,062.4

 
 
 
 
Current maturities of Term Loan
(7.0
)
 
—

 
—

 
(7.0
)
 
 
 
 
Current maturities of lease financing obligations
(8.9
)
 
—

 
—

 
(8.9
)
 
 
 
 
Long-term debt
$
1,066.0

 
$
(4.3
)
 
$
(15.2
)
 
$
1,046.5

 
 
 
 

(a)
As of December 31, 2016 and 2015, respectively, the stated interest rate represented a variable interest rate of 1, 3 or 6-month LIBOR, with a floor of 1.0% plus a fixed margin ranging from 7.00% to 7.25%.
Cash Flow Activity Related To Restructuring [Table Text Block]
The table below summarizes the cash flow activity for the 2014 Financing Transactions:

Cash Sources (in millions)
 
 
Cash Uses (in millions)
 
Term Loan
$
700.0

 
Extinguish Prior ABL Facility (includes accrued interest)
$
326.0

Proceeds from sale of common stock
215.0

 
Extinguish Prior Term Loan (includes accrued interest)
299.7

Proceeds from sale of preferred stock
35.0

 
Retire 6% Notes
71.5

Cash proceeds from restricted amounts held in escrow - existing ABL facility
90.0

 
Repurchase Series A Notes (upon transaction closing and includes accrued interest)
93.9

ABL Facility
—

 
Redeem Series A Notes (on August 5, 2014 and includes accrued interest)
89.6

 
 
 
Fees, Expenses and Original Issuance Discount
50.8

 
 
 
Restricted Cash to Balance Sheet(a)
92.0

 
 
 
Cash to Balance Sheet
16.5

Total sources
$
1,040.0

 
Total uses
$
1,040.0

(a)
Under the terms of the ABL Facility, this amount was classified as “restricted amounts held in escrow” in the consolidated balance sheet at the closing date of the ABL Facility.
Non cash activity related to restructuring [Table Text Block]
The table below summarizes the non-cash activity for the 2014 Financing Transactions:

Non-Cash Sources (in millions)
 
 
Non-Cash Uses (in millions)
 
Secured Second A&R CDA
$
51.0

 
A&R CDA
$
124.2

Unsecured Second A&R CDA
73.2

 
Exchange/conversion of Series B Notes to common stock
50.6

Exchange/conversion of Series B Notes to common stock
50.6

 
 
 
Total sources
$
174.8

 
Total uses
$
174.8
Schedule of Maturities of Long-term Debt [Table Text Block]
The principal maturities over the next five years and thereafter of total debt as of December 31, 2016 was as follows:
                                         
(in millions)
Term Loan
ABL Facility
Second A&R CDA
Lease Financing Obligations(a)
Total
2017
$
6.7

$
—

$
—

$
10.1

$
16.8

2018
6.7

—

—

11.8

18.5

2019
625.1

—

101.9

6.6

733.6

2020
—

—

—

4.2

4.2

2021
—

—

—

3.2

3.2

Thereafter
—

—

—

234.0

234.0

Total
$
638.5

$
—

$
101.9

$
269.9

$
1,010.3



(a)
Lease financing obligations subsequent to 2021 of $234.0 million represent principal cash obligations of $11.2 million and the estimated net book value of the underlying assets at the expiration of their associated lease agreements of $222.8 million.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
The book value and estimated fair values of our long-term debt, including current maturities and other financial instruments, are summarized as follows:

 
December 31, 2016
 
December 31, 2015
(in millions)
Book Value
 
Fair Value
 
Book Value
 
Fair Value
Term Loan
$
627.2

 
$
638.1

 
$
669.0

 
$
594.6

ABL Facility
—

 
—

 
—

 
—

Lease financing obligations
268.6

 
259.1

 
276.3

 
282.9

Secured and Unsecured A&R CDA
101.3

 
101.8

 
117.1

 
102.1

Total debt
$
997.1

 
$
999.0

 
$
1,062.4

 
$
979.6
Schedule of Maximum Total Leverage Ratio for Remaining Test Periods [Table Text Block]
Our total maximum leverage ratio covenants are as follows:

Four Consecutive Fiscal Quarters Ending
Maximum Total
Leverage Ratio
Four Consecutive Fiscal Quarters Ending
Maximum Total
Leverage Ratio
December 31, 2016
3.50 to 1.00
March 31, 2018
3.50 to 1.00
March 31, 2017
3.85 to 1.00
June 30, 2018
3.50 to 1.00
June 30, 2017
3.85 to 1.00
September 30, 2018
3.25 to 1.00
September 30, 2017
3.75 to 1.00
December 31, 2018
3.25 to 1.00
December 31, 2017
3.50 to 1.00