INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

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,
	2021		2020		2019
United States	$	84.5	$	80.5	$	65.8
Foreign	3.1		3.5		0.3
Total	$	87.6	$	84.0	$	66.1

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,
	2021		2020		2019
Current:
Federal	$	16.8	$	17.0	$	12.5
State	3.8		3.3		2.1
Foreign	0.1		0.1		0.1
Total current	$	20.7	$	20.4	$	14.7
Deferred:
Federal	$	(0.6)	$	(0.8)	$	1.1
State	(0.2)		0.3		0.3
Foreign	(2.4)		0.0		0.0
Total deferred	$	(3.2)	$	(0.5)	$	1.4
Total tax provision	$	17.5	$	19.9	$	16.1

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,
	2021				2020				2019
Income tax at Federal statutory rate	$	18.4	21.0	%	$	17.6	21.0	%	$	13.9	21.0	%
State and local income taxes, net of federal tax benefit	2.9		3.3	%	3.0		3.5	%	2.4		3.7	%
Impact of state rate changes	0.0		0.0	%	0.0		0.0	%	0.1		0.1	%
Reversal of valuation allowances	(3.4)		(3.8)	%	(0.9)		(1.0)	%	(0.3)		(0.4)	%
Stock based compensation	(0.8)		(0.9)	%	(0.5)		(0.6)	%	(0.5)		(0.8)	%
Non-deductible items	0.5		0.5	%	0.8		0.9	%	0.8		1.2	%
Other items, net	(0.1)		(0.1)	%	(0.1)		(0.1)	%	(0.3)		(0.4)	%
Income tax	$	17.5	20.0	%	$	19.9	23.7	%	$	16.1	24.4	%

Schedule of Deferred Tax Assets and Liabilities

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

	December 31,
	2021		2020
Assets:
Accrued expenses and other liabilities	$	2.4	$	2.5
Inventory	2.8		1.7
Operating lease obligations	18.8		20.9
Intangible & other	0.0		0.6
Net operating loss and credit carryforwards	8.8		15.5
Valuation allowances	(6.1)		(15.2)
Total deferred tax assets	$	26.7	$	26.0
Liabilities:
Operating lease right-of-use assets	$	16.4	$	18.4
Other	0.2		0.1
Total deferred tax liabilities	$	16.6	$	18.5

Summary of Valuation Allowance

The following table summarizes the changes in valuation allowance (in millions):

	Balance at Beginning of Period		Benefit Recognized in Expense		Write-offs		Other		Balance at End of Period
2021	$	(15.2)	$	3.0	$	7.0	$	(0.9)	$	(6.1)
2020	$	(16.8)	$	1.0	$	0.6	$	0.0	$	(15.2)