FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2019

The carrying value and fair value of the Company’s financial instruments as of March 31, 2019 and December 31, 2018 are 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)	March 31, 2019		Fair Value Measurements at March 31, 2019
Cash and cash equivalents	$	15.4	$	15.4	$	15.4	$	—	$	—
Restricted cash		8.9		8.9		8.9		—		—
Variable rate debt		255.0		255.0		—		255.0		—
Fixed rate debt		613.1		594.1		—		594.1		—


(In millions)	December 31, 2018		Fair Value Measurements at December 31, 2018
Cash and cash equivalents	$	19.6	$	19.6	$	19.6	$	—	$	—
Restricted cash		4.9		4.9		4.9		—		—
Variable rate debt		235.0		235.0		—		235.0		—
Fixed rate debt		621.4		584.5		—		584.5		—

- 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.

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