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INCOME TAXES (Tables)

12 Months Ended

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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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
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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.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
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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.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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-Name Accounting Standards Codification
-Section 55
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-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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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.

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