Long-Term Debt and Finance Leases (Tables)

12 Months Ended

Dec. 31, 2022

Long-Term Debt and Finance Leases

Summary of long-term debt and finance lease obligations

							December 31,
	December 31, 2022						2021
	Available
	borrowing		Effective		Outstanding		Outstanding
	capacity		interest rate(1)		balance		balance
	(in millions)
Long-term debt:
Term B Loans, net(2)	$	—	7.58	%	$	717.7	$	724.2
Revolving Credit Facility(3)		236.4	7.07	%		9.0		—
Total long-term debt	$	236.4				726.7		724.2
Other Financing						—		0.4
Finance lease obligations						20.6		22.3
Total long-term debt, finance lease obligations and other						747.3		746.9
Debt issuance costs, net(4)						(4.6)		(5.5)
Sub-total						742.7		741.4
Less current portion						(17.7)		(17.9)
Long-term portion					$	725.0	$	723.5

(1) Represents the effective interest rate in effect for all borrowings outstanding as of the year ended December 31, 2022 pursuant to each debt instrument including the applicable margin.

(2) At December 31, 2022 and 2021 includes $5.0 million and $5.8 million of net unamortized discounts, respectively.

(3)  Available borrowing capacity at December 31, 2022 represents $250.0 million of total availability less borrowing of $9.0 million on the Revolving Credit Facility and outstanding letters of credit of $4.6 million. Letters of credit are used in the ordinary course of business and are released when the respective contractual obligations have been fulfilled by the Company.

(4)  At December 31, 2022 and 2021 debt issuance costs include $3.5 million and $4.1 million related to Term B Loans and $1.1 million and $1.4 million related to the Revolving Credit Facility, respectively.

Schedule of amortization of debt issuance costs and debt discount,

Amortization of debt issuance costs and debt discount, all of which are included in interest expense in the accompanying consolidated statements of operations, for the years ended December 31, 2022, 2021 and 2020 are as follows:

	December 31,
	2022		2021		2020
	(in millions)
Amortization of deferred issuance costs	$	0.9	$	2.4	$	2.4
Amortization of debt discount		0.8		2.3		2.3

Schedule of principal maturities of our long-term debt, inclusive of debt discount

Principal maturities of our long-term debt, excluding finance lease obligations, as of December 31, 2022 are as follows:

	Long-term Debt
	(in millions)
2023	$	16.3
2024		7.3
2025		7.3
2026		7.3
2027		7.3
Thereafter		686.2
	$	731.7