Long-Term Debt and Finance Leases (Tables)

6 Months Ended

Jun. 30, 2024

Long-Term Debt and Finance Leases

Summary of long-term debt and finance lease obligations

							December 31,
	June 30, 2024						2023
	Available
	borrowing		Effective		Outstanding		Outstanding
	capacity		interest rate(1)		balance		balance
	(in millions)
Long-term debt:
Term B Loans, net(2)	$	—	8.33	%	$	708.0	$	711.3
Revolving Credit Facility(3)		0.4	8.08	%		245.0		201.0
Total long-term debt	$	0.4				953.0		912.3
Other Financing						1.2		1.4
Finance lease obligations						23.6		24.6
Total long-term debt, finance lease obligations and other						977.8		938.3
Debt issuance costs, net(4)						(3.3)		(3.8)
Sub-total						974.5		934.5
Less current portion						(17.9)		(18.8)
Long-term portion					$	956.6	$	915.7

(1) Represents the effective interest rate in effect for all borrowings outstanding as of June 30, 2024 pursuant to each debt instrument including the applicable margin.

(2) At June 30, 2024 and December 31, 2023 includes $3.7 million and $4.1 million of net unamortized discounts, respectively.

(3) Available borrowing capacity at June 30, 2024 represents $250.0 million of total availability less borrowings of $245.0 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 June 30, 2024 and December 31, 2023 debt issuance costs include $2.6 million and $3.0 million related to Term B Loans and $0.7 million and $0.8 million related to the Revolving Credit Facility, respectively.