XML 55 R39.htm IDEA: XBRL DOCUMENT
v3.25.0.1

INCOME TAX (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
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,
| 2024 |  | 2023 |  | 2022
United States | $ | 80.5 |  |  | $ | 91.6 |  |  | $ | 104.0 |
Foreign | (0.7) |  |  | 3.6 |  |  | (0.2) |
Total | $ | 79.8 |  |  | $ | 95.2 |  |  | $ | 103.8 |
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,
| 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
Federal | $ | 15.9 |  |  | $ | 18.1 |  |  | $ | 21.2 |
State | 3.4 |  |  | 4.2 |  |  | 4.3 |
Foreign | 0.3 |  |  | 0.2 |  |  | 0.2 |
Total current | $ | 19.6 |  |  | $ | 22.5 |  |  | $ | 25.7 |
Deferred: |  |  |  |  |
Federal | $ | (0.3) |  |  | $ | 0.9 |  |  | $ | 0.0 |
State | 0.2 |  |  | 0.2 |  |  | 0.1 |
Foreign | (0.4) |  |  | 0.9 |  |  | (0.1) |
Total deferred | $ | (0.5) |  |  | $ | 2.0 |  |  | $ | 0.0 |
Total tax provision | $ | 19.1 |  |  | $ | 24.5 |  |  | $ | 25.7 |
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,
| 2024 |  | 2023 |  | 2022
Income tax at Federal statutory rate | $ | 16.8 |  |  | 21.0 | % |  | $ | 20.0 |  |  | 21.0 | % |  | $ | 21.8 |  |  | 21.0 | %
State and local income taxes, net of federal tax benefit | 2.8 |  |  | 3.5 | % |  | 3.5 |  |  | 3.7 | % |  | 3.7 |  |  | 3.7 | %
Stock based compensation | (0.2) |  |  | (0.2) | % |  | (0.1) |  |  | (0.1) | % |  | 0.0 |  |  | 0.0 | %
Non-deductible items | 0.0 |  |  | 0.0 | % |  | 0.5 |  |  | 0.5 | % |  | 0.7 |  |  | 0.6 | %
Other items, net | (0.3) |  |  | (0.4) | % |  | 0.6 |  |  | 0.6 | % |  | (0.5) |  |  | (0.5) | %
Income tax | $ | 19.1 |  |  | 23.9 | % |  | $ | 24.5 |  |  | 25.7 | % |  | $ | 25.7 |  |  | 24.8 | %
Schedule of Deferred Tax Assets and Liabilities | The deferred tax assets and liabilities are comprised of the following (in millions):
| December 31,
| 2024 |  | 2023
Assets: |  |  |
Accrued expenses and other liabilities | $ | 1.9 |  |  | $ | 1.9 |
Inventory | 2.2 |  |  | 2.2 |
Operating lease obligations | 20.3 |  |  | 23.6 |
Intangible & other | 2.0 |  |  | 1.9 |
Net operating loss and credit carryforwards | 6.2 |  |  | 6.3 |
Valuation allowances | (4.9) |  |  | (5.2) |
Total deferred tax assets | $ | 27.7 |  |  | $ | 30.7 |
Liabilities: |  |  |
Operating lease right-of-use assets | $ | 17.8 |  |  | $ | 21.0 |
Other | 1.8 |  |  | 1.9 |
Total deferred tax liabilities | $ | 19.6 |  |  | $ | 22.9 |
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
2024 |  | $ | (5.2) |  |  | $ | 0.0 |  |  | $ | 0.2 |  |  | $ | 0.1 |  |  | $ | (4.9) |
2023 |  | $ | (5.8) |  |  | $ | 0.0 |  |  | $ | 0.5 |  |  | $ | 0.1 |  |  | $ | (5.2) |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration