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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Interest Rate Swaps

 

 

Trade Date

 

Notional

Amount

 

 

Coverage Period

 

Risk Coverage

November 13, 2016

 

$

200.0

 

 

November 2016 to March 2021

 

USD-LIBOR

April 1, 2016

 

$

100.0

 

 

April 2016 to March 2023

 

USD-LIBOR

November 28, 2018

 

$

200.0

 

 

November 2018 to November 2023

 

USD-LIBOR

November 28, 2018

 

$

100.0

 

 

March 2021 to March 2025

 

USD-LIBOR

Summary of Fair Value of Derivative Instruments on Consolidated Balance Sheet

 

 

 

Derivative Assets

 

 

Derivative Liabilities

 

 

 

 

 

Fair Value

 

 

 

 

Fair Value

 

 

 

Balance Sheet

Location

 

December 31,

2018

 

 

December 31,

2017

 

 

Balance Sheet

Location

 

December 31,

2018

 

 

December 31,

2017

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

 

Natural gas

   commodity contracts

 

Other current

assets

 

$

-

 

 

$

-

 

 

Accounts payable and

accrued expenses

 

$

-

 

 

$

0.5

 

Foreign exchange

   contracts

 

Other current

assets

 

 

-

 

 

 

-

 

 

Accounts payable and

accrued expenses

 

 

-

 

 

 

0.7

 

Interest rate swap

   contracts

 

Other current

assets

 

 

-

 

 

 

0.2

 

 

Accounts payable and

accrued expenses

 

 

-

 

 

 

-

 

Natural gas

   commodity contracts

 

Other non-current

assets

 

 

-

 

 

 

-

 

 

Other long-term

liabilities

 

 

-

 

 

 

0.1

 

Foreign exchange

   contracts

 

Other non-current

assets

 

 

-

 

 

 

-

 

 

Other long-term

liabilities

 

 

-

 

 

 

0.1

 

Interest rate swap

   contracts

 

Other non-current

assets

 

 

9.6

 

 

 

8.7

 

 

Other long-term

liabilities

 

 

6.1

 

 

 

-

 

Total derivatives designated as hedging instruments

 

$

9.6

 

 

$

8.9

 

 

 

 

$

6.1

 

 

$

1.4

 

Summary of Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income

 

 

Amount of (Loss) Gain Recognized in

Accumulated Other Comprehensive

Income (“AOCI”) (Effective Portion)

 

 

Location of Gain (Loss)

Reclassified

from AOCI into

Income (Effective

Portion)

 

Gain (Loss) Reclassified from

AOCI into Income (Effective

Portion)

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

 

2018

 

 

2017

 

 

2016

 

Derivatives in Cash Flow Hedging Relationships

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas commodity contracts

 

$

0.7

 

 

$

(1.3

)

 

$

0.6

 

 

Cost of goods sold

 

$

0.1

 

 

$

0.3

 

 

$

(1.2

)

Foreign exchange contracts –

     purchases

 

 

0.1

 

 

 

(0.5

)

 

 

-

 

 

Cost of goods sold

 

 

-

 

 

 

-

 

 

 

-

 

Foreign exchange contracts –

     sales

 

 

0.7

 

 

 

(1.8

)

 

 

(2.9

)

 

Net sales

 

 

-

 

 

 

0.1

 

 

 

1.4

 

Interest rate swap contracts

 

 

(2.0

)

 

 

2.2

 

 

 

6.8

 

 

Interest expense

 

 

(1.6

)

 

 

(0.9

)

 

 

(8.3

)

Total

 

$

(0.5

)

 

$

(1.4

)

 

$

4.5

 

 

Total gain (loss) from continuing

     operations

 

 

(1.5

)

 

 

(0.5

)

 

 

(8.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total (loss) gain from discontinued

     operations

 

 

-

 

 

 

(0.1

)

 

 

0.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total gain (loss)

 

$

(1.5

)

 

$

(0.6

)

 

$

(7.9

)