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Accounts Receivable Sale Program
6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Accounts Receivable Sales Program

Note 10 – Accounts Receivable Sale Program

As of June 30, 2021, in connection with trade accounts receivable sale programs with unaffiliated financial institutions, the Company may elect to sell, at a discount, on an ongoing basis, up to a maximum of $120.0 million of specific accounts receivable at any one time.

During the three months ended June 30, 2021 and 2020, the Company sold $87.0 million and $77.9 million, respectively, of accounts receivable under this program, and in exchange, the Company received cash proceeds of $86.8 million and $77.7 million, respectively, net of the discount. During the six months ended June 30, 2021 and 2020, the Company sold $166.3 million and $154.3 million, respectively, of accounts receivable under this program, and in exchange, the Company received cash proceeds of $166.0 million and $154.0 million, respectively, net of the discount. The loss on the sale resulting from the discount was recorded to other expense within the condensed consolidated statements of income (loss).