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Debt (Tables)
3 Months Ended
Mar. 31, 2013
Long-Term Borrowings
(in millions)    March 31,
2013
    December 31,
2012
 

Senior Secured Credit Facility:

    

Revolving credit facility

   $ 84.0      $ —     

Term loan

     75.0        —     

February 2012 Financing:

    

ABL facility

     —          6.7   

Term loan

     —          149.1   

Capital lease obligations

     1.6        1.7   
  

 

 

   

 

 

 

Total long-term borrowings and capital lease obligations, including current portion

     160.6        157.5   

Less: Current maturities

     (5.6     (4.2

Less: Current capital lease obligations

     (0.5     (0.5
  

 

 

   

 

 

 

Total long-term borrowings and capital lease obligations, net

   $ 154.5      $ 152.8   
  

 

 

   

 

 

 
Summary of Carrying Amount and Fair Value of Financial Instruments

The following table summarizes the carrying amounts and fair values of the Company’s financial instruments:

 

     March 31, 2013      December 31, 2012  
     Notional
Amount
     Fair
Value
     Notional
Amount
     Fair
Value
 

Short-term debt

   $ —         $ —         $ 0.3       $ 0.3   

Long-term debt (1)

     160.6         160.6         157.5         208.2   

 

(1) Long-term debt includes current portions of long-term debt and current portions of capital lease obligations of $6.1 million and $4.7 million as of March 31, 2013 and December 31, 2012, respectively.