Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 13, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'ck0001585790 | ' |
Entity Registrant Name | 'ADS Waste Holdings, Inc. | ' |
Entity Central Index Key | '0001585790 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 1,000 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Millions, unless otherwise specified | ||||
Current assets | ' | ' | ||
Cash and cash equivalents | $30.20 | $12 | ||
Accounts receivable, net of allowance for doubtful accounts of $5.0 and $8.4, respectively | 195.3 | 193.1 | ||
Prepaid expenses and other current assets | 27.9 | 35.2 | ||
Deferred income taxes | 6.8 | 7.2 | ||
Assets of business held for sale | 0 | 3.1 | ||
Total current assets | 260.2 | 250.6 | ||
Restricted cash | 2.3 | 2.4 | ||
Other assets, net | 108.1 | 121.2 | ||
Property and equipment, net | 1,650.10 | 1,667.40 | ||
Goodwill | 1,167.70 | 1,166.40 | ||
Other intangible assets, net | 392.1 | 418.8 | ||
Total assets | 3,580.50 | 3,626.80 | ||
Current liabilities | ' | ' | ||
Accounts payable | 74 | 83.5 | ||
Accrued expenses | 128.7 | 117.8 | ||
Deferred revenue | 58.6 | 60.3 | ||
Current maturities of landfill retirement obligations | 34.8 | 28.7 | ||
Current maturities of long-term debt | 22.1 | 29.1 | ||
Liabilities of business held for sale | 0 | 1.7 | ||
Total current liabilities | 318.2 | 321.1 | ||
Other long-term liabilities, less current maturities | 57.4 | 48.2 | ||
Long-term debt, less current maturities | 2,300.60 | 2,302.80 | ||
Accrued landfill retirement obligations, less current maturities | 166 | 155.6 | ||
Deferred income taxes | 230.9 | 247.6 | ||
Total liabilities | 3,073.10 | 3,075.30 | ||
Commitments and contingencies | ' | ' | ||
Equity | ' | ' | ||
Common stock: $.01 par value, 1,000 shares authorized, issued and outstanding | 0 | 0 | ||
Additional paid-in capital | 1,109.50 | 1,109.50 | ||
Accumulated other comprehensive (loss) income | -0.2 | [1] | 2.5 | [1] |
Accumulated deficit | -601.9 | -560.5 | ||
Total stockholders’ equity | 507.4 | 551.5 | ||
Total liabilities and stockholders’ equity | $3,580.50 | $3,626.80 | ||
[1] | Amounts in parentheses represent debits to accumulated other comprehensive income. |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Allowance for doubtful accounts receivable | $5 | $8.40 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 1,000 | 1,000 |
Common stock, shares issued | 1,000 | 1,000 |
Common stock, shares outstanding | 1,000 | 1,000 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Income Statement [Abstract] | ' | ' | ' | ' |
Service revenues | $368.10 | $344.70 | $1,049.20 | $985.50 |
Operating costs and expenses | ' | ' | ' | ' |
Operating | 231.7 | 215.4 | 673 | 620.5 |
Selling, general and administrative | 35.6 | 44.5 | 115.6 | 128.8 |
Depreciation and amortization | 73.8 | 73 | 206.7 | 209.8 |
Acquisition and development costs | 0 | 0.8 | 0.1 | 1 |
Loss on disposal of assets | 0.3 | 1 | 1.1 | 0.8 |
Restructuring charges | 1.6 | 2.2 | 3.6 | 4.1 |
Total operating costs and expenses | 343 | 336.9 | 1,000.10 | 965 |
Operating income | 25.1 | 7.8 | 49.1 | 20.5 |
Other income (expense) | ' | ' | ' | ' |
Interest expense | -35.4 | -38.4 | -105.7 | -121.7 |
Other, net | 1.7 | 0.8 | 2.9 | 2.1 |
Total other expense | -33.7 | -37.6 | -102.8 | -119.6 |
Loss from continuing operations before income taxes | -8.6 | -29.8 | -53.7 | -99.1 |
Income tax benefit | -1.3 | -9.2 | -12 | -34.4 |
Loss from continuing operations | -7.3 | -20.6 | -41.7 | -64.7 |
Discontinued operations | ' | ' | ' | ' |
Loss from discontinued operations | 0 | -14.7 | -0.7 | -21.5 |
Income tax benefit | -0.8 | -2.9 | -1 | -4.3 |
Discontinued operations, net | 0.8 | -11.8 | 0.3 | -17.2 |
Net loss | ($6.50) | ($32.40) | ($41.40) | ($81.90) |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Loss (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net loss | ($6.50) | ($32.40) | ($41.40) | ($81.90) |
Other comprehensive (loss) income, net of tax | -2 | -0.4 | -2.7 | 3 |
Comprehensive loss | ($8.50) | ($32.80) | ($44.10) | ($78.90) |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statement of Stockholders' Equity (USD $) | Total | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Other Comprehensive Loss [Member] | Accumulated Deficit [Member] | |
In Millions, except Share data, unless otherwise specified | USD ($) | USD ($) | USD ($) | USD ($) | ||
Balance, Amount at Dec. 31, 2013 | $551.50 | ' | $1,109.50 | $2.50 | ($560.50) | |
Balance, Shares at Dec. 31, 2013 | ' | 1,000 | ' | ' | ' | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | |
Net loss | -41.4 | ' | ' | ' | -41.4 | |
Unrealized loss resulting from change in fair value of derivative instruments, net of tax | -2.7 | [1] | ' | ' | -2.7 | ' |
Stock-based compensation expense | 1.8 | ' | 1.8 | ' | ' | |
Capital contribution | 0.1 | ' | 0.1 | ' | ' | |
Return of capital to parent company | -1.9 | ' | -1.9 | ' | ' | |
Balance, Amount at Sep. 30, 2014 | $507.40 | ' | $1,109.50 | ($0.20) | ($601.90) | |
Balance, Shares at Sep. 30, 2014 | ' | 1,000 | ' | ' | ' | |
[1] | Amounts in parentheses represent debits to accumulated other comprehensive income. |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash flows from operating activities | ' | ' |
Net loss | ($41.40) | ($81.90) |
Adjustments to reconcile net loss to net cash provided by operating activities | ' | ' |
Depreciation and amortization | 207 | 213.5 |
Amortization of terminated derivative contracts | 0 | 4.5 |
Amortization of interest rate cap premium | 1.9 | 0 |
Amortization of debt issuance costs | 10.3 | 8.8 |
Accretion of original issue discount | 3.7 | 3.7 |
Accretion on landfill retirement obligations | 9.3 | 12.4 |
Accretion on capital leases and long-term debt | 1 | 0 |
Accretion on loss contracts and other long-term liabilities | 0.7 | 0.4 |
Provision for doubtful accounts | 2.9 | 3.9 |
Loss on disposition of assets | 0.5 | 0.8 |
Impairment of businesses sold/held for sale | 0 | 18.5 |
Gain on disposition of businesses | -0.6 | 0 |
Stock option vesting | 1.8 | 3 |
Deferred tax provision | -14.8 | -41.2 |
Earnings in equity investee | 0.1 | -0.4 |
Changes in operating assets and liabilities, net of businesses acquired | ' | ' |
Increase in accounts receivable | -4.2 | -7 |
Decrease in prepaid expenses and other current assets | 7.4 | 3.7 |
Decrease in other assets | 1.8 | 4.4 |
(Decrease) increase in accounts payable | -0.2 | 15.1 |
Increase in accrued expenses | 9.4 | 5.9 |
(Decrease) increase in unearned revenue | -3.1 | 0.1 |
Increase in other long-term liabilities | 8 | 1.8 |
Capping, closure and post-closure expenditures | -6.7 | -4.6 |
Net cash provided by operating activities | 194.8 | 165.4 |
Cash flows from investing activities | ' | ' |
Purchases of property and equipment and construction and development | -144 | -112.2 |
Proceeds from sale of property and equipment | 1.9 | 0.4 |
Repayments of notes receivable | 0 | 0.1 |
Acquisition of businesses, net of cash acquired | -8.7 | -45.9 |
Proceeds from sale of businesses | 2.1 | 32.7 |
Net cash used in investing activities | -148.7 | -124.9 |
Cash flows from financing activities | ' | ' |
Proceeds from borrowings on long-term debt | 75 | 141 |
Repayment on long-term debt | -100 | -157.3 |
Deferred financing charges | -1.2 | -22.5 |
Bank overdraft | 0 | -3.3 |
Other financing activities | 0.1 | 0 |
Capital contribution from parent | 0.1 | 0 |
Return of capital to parent | -1.9 | 0 |
Net cash used in financing activities | -27.9 | -42.1 |
Net increase (decrease) in cash and cash equivalents | 18.2 | -1.6 |
Cash and cash equivalents, beginning of period | 12 | 18.8 |
Cash and cash equivalents, end of period | $30.20 | $17.20 |
Business_Operations
Business Operations | 9 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Business Operations | ' |
Business Operations | |
ADS Waste Holdings, Inc. (the “Company”, “ADS Waste” or “ADS”) together with its consolidated subsidiaries is a regional environmental services company providing nonhazardous solid waste collection, transfer, recycling and disposal services to customers in the Southeast, Midwest and Eastern regions of the United States, as well as in the Commonwealth of the Bahamas. | |
The Company currently manages and evaluates its principal operations through three reportable operating segments on a regional basis. Those operating segments are the South, East and Midwest regions which provide collection, transfer, disposal, recycling services and billing services. Additional information related to segments can be found in Note 9. | |
The Company is a Delaware corporation that was formed to be the parent company for purposes of reorganizing several holding companies that is ultimately controlled by Star Atlantic Waste Holdings II, L.P. On September 19, 2012, in a series of transactions (the “Reorganization”), Star Atlantic Waste Holdings II, L.P., which is indirectly majority owned by funds sponsored and managed by Highstar Capital, L.P., contributed to Advanced Disposal Waste Holdings Corp. (parent company of ADS Waste Holdings, Inc.) (i) all of the stock of HWStar Holdings Corp., the parent company of Highstar Waste Holding Corp. and Subsidiaries, doing business as Interstate Waste Services (“IWS”) and (ii) its rights under a Share Purchase Agreement, dated as of July 18, 2012, to purchase all of the stock of Veolia ES Solid Waste, Inc. from Veolia Environnment. Advanced Disposal Waste Holdings Corp. contributed to ADS Waste all of the stock of ADStar Waste Holdings Corp. and of HWStar Holdings Corp., as well as the rights under the aforementioned Share Purchase Agreement to purchase the stock of Veolia ES Solid Waste, Inc. The Company is wholly owned by ADS Waste Holdings Corp. (the “Parent”). | |
On November 20, 2012, ADS Waste purchased Veolia ES Solid Waste, Inc. from Veolia Environnment S.A. for $1,900 and changed the name to MWStar Holdings Corp (“Veolia ES Solid Waste division”). The consolidated company does business as ADS Waste Holdings, Inc. |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
The Company’s condensed consolidated financial statements include its wholly-owned subsidiaries of Advanced Disposal Services South, Inc., Advanced Disposal Services East, Inc. and MW Star Waste Holdings, Corp. and their respective subsidiaries. | |
Intercompany accounts and transactions have been eliminated in consolidation. | |
The condensed consolidated financial statements as of September 30, 2014 and for the three and nine months ended September 30, 2014 and 2013 are unaudited. In the opinion of management, these financial statements include all adjustments, which, unless otherwise disclosed, are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations, comprehensive income, cash flows, and changes in equity for the periods presented. The results for interim periods are not necessarily indicative of results for the entire year. The financial statements presented herein should be read in conjunction with the financial statements included in the Company’s annual financial statements for the year ended December 31, 2013. | |
In preparing its financial statements, the Company makes numerous estimates and assumptions that affect the accounting for and recognition and disclosure of assets, liabilities, equity, revenues and expenses. The Company must make these estimates and assumptions because certain information that it uses is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated. In some cases, these estimates are particularly difficult to determine and the Company must exercise significant judgment. In preparing its financial statements, the most difficult, subjective and complex estimates and the assumptions that present the greatest amount of uncertainty relate to the Company’s accounting for landfills, environmental remediation liabilities, asset impairments, deferred income taxes and reserves associated with its insured and self-insured claims. Actual results could differ materially from the estimates and assumptions that the Company uses in the preparation of its financial statements. | |
In May 2014, the Financial Accounting Standards Board ("FASB") issued authoritative guidance regarding revenue recognition from contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. The guidance is effective for the interim and annual periods beginning or or after December 15, 2016. The guidance permits the use of either a retrospective or cumulative effect transition method. The Company has not yet selected a transition method and is currently evaluating the impact of the amended guidance on its consolidated financial position, results of operations and related disclosure. Furthermore, the FASB issued guidance governing classification of discontinued operations. Upon adoption in 2015, certain future business dispositions may no longer meet the criteria for classification as discontinued operations. |
Landfill_Liabilities
Landfill Liabilities | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Asset Retirement Obligation Disclosure [Abstract] | ' | ||||
Landfill Liabilities | ' | ||||
Landfill Liabilities | |||||
Liabilities for final closure and post-closure costs for the year ended December 31, 2013 and for the nine months ended September 30, 2014 are shown in the table below: | |||||
Balance at December 31, 2012 | $ | 191.5 | |||
Increase in retirement obligation | 10.8 | ||||
Accretion of closure and post-closure costs | 15 | ||||
Disposition | (6.5 | ) | |||
Change in estimate | (14.5 | ) | |||
Costs incurred | (12.0 | ) | |||
Balance at December 31, 2013 | 184.3 | ||||
Increase in retirement obligation | 13.9 | ||||
Accretion of closure and post-closure costs | 9.3 | ||||
Costs incurred | (6.7 | ) | |||
Balance at September 30, 2014 | 200.8 | ||||
Less: Current portion | (34.8 | ) | |||
$ | 166 | ||||
At two landfills, the Company provides financial assurance by depositing cash into restricted funds or escrow accounts for purposes of settling final capping, closure, post-closure and environmental remediation obligations. | |||||
The fair value of funds and escrow accounts for which the Company is the sole beneficiary was $2.3 at September 30, 2014. |
Discontinued_Operations
Discontinued Operations | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||||||
Discontinued Operations | ' | |||||||||||||||
Discontinued Operations | ||||||||||||||||
The Company completed the sale of certain assets and liabilities in Oxford, MA in December 2013 and the results of operations have been included in discontinued operations in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2013. | ||||||||||||||||
The Company entered into a letter of intent in December 2013, to sell certain assets in Panama City, FL for approximately $2.0 and completed the sale in January 2014. The assets are classified as held for sale in the accompanying condensed consolidated balance sheets as of December 31, 2013 and the results of those operations have been included in discontinued operations in the accompanying condensed consolidated statements of operations for all periods presented. | ||||||||||||||||
In connection with the acquisition of Veolia ES Solid Waste division, the Company was required by the United States Department of Justice to divest certain businesses in Georgia and New Jersey. The Company completed the divestitures in 2013 and the results of those operations have been included in discontinued operations in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2013. | ||||||||||||||||
The Company completed the sale of certain assets and liabilities in New York and New Jersey from the IWS and Veolia ES Solid Waste division businesses for approximately $45.0, of which $25.0 was received in cash on the date of closing, $5.0 was received in December 2013 and the remainder in the form of a mandatorily redeemable preferred security due 2017. The results of those operations have been included in discontinued operations in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2013. The Company also reacquired the outstanding IWS minority interest of $2.5 previously held by the minority shareholder in August 2013. | ||||||||||||||||
The following table summarizes the assets and liabilities of those businesses that are presented as held for sale in the accompanying condensed consolidated balance sheets at September 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||
September 30, | December 31, | |||||||||||||||
2014 | 2013 | |||||||||||||||
ASSETS | ||||||||||||||||
Accounts receivable, net | $ | — | $ | 0.7 | ||||||||||||
Prepaid expenses and other current assets | — | 0.3 | ||||||||||||||
Property and equipment, net | — | 2.1 | ||||||||||||||
Total assets | $ | — | $ | 3.1 | ||||||||||||
LIABILITIES | ||||||||||||||||
Accounts payable | $ | — | $ | 1 | ||||||||||||
Accrued expenses | — | 0.4 | ||||||||||||||
Deferred revenue | — | 0.3 | ||||||||||||||
Total liabilities | $ | — | $ | 1.7 | ||||||||||||
The following table summarizes the revenues and expenses of those businesses that are presented as discontinued operations prior to impairment charges in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2014 and 2013: | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Service revenues | $ | — | $ | 25.2 | $ | 0.4 | $ | 98.7 | ||||||||
Operating costs and expenses | ||||||||||||||||
Operating | — | 25.7 | 0.9 | 92.4 | ||||||||||||
Selling, general and administrative | — | 1.8 | 0.3 | 5.4 | ||||||||||||
Depreciation and amortization | — | 1.5 | 0.3 | 3.7 | ||||||||||||
Loss (gain) on disposal of assets | — | 10.9 | (0.4 | ) | 18.5 | |||||||||||
Total operating costs and expenses | — | 39.9 | 1.1 | 120 | ||||||||||||
Other expense | ||||||||||||||||
Interest expense | — | — | — | (0.2 | ) | |||||||||||
Total other expense | — | — | — | (0.2 | ) | |||||||||||
Loss from discontinued operations before income tax | — | (14.7 | ) | (0.7 | ) | (21.5 | ) | |||||||||
Tax benefit | (0.8 | ) | (2.9 | ) | (1.0 | ) | (4.3 | ) | ||||||||
Loss from discontinued operations, net of taxes | $ | 0.8 | $ | (11.8 | ) | $ | 0.3 | $ | (17.2 | ) | ||||||
Debt
Debt | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt | ' | ||||||||
Debt | |||||||||
The following table summarizes the major components of debt at each balance sheet date and provides the maturities and interest rate ranges of each major category of debt: | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Revolving line of credit with lenders, interest at base rate plus margin, as defined (4.15% and 4.17% at September 30, 2014 and December 31, 2013, respectively) due quarterly; balance due at maturity in October 2017 | $ | — | $ | 8 | |||||
Note payable; discounted at 7.3%, annual payments varied; balance due 2029 | 3.7 | 3.5 | |||||||
Note payable; discounted at 8.5%, annual payments of $0.2; balance due February 2018; collateralized by real property | 0.5 | 0.6 | |||||||
Term loans; quarterly payments of $4.5 commencing March 31, 2013 through June 30, 2019 with final payment due October 9, 2019; interest at LIBOR floor of 0.75% and 1.25% at September 30, 2014 and December 31, 2013, respectively, plus an applicable margin of 300 basis points at September 30, 2014 and December 31, 2013 | 1,768.50 | 1,782.00 | |||||||
Senior notes payable; interest at 8.25% payable in arrears semi-annually commencing April 1, 2013; maturing on October 1, 2020 | 550 | 550 | |||||||
Capital lease obligations, maturing through 2024 | 24.4 | 15.4 | |||||||
Other debt | 0.5 | 1.1 | |||||||
2,347.60 | 2,360.60 | ||||||||
Less: Original issue discount | (24.9 | ) | (28.7 | ) | |||||
Less: Current portion | (22.1 | ) | (29.1 | ) | |||||
$ | 2,300.60 | $ | 2,302.80 | ||||||
All borrowings under the Term B loan and the Revolver are guaranteed by each of the Company’s current and future U.S. subsidiaries (which also guarantee the 8.25% bonds), subject to certain agreed-upon exemptions. The Company has one non-guarantor foreign subsidiary that is minor, as its assets, revenue, income from continuing operations and cash flows from operating activities are less than 3% of the Company’s consolidated amounts. All guarantors are jointly and severally and fully and unconditionally liable. The parent company has no independent assets or operations and each subsidiary guarantor is 100% owned by the Company. There are no significant restrictions on the Company or any guarantor to obtain funds from its subsidiaries by dividend or loan. | |||||||||
Revolving Credit and Letter of Credit Facilities | |||||||||
As of September 30, 2014, the Company had an aggregate committed capacity of $300.0, of which $100.0 was available for letters of credit under various credit facilities. The Company’s revolving credit facility is its primary source of letter of credit capacity and expires in October, 2017. As of September 30, 2014, the Company had an aggregate of approximately $67.5 of letters of credit outstanding under various credit facilities. | |||||||||
Debt Borrowings and Repayments | |||||||||
The Company repaid $83.0 under its revolving credit facilities, $13.5 on its Term B loan and $3.5 on various other obligations in cash during the nine months ended September 30, 2014. The Company had $75.0 of borrowings in cash during the nine months ended September 30, 2014. | |||||||||
In February 2014, the Company refinanced its Term B loan in an amount equal to the outstanding principal at December 31, 2013 bearing interest at a LIBOR floor of 0.75% plus 300 basis points or the base rate as defined plus 200 basis points. No gain or loss was recorded upon the modification and total costs deferred and amortized over the remaining term of the loan in connection with the transaction were approximately $1.2 for the period ended September 30, 2014. In February 2013, the Company refinanced its Term B loan in an amount equal to the outstanding principal at December 31, 2012 bearing interest at a LIBOR floor of 1.25% plus 300 basis points or the base rate, as defined, plus 200 basis points. No gain or loss was recorded upon the modification and total costs deferred and amortized over the remaining term of the loan in connection with the transaction were approximately $19.5. The covenants remained unchanged from the previous debt and the Company was in compliance with the covenants. |
Derivative_Instruments_and_Hed
Derivative Instruments and Hedging Activities | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||
Derivative Instruments and Hedging Activities | ' | ||||||||||||||||
Derivative Instruments and Hedging Activities | |||||||||||||||||
The following table summarizes the fair values of derivative instruments recorded in the Company’s condensed consolidated balance sheets: | |||||||||||||||||
Derivatives Designated as Hedging Instruments | Balance Sheet Location | 30-Sep-14 | December 31, | ||||||||||||||
2013 | |||||||||||||||||
Fuel commodity derivatives | Other current assets | $ | — | $ | 0.1 | ||||||||||||
Fuel commodity derivatives | Other current liabilities | (3.0 | ) | — | |||||||||||||
Fuel commodity derivatives | Other long term liabilities | (0.6 | ) | — | |||||||||||||
Interest rate caps | Other assets | 3.8 | 6.1 | ||||||||||||||
Total derivative assets | $ | 0.2 | $ | 6.2 | |||||||||||||
We have not offset fair value of assets and liabilities recognized for our derivative instruments. | |||||||||||||||||
Interest Rate Cap | |||||||||||||||||
In December 2012, the Company entered into four interest rate cap agreements to hedge the risk of a rise in interest rates and associated cash flows on the variable rate debt. The Company recorded the premium of $5.0 in other assets in the condensed consolidated balance sheets and amortizes the premium to interest expense based upon decreases in time value of the caps. Amortization expense was approximately $0.3 and $(0.3) for the three month period ending September 30, 2014 and 2013, respectively and $1.9 and $0.0 for the nine months ended September 30, 2014 and 2013, respectively. The original notional amounts of the contracts aggregated are approximately $1,212.0 at December 31, 2013 and expire in tranches through 2016. | |||||||||||||||||
Interest Rate Swaps | |||||||||||||||||
The Company has used interest rate swaps to maintain a portion of its debt obligations at fixed market interest rates. These interest rate derivatives qualify for hedge accounting. In November 2012, the Company terminated these interest rate swaps in connection with its debt refinancing and paid approximately $7.0 upon termination. The amounts were deferred in accumulated other comprehensive income upon termination and are being amortized to interest expense over the remaining term. | |||||||||||||||||
The following table summarizes the impacts of terminated swap agreements on the Company’s results of operations: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Terminated swap agreements | $ | — | $ | 1.5 | $ | — | $ | 4.5 | |||||||||
Commodity Derivatives | |||||||||||||||||
The market prices of diesel fuel and natural gas are unpredictable and can fluctuate significantly. A significant increase in the price of fuel or natural gas could adversely affect the business and reduce the Company’s operating margins. To manage a portion of that risk, the Company entered into commodity swap agreements related to the Company’s collection and transfer assets. The Company has hedges amounting to approximately 18.5 gallons of fuel with strike prices ranging from $2.75 to $2.92 per gallon which expire in various periods through December 31, 2015. Further, the Company entered into put options to reduce the exposure of a decrease in natural gas prices. The Company hedged approximately 0.5 BTUs of natural gas with strike price of $5.10 which expired in December, 2013. | |||||||||||||||||
There was no significant ineffectiveness associated with the Company’s cash flow hedges for the three and nine month periods ended September 30, 2014 and 2013. |
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Income Taxes | |
The Company’s effective income tax benefit rate for continuing operations for the three months ended September 30, 2014 and 2013 was 15.1% and 30.9%, respectively. The Company’s effective income tax benefit rate for continuing operations for the nine months ended September 30, 2014 and 2013 was 22.3% and 34.7%, respectively. We evaluate our effective income tax rate at each interim period and adjust it accordingly as facts and circumstances warrant. The difference between income taxes computed at the federal statutory rate of 34% and reported income taxes from continuing operations for the three months ended September 30, 2014 was primarily due to recording additional valuation allowance against certain deferred tax assets. The difference between income taxes computed at the federal statutory rate of 34% and reported income taxes from continuing operations for the three months ended September 30, 2013 was not significant. The difference between income taxes computed at the federal statutory rate of 34% and reported income taxes from continuing operations for the nine months ended September 30, 2014 was primarily due to a permanent difference from an employee stock option plan and the effect of recording additional valuation allowance against certain deferred tax assets. The difference between income taxes computed at the federal statutory rate of 34% and reported income taxes from continuing operations for the nine months ended September 30, 2013 was not significant. | |
The Company’s income tax benefit from discontinued operations for the three months ended September 30, 2014 was the result of unanticipated tax benefits associated with prior divestitures that were realized upon the filing of the Company's tax return. The Company's effective income tax benefit rate for the three months ended September 30, 2013 was 19.7% due to the impact of recording additional valuation allowance. The Company's effective income tax benefit rate from discontinued operations for the nine months ended September 30, 2014 and 2013 was 142.9% and 20%, respectively. The difference between income taxes computed at the federal statutory rate of 34% and reported income taxes from discontinued operations for the nine months ended September 30, 2014 was due to recording of a benefit related to unanticipated tax benefits associated with prior divestitures. The difference between income taxes computed at the federal statutory rate of 34% and reported income taxes from discontinued operations for the nine months ended September 30, 2013 was primarily due to the impact of the recording of additional valuation allowance. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Commitments and Contingencies | |
Financial Instruments—The Company has obtained letters of credit, performance bonds and insurance policies and has established funds for performance of landfill final capping, closure and post-closure requirements, environmental remediation, and other obligations. Letters of credit generally are supported by the Company’s revolving credit facility and other credit facilities established for that purpose. | |
Management does not expect that any claims against or draws on these instruments would have a material adverse effect on the Company’s consolidated financial statements. The Company has not experienced any unmanageable difficulty in obtaining the required financial assurance instruments for its current operations. In an ongoing effort to mitigate risks of future cost increases and reductions in available capacity, the Company continues to evaluate various options to access cost-effective sources of financial assurance. | |
Insurance—The Company carries insurance coverage for protection of its assets and operations from certain risks including automobile liability, general liability, real and personal property, workers’ compensation, directors’ and officers’ liability, pollution legal liability and other coverages the Company believes are customary to the industry. The Company’s exposure to loss for insurance claims is generally limited to the per incident deductible under the related insurance policy. Its exposure, however, could increase if its insurers are unable to meet their commitments on a timely basis. | |
The Company has retained a significant portion of the risks related to its automobile, general liability, workers’ compensation and health claims programs. For its self-insured retentions, the exposure for unpaid claims and associated expenses, including incurred but not reported losses, is based on an actuarial valuation and internal estimates. The accruals for these liabilities could be revised if future occurrences or loss development significantly differ from the Company’s assumptions used. The Company does not expect the impact of any known casualty, property, environmental or other contingency to have a material impact on its financial condition, results of operations or cash flows. | |
Litigation—In February 2009, the Company and certain of its subsidiaries were named as defendants in a purported class action suit in Circuit Court of Macon County, Alabama. Similar class action complaints were brought against the Company and certain of its subsidiaries in 2011 in Duval County, Florida and in 2013 in Quitman County, Georgia, and Barbour County, Alabama, and in Chester County, Pennsylvania in 2014. The Georgia case was dismissed in March 2014. The plaintiffs in those cases primarily allege that the defendants charged improper fees (fuel, administrative and environmental fees) that were in breach of the plaintiff’s contract with the Company and seek damages in an unspecified amount. The Company believes that it has meritorious defenses against these purported class actions, which it will vigorously pursue. Given the inherent uncertainties of litigation, including the early stage of these cases, the unknown size of any potential class, and legal and factual issues in dispute, the outcome of these cases cannot be predicted and a range of loss if any cannot currently be estimated. | |
The Company is involved in other legal proceedings and regulatory investigations from time to time in the ordinary course of business. Management believes that none of these other legal proceedings or regulatory investigations will have a material adverse effect on our financial condition, results of operations or cash flows. | |
The Company is subject to various other proceedings, lawsuits, disputes and claims arising in the ordinary course of its business. Many of these actions raise complex factual and legal issues and are subject to uncertainties. Actions filed against the Company include commercial, customer, and employment-related claims, including purported class action lawsuits related to its sales and marketing practices and its customer service agreements and purported class actions involving federal and state wage and hour and other laws. The plaintiffs in some actions seek unspecified damages or injunctive relief, or both. These actions are in various procedural stages, and some are covered in part by insurance. The Company currently does not believe that the eventual outcome of any such actions could have a material adverse effect on the Company’s business, financial condition, results of operations, or cash flows. | |
Multiemployer Defined Benefit Pension Plans—Approximately 13.5% of the Company’s workforce is covered by collective bargaining agreements with various union locals across our operating regions. As a result of some of these agreements, certain of the Company’s subsidiaries are participating employers in a number of trustee-managed multiemployer, defined benefit pension plans for the affected employees. In connection with its ongoing renegotiation of various collective bargaining agreements, the Company may discuss and negotiate for the complete or partial withdrawal from one or more of these pension plans. A complete or partial withdrawal from a multiemployer pension plan may also occur if employees covered by a collective bargaining agreement vote to decertify a union from continuing to represent them. The Company is not aware of any such actions in connection with continuing operations. As a result of certain discontinued operations, the Company is potentially exposed to certain withdrawal liabilities. The Company does not believe that any future withdrawals, individually or in the aggregate, from the multiemployer plans to which we contribute could have a material adverse effect on our business, financial condition or liquidity. However, such withdrawals could have a material adverse effect on our results of operations for a particular reporting period, depending on the number of employees withdrawn in any future period and the financial condition of the multiemployer plan(s) at the time of such withdrawal(s). | |
Tax Matters—The consolidated company ADS Waste Holdings, Inc. is currently under audit by the IRS for the 2012 tax year. The company has open tax years that cover the periods from 2012 through 2013. The company was formed through a series of transactions including the contribution of equity of Advanced Disposal Services, Inc. and Subsidiaries (“ADS”) and HWStar Holdings Corp. and Subsidiaries. ADS has an open tax year for the 2011 period. IWS has open tax years that cover the periods from 1998 through 2010, and 2012. | |
On November 20, 2012, the Company acquired Veolia ES Solid Waste, Inc. in a stock acquisition. Prior to the acquisition, the Veolia ES Solid Waste division was part of the Veolia Environmental consolidated group and is still subject to IRS and state examinations dating back to 2004. Pursuant to the terms of the acquisition of Veolia ES Solid Waste, Inc., the Company is entitled to certain indemnifications for Veolia ES Solid Waste’s pre-acquisition tax liabilities. | |
The Company maintains a liability for uncertain tax positions, the balance of which management believes is adequate. Results of audit assessments by taxing authorities are not currently expected to have a material adverse impact on its results of operations or cash flows. |
Segment_and_Related_Informatio
Segment and Related Information | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Segment and Related Information | ' | ||||||||||||
Segment and Related Information | |||||||||||||
The Company currently manages and evaluates its operations primarily through its South, East and Midwest regional segments. These three groups are presented below as the Company’s reportable segments. The Company’s three geographic operating segments provide collection, transfer, disposal and recycling services. The Company serves residential, commercial, industrial, and municipal customers throughout our operating regions. Summarized financial information concerning its reportable segments for the three and nine months ended September 30, 2014 and 2013 are shown in the table below: | |||||||||||||
Service | Operating | Depreciation | |||||||||||
Revenue | Income | and | |||||||||||
(Loss) | Amortization | ||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||
South | $ | 125.9 | $ | 18.8 | $ | 18.5 | |||||||
East | 97.2 | 4.3 | 24 | ||||||||||
Midwest | 145 | 16.7 | 28.9 | ||||||||||
Corporate | — | (14.7 | ) | 2.4 | |||||||||
$ | 368.1 | $ | 25.1 | $ | 73.8 | ||||||||
Three Months Ended September 30, 2013 | |||||||||||||
South | $ | 121.4 | $ | 17.6 | $ | 19.4 | |||||||
East | 86 | 4.7 | 19.7 | ||||||||||
Midwest | 137.3 | 10.4 | 31.6 | ||||||||||
Corporate | — | (24.9 | ) | 2.3 | |||||||||
$ | 344.7 | $ | 7.8 | $ | 73 | ||||||||
Nine Months Ended September 30, 2014 | |||||||||||||
South | $ | 372 | $ | 54.3 | $ | 55.7 | |||||||
East | 268.4 | 4.8 | 63 | ||||||||||
Midwest | 408.8 | 38.5 | 81.7 | ||||||||||
Corporate | — | (48.5 | ) | 6.3 | |||||||||
$ | 1,049.20 | $ | 49.1 | $ | 206.7 | ||||||||
Nine Months Ended September 30, 2013 | |||||||||||||
South | $ | 356.4 | $ | 53.4 | $ | 57.7 | |||||||
East | 247.4 | 10.5 | 56.6 | ||||||||||
Midwest | 381.7 | 22.7 | 88.8 | ||||||||||
Corporate | — | (66.1 | ) | 6.7 | |||||||||
$ | 985.5 | $ | 20.5 | $ | 209.8 | ||||||||
Fluctuations in the Company operating results may be caused by many factors, including period-to-period changes in the relative contribution of revenue by each line of business and operating segment and by general economic conditions. In addition, its revenues and income from operations typically reflect seasonal patterns. The Company’s operating revenues normally tend to be somewhat higher in the summer months, primarily due to the traditional seasonal increase in the volume of construction and demolition waste. Historically, the volumes of industrial and residential waste in certain regions in which it operates have tended to increase during the summer months. The Company’s second and third quarter revenues and results of operations typically reflect these seasonal trends. | |||||||||||||
Additionally, certain destructive weather conditions that tend to occur during the second half of the year, such as hurricanes that most often impact the South region, can actually increase the Company’s revenues in the areas affected. While weather-related and other “one-time” occurrences can boost revenues through additional work, as a result of significant start-up costs and other factors, such revenue sometimes generates earnings at comparatively lower margins. Certain weather conditions, including severe winter storms, may result in the temporary suspension of the Company’s operations, which can significantly affect the operating results of the affected regions. |
Restructuring
Restructuring | 9 Months Ended |
Sep. 30, 2014 | |
Restructuring and Related Activities [Abstract] | ' |
Restructuring | ' |
Restructuring | |
In September 2012, the Company announced a reorganization of its operations, designed to consolidate management and staff in connection with the merging of the operations of IWS and ADS. Subsequent to the closing of Veolia ES Solid Waste division, further organizational changes were announced and implemented. Principal changes included consolidation and elimination of management, relocation of staff to new regional headquarter locations and divesting of certain locations. Through this and subsequent reorganizations, the Company eliminated approximately 130 positions throughout the Company and offered voluntary separation agreements to those impacted. | |
During the three months ended September 30, 2014 and 2013, we recognized $1.6 and $2.2 of pre-tax restructuring charges, respectively. For three months ended September 30, 2014, $1.2 was related to relocation and $0.4 was related to employee severance and benefits cost and for the three months ended September 30, 2013, $1.4 was related to employee severance and benefits costs and $0.8 was related to lease termination costs. | |
During the nine months ended September 30, 2014 and 2013, we recognized $3.6 and $4.1 of pre-tax restructuring charges, respectively. For the nine months ended September 30, 2014, $2.6 of relocation costs, $0.4 of employee severance and benefits costs and $0.6 of lease termination costs. For the nine months ended September 30, 2013, $2.6 was related to relocation costs, $0.3 was related to employee severance and benefits costs and $1.2 was related to lease termination costs. | |
Since inception of the reorganization program through September 30, 2014, the Company had recognized $23.5 of restructuring charges, of which $13.3 related to employee severance and benefits, $4.5 associated with lease termination costs and the remainder was associated with relocation costs. Of the total amount recognized since inception of the program in 2012, the Company has paid $17.4 of these costs. At September 30, 2014, the Company had approximately $4.3 of accrued employee severance and $1.8 of lease termination costs, which will be paid through November 2020. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||||||||||
Fair Value Measurements | ||||||||||||||||||||||||
Assets and Liabilities Accounted for at Fair Value | ||||||||||||||||||||||||
In measuring fair values of assets and liabilities, we use valuation techniques that maximize the use of observable inputs (Level 1) and minimize the use of unobservable inputs (Level 3). We also use market data or assumptions that we believe market participants would use in pricing an asset or liability, including assumptions about risk when appropriate. The carrying value for certain of our financial instruments, including cash approximates fair value because of the short-term nature. The Company’s assets and liabilities that are measured at fair value on a recurring basis include the following: | ||||||||||||||||||||||||
Fair Value Measurement at September 30, 2014 | ||||||||||||||||||||||||
Reporting Date Using | ||||||||||||||||||||||||
Total | Quoted Prices | Significant | Significant | Total | Carrying | |||||||||||||||||||
in Active | Other | Unobservable | Gains | Value | ||||||||||||||||||||
Markets for | Observable | Inputs | (Losses) | |||||||||||||||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Recurring fair value measurements | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 30.2 | $ | 30.2 | $ | — | $ | — | $ | — | $ | 30.2 | ||||||||||||
Restricted cash | 2.3 | 2.3 | — | — | — | 2.3 | ||||||||||||||||||
Derivative instruments - Asset position | 3.8 | — | 3.8 | — | — | 3.8 | ||||||||||||||||||
Derivative instruments - Liability position | (3.6 | ) | $ | — | (3.6 | ) | $ | — | $ | — | $ | (3.6 | ) | |||||||||||
Total recurring fair value measurements | $ | 32.7 | $ | 32.5 | $ | 0.2 | $ | — | $ | — | $ | 32.7 | ||||||||||||
Fair Value Measurement at December 31, 2013 | ||||||||||||||||||||||||
Reporting Date Using | ||||||||||||||||||||||||
Total | Quoted Prices | Significant | Significant | Total | Carrying | |||||||||||||||||||
in Active | Other | Unobservable | Gains | Value | ||||||||||||||||||||
Markets for | Observable | Inputs | (Losses) | |||||||||||||||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Recurring fair value measurements | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 12 | $ | 12 | $ | — | $ | — | $ | — | $ | 12 | ||||||||||||
Restricted cash | 2.4 | 2.4 | — | — | — | 2.4 | ||||||||||||||||||
Derivative instruments - Asset position | 6.2 | — | 6.2 | — | — | 6.2 | ||||||||||||||||||
Total recurring fair value measurements | $ | 20.6 | $ | 14.4 | $ | 6.2 | $ | — | $ | — | $ | 20.6 | ||||||||||||
The fair values of our fuel hedges and interest rate caps are determined using standard option valuation models with assumptions about commodity prices based on those observed in underlying markets (Level 2 in fair value hierarchy). | ||||||||||||||||||||||||
Fair Value of Debt | ||||||||||||||||||||||||
The fair value of the Company’s debt (Level 2) is estimated using discounted cash flow analyses, based on rates the Company would currently pay for similar types of instruments except for variable rate debt for which cost approximates fair value due to the short-term nature of the interest rate. Although the Company has determined the estimated fair value amounts using available market information and commonly accepted valuation methodologies, considerable judgment is required in interpreting the information and in developing the estimated fair values. Therefore, these estimates are not necessarily indicative of the amounts that the Company, or holders of the instruments, could realize in a current market exchange. The fair value estimates are based on information available as of September 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||||||||||
The estimated fair value of the Company’s debt is as follows at September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||
September 30, | December 31, | |||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||
Senior notes | $ | 578.6 | $ | 596.1 | ||||||||||||||||||||
Term loan B | 1,732.60 | 1,788.10 | ||||||||||||||||||||||
$ | 2,311.20 | $ | 2,384.20 | |||||||||||||||||||||
The carrying value of the Company’s debt at September 30, 2014 and December 31, 2013 was approximately $2,318.5 and $2,332.0, respectively. |
StockBased_Compensation
Stock-Based Compensation | 9 Months Ended |
Sep. 30, 2014 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' |
Stock-Based Compensation | ' |
Stock-Based Compensation | |
During the nine months ended September 30, 2014, there were 8,753 grant issuances under its stock option plan. For the nine months ended September 30, 2014, 7,833 annual and senior management options were forfeited and 11,237 strategic options were forfeited. As of September 30, 2014 there 38,575 options outstanding under the annual and senior management plan and 40,270 outsanding under the strategic plan. The weighted average exercise price of annual and strategic stock options were $662 and $575, respectively. | |
The weighted average remaining contractual term for the outstanding annual and senior management stock option plans was 6.9 years. The weighted average remaining contractual terms for the outstanding strategic option plan was 5.6 years. Total unrecognized compensation expense was approximately $3.0, which will be recognized over the next 2.7 years. For the three months ended September 30, 2014 and 2013, compensation expense was approximately $0.4 and $0.6. For the nine months ended September 30, 2014 and 2013, compensation expense was approximately $1.8 and $3.0. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||
Accumulated Other Comprehensive Income | ' | ||||||||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||||||||
The changes in the balances of each component of accumulated other comprehensive income, net of tax, which is included as a component of stockholders’ equity, are as follows: | |||||||||||||||||||
Nine Months Ended | |||||||||||||||||||
September 30, 2014 | |||||||||||||||||||
Gains and Losses on | |||||||||||||||||||
Derivative Instruments (a) | |||||||||||||||||||
Balance, December 31, 2013 | $ | 2.5 | |||||||||||||||||
Other comprehensive loss before reclassifications, net of tax | (2.8 | ) | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive income | 0.1 | ||||||||||||||||||
Net current period other comprehensive loss | (2.7 | ) | |||||||||||||||||
Balance, September 30, 2014 | $ | (0.2 | ) | ||||||||||||||||
(a)Amounts in parentheses represent debits to accumulated other comprehensive income. | |||||||||||||||||||
The significant amounts reclassified out of each component of accumulated other comprehensive income are as follows: | |||||||||||||||||||
Amount of Derivative Gain (Loss) | Amount of Derivative Gain (Loss) | ||||||||||||||||||
Recognized in OCI Effective | Recognized in OCI Effective Nine Months Ended September 30, | ||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||
Derivatives Designated as Cash Flow Hedges | 2014 | 2013 | 2014 | 2013 | |||||||||||||||
Fuel commodity derivatives | $ | (3.8 | ) | $ | 0.4 | $ | (3.7 | ) | $ | 0.1 | |||||||||
Natural gas commodity derivatives | — | — | — | (0.1 | ) | ||||||||||||||
Interest rate caps | 0.5 | (2.1 | ) | (0.4 | ) | 2.1 | |||||||||||||
Total before tax | (3.3 | ) | (1.7 | ) | (4.1 | ) | 2.1 | ||||||||||||
Tax expense | (1.2 | ) | (0.6 | ) | (1.3 | ) | 0.9 | ||||||||||||
Net of tax | $ | (2.1 | ) | $ | (1.1 | ) | $ | (2.8 | ) | $ | 1.2 | ||||||||
The amounts reclassified out of each component of accumulated other comprehensive income are as follows: | |||||||||||||||||||
Statement of Operations Classification | Amount Reclassified from | Amount Reclassified from | |||||||||||||||||
Accumulated Other | Accumulated Other | ||||||||||||||||||
Comprehensive Income (Loss) (a) | Comprehensive Income (Loss) (a) | ||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
Derivatives Designated as Cash Flow Hedges | 2014 | 2013 | 2014 | 2013 | |||||||||||||||
Gains and losses on cash flow hedges: | |||||||||||||||||||
Interest rate swaps | Interest expense | $ | — | $ | 1.5 | $ | — | $ | 4.5 | ||||||||||
Fuel commodity derivatives | Operating expenses | 0.1 | (0.2 | ) | 0.1 | (0.8 | ) | ||||||||||||
Natural gas commodity derivatives | Service revenues | — | 0.2 | — | 0.7 | ||||||||||||||
Total reclassifications for the period, before tax | 0.1 | 1.1 | 0.1 | 3 | |||||||||||||||
Tax impact | — | 0.4 | — | 1.2 | |||||||||||||||
Total reclassifications for the period, net of tax | $ | 0.1 | $ | 0.7 | $ | 0.1 | $ | 1.8 | |||||||||||
(a) | Amounts in parentheses represent debits to the statement of operations classification. |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Consolidation | ' |
Intercompany accounts and transactions have been eliminated in consolidation. | |
Use of estimates and assumptions | ' |
In preparing its financial statements, the Company makes numerous estimates and assumptions that affect the accounting for and recognition and disclosure of assets, liabilities, equity, revenues and expenses. The Company must make these estimates and assumptions because certain information that it uses is dependent on future events, cannot be calculated with a high degree of precision from data available or simply cannot be readily calculated. In some cases, these estimates are particularly difficult to determine and the Company must exercise significant judgment. In preparing its financial statements, the most difficult, subjective and complex estimates and the assumptions that present the greatest amount of uncertainty relate to the Company’s accounting for landfills, environmental remediation liabilities, asset impairments, deferred income taxes and reserves associated with its insured and self-insured claims. Actual results could differ materially from the estimates and assumptions that the Company uses in the preparation of its financial statements. | |
New accounting pronouncements | ' |
In May 2014, the Financial Accounting Standards Board ("FASB") issued authoritative guidance regarding revenue recognition from contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. The guidance is effective for the interim and annual periods beginning or or after December 15, 2016. The guidance permits the use of either a retrospective or cumulative effect transition method. The Company has not yet selected a transition method and is currently evaluating the impact of the amended guidance on its consolidated financial position, results of operations and related disclosure. Furthermore, the FASB issued guidance governing classification of discontinued operations. Upon adoption in 2015, certain future business dispositions may no longer meet the criteria for classification as discontinued operations. |
Landfill_Liabilities_Tables
Landfill Liabilities (Tables) | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Asset Retirement Obligation Disclosure [Abstract] | ' | ||||
Summary of Liabilities for Final Closure and Post-Closure Costs | ' | ||||
Liabilities for final closure and post-closure costs for the year ended December 31, 2013 and for the nine months ended September 30, 2014 are shown in the table below: | |||||
Balance at December 31, 2012 | $ | 191.5 | |||
Increase in retirement obligation | 10.8 | ||||
Accretion of closure and post-closure costs | 15 | ||||
Disposition | (6.5 | ) | |||
Change in estimate | (14.5 | ) | |||
Costs incurred | (12.0 | ) | |||
Balance at December 31, 2013 | 184.3 | ||||
Increase in retirement obligation | 13.9 | ||||
Accretion of closure and post-closure costs | 9.3 | ||||
Costs incurred | (6.7 | ) | |||
Balance at September 30, 2014 | 200.8 | ||||
Less: Current portion | (34.8 | ) | |||
$ | 166 | ||||
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||||||
Summary of Assets and Liabilities and Revenues and Expenses from Discontinued Operations | ' | |||||||||||||||
The following table summarizes the assets and liabilities of those businesses that are presented as held for sale in the accompanying condensed consolidated balance sheets at September 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||
September 30, | December 31, | |||||||||||||||
2014 | 2013 | |||||||||||||||
ASSETS | ||||||||||||||||
Accounts receivable, net | $ | — | $ | 0.7 | ||||||||||||
Prepaid expenses and other current assets | — | 0.3 | ||||||||||||||
Property and equipment, net | — | 2.1 | ||||||||||||||
Total assets | $ | — | $ | 3.1 | ||||||||||||
LIABILITIES | ||||||||||||||||
Accounts payable | $ | — | $ | 1 | ||||||||||||
Accrued expenses | — | 0.4 | ||||||||||||||
Deferred revenue | — | 0.3 | ||||||||||||||
Total liabilities | $ | — | $ | 1.7 | ||||||||||||
The following table summarizes the revenues and expenses of those businesses that are presented as discontinued operations prior to impairment charges in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2014 and 2013: | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||
Service revenues | $ | — | $ | 25.2 | $ | 0.4 | $ | 98.7 | ||||||||
Operating costs and expenses | ||||||||||||||||
Operating | — | 25.7 | 0.9 | 92.4 | ||||||||||||
Selling, general and administrative | — | 1.8 | 0.3 | 5.4 | ||||||||||||
Depreciation and amortization | — | 1.5 | 0.3 | 3.7 | ||||||||||||
Loss (gain) on disposal of assets | — | 10.9 | (0.4 | ) | 18.5 | |||||||||||
Total operating costs and expenses | — | 39.9 | 1.1 | 120 | ||||||||||||
Other expense | ||||||||||||||||
Interest expense | — | — | — | (0.2 | ) | |||||||||||
Total other expense | — | — | — | (0.2 | ) | |||||||||||
Loss from discontinued operations before income tax | — | (14.7 | ) | (0.7 | ) | (21.5 | ) | |||||||||
Tax benefit | (0.8 | ) | (2.9 | ) | (1.0 | ) | (4.3 | ) | ||||||||
Loss from discontinued operations, net of taxes | $ | 0.8 | $ | (11.8 | ) | $ | 0.3 | $ | (17.2 | ) | ||||||
Debt_Tables
Debt (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Summary of Major Components of Debt | ' | ||||||||
The following table summarizes the major components of debt at each balance sheet date and provides the maturities and interest rate ranges of each major category of debt: | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Revolving line of credit with lenders, interest at base rate plus margin, as defined (4.15% and 4.17% at September 30, 2014 and December 31, 2013, respectively) due quarterly; balance due at maturity in October 2017 | $ | — | $ | 8 | |||||
Note payable; discounted at 7.3%, annual payments varied; balance due 2029 | 3.7 | 3.5 | |||||||
Note payable; discounted at 8.5%, annual payments of $0.2; balance due February 2018; collateralized by real property | 0.5 | 0.6 | |||||||
Term loans; quarterly payments of $4.5 commencing March 31, 2013 through June 30, 2019 with final payment due October 9, 2019; interest at LIBOR floor of 0.75% and 1.25% at September 30, 2014 and December 31, 2013, respectively, plus an applicable margin of 300 basis points at September 30, 2014 and December 31, 2013 | 1,768.50 | 1,782.00 | |||||||
Senior notes payable; interest at 8.25% payable in arrears semi-annually commencing April 1, 2013; maturing on October 1, 2020 | 550 | 550 | |||||||
Capital lease obligations, maturing through 2024 | 24.4 | 15.4 | |||||||
Other debt | 0.5 | 1.1 | |||||||
2,347.60 | 2,360.60 | ||||||||
Less: Original issue discount | (24.9 | ) | (28.7 | ) | |||||
Less: Current portion | (22.1 | ) | (29.1 | ) | |||||
$ | 2,300.60 | $ | 2,302.80 | ||||||
Derivative_Instruments_and_Hed1
Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||
Summary of Fair Values of Derivative Instruments Recorded in Condensed Consolidated Balance Sheets | ' | ||||||||||||||||
The following table summarizes the fair values of derivative instruments recorded in the Company’s condensed consolidated balance sheets: | |||||||||||||||||
Derivatives Designated as Hedging Instruments | Balance Sheet Location | 30-Sep-14 | December 31, | ||||||||||||||
2013 | |||||||||||||||||
Fuel commodity derivatives | Other current assets | $ | — | $ | 0.1 | ||||||||||||
Fuel commodity derivatives | Other current liabilities | (3.0 | ) | — | |||||||||||||
Fuel commodity derivatives | Other long term liabilities | (0.6 | ) | — | |||||||||||||
Interest rate caps | Other assets | 3.8 | 6.1 | ||||||||||||||
Total derivative assets | $ | 0.2 | $ | 6.2 | |||||||||||||
Summary of Impacts of Periodic Settlements of Terminated Swap Agreements on Company's Results of Operations | ' | ||||||||||||||||
The following table summarizes the impacts of terminated swap agreements on the Company’s results of operations: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Terminated swap agreements | $ | — | $ | 1.5 | $ | — | $ | 4.5 | |||||||||
Segment_and_Related_Informatio1
Segment and Related Information (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Summary of Financial Information Concerning Reportable Segments | ' | ||||||||||||
Summarized financial information concerning its reportable segments for the three and nine months ended September 30, 2014 and 2013 are shown in the table below: | |||||||||||||
Service | Operating | Depreciation | |||||||||||
Revenue | Income | and | |||||||||||
(Loss) | Amortization | ||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||
South | $ | 125.9 | $ | 18.8 | $ | 18.5 | |||||||
East | 97.2 | 4.3 | 24 | ||||||||||
Midwest | 145 | 16.7 | 28.9 | ||||||||||
Corporate | — | (14.7 | ) | 2.4 | |||||||||
$ | 368.1 | $ | 25.1 | $ | 73.8 | ||||||||
Three Months Ended September 30, 2013 | |||||||||||||
South | $ | 121.4 | $ | 17.6 | $ | 19.4 | |||||||
East | 86 | 4.7 | 19.7 | ||||||||||
Midwest | 137.3 | 10.4 | 31.6 | ||||||||||
Corporate | — | (24.9 | ) | 2.3 | |||||||||
$ | 344.7 | $ | 7.8 | $ | 73 | ||||||||
Nine Months Ended September 30, 2014 | |||||||||||||
South | $ | 372 | $ | 54.3 | $ | 55.7 | |||||||
East | 268.4 | 4.8 | 63 | ||||||||||
Midwest | 408.8 | 38.5 | 81.7 | ||||||||||
Corporate | — | (48.5 | ) | 6.3 | |||||||||
$ | 1,049.20 | $ | 49.1 | $ | 206.7 | ||||||||
Nine Months Ended September 30, 2013 | |||||||||||||
South | $ | 356.4 | $ | 53.4 | $ | 57.7 | |||||||
East | 247.4 | 10.5 | 56.6 | ||||||||||
Midwest | 381.7 | 22.7 | 88.8 | ||||||||||
Corporate | — | (66.1 | ) | 6.7 | |||||||||
$ | 985.5 | $ | 20.5 | $ | 209.8 | ||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on Recurring Basis | ' | |||||||||||||||||||||||
The Company’s assets and liabilities that are measured at fair value on a recurring basis include the following: | ||||||||||||||||||||||||
Fair Value Measurement at September 30, 2014 | ||||||||||||||||||||||||
Reporting Date Using | ||||||||||||||||||||||||
Total | Quoted Prices | Significant | Significant | Total | Carrying | |||||||||||||||||||
in Active | Other | Unobservable | Gains | Value | ||||||||||||||||||||
Markets for | Observable | Inputs | (Losses) | |||||||||||||||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Recurring fair value measurements | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 30.2 | $ | 30.2 | $ | — | $ | — | $ | — | $ | 30.2 | ||||||||||||
Restricted cash | 2.3 | 2.3 | — | — | — | 2.3 | ||||||||||||||||||
Derivative instruments - Asset position | 3.8 | — | 3.8 | — | — | 3.8 | ||||||||||||||||||
Derivative instruments - Liability position | (3.6 | ) | $ | — | (3.6 | ) | $ | — | $ | — | $ | (3.6 | ) | |||||||||||
Total recurring fair value measurements | $ | 32.7 | $ | 32.5 | $ | 0.2 | $ | — | $ | — | $ | 32.7 | ||||||||||||
Fair Value Measurement at December 31, 2013 | ||||||||||||||||||||||||
Reporting Date Using | ||||||||||||||||||||||||
Total | Quoted Prices | Significant | Significant | Total | Carrying | |||||||||||||||||||
in Active | Other | Unobservable | Gains | Value | ||||||||||||||||||||
Markets for | Observable | Inputs | (Losses) | |||||||||||||||||||||
Identical Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Recurring fair value measurements | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 12 | $ | 12 | $ | — | $ | — | $ | — | $ | 12 | ||||||||||||
Restricted cash | 2.4 | 2.4 | — | — | — | 2.4 | ||||||||||||||||||
Derivative instruments - Asset position | 6.2 | — | 6.2 | — | — | 6.2 | ||||||||||||||||||
Total recurring fair value measurements | $ | 20.6 | $ | 14.4 | $ | 6.2 | $ | — | $ | — | $ | 20.6 | ||||||||||||
Estimated Fair Value of Company's Debt | ' | |||||||||||||||||||||||
The estimated fair value of the Company’s debt is as follows at September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||
September 30, | December 31, | |||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||
Senior notes | $ | 578.6 | $ | 596.1 | ||||||||||||||||||||
Term loan B | 1,732.60 | 1,788.10 | ||||||||||||||||||||||
$ | 2,311.20 | $ | 2,384.20 | |||||||||||||||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||
Summary of Changes in Balances of Each Component of Accumulated Other Comprehensive Income, Net of Tax | ' | ||||||||||||||||||
The changes in the balances of each component of accumulated other comprehensive income, net of tax, which is included as a component of stockholders’ equity, are as follows: | |||||||||||||||||||
Nine Months Ended | |||||||||||||||||||
September 30, 2014 | |||||||||||||||||||
Gains and Losses on | |||||||||||||||||||
Derivative Instruments (a) | |||||||||||||||||||
Balance, December 31, 2013 | $ | 2.5 | |||||||||||||||||
Other comprehensive loss before reclassifications, net of tax | (2.8 | ) | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive income | 0.1 | ||||||||||||||||||
Net current period other comprehensive loss | (2.7 | ) | |||||||||||||||||
Balance, September 30, 2014 | $ | (0.2 | ) | ||||||||||||||||
(a)Amounts in parentheses represent debits to accumulated other comprehensive income. | |||||||||||||||||||
Schedule of Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income | ' | ||||||||||||||||||
The significant amounts reclassified out of each component of accumulated other comprehensive income are as follows: | |||||||||||||||||||
Amount of Derivative Gain (Loss) | Amount of Derivative Gain (Loss) | ||||||||||||||||||
Recognized in OCI Effective | Recognized in OCI Effective Nine Months Ended September 30, | ||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||
Derivatives Designated as Cash Flow Hedges | 2014 | 2013 | 2014 | 2013 | |||||||||||||||
Fuel commodity derivatives | $ | (3.8 | ) | $ | 0.4 | $ | (3.7 | ) | $ | 0.1 | |||||||||
Natural gas commodity derivatives | — | — | — | (0.1 | ) | ||||||||||||||
Interest rate caps | 0.5 | (2.1 | ) | (0.4 | ) | 2.1 | |||||||||||||
Total before tax | (3.3 | ) | (1.7 | ) | (4.1 | ) | 2.1 | ||||||||||||
Tax expense | (1.2 | ) | (0.6 | ) | (1.3 | ) | 0.9 | ||||||||||||
Net of tax | $ | (2.1 | ) | $ | (1.1 | ) | $ | (2.8 | ) | $ | 1.2 | ||||||||
The amounts reclassified out of each component of accumulated other comprehensive income are as follows: | |||||||||||||||||||
Statement of Operations Classification | Amount Reclassified from | Amount Reclassified from | |||||||||||||||||
Accumulated Other | Accumulated Other | ||||||||||||||||||
Comprehensive Income (Loss) (a) | Comprehensive Income (Loss) (a) | ||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
Derivatives Designated as Cash Flow Hedges | 2014 | 2013 | 2014 | 2013 | |||||||||||||||
Gains and losses on cash flow hedges: | |||||||||||||||||||
Interest rate swaps | Interest expense | $ | — | $ | 1.5 | $ | — | $ | 4.5 | ||||||||||
Fuel commodity derivatives | Operating expenses | 0.1 | (0.2 | ) | 0.1 | (0.8 | ) | ||||||||||||
Natural gas commodity derivatives | Service revenues | — | 0.2 | — | 0.7 | ||||||||||||||
Total reclassifications for the period, before tax | 0.1 | 1.1 | 0.1 | 3 | |||||||||||||||
Tax impact | — | 0.4 | — | 1.2 | |||||||||||||||
Total reclassifications for the period, net of tax | $ | 0.1 | $ | 0.7 | $ | 0.1 | $ | 1.8 | |||||||||||
(a) | Amounts in parentheses represent debits to the statement of operations classification. |
Business_Operations_Additional
Business Operations - Additional Information (Detail) (USD $) | 0 Months Ended | 9 Months Ended |
In Millions, unless otherwise specified | Nov. 20, 2012 | Sep. 30, 2014 |
Segment | ||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' |
Number of reportable operating segments | ' | 3 |
Purchase price consideration for acquisition | $1,900 | ' |
Landfill_Liabilities_Summary_o
Landfill Liabilities - Summary of Liabilities for Final Closure and Post-Closure Costs (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ' | ' | ' |
Beginning balance | $184.30 | $191.50 | $191.50 |
Increase in retirement obligation | 13.9 | ' | 10.8 |
Accretion of closure and post-closure costs | 9.3 | 12.4 | 15 |
Disposition | ' | ' | -6.5 |
Change in estimate | ' | ' | -14.5 |
Costs incurred | -6.7 | ' | -12 |
Ending balance | 200.8 | ' | 184.3 |
Less: Current portion | -34.8 | ' | ' |
Ending balance | $166 | ' | ' |
Landfill_Liabilities_Additiona
Landfill Liabilities - Additional Information (Detail) (USD $) | Sep. 30, 2014 |
In Millions, unless otherwise specified | Landfill |
Asset Retirement Obligation Disclosure [Abstract] | ' |
Number of landfills for which company provides financial assurance | 2 |
Fair value of funds and escrow accounts | $2.30 |
Discontinued_Operations_Additi
Discontinued Operations - Additional Information (Detail) (USD $) | Jan. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Aug. 31, 2013 |
In Millions, unless otherwise specified | Florida [Member] | New York and New Jersey [Member] | New York and New Jersey [Member] | New York and New Jersey [Member] |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' |
Disposal of group of assets | $2 | $45 | $45 | ' |
Cash received on sale of discontinued operations on date of closing | ' | ' | 25 | ' |
Cash received on sale of discontinued operations | ' | 5 | ' | ' |
Reacquired minority interest | ' | ' | ' | $2.50 |
Discontinued_Operations_Summar
Discontinued Operations - Summary of Assets and Liabilities from Discontinued Operations (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
ASSETS | ' | ' |
Accounts receivable, net | $0 | $0.70 |
Prepaid expenses and other current assets | 0 | 0.3 |
Property and equipment, net | 0 | 2.1 |
Total assets | 0 | 3.1 |
LIABILITIES | ' | ' |
Accounts payable | 0 | 1 |
Accrued expenses | 0 | 0.4 |
Deferred revenue | 0 | 0.3 |
Total liabilities | $0 | $1.70 |
Discontinued_Operations_Summar1
Discontinued Operations - Summary of Revenues and Expenses from Discontinued Operations (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Discontinued Operations and Disposal Groups [Abstract] | ' | ' | ' | ' |
Service revenues | $0 | $25.20 | $0.40 | $98.70 |
Operating costs and expenses | ' | ' | ' | ' |
Operating | 0 | 25.7 | 0.9 | 92.4 |
Selling, general and administrative | 0 | 1.8 | 0.3 | 5.4 |
Depreciation and amortization | 0 | 1.5 | 0.3 | 3.7 |
Loss (gain) on disposal of assets | 0 | 10.9 | -0.4 | 18.5 |
Total operating costs and expenses | 0 | 39.9 | 1.1 | 120 |
Other expense | ' | ' | ' | ' |
Interest expense | 0 | 0 | 0 | -0.2 |
Total other expense | 0 | 0 | 0 | -0.2 |
Loss from discontinued operations before income tax | 0 | -14.7 | -0.7 | -21.5 |
Tax benefit | -0.8 | -2.9 | -1 | -4.3 |
Discontinued operations, net | $0.80 | ($11.80) | $0.30 | ($17.20) |
Debt_Summary_of_Major_Componen
Debt - Summary of Major Components of Debt (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Capital lease obligations, maturing through 2024 | $24.40 | $15.40 |
Other debt | 0.5 | 1.1 |
Long-term debt, gross | 2,347.60 | 2,360.60 |
Less: Original issue discount | -24.9 | -28.7 |
Less: Current portion | -22.1 | -29.1 |
Long-term debt, less original issue discount and current maturities | 2,300.60 | 2,302.80 |
Revolving line of credit with lenders, interest at base rate plus margin, as defined (4.15% and 4.17% at September 30, 2014 and December 31, 2013, respectively) due quarterly; balance due at maturity in October 2017 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | 0 | 8 |
Note payable; discounted at 7.3%, annual payments varied; balance due 2029 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | 3.7 | 3.5 |
Note payable; discounted at 8.5%, annual payments of $0.2; balance due February 2018; collateralized by real property [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | 0.5 | 0.6 |
Term loans; quarterly payments of $4.5 commencing March 31, 2013 through June 30, 2019 with final payment due October 9, 2019; interest at LIBOR floor of 0.75% and 1.25% at September 30, 2014 and December 31, 2013, respectively, plus an applicable margin of 300 basis points at September 30, 2014 and December 31, 2013 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | 1,768.50 | 1,782 |
Senior notes payable; interest at 8.25% payable in arrears semi-annually commencing April 1, 2013; maturing on October 1, 2020 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | $550 | $550 |
Debt_Summary_of_Major_Componen1
Debt - Summary of Major Components of Debt (Parenthetical) (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Feb. 28, 2014 | Feb. 28, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
Revolving line of credit with lenders, interest at base rate plus margin, as defined (4.15% and 4.17% at September 30, 2014 and December 31, 2013, respectively) due quarterly; balance due at maturity in October 2017 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Revolving line of credit interest rate | ' | ' | 4.15% | 4.17% |
Note payable; discounted at 7.3%, annual payments varied; balance due 2029 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Debt interest rate | ' | ' | 7.30% | 7.30% |
Note payable; discounted at 8.5%, annual payments of $0.2; balance due February 2018; collateralized by real property [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Debt interest rate | ' | ' | 8.50% | 8.50% |
Annual payment | ' | ' | 0.2 | 0.2 |
Term loans; quarterly payments of $4.5 commencing March 31, 2013 through June 30, 2019 with final payment due October 9, 2019; interest at LIBOR floor of 0.75% and 1.25% at September 30, 2014 and December 31, 2013, respectively, plus an applicable margin of 300 basis points at September 30, 2014 and December 31, 2013 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Quarterly payment | ' | ' | 4.5 | 4.5 |
Senior notes payable; interest at 8.25% payable in arrears semi-annually commencing April 1, 2013; maturing on October 1, 2020 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Debt interest rate | ' | ' | 8.25% | 8.25% |
LIBOR [Member] | Term loans; quarterly payments of $4.5 commencing March 31, 2013 through June 30, 2019 with final payment due October 9, 2019; interest at LIBOR floor of 0.75% and 1.25% at September 30, 2014 and December 31, 2013, respectively, plus an applicable margin of 300 basis points at September 30, 2014 and December 31, 2013 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Reference rate | 0.75% | 1.25% | 0.75% | 1.25% |
Basis spread on variable rate | 3.00% | 3.00% | 3.00% | 3.00% |
Debt_Additional_Information_De
Debt - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 12 Months Ended | |
Feb. 28, 2014 | Feb. 28, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Line of credit aggregate borrowing capacity | ' | ' | 300,000,000 | ' |
Line of credit maximum borrowing capacity | ' | ' | 100,000,000 | ' |
Letters of credit outstanding | ' | ' | 67,500,000 | ' |
Repayment of other obligations | ' | ' | 3,500,000 | ' |
Debt issuance cost | ' | 19,500,000 | 1,200,000 | ' |
Revolving Credit Facility [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Repayments under credit facilities | ' | ' | 83,000,000 | ' |
Term B Loan [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Repayment of term loan | ' | ' | 13,500,000 | ' |
Borrowings [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Borrowings amount | ' | ' | 75,000,000 | ' |
8.25% Senior Notes Payable [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Debt interest rate | ' | ' | 8.25% | ' |
Number of non-guarantor foreign subsidiary | ' | ' | 1 | ' |
Percentage of parent company in subsidiary guarantor | ' | ' | 100.00% | ' |
8.25% Senior Notes Payable [Member] | Maximum [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Percentage of income and cash flows from operating activities, less than 3% | ' | ' | 3.00% | ' |
LIBOR [Member] | Term loans; quarterly payments of $4.5 commencing March 31, 2013 through June 30, 2019 with final payment due October 9, 2019; interest at LIBOR floor of 0.75% and 1.25% at September 30, 2014 and December 31, 2013, respectively, plus an applicable margin of 300 basis points at September 30, 2014 and December 31, 2013 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Reference rate | 0.75% | 1.25% | 0.75% | 1.25% |
Basis spread on variable rate | 3.00% | 3.00% | 3.00% | 3.00% |
Base Rate [Member] | Term loans; quarterly payments of $4.5 commencing March 31, 2013 through June 30, 2019 with final payment due October 9, 2019; interest at LIBOR floor of 0.75% and 1.25% at September 30, 2014 and December 31, 2013, respectively, plus an applicable margin of 300 basis points at September 30, 2014 and December 31, 2013 [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Basis spread on variable rate | 2.00% | 2.00% | ' | ' |
Derivative_Instruments_and_Hed2
Derivative Instruments and Hedging Activities - Summary of Fair Values of Derivative Instruments Recorded in Condensed Consolidated Balance Sheets (Detail) (Derivatives Designated as Hedging Instruments [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Total derivative assets | $0.20 | $6.20 |
Fuel Commodity Derivatives [Member] | Other Current Assets [Member] | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Derivative assets | 0 | 0.1 |
Fuel Commodity Derivatives [Member] | Other Current Liabilities [Member] | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Derivative liabilities | -3 | 0 |
Fuel Commodity Derivatives [Member] | Other Long Term Liabilities [Member] | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Derivative liabilities | -0.6 | 0 |
Interest Rate Caps [Member] | Other Assets [Member] | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Derivative assets | $3.80 | $6.10 |
Derivative_Instruments_and_Hed3
Derivative Instruments and Hedging Activities - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2012 | Nov. 30, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Agreement | gal | gal | Btu | ||||
Btu | |||||||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Number of interest rate cap agreements | 4 | ' | ' | ' | ' | ' | ' |
Premium of other assets from condensed consolidated balance sheet | $5 | ' | ' | ' | ' | ' | ' |
Amortization of option interest rate cap premium | ' | ' | 0.3 | -0.3 | 1.9 | 0 | ' |
Interest rate swaps terminated | ' | 7 | ' | ' | ' | ' | ' |
Commodity volume hedged | ' | ' | 18,500,000 | ' | 18,500,000 | ' | ' |
Natural gas volume hedged | ' | ' | ' | ' | ' | ' | 500,000 |
Interest Rate Caps [Member] | ' | ' | ' | ' | ' | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Notional amounts of the contracts | ' | ' | ' | ' | ' | ' | 1,212 |
Fuel Commodity Derivatives [Member] | ' | ' | ' | ' | ' | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Hedged strike prices range | ' | ' | ' | ' | ' | ' | 5.1 |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Hedged strike prices range | ' | ' | 2.75 | ' | 2.75 | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Hedged strike prices range | ' | ' | 2.92 | ' | 2.92 | ' | ' |
Derivative_Instruments_and_Hed4
Derivative Instruments and Hedging Activities - Summary of Impacts of Periodic Settlements of Terminated Swap Agreements on Company's Results of Operations (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' | ' | ' |
Terminated swap agreements | $35.40 | $38.40 | $105.70 | $121.70 |
Terminated Interest Rate Swap Agreements [Member] | ' | ' | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' | ' | ' |
Terminated swap agreements | $0 | $1.50 | $0 | $4.50 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Effective income tax rate continuing operations | 15.10% | 30.90% | 22.30% | 34.70% |
Federal statutory tax rate | 34.00% | 34.00% | 34.00% | 34.00% |
Effective income tax benefit rate discontinued operations | ' | 19.70% | 142.90% | 20.00% |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) | Sep. 30, 2014 |
Commitments and Contingencies Disclosure [Abstract] | ' |
Percentage of workforce covered under collective bargaining | 13.50% |
Segment_and_Related_Informatio2
Segment and Related Information - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2014 | |
Segment | |
Segment Reporting [Abstract] | ' |
Number of Company's reportable geographic segments | 3 |
Segment_and_Related_Informatio3
Segment and Related Information - Summary of Financial Information Concerning Reportable Segments (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Service Revenue | $368.10 | $344.70 | $1,049.20 | $985.50 |
Operating Income (Loss) | 25.1 | 7.8 | 49.1 | 20.5 |
Depreciation and Amortization | 73.8 | 73 | 206.7 | 209.8 |
Operating Segments [Member] | South [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Service Revenue | 125.9 | 121.4 | 372 | 356.4 |
Operating Income (Loss) | 18.8 | 17.6 | 54.3 | 53.4 |
Depreciation and Amortization | 18.5 | 19.4 | 55.7 | 57.7 |
Operating Segments [Member] | East [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Service Revenue | 97.2 | 86 | 268.4 | 247.4 |
Operating Income (Loss) | 4.3 | 4.7 | 4.8 | 10.5 |
Depreciation and Amortization | 24 | 19.7 | 63 | 56.6 |
Operating Segments [Member] | Midwest [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Service Revenue | 145 | 137.3 | 408.8 | 381.7 |
Operating Income (Loss) | 16.7 | 10.4 | 38.5 | 22.7 |
Depreciation and Amortization | 28.9 | 31.6 | 81.7 | 88.8 |
Corporate [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Service Revenue | 0 | 0 | 0 | 0 |
Operating Income (Loss) | -14.7 | -24.9 | -48.5 | -66.1 |
Depreciation and Amortization | $2.40 | $2.30 | $6.30 | $6.70 |
Restructuring_Additional_Infor
Restructuring - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 25 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 |
Position | ||||||
Restructuring and Related Activities [Abstract] | ' | ' | ' | ' | ' | ' |
Number of positions eliminated | 130 | ' | ' | ' | ' | ' |
Restructuring charges | ' | $1.60 | $2.20 | $3.60 | $4.10 | $23.50 |
Relocation cost | ' | 1.2 | ' | 2.6 | 2.6 | ' |
Employee severance and benefits charges | ' | 0.4 | 1.4 | 0.4 | 0.3 | 13.3 |
Lease termination costs | ' | ' | 0.8 | 0.6 | 1.2 | 4.5 |
Cash payments related to restructuring charges | ' | ' | ' | ' | ' | 17.4 |
Accrued employee severance | ' | 4.3 | ' | 4.3 | ' | 4.3 |
Accrued lease termination costs | ' | $1.80 | ' | $1.80 | ' | $1.80 |
Fair_Value_Measurements_Assets
Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (Fair Value, Measurements, Recurring [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Recurring fair value measurements | ' | ' |
Cash and cash equivalents | $30.20 | $12 |
Restricted cash | 2.3 | 2.4 |
Derivative instruments - Asset position | 3.8 | 6.2 |
Derivative instruments - Liability position | -3.6 | ' |
Total recurring fair value measurements | 32.7 | 20.6 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Recurring fair value measurements | ' | ' |
Cash and cash equivalents | 30.2 | 12 |
Restricted cash | 2.3 | 2.4 |
Derivative instruments - Asset position | 0 | 0 |
Derivative instruments - Liability position | 0 | ' |
Total recurring fair value measurements | 32.5 | 14.4 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Recurring fair value measurements | ' | ' |
Cash and cash equivalents | 0 | 0 |
Restricted cash | 0 | 0 |
Derivative instruments - Asset position | 3.8 | 6.2 |
Derivative instruments - Liability position | -3.6 | ' |
Total recurring fair value measurements | 0.2 | 6.2 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Recurring fair value measurements | ' | ' |
Cash and cash equivalents | 0 | 0 |
Restricted cash | 0 | 0 |
Derivative instruments - Asset position | 0 | 0 |
Derivative instruments - Liability position | 0 | ' |
Total recurring fair value measurements | 0 | 0 |
Total Gains (Losses) [Member] | ' | ' |
Recurring fair value measurements | ' | ' |
Cash and cash equivalents | 0 | 0 |
Restricted cash | 0 | 0 |
Derivative instruments - Asset position | 0 | 0 |
Derivative instruments - Liability position | 0 | ' |
Total recurring fair value measurements | 0 | 0 |
Carrying Value [Member] | ' | ' |
Recurring fair value measurements | ' | ' |
Cash and cash equivalents | 30.2 | 12 |
Restricted cash | 2.3 | 2.4 |
Derivative instruments - Asset position | 3.8 | 6.2 |
Derivative instruments - Liability position | -3.6 | ' |
Total recurring fair value measurements | $32.70 | $20.60 |
Fair_Value_Measurements_Estima
Fair Value Measurements - Estimated Fair Value of Company's Debt (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Estimated fair value debt | $2,311.20 | $2,384.20 |
Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Estimated fair value debt | 578.6 | 596.1 |
Term B Loan [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Estimated fair value debt | $1,732.60 | $1,788.10 |
Fair_Value_Measurements_Additi
Fair Value Measurements - Additional Information (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Fair Value Disclosures [Abstract] | ' | ' |
Debt instruments carrying value | $2,318.50 | $2,332 |
StockBased_Compensation_Additi
Stock-Based Compensation - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number of stock options granted | ' | ' | 8,753 | ' |
Unrecognized compensation expense related to grants, total | $3 | ' | $3 | ' |
Unrecognized compensation expense, recognition period | ' | ' | '2 years 8 months 18 days | ' |
Compensation expense | $0.40 | $0.60 | $1.80 | $3 |
Annual Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number of stock options forfeited | ' | ' | 7,833 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 38,575 | ' | 38,575 | ' |
Stock options, weighted average exercise price (in dollars per share) | ' | ' | $662 | ' |
Stock options, weighted average remaining contractual term | ' | ' | '6 years 10 months 18 days | ' |
Strategic Options [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number of stock options forfeited | ' | ' | 11,237 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 40,270 | ' | 40,270 | ' |
Stock options, weighted average exercise price (in dollars per share) | ' | ' | $575 | ' |
Stock options, weighted average remaining contractual term | ' | ' | '5 years 7 months 18 days | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income - Summary of Changes in Balances of Each Component of Accumulated Other Comprehensive Income, Net of Tax (Detail) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | ' | |
Balance, December 31, 2013 | $2.50 | [1] |
Other comprehensive loss before reclassifications, net of tax | -2.8 | [1] |
Amounts reclassified from accumulated other comprehensive income | 0.1 | [1] |
Net current period other comprehensive loss | -2.7 | [1] |
Balance, September 30, 2014 | ($0.20) | [1] |
[1] | Amounts in parentheses represent debits to accumulated other comprehensive income. |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Income - Schedule of Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Service revenues | $368.10 | $344.70 | $1,049.20 | $985.50 | ||||
Tax impact | -1.3 | -9.2 | -12 | -34.4 | ||||
Derivatives Designated as Cash Flow Hedges [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total before tax | -3.3 | -1.7 | -4.1 | 2.1 | ||||
Tax expense | -1.2 | -0.6 | -1.3 | 0.9 | ||||
Net of tax | -2.1 | -1.1 | -2.8 | 1.2 | ||||
Derivatives Designated as Cash Flow Hedges [Member] | Fuel Commodity Derivatives [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total before tax | -3.8 | 0.4 | -3.7 | 0.1 | ||||
Derivatives Designated as Cash Flow Hedges [Member] | Natural Gas Commodity Derivatives [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total before tax | 0 | 0 | 0 | -0.1 | ||||
Derivatives Designated as Cash Flow Hedges [Member] | Interest Rate Caps [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total before tax | 0.5 | -2.1 | -0.4 | 2.1 | ||||
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) [Member] | Derivatives Designated as Cash Flow Hedges [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Total reclassifications for the period, before tax | 0.1 | [1] | 1.1 | [1] | 0.1 | [1] | 3 | [1] |
Tax impact | 0 | [1] | 0.4 | [1] | 0 | [1] | 1.2 | [1] |
Total reclassifications for the period, net of tax | 0.1 | [1] | 0.7 | [1] | 0.1 | [1] | 1.8 | [1] |
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) [Member] | Derivatives Designated as Cash Flow Hedges [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Interest expense | 0 | [1] | 1.5 | [1] | 0 | [1] | 4.5 | [1] |
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) [Member] | Derivatives Designated as Cash Flow Hedges [Member] | Fuel Commodity Derivatives [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Operating expenses | 0.1 | [1] | -0.2 | [1] | 0.1 | [1] | -0.8 | [1] |
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) [Member] | Derivatives Designated as Cash Flow Hedges [Member] | Natural Gas Commodity Derivatives [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Service revenues | $0 | [1] | $0.20 | [1] | $0 | [1] | $0.70 | [1] |
[1] | Amounts in parentheses represent debits to the statement of operations classification. |