Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Summary of Long-Term Debt

	September 30, 2022		December 31, 2021
	(In millions)
Term Loan, bearing interest at variable rates (rate of 4.88% as of September 30, 2022), maturing in September 2025	$	265.7	$	282.2
Unamortized deferred financing costs	(0.8)		(0.8)
Total senior debt	264.9		281.4
Convertible senior notes (see discussion below)	—		145.9
Unamortized discount and deferred financing costs	—		(9.4)
Total convertible senior notes	—		136.5
Finance leases	41.9		43.4
Total other debt	41.9		43.4
Total debt, net of unamortized discount and deferred financing costs	306.8		461.3
Less: Amounts due within one year	(14.7)		(166.7)
Total long-term debt, net of unamortized discount and deferred financing costs	$	292.1	$	294.6

The following table summarizes information regarding the 2¼% Notes as of December 31, 2021:

Remaining amortization period (years)	2.0
Effective interest rate	5.8		%
Conversion rate (shares of common stock per $1,000 principal amount)	38.4615
Conversion price (per share of common stock)	$	26.00

The following table presents the interest expense components for the 2¼% Notes:

	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
	(In millions)
Interest expense-contractual interest	$	0.7	$	0.8	$	2.3	$	2.4
Interest expense-amortization of debt discount (see discussion above)	—		1.0		—		3.2
Interest expense-amortization of deferred financing costs	0.1		0.1		0.3		0.3