2014 Financing Transactions (Tables)
 0 Months Ended 12 Months Ended
Feb. 13, 2014
Dec. 31, 2013
Debt Disclosure [Abstract]    
Schedule of Price Grid Based on Average Quarterly Excess Availability Under Revolver [Table Text Block]
Thereafter, the interest rates will be subject to the following price grid based on the average quarterly excess availability under the revolver:
 
Average Quarterly
Base Rate
LIBOR
Level
Excess Capacity
Plus
Plus
I
> $140,000,000
1.00%
2.00%
II
>  $70,000,000
1.25%
2.25%
< $140,000,000
III
< $70,000,000
1.50%
2.50%
  
Non cash activity related to restructuring [Table Text Block]
The table below summarizes the non-cash activity for the 2014 Financing Transactions:

Non-Cash Sources (in millions)
 
 
Non-Cash Uses (in millions)
 
Secured Second A&R CDA
$
51.0

 
A&R CDA
$
124.0

Unsecured Second A&R CDA
73.0

 
Exchange/conversion of Series B Notes to common stock
50.6

Exchange/conversion of Series B Notes to common stock
50.6

 
 
 
Total sources
$
174.6

 
Total uses
$
174.6

  
Cash Flow Activity Related To Restructuring [Table Text Block]  
The table below summarizes the cash flow activity for the 2014 Financing Transactions:

Cash Sources (in millions)
 
 
Cash Uses (in millions)
 
New Term Loan
$
700.0

 
Extinguish Prior ABL Facility (includes accrued interest)
$
326.0

Proceeds from sale of common stock
215.0

 
Extinguish Prior Term Loan (includes accrued interest)
299.7

Proceeds from sale of preferred stock
35.0

 
Retire 6% Notes
71.5

Cash proceeds from restricted amounts held in escrow - existing ABL facility
90.0

 
Repurchase Series A Notes (upon transaction closing and includes accrued interest)
93.9

New ABL Facility
—

 
Redeem Series A Notes (on August 5, 2014 and includes accrued interest)
89.6

 
 
 
Fees, Expenses and Original Issuance Discount
49.0

 
 
 
Restricted Cash to Balance Sheet (a)
90.0

 
 
 
Cash to Balance Sheet
20.3

Total sources
$
1,040.0

 
Total uses
$
1,040.0


(a)
Under the terms of the New ABL facility, a portion of the Cash to Balance sheet will be classified as "restricted cash" in the consolidated balance sheet.
The table below summarizes the cash flow activity as it related to the restructuring as of July 22, 2011:

Sources of Funds (in millions)
 
 
Uses of Funds (in millions)
 
Issuance of Series B Notes
$
100.0

 
Retirement of ABS facility borrowings
$
164.2

Borrowings on the Prior ABL Facility
255.0

 
Restricted amounts held in escrow - Standby Letter of Credit Agreement
64.7

Additional borrowings under the revolving credit facility
18.5

 
Fees, expenses and original issue discount of restructuring
57.0

Company cash
2.4

 
Restricted amounts held in escrow - Prior ABL Facility
90.0

Total sources of funds
$
375.9

 
Total uses of funds
$
375.9