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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of company’s financial assets and liabilities measured at fair value on a recurring basis and the basis of measurement
The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis and the basis of measurement at December 31, 2019 and December 31, 2018:

Fair Value Measurement
 
December 31, 2019
 
December 31, 2018
(millions)
Level 1
Level 2
Level 3
 
Level 1
Level 2
Level 3
Assets
 
 
 
 
 
 
 
Cash and cash equivalents
$
24.1

$

$

 
$
39.9

$

$

Liabilities
 
 
 
 
 
 
 
Accrued expenses
 
 
 
 
 
 
 
Interest rate collars

(0.6
)

 



Total
$
24.1

$
(0.6
)
$

 
$
39.9

$

$


Schedule of interest rate collars
The following table presents summarized information about the Company's interest rate collars:
Interest Rate Collars
December 31, 2019
 
 
Interest Rate Parameters
(millions)
Maturity Date
Notional Amount
LIBOR Ceiling
LIBOR Floor
Collar 1
April 2022
$
74.1

2.5
%
1.2
%
Collar 2
April 2022
74.1

2.5
%
1.3
%
Collar 3
April 2022
74.1

2.5
%
1.4
%
Total
 
$
222.3