INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of 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,
	2023		2022		2021
United States	$	91.6	$	104.0	$	84.5
Foreign	3.6		(0.2)		3.1
Total	$	95.2	$	103.8	$	87.6

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,
	2023		2022		2021
Current:
Federal	$	18.1	$	21.2	$	16.8
State	4.2		4.3		3.8
Foreign	0.2		0.2		0.1
Total current	$	22.5	$	25.7	$	20.7
Deferred:
Federal	$	0.9	$	0.0	$	(0.6)
State	0.2		0.1		(0.2)
Foreign	0.9		(0.1)		(2.4)
Total deferred	$	2.0	$	0.0	$	(3.2)
Total tax provision	$	24.5	$	25.7	$	17.5

Schedule of 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,
	2023				2022				2021
Income tax at Federal statutory rate	$	20.0	21.0	%	$	21.8	21.0	%	$	18.4	21.0	%
State and local income taxes, net of federal tax benefit	3.5		3.7	%	3.7		3.7	%	2.9		3.3	%
Reversal of valuation allowances	0.0		0.0	%	0.0		0.0	%	(3.4)		(3.8)	%
Stock based compensation	(0.1)		(0.1)	%	0.0		0.0	%	(0.8)		(0.9)	%
Non-deductible items	0.5		0.5	%	0.7		0.6	%	0.5		0.5	%
Other items, net	0.6		0.6	%	(0.5)		(0.5)	%	(0.1)		(0.1)	%
Income tax	$	24.5	25.7	%	$	25.7	24.8	%	$	17.5	20.0	%

Schedule of Deferred Tax Assets and Liabilities

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

	December 31,
	2023		2022
Assets:
Accrued expenses and other liabilities	$	1.9	$	1.6
Inventory	2.2		2.9
Operating lease obligations	23.6		25.3
Intangible & other	1.9		0.4
Net operating loss and credit carryforwards	6.3		8.1
Valuation allowances	(5.2)		(5.8)
Total deferred tax assets	$	30.7	$	32.5
Liabilities:
Operating lease right-of-use assets	$	21.0	$	22.6
Other	1.9		0.1
Total deferred tax liabilities	$	22.9	$	22.7

Schedule 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
2023	$	(5.8)	$	0.0	$	0.5	$	0.1	$	(5.2)
2022	$	(6.1)	$	0.0	$	0.3	$	0.0	$	(5.8)