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Pay vs Performance Disclosure - USD ($)
12 Months Ended 27 Months Ended 45 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2025
Sep. 30, 2023
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table

Pay Versus Performance

In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosures regarding the relationship between the executive compensation for our principal executive officers (“PEOs”) and the other named executive officers (the "Non-PEO NEOs") and the Company's performance for the fiscal years listed below. The Compensation and Human Capital Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.

 

Year

Summary
Compensation
Table Total
for PEO 1
(1)

Summary
Compensation
Table Total
for PEO 2
(1)

Compensation
Actually Paid
to PEO 1
(1)(2)(3)

Compensation
Actually Paid
to PEO 2
(1)(2)(3)

Average
Summary
Compensation
Table Total
for Non-PEO
NEOs
(1)

Average
Compensation
Actually Paid
to Non-PEO
NEOs
(1)(2)(3)

Value of Initial Fixed $100 Investment based on:(4)

Net (Loss) /
Income

Adjusted Operating Income(5)

 

 

 

 

 

 

 

TSR

Peer Group TSR

 

 

 

($)

($)

($)

($)

($)

($)

($)

($)

($ Millions)

($ Millions)

2025

4,488,934

1,270,558

1,399,228

631,402

57.65

122.16

41.3

153.3

2024

4,212,901

3,703,304

1,660,474

1,005,552

75.00

121.49

(101.6)

189.7

2023

4,350,195

2,674,387

6,224,665

3,424,333

1,574,020

1,947,394

82.13

109.06

(21.8)

204.8

2022

5,268,403

133,509

1,398,731

449,648

71.28

86.41

(13.2)

175.8

2021

7,276,781

7,422,848

2,214,526

2,238,161

100.77

112.08

101.9

227.9

(1)
Mr. Elisman was our PEO until September 30, 2023 (“PEO 1”). Mr. Tedford has been our PEO since October 1, 2023 (“PEO 2”). The individuals comprising the Non-PEO NEOs for each year presented are listed below.

For 2025: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, Pamela R. Schneider, Gregory J. McCormack, and Angela Y. Jones.

For 2024: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, Boris Elisman, and Pamela R. Schneider.

For 2023: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, and Roxanne Bernstein.

For 2022: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, Thomas W. Tedford, and Neal V. Fenwick,

For 2021: Cezary Monko, Patrick H. Buchenroth, Thomas W. Tedford, and Neal V. Fenwick.

(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs.
(3)
Compensation Actually Paid reflects total compensation as disclosed in the Summary Compensation Table as adjusted to exclude and include certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.

 

 

 

 

 

 

Fiscal Year 2025

 

 

 

 

 

 

PEO 2 ($)

 

Average for Non-PEO NEOs ($)

Summary Compensation Table Total

4,488,934

 

1,399,228

    Exclusion of Change in Pension Value

 

(10,833)

    Exclusion of Stock Awards

(3,425,889)

 

(617,514)

    Inclusion of Pension Service Cost

 

    Inclusion of Equity Values (a)

207,513

 

(139,479)

Compensation Actually Paid

1,270,558

 

631,402

(a) The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

 

 

 

 

 

 

Fiscal Year 2025

 

 

 

 

 

 

PEO 2 ($)

 

Average for Non-PEO NEOs ($)

Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year

1,165,552

 

188,729

Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards

(714,579)

 

(193,691)

Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year

 

Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year

(243,460)

 

(94,393)

Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year

 

(40,124)

Total - Inclusion of Equity Values

 

207,513

 

(139,479)

(4)
The Peer Group TSR utilizes the S&P Office Services and Supplies (SuperCap1500) Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the year ended December 31, 2025. The comparison assumes $100 was invested in the Company and in the S&P Office Services and Supplies (SuperCap 500) Index for the period starting December 31, 2020 through the end of the listed year. Historical stock performance is not necessarily indicative of future stock performance.
(5)
We determined adjusted operating income to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to PEO 2 and the Non-PEO NEOs in 2025. Adjusted operating income is a non-GAAP financial measure. Adjusted operating income is defined and reconciled to its most directly comparable GAAP financial measure in Appendix B "Supplemental Non-GAAP Financial Measures" of this Proxy Statement.
           
Company Selected Measure Name Adjusted Operating Income            
Named Executive Officers, Footnote
(1)
Mr. Elisman was our PEO until September 30, 2023 (“PEO 1”). Mr. Tedford has been our PEO since October 1, 2023 (“PEO 2”). The individuals comprising the Non-PEO NEOs for each year presented are listed below.

For 2025: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, Pamela R. Schneider, Gregory J. McCormack, and Angela Y. Jones.

For 2024: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, Boris Elisman, and Pamela R. Schneider.

For 2023: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, and Roxanne Bernstein.

For 2022: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, Thomas W. Tedford, and Neal V. Fenwick,

For 2021: Cezary Monko, Patrick H. Buchenroth, Thomas W. Tedford, and Neal V. Fenwick.

           
Adjustment To PEO Compensation, Footnote

 

 

 

 

 

 

Fiscal Year 2025

 

 

 

 

 

 

PEO 2 ($)

 

Average for Non-PEO NEOs ($)

Summary Compensation Table Total

4,488,934

 

1,399,228

    Exclusion of Change in Pension Value

 

(10,833)

    Exclusion of Stock Awards

(3,425,889)

 

(617,514)

    Inclusion of Pension Service Cost

 

    Inclusion of Equity Values (a)

207,513

 

(139,479)

Compensation Actually Paid

1,270,558

 

631,402

           
Non-PEO NEO Average Total Compensation Amount $ 1,399,228 $ 1,660,474 $ 1,574,020 $ 1,398,731 $ 2,214,526    
Non-PEO NEO Average Compensation Actually Paid Amount $ 631,402 1,005,552 1,947,394 449,648 2,238,161    
Adjustment to Non-PEO NEO Compensation Footnote

 

 

 

 

 

 

Fiscal Year 2025

 

 

 

 

 

 

PEO 2 ($)

 

Average for Non-PEO NEOs ($)

Summary Compensation Table Total

4,488,934

 

1,399,228

    Exclusion of Change in Pension Value

 

(10,833)

    Exclusion of Stock Awards

(3,425,889)

 

(617,514)

    Inclusion of Pension Service Cost

 

    Inclusion of Equity Values (a)

207,513

 

(139,479)

Compensation Actually Paid

1,270,558

 

631,402

           
Equity Valuation Assumption Difference, Footnote

 

 

 

 

 

 

Fiscal Year 2025

 

 

 

 

 

 

PEO 2 ($)

 

Average for Non-PEO NEOs ($)

Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year

1,165,552

 

188,729

Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards

(714,579)

 

(193,691)

Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year

 

Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year

(243,460)

 

(94,393)

Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year

 

(40,124)

Total - Inclusion of Equity Values

 

207,513

 

(139,479)

           
Compensation Actually Paid vs. Total Shareholder Return

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, the Company’s cumulative TSR over the five most recently completed fiscal years, and the S&P Office Services and Supplies (SuperCap1500) Index TSR over the same period.

img213120988_33.jpg

           
Compensation Actually Paid vs. Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the five most recently completed fiscal years.

img213120988_34.jpg

           
Compensation Actually Paid vs. Company Selected Measure

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted Operating Income during the five most recently completed fiscal years.

img213120988_35.jpg

           
Tabular List, Table

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO 2 and Non-PEO NEOs for 2025 to Company performance. The measures in the table are not ranked.

Adjusted EPS

Adjusted Operating Income

Net Sales

 

Pursuant to SEC rules, the information in this “Pay Versus Performance Disclosure” section shall not be deemed to be incorporated by reference by any general statement incorporating by reference this Proxy Statement into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, and shall not otherwise be deemed filed under such acts.

           
Total Shareholder Return Amount $ 57.65 75 82.13 71.28 100.77    
Peer Group Total Shareholder Return Amount 122.16 121.49 109.06 86.41 112.08    
Net Income (Loss) $ 41,300,000 $ (101,600,000) $ (21,800,000) $ (13,200,000) $ 101,900,000    
Company Selected Measure Amount 153,300,000 189,700,000 204,800,000 175,800,000 227,900,000    
P E O One [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 4,350,195 $ 5,268,403 $ 7,276,781    
PEO Actually Paid Compensation Amount     6,224,665 $ 133,509 $ 7,422,848    
PEO Name             Mr. Elisman
P E O Two [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount $ 4,488,934 $ 4,212,901 2,674,387        
PEO Actually Paid Compensation Amount $ 1,270,558 $ 3,703,304 $ 3,424,333        
PEO Name           Mr. Tedford  
Measure:: 1              
Pay vs Performance Disclosure              
Name Adjusted EPS            
Measure:: 2              
Pay vs Performance Disclosure              
Name Adjusted Operating Income            
Measure:: 3              
Pay vs Performance Disclosure              
Name Net Sales            
PEO | P E O Two [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount $ 207,513            
PEO | Pension Adjustments Service Cost | P E O Two [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Pension Adjustments Prior Service Cost | P E O Two [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table | P E O Two [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 207,513            
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table | P E O Two [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (3,425,889)            
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested | P E O Two [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 1,165,552            
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested | P E O Two [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (714,579)            
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year | P E O Two [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year | P E O Two [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (243,460)            
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year | P E O Two [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
Non-PEO NEO              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (139,479)            
Non-PEO NEO | Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
Non-PEO NEO | Pension Adjustments Prior Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (10,833)            
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (139,479)            
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (617,514)            
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount 188,729            
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (193,691)            
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount (94,393)            
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount $ (40,124)