LONG-TERM OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consists of the following for the periods indicated (amounts in millions):

	As of December 31,
	2021		2020
$450.0 million Term Loan; interest rate at Base Rate plus Applicable Rate or Eurodollar Rate plus Applicable Rate (1.6% at December 31, 2021); due July 30, 2026	$	447.2	$	164.1
$550.0 million Revolving Credit Facility; interest only payments; interest rate at Base Rate plus Applicable Rate or Eurodollar Rate plus Applicable Rate; due July 30, 2026	—		51.0
Promissory notes	0.8		—
Finance leases	1.6		2.6
Principal amount of long-term obligations	449.6		217.7
Deferred debt issuance costs	(4.5)		(2.7)
	445.1		215.0
Current portion of long-term obligations	(13.0)		(10.5)
Total	$	432.1	$	204.5

Schedule of Maturities of Long-Term Debt

Maturities of debt as of December 31, 2021 are as follows (amounts in millions):

	Long-term obligations
2022	$	13.0
2023	14.6
2024	22.6
2025	22.5
2026	376.9
	$	449.6

Schedule of Commitment Fee Under Credit Facilities

The “Applicable Rate” is based on the consolidated leverage ratio and is presented in the table below. As of December 31, 2021, the Applicable Rate is 0.50% per annum for Base Rate Loans and 1.50% per annum for Eurodollar Rate Loans. We are also subject to a commitment fee and letter of credit fee under the terms of the Second Amended Credit Agreement, as presented in the table below.

Pricing Tier	Consolidated Leverage Ratio	Base Rate Loans		Eurodollar Rate Loans and Daily Floating LIBOR Rate Loans		Commitment Fee		Letter of Credit Fee
I	> 3.00 to 1.0	1.00	%	2.00	%	0.30	%	1.75	%
II	< 3.00 to 1.0 but > 2.00 to 1.0	0.75	%	1.75	%	0.25	%	1.50	%
III	< 2.00 to 1.0 but > 0.75 to 1.0	0.50	%	1.50	%	0.20	%	1.25	%
IV	< 0.75 to 1.0	0.25	%	1.25	%	0.15	%	1.00	%