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Debt and Financing (Tables)
 6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
Our outstanding debt as of June 30, 2017 consisted of the following:
As of June 30, 2017 (in millions)
Par Value
 
Discount
 
Debt Issuance Costs
 
Book
Value
 
Stated
Interest Rate
 
Average Effective
Interest Rate
Term Loan
$
635.2

 
$
(2.1
)
 
$
(9.1
)
 
$
624.0

 
8.50
%
(a) 
8.70
%
ABL Facility
—

 
—

 
—

 
—

 
N/A

 
N/A

Secured Second A&R CDA
27.2

 
—

 
(0.1
)
 
27.1

 
4.3-18.3%

 
7.5
%
Unsecured Second A&R CDA
73.2

 
—

 
(0.4
)
 
72.8

 
4.3-18.3%

 
7.5
%
Lease financing obligations
265.2

 
—

 
(1.1
)
 
264.1

 
9.0-18.2%

 
12.0
%
Total debt
$
1,000.8

 
$
(2.1
)
 
$
(10.7
)
 
$
988.0

 
 
 
 
Current maturities of Term Loan
(6.8
)
 
—

 
—

 
(6.8
)
 
 
 
 
Current maturities of lease financing obligations
(10.9
)
 
—

 
—

 
(10.9
)
 
 
 
 
Long-term debt
$
983.1

 
$
(2.1
)
 
$
(10.7
)
 
$
970.3

 
 
 
 

(a)  
Variable interest rate of 1, 3 or 6-month LIBOR, with a floor of 1.0%%, plus a fixed margin of 7.50%.
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
June 30, 2017
3.85 to 1.00
 
September 30, 2019
3.25 to 1.00
September 30, 2017
3.75 to 1.00
 
December 31, 2019
3.00 to 1.00
December 31, 2017
3.50 to 1.00
 
March 31, 2020
3.00 to 1.00
March 31, 2018
3.50 to 1.00
 
June 30, 2020
3.00 to 1.00
June 30, 2018
3.50 to 1.00
 
September 30, 2020
2.75 to 1.00
September 30, 2018
3.50 to 1.00
 
December 31, 2020
2.75 to 1.00
December 31, 2018
3.50 to 1.00
 
March 31, 2021
2.75 to 1.00
March 31, 2019
3.25 to 1.00
 
June 30, 2021 and thereafter
2.50 to 1.00
June 30, 2019
3.25 to 1.00
 
 
 
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:
 
 
June 30, 2017
 
December 31, 2016
(in millions)
Book Value
 
Fair value
 
Book Value
 
Fair value
Term Loan
$
624.0

 
$
622.6

 
$
627.2

 
$
638.1

Lease financing obligations
264.1

 
233.8

 
268.6

 
259.1

Second A&R CDA
99.9

 
98.4

 
101.3

 
101.8

Total debt
$
988.0

 
$
954.8

 
$
997.1

 
$
999.0