FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2017

The carrying value and fair value of the Company’s financial instruments as of September 30, 2017 and December 31, 2016 were as follows:


					Quoted Prices in		Significant		Significant
	Total				Active Markets		Observable		Unobservable
	Carrying Value		Total		(Level 1)		Inputs (Level 2)		Inputs (Level 3)
(In millions)	September 30, 2017		Fair Value Measurements at September 30, 2017
Cash and cash equivalents	$	24.7	$	24.7	$	24.7	$	—	$	—
Variable rate debt		175.0		175.0		—		175.0		—
Fixed rate debt		664.3		664.1		—		664.1		—


(In millions)	December 31, 2016		Fair Value Measurements at December 31, 2016
Cash and cash equivalents	$	13.9	$	13.9	$	13.9	$	—	$	—
CCF - cash on deposit		31.2		31.2		—		31.2		—
Variable rate debt		55.0		55.0		—		55.0		—
Fixed rate debt		683.9		685.2		—		685.2		—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details