INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Components of Income (Loss) before Income Taxes

The following table summarizes our U.S. and foreign components of income from continuing operations before income taxes (in millions): 

	Year Ended December 31,
	2020		2019		2018
United States	$	80.5	$	65.8	$	62.8
Foreign	3.5		0.3		0.1
Total	$	84.0	$	66.1	$	62.9

Schedule of (Benefit) Provision for Income Taxes

The following table summarizes the (benefit) provision for income taxes from continuing operations (in millions):

	Year Ended December 31,
	2020		2019		2018
Current:
Federal	$	17.0	$	12.5	$	2.6
State	3.3		2.1		2.4
Foreign	0.1		0.1		0.0
Total current	$	20.4	$	14.7	$	5.0
Deferred:
Federal	$	(0.8)	$	1.1	$	7.7
State	0.3		0.3		0.6
Foreign	0.0		0.0		0.1
Total deferred	$	(0.5)	$	1.4	$	8.4
TOTAL	$	19.9	$	16.1	$	13.4

Reconciliation of Difference between Income Tax Expense and Computed Income Tax Expense Based on Federal Statutory Corporate Rate

A reconciliation of the difference between the income tax expense and the computed income tax expense from continuing operations based on the Federal statutory corporate rate is as follows (in millions):

	Year Ended December 31,
	2020				2019				2018
Income tax at Federal statutory rate	$	17.6	21.0	%	$	13.9	21.0	%	$	13.2	21.0	%
State and local income taxes, net of federal tax benefit	3.0		3.5	%	2.4		3.7	%	2.6		4.1	%
Impact of state rate changes	0.0		0.0	%	0.1		0.1	%	(0.1)		(0.2)	%
Reversal of valuation allowances	(0.9)		(1.0)	%	(0.3)		(0.4)	%	(0.2)		(0.3)	%
Stock based compensation	(0.5)		(0.6)	%	(0.5)		(0.8)	%	(1.5)		(2.4)	%
Non-deductible items	0.8		0.9	%	0.8		1.2	%	0.1		0.2	%
Other items, net	(0.1)		(0.1)	%	(0.3)		(0.4)	%	(0.7)		(1.1)	%
Income tax	$	19.9	23.7	%	$	16.1	24.4	%	$	13.4	21.3	%

Schedule of Deferred Tax Assets and Liabilities

The deferred tax assets and liabilities are comprised of the following (in millions):

	December 31,
	2020		2019
Assets:
Accrued expenses and other liabilities	$	2.5	$	1.3
Inventory	1.7		1.3
Operating lease obligations	20.9		16.5
Intangible & other	0.6		1.3
Net operating loss and credit carryforwards	15.5		17.7
Valuation allowances	(15.2)		(16.8)
Total deferred tax assets	$	26.0	$	21.3
Liabilities:
Operating lease right-of-use assets	$	18.4	$	14.0
Other	0.1		0.1
Total deferred tax liabilities	$	18.5	$	14.1