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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of the income tax provision (benefit) from continuing operations were as follows:
($ in millions) | 2024 |  | 2023
Current |  |  |
Federal | $ | (0.1) |  |  | $ | 0.4 |
State | 0.3 |  |  | 0.4 |
Total current income tax expense | 0.2 |  |  | 0.8 |
Deferred |  |  |
Federal | (0.2) |  |  | 49.5 |
State | (0.2) |  |  | 9.0 |
Total deferred income tax provision (benefit) | (0.4) |  |  | 58.5 |
Income tax provision (benefit) | $ | (0.2) |  |  | $ | 59.3 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the statutory U.S. Federal income tax rate of 21% to our effective income tax rate follows:
| 2024 |  | 2023
U.S. Federal statutory rate | 21.0% |  | 21.0%
Change in valuation allowance | (20.1)% |  | (52.7)%
Stock-based compensation | (0.7)% |  | (0.9)%
State and local, net of federal benefit | (0.1)% |  | (4.7)%
Executive compensation | —% |  | (0.3)%
Other | 0.3% |  | (0.7)%
Effective tax rate | 0.4% |  | (38.3)%
Schedule of Deferred Tax Assets and Liabilities | The major components of deferred tax assets and liabilities are as follows:
($ in millions) | 2024 |  | 2023
Deferred tax assets: |  |  |
Net operating loss carryforward | $ | 33.8 |  |  | $ | 26.5 |
Business interest carryforward | 31.5 |  |  | 21.5 |
Goodwill and intangible assets | 46.9 |  |  | 43.8 |
Lease liabilities | 47.4 |  |  | 49.4 |
Inventory reserve | — |  |  | 2.6 |
Transaction costs | 1.1 |  |  | 1.2 |
Stock-based compensation | 0.4 |  |  | 0.3 |
Other | 0.6 |  |  | 0.5 |
Total gross deferred tax assets | 161.7 |  |  | 145.8 |
Valuation allowance | (113.0) |  |  | (93.6) |
Deferred tax assets, net | 48.7 |  |  | 52.2 |
Deferred tax liabilities: |  |  |
ROU assets | 36.5 |  |  | 39.0 |
Property and equipment | 12.2 |  |  | 12.5 |
Debt issuance costs amortization | — |  |  | 0.7 |
Other | — |  |  | 0.4 |
Deferred tax liabilities | 48.7 |  |  | 52.6 |
Net deferred tax asset (liability) | $ | — |  |  | $ | (0.4) |
Schedule of Valuation Allowance |
($ in millions) | 2024 |  | 2023
Valuation allowance as of beginning of the year | $ | 93.6 |  |  | $ | 0.7 |
Increases recorded to income tax provision | 19.4 |  |  | 92.9 |
Valuation allowance as of end of year | $ | 113.0 |  |  | $ | 93.6 |

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- 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
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- 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
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- 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
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