Arc Document Solutions (ARC) 10-Q 3 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Oct. 24, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-32407
Entity Registrant Name	ARC DOCUMENT SOLUTIONS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1700361
Entity Address, Address Line One	12657 Alcosta Blvd, Suite 200
Entity Address, City or Town	San Ramon
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94583
City Area Code	925
Local Phone Number	949-5100
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	ARC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		43,025,662
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001305168
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 50,648	$ 55,929
Accounts receivable, net of allowances for accounts receivable of $2,038 and $2,104	41,117	39,441
Inventory	9,495	8,842
Prepaid expenses	4,329	4,125
Other current assets	3,528	4,207
Total current assets	109,117	112,544
Property and equipment, net of accumulated depreciation of $233,124 and $229,803	39,467	45,153
Right-of-use assets from operating leases	29,071	29,360
Goodwill	121,051	121,051
Other intangible assets, net	212	325
Deferred income taxes	8,940	13,293
Other assets	2,264	2,273
Total assets	310,122	323,999
Current liabilities:
Accounts payable	22,978	22,753
Accrued payroll and payroll-related expenses	12,372	11,857
Accrued expenses	16,045	16,752
Current operating lease liability	9,953	10,284
Current portion of finance leases	11,611	13,816
Total current liabilities	72,959	75,462
Long-term operating lease liabilities	24,365	24,952
Long-term debt and finance leases	57,231	64,426
Other long-term liabilities	176	167
Total liabilities	154,731	165,007
Commitments and contingencies (Note 6)
ARC Document Solutions, Inc. shareholders’ equity:
Preferred stock, $0.001 par value, 25,000 shares authorized; 0 shares issued and outstanding	0	0
Common stock, $0.001 par value, 150,000 shares authorized; 50,924 and 50,584 shares issued and 43,026 and 43,108 shares outstanding	51	50
Additional paid-in capital	131,625	129,881
Retained earnings	44,413	41,768
Accumulated other comprehensive loss	(4,477)	(2,501)
Total stockholders equity before adjustment of treasury stock	171,612	169,198
Less cost of common stock in treasury, 7,898 and 7,476 shares	18,101	16,771
Total ARC Document Solutions, Inc. shareholders’ equity	153,511	152,427
Noncontrolling interest	1,880	6,565
Total equity	155,391	158,992
Total liabilities and equity	$ 310,122	$ 323,999

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowances for accounts receivable	$ 2,038	$ 2,104
Accumulated depreciation	$ 233,124	$ 229,803
Preferred stock, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	50,924,000	50,584,000
Common stock, shares outstanding (in shares)	43,026,000	43,108,000
Treasury stock, (in shares)	7,898,000	7,476,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 73,136	$ 72,432	$ 217,188	$ 202,961
Cost of sales	48,315	48,643	144,380	137,593
Gross profit	24,821	23,789	72,808	65,368
Selling, general and administrative expenses	19,082	18,829	58,376	54,373
Amortization of intangible assets	17	37	87	168
Income from operations	5,722	4,923	14,345	10,827
Other income, net	(15)	(7)	(49)	(30)
Interest expense, net	454	495	1,330	1,691
Income before income tax provision	5,283	4,435	13,064	9,166
Income tax provision	1,577	1,298	4,376	2,949
Net income	3,706	3,137	8,688	6,217
Loss attributable to the noncontrolling interest	31	41	283	324
Net income attributable to ARC Document Solutions, Inc. shareholders	$ 3,737	$ 3,178	$ 8,971	$ 6,541
Earnings per share attributable to ARC Document Solutions, Inc. shareholders:
Basic (in usd per share)	$ 0.09	$ 0.08	$ 0.21	$ 0.15
Diluted (in usd per share)	$ 0.09	$ 0.07	$ 0.21	$ 0.15
Weighted average common shares outstanding:
Basic (in shares)	42,283	42,073	42,209	42,213
Diluted (in shares)	42,956	42,724	43,414	42,629

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 3,706	$ 3,137	$ 8,688	$ 6,217
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustments	(1,068)	(97)	(2,470)	226
Other comprehensive (loss) income, net of tax	(1,068)	(97)	(2,470)	226
Comprehensive income	2,638	3,040	6,218	6,443
Comprehensive loss attributable to noncontrolling interest, net of tax	(171)	(4)	(777)	(216)
Comprehensive income attributable to ARC Document Solutions, Inc. shareholders	$ 2,809	$ 3,044	$ 6,995	$ 6,659

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Common Stock in Treasury	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2020		49,422
Beginning balance at Dec. 31, 2020	$ 154,336	$ 49	$ 127,755	$ 37,308	$ (2,787)	$ (14,657)	$ 6,668
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (in shares)		963
Stock-based compensation	1,225	$ 1	1,224
Stock options exercised (in shares)		27
Stock options exercised	54		54
Issuance of common stock under employee stock purchase plan (in shares)		27
Issuance of common stock under Employee Stock Purchase Plan	43		43
Treasury shares	(1,593)					(1,593)
Cash dividends - common stock	(2,530)			(2,530)
Comprehensive income (loss), net of tax	6,443			6,541	118		(216)
Ending balance (in shares) at Sep. 30, 2021		50,439
Ending balance at Sep. 30, 2021	157,978	$ 50	129,076	41,319	(2,669)	(16,250)	6,452
Beginning balance (in shares) at Jun. 30, 2021		50,403
Beginning balance at Jun. 30, 2021	155,795	$ 50	128,524	38,982	(2,535)	(15,682)	6,456
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	481		481
Stock options exercised (in shares)		27
Stock options exercised	54		54
Issuance of common stock under employee stock purchase plan (in shares)		9
Issuance of common stock under Employee Stock Purchase Plan	17		17
Treasury shares	(568)					(568)
Cash dividends - common stock	(841)			(841)
Comprehensive income (loss), net of tax	3,040			3,178	(134)		(4)
Ending balance (in shares) at Sep. 30, 2021		50,439
Ending balance at Sep. 30, 2021	$ 157,978	$ 50	129,076	41,319	(2,669)	(16,250)	6,452
Beginning balance (in shares) at Dec. 31, 2021	50,584	50,584
Beginning balance at Dec. 31, 2021	$ 158,992	$ 50	129,881	41,768	(2,501)	(16,771)	6,565
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (in shares)		152
Stock-based compensation	1,331		1,331
Stock options exercised (in shares)		160
Stock options exercised	352	$ 1	351
Issuance of common stock under employee stock purchase plan (in shares)		28
Issuance of common stock under Employee Stock Purchase Plan	62		62
Treasury shares	(1,330)					(1,330)
Cash dividends - common stock	(6,326)			(6,326)
Distribution of noncontrolling interest	(3,908)						(3,908)
Comprehensive income (loss), net of tax	$ 6,218			8,971	(1,976)		(777)
Ending balance (in shares) at Sep. 30, 2022	50,924	50,924
Ending balance at Sep. 30, 2022	$ 155,391	$ 51	131,625	44,413	(4,477)	(18,101)	1,880
Beginning balance (in shares) at Jun. 30, 2022		50,896
Beginning balance at Jun. 30, 2022	154,344	$ 51	131,119	42,773	(3,549)	(18,101)	2,051
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	441		441
Stock options exercised (in shares)		15
Stock options exercised	41		41
Issuance of common stock under employee stock purchase plan (in shares)		13
Issuance of common stock under Employee Stock Purchase Plan	24		24
Treasury shares	0					0
Cash dividends - common stock	(2,097)			(2,097)
Comprehensive income (loss), net of tax	$ 2,638			3,737	(928)		(171)
Ending balance (in shares) at Sep. 30, 2022	50,924	50,924
Ending balance at Sep. 30, 2022	$ 155,391	$ 51	$ 131,625	$ 44,413	$ (4,477)	$ (18,101)	$ 1,880

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	1 Months Ended	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Quarterly cash dividends declared (in usd per share)	$ 0.05	$ 0.05	$ 0.02	$ 0.05	$ 0.02

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income	$ 8,688	$ 6,217
Adjustments to reconcile net income to net cash provided by operating activities:
Allowance for accounts receivable	275	164
Depreciation	15,512	18,760
Amortization of intangible assets	87	168
Amortization of deferred financing costs	46	47
Stock-based compensation	1,331	1,224
Deferred income taxes	4,187	2,637
Deferred tax valuation allowance	30	125
Other non-cash items, net	(135)	(167)
Changes in operating assets and liabilities:
Accounts receivable	(2,880)	(4,008)
Inventory	(896)	338
Prepaid expenses and other assets	6,874	6,965
Accounts payable and accrued expenses	(6,721)	(4,296)
Net cash provided by operating activities	26,398	28,174
Cash flows from investing activities
Capital expenditures	(4,284)	(3,391)
Other	210	291
Net cash used in investing activities	(4,074)	(3,100)
Cash flows from financing activities
Proceeds from stock option exercises	352	54
Proceeds from issuance of common stock under Employee Stock Purchase Plan	62	43
Share repurchases	(1,330)	(1,593)
Distribution to noncontrolling interest	(3,908)	0
Payments on finance leases	(11,588)	(13,918)
Borrowings under revolving credit facilities	114,000	69,250
Payments under revolving credit facilities	(117,750)	(76,750)
Payment of deferred financing costs	0	(281)
Dividends paid	(6,332)	(2,112)
Net cash used in financing activities	(26,494)	(25,307)
Effect of foreign currency translation on cash balances	(1,111)	186
Net change in cash and cash equivalents	(5,281)	(47)
Cash and cash equivalents at beginning of period	55,929	54,950
Cash and cash equivalents at end of period	50,648	54,903
Noncash investing and financing activities
Finance lease obligations incurred	6,388	4,771
Operating lease obligations incurred	$ 7,154	$ 2,115

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation ARC Document Solutions, Inc. ("ARC Document Solutions," "ARC" or "the Company") is a digital printing company. ARC provides digital printing and document-related services to customers in a growing variety of industries. ARC offers Digital Printing services, Managed Print Services ("MPS"), and Scanning and Digital Imaging services. In addition, ARC also sells Equipment and Supplies. The Company conducts its operations through its wholly-owned operating subsidiary, ARC Document Solutions, LLC, a Texas limited liability company, and its affiliates. Basis of Presentation The accompanying interim Condensed Consolidated Financial Statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in conformity with the requirements of the U.S. Securities and Exchange Commission ("SEC"). As permitted under those rules, certain footnotes or other financial information required by GAAP for complete financial statements have been condensed or omitted. In management’s opinion, the accompanying interim Condensed Consolidated Financial Statements reflect all adjustments of a normal and recurring nature that are necessary to fairly present the interim Condensed Consolidated Financial Statements. All intercompany accounts and transactions have been eliminated in consolidation. The operating results for the three and nine months ended September 30, 2022, are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the interim Condensed Consolidated Financial Statements and accompanying notes. The Company evaluates its estimates and assumptions on an ongoing basis and relies on historical experience and various other factors that it believes to be reasonable under the circumstances to determine such estimates. Actual results could differ from those estimates and such differences may be material to the interim Condensed Consolidated Financial Statements. These interim Condensed Consolidated Financial Statements and accompanying notes should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Noncontrolling Interest The Company accounted for its investment in UNIS Document Solutions Co. Ltd., ("UDS") under the purchase method of accounting, in accordance with ASC 805, Business Combinations . UDS has been consolidated in the Company's financial statements from the date of acquisition. Noncontrolling interest, which represents the 35% noncontrolling interest in UDS owned by the joint venture ("JV") partner, is reflected on the Company's Condensed Consolidated Financial Statements. In May of 2022, the Company completed an $11.2 million capital distribution from its Chinese JV. As the Company is 65% owner, $7.3 million came to the Company's US operations, and 35% or $3.9 million went to the JV partner, thus resulting in a $3.9 million decrease in the Company's consolidated cash and noncontrolling interest balance sheet accounts. Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to ARC's customers, in an amount that reflects the consideration it expects to be entitled to in exchange for those goods or services. Net sales of the Company’s principal services and products were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Service Sales Digital Printing $ 44,654 $ 44,890 $ 132,766 $ 125,413 MPS (1) 19,415 18,497 57,317 53,837 Scanning and Digital Imaging 4,779 4,073 13,268 10,382 Total services sales $ 68,848 $ 67,460 $ 203,351 $ 189,632 Equipment and Supplies Sales 4,288 4,972 13,837 13,329 Total net sales $ 73,136 $ 72,432 $ 217,188 $ 202,961 (1) MPS includes $17.9 million of rental income and $1.5 million of service income for the three months ended September 30, 2022 and $52.9 million of rental income and $4.4 million of service income for the nine months ended September 30, 2022. MPS includes $17.1 million of rental income and $1.4 million of service income for the three months ended September 30, 2021 and $49.3 million of rental income and $4.5 million of service income for the nine months ended September 30, 2021. Digital Printing consists of professional services and software services to (i) reproduce and distribute large-format and small-format documents in either black and white or color (“Ordered Prints”) and (ii) specialized graphic color printing. Substantially all of the Company’s revenue from Digital Printing comes from professional services to reproduce Ordered Prints. Sales of Ordered Prints are initiated through a customer order or quote and are governed by established terms and conditions agreed upon at the onset of the customer relationship. Revenue is recognized when the performance obligation under the terms of a contract with a customer are satisfied, which generally occurs with the transfer of control of the Ordered Prints. Transfer of control occurs at a specific point in time, when the Ordered Prints are delivered to the customer’s site or handed to the customer for walk-in orders. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Taxes collected concurrent with revenue-producing activities are excluded from revenue. MPS consists of placement, management, and optimization of print and imaging equipment in customers' offices, job sites, and other facilities. MPS relieves the Company’s customers of the burden of purchasing print equipment and related supplies and maintaining print devices and print networks, and it shifts their costs to a “per-use” basis. MPS is supported by the Company's hosted proprietary technology, Abacus ® , which allows customers to capture, control, manage, print, and account for their documents. Under its MPS contracts, the Company is paid a fixed rate per unit for each print produced (per-use), often referred to as a “click charge”. MPS sales are driven by the ongoing print needs of the Company’s customers at their facilities. Upon the issuance of Accounting Standards Codification ("ASC") 842, Leases, the Company concluded that certain of its MPS arrangements, which had previously been accounted for as service revenue under ASC 606, Revenue from Contracts with Customers, are accounted for as operating leases under ASC 842. Scanning and Digital Imaging combines software and professional services to facilitate the capture, management, access and retrieval of documents and information that have been produced in the past. Scanning and Digital Imaging includes the Company's hosted SKYSITE ® software and ARC Facilities solution to organize, search and retrieve documents, as well as the provision of services that include the capture and conversion of hardcopy and electronic documents into digital files (“Scanned Documents”), and their cloud-based storage and maintenance. Sales of Scanning and Digital Imaging professional services, which represent substantially all revenue for the business line, are initiated through a customer order or proposal and are governed by established terms and conditions agreed upon at the onset of the customer relationship. Revenue is recognized when the performance obligation under the terms of a contract with a customer are satisfied; generally, this occurs with the transfer of control of the digital files. Transfer of control occurs at a specific point-in-time, when the Scanned Documents are delivered to the customer either through SKYSITE, ARC Facilities, or through other electronic media. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Taxes collected concurrent with revenue-producing activities are excluded from revenue. Equipment and Supplies sales consist of reselling printing, imaging, and related equipment (“Goods”) to customers primarily in architectural, engineering and construction firms. Sales of Equipment and Supplies are initiated through a customer order and are governed by established terms and conditions agreed upon at the onset of the customer relationship. Revenue is recognized when the performance obligations under the terms of a contract with a customer are satisfied; generally, this occurs with the transfer of control of the Goods. Transfer of control occurs at a specific point-in-time, when the Goods are delivered to the customer’s site. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Taxes collected concurrent with revenue-producing activities are excluded from revenue. The Company has experienced minimal customer returns or refunds and does not offer a warranty on equipment that it is reselling. Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments - Credit Loss (Topic 326) (“ASU 2016-13”), which updates the guidance on recognition and measurement of credit losses for financial assets. The new requirements, known as the current expected credit loss model ("CECL") will require entities to adopt an impairment model based on expected losses rather than incurred losses. ASU 2016-13 must be adopted on a modified-retrospective approach. This update was effective for fiscal years beginning after December 15, 2020 including interim periods within those fiscal years. In October 2019, the FASB approved an extension for all non-SEC filers, including small reporting companies, to extend the effective date to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Therefore, the effective date for this update will be January 1, 2023. The Company is currently evaluating the potential impact of the adoption of the new standard on its consolidated statements of financial condition and results of operations, but does not currently expect a material impact on the Company's consolidated financial statements. Segment Reporting The provisions of ASC 280, Segment Reporting , require public companies to report financial and descriptive information about their reportable operating segments. The Company identifies operating segments based on the various business activities that earn revenue and incur expense and whose operating results are reviewed by the Company's Chief Executive Officer, who is the Company's chief operating decision maker. Because its operating segments have similar products and services, classes of customers, production processes, distribution methods and economic characteristics, the Company operates as a single reportable segment. Risk and Uncertainties The Company generates a significant portion of its revenue from sales of services and products to customers in the architectural, engineering, construction and building owner/operator ("AEC/O") industry. As a result, the Company's results largely depend on the strength of that industry. The Company's historical operating results reflect the cyclical and variable nature of the AEC/O industry. ARC believes that the AEC/O industry generally experiences downturns several months after a downturn in the general economy, and that there may be a similar delay in the recovery of the AEC/O industry following a recovery of the general economy. A downturn in the AEC/O industry would diminish demand for all of the Company's products and services, and would therefore negatively affect the Company's revenues and have a material adverse effect on the Company's business, operating results and financial condition. As part of the Company’s growth strategy, ARC intends to continue to offer and grow a variety of service offerings that are relatively new to the company. The success of the Company's efforts will be affected by its ability to acquire new customers for the Company's new service offerings as well as sell the new service offerings to existing customers. The Company’s inability to successfully market and execute these relatively new service offerings could significantly affect its business and reduce its long term revenue, resulting in an adverse effect on its results of operations and financial condition.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The Company accounts for earnings per share in accordance with ASC 260, Earnings Per Share. Basic earnings per share is computed by dividing net income attributable to ARC by the weighted-average number of shares of common stock outstanding for the period. Diluted earnings per common share is computed similarly to basic earnings per share except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if shares subject to outstanding options and acquisition rights had been issued and if the additional shares were dilutive. Common share equivalents are excluded from the computation if their effect is anti-dilutive. For the three and nine months ended September 30, 2022, 3.8 million and 3.1 million shares of common stock, respectively, were excluded from the calculation of diluted net income attributable to ARC per common share, because they were anti-dilutive. For the three and nine months ended September 30, 2021, 4.4 million and 4.6 million shares of common stock were excluded from the calculation of diluted net income attributable to ARC per common share, because they were anti-dilutive. The Company's common share equivalents consist of stock options issued under the Company's stock plan. Basic and diluted weighted average common shares outstanding were calculated as follows for the three and nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Weighted average common shares outstanding during the period—basic 42,283 42,073 42,209 42,213 Effect of dilutive stock awards 673 651 1,205 416 Weighted average common shares outstanding during the period—diluted 42,956 42,724 43,414 42,629

Goodwill and Other Intangibles

Goodwill and Other Intangibles	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	Goodwill and Other Intangibles Goodwill In accordance with ASC 350, Intangibles - Goodwill and Other , the Company assesses goodwill for impairment annually as of September 30, and more frequently if events and circumstances indicate that goodwill might be impaired. At September 30, 2022, the Company performed its annual assessment and determined that goodwill was not impaired. Goodwill impairment testing is performed at the reporting unit level. Goodwill is assigned to reporting units at the date the goodwill is initially recorded. Once goodwill has been assigned to reporting units, it no longer retains its association with a particular acquisition, and all of the activities within a reporting unit, whether acquired or internally generated, are available to support the value of the goodwill. In 2017, the Company elected to early-adopt ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , which simplifies subsequent goodwill measurement by eliminating step two from the goodwill impairment test. Given the uncertainty regarding the ultimate financial impact of the COVID-19 pandemic and the ensuing economic recovery, there can be no assurance that the estimates and assumptions made for purposes of the Company’s goodwill impairment analysis in 2022 will prove to be accurate predictions of the future. If the Company’s assumptions, including forecasted EBITDA of certain reporting units, are not achieved, or its assumptions regarding disruptions caused by the pandemic, and its impact on the recovery from COVID-19 change, then the Company may be required to record goodwill impairment charges in future periods, whether in connection with the next annual impairment testing in the third quarter of 2023, or on an interim basis, if any such change constitutes a triggering event (as defined under ASC 350, Intangibles-Goodwill and Other ) outside of the quarter when the Company regularly performs its annual goodwill impairment test. It is not possible at this time to determine if any such future impairment charge would result or, if it does, whether such charge would be material. There was no change in the carrying amount of goodwill from January 1, 2021 through September 30, 2022. See “Critical Accounting Policies, Significant Judgements and Estimates" in Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2021 for further information regarding the process and assumptions used in the goodwill impairment analysis. Long-lived and Other Intangible Assets The Company periodically assesses potential impairments of its long-lived assets in accordance with the provisions of ASC 360, Accounting for the Impairment or Disposal of Long-lived Assets . An impairment review is performed whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. The Company groups its assets at the lowest level for which identifiable cash flows are largely independent of the cash flows of the other assets and liabilities. The Company has determined that the lowest level for which identifiable cash flows are available is the regional level, which is the operating segment level. Factors considered by the Company include, but are not limited to, significant underperformance relative to historical or projected operating results; significant changes in the manner of use of the acquired assets or the strategy for the overall business; and significant negative industry or economic trends. When the carrying value of a long-lived asset may not be recoverable based upon the existence of one or more of the above indicators of impairment, the Company estimates the future undiscounted cash flows expected to result from the use of the asset and its eventual disposition. If the sum of the expected future undiscounted cash flows and eventual disposition is less than the carrying amount of the asset, the Company recognizes an impairment loss. An impairment loss is reflected as the amount by which the carrying amount of the asset exceeds the fair value of the asset, based on the fair value if available, or discounted cash flows, if fair value is not available. The Company assessed potential impairments of its long-lived assets as of September 30, 2022 and concluded that there was no impairment. Other intangible assets that have finite lives are amortized over their useful lives. Customer relationships are amortized using the accelerated method, based on customer attrition rates, over their estimated useful lives of 13 (weighted average) years. The following table sets forth the Company’s other intangible assets resulting from business acquisitions as of September 30, 2022 and December 31, 2021 which continue to be amortized: September 30, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Amortizable other intangible assets Customer relationships $ 98,955 $ 98,942 $ 13 $ 99,446 $ 99,371 $ 75 Trade names and trademarks 20,259 20,060 199 20,344 20,094 250 $ 119,214 $ 119,002 $ 212 $ 119,790 $ 119,465 $ 325 Estimated future amortization expense of other intangible assets for the remainder of the 2022 fiscal year, and each of the subsequent four fiscal years and thereafter, are as follows: 2022 (excluding the nine months ended September 30, 2022) $ 10 2023 41 2024 39 2025 35 2026 34 Thereafter 53 $ 212

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On a quarterly basis, the Company estimates its effective tax rate for the full fiscal year and records a quarterly income tax provision based on the anticipated annual effective rate and the recognition of any discrete items within the quarter. The Company recorded an income tax provision of $1.6 million and $4.4 million in relation to pretax income of $5.3 million and $13.1 million, respectively for the three and nine months ended September 30, 2022, which resulted in an effective income tax rate of 29.9% and 33.5%, respectively, primarily impacted by state taxes, non-deductible compensation, certain stock-based compensation and other non-deductible expenses. The Company recorded an income tax provision of $1.3 million and $2.9 million in relation to pretax income of $4.4 million and $9.2 million, respectively, for the three and nine months ended September 30, 2021, which resulted in an effective income tax rate of 29.3% and 32.2%, respectively, primarily impacted by certain stock-based compensation, changes in valuation allowances against certain deferred tax assets and non-deductible expenses. In accordance with ASC 740-10, Income Taxes , the Company evaluates the need for deferred tax asset valuation allowances based on a more likely than not standard. The ability to realize deferred tax assets depends on the ability to generate sufficient taxable income within the carryback or carryforward periods provided for in the tax law for each applicable tax jurisdiction. The Company considers the following possible sources of taxable income when assessing the realization of deferred tax assets: • Future reversals of existing taxable temporary differences; • Future taxable income exclusive of reversing temporary differences and carryforwards; • Taxable income in prior carryback years; and • Tax-planning strategies. The assessment regarding whether a valuation allowance is required or should be adjusted also considers all available positive and negative evidence factors, including but not limited to: • Nature, frequency, and severity of recent losses; • Duration of statutory carryforward periods; • Historical experience with tax attributes expiring unused; and • Near- and medium-term financial outlook. The Company utilizes a rolling three years of actual and current year anticipated results as the primary measure of cumulative income/losses in recent years, as adjusted for permanent differences. The evaluation of deferred tax assets requires judgment in

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following: September 30, 2022 December 31, 2021 Revolving Loans; 4.3% and 1.7% interest rate at September 30, 2022 and December 31, 2021 $ 42,500 $ 46,250 Various finance leases; weighted average interest rate of 4.8% and 4.7% at September 30, 2022 and December 31, 2021, respectively; principal and interest payable monthly through March 2028 26,342 31,992 68,842 78,242 Less current portion (11,611) (13,816) $ 57,231 $ 64,426 Credit Agreement On April 22, 2021, the Company entered into a Credit Agreement with U.S. Bank National Association, as administrative agent and the lender party thereto (the "2021 Credit Agreement"). The 2021 Credit Agreement provides for the extension of revolving loans in an aggregate principal amount not to exceed $70 million and replaces the Credit Agreement dated as of November 20, 2014, as amended (the "2014 Credit Agreement"). The 2021 Credit Agreement features terms similar to the 2014 Credit Agreement, including the ability to use excess cash of up to $15 million per year for restricted payments such as share repurchases and dividends. The obligation under the 2021 Credit Agreement matures on April 22, 2026. As of September 30, 2022, the Company's borrowing availability under the revolving loan commitment was $25.3 million, after deducting outstanding letters of credit of $2.2 million and outstanding revolving loans of $42.5 million. Loans borrowed under the 2021 Credit Agreement bear interest, in the case of LIBOR loans, at a per annum rate equal to the applicable LIBOR (which rate shall not be less than zero), plus a margin ranging from 1.25% to 1.75%, based on the Company’s Total Leverage Ratio (as defined in the 2021 Credit Agreement). Loans borrowed under the 2021 Credit Agreement that are not LIBOR loans bear interest at a per annum rate (which rate shall not be less than zero) equal to (i) the greatest of (A) the Federal Funds Rate plus 0.50%, (B) the one month LIBOR rate plus 1.00%, per annum, and (C) the rate of interest announced, from time to time, by U.S. Bank National Association as its “prime rate,” plus (ii) a margin ranging from 0.25% to 0.75%, based on the Company’s Total Leverage Ratio. As of September 30, 2022, LIBOR loans borrowed under the 2021 Credit Agreement accrued interest at 4.3%. The Company pays certain recurring fees with respect to the 2021 Credit Agreement, including administration fees to the administrative agent. Subject to certain exceptions, including, in certain circumstances, reinvestment rights, the loans extended under the Credit Agreement are subject to customary mandatory prepayment provisions with respect to: the net proceeds from certain asset sales; the net proceeds from certain issuances or incurrences of debt (other than debt permitted to be incurred under the terms of the 2021 Credit Agreement); the net proceeds from certain issuances of equity securities; and net proceeds of certain insurance recoveries and condemnation events of the Company. The 2021 Credit Agreement contains customary representations and warranties, subject to limitations and exceptions, and customary covenants restricting the ability (subject to various exceptions) of the Company and its subsidiaries to: incur additional indebtedness (including guarantee obligations); incur liens; sell certain property or assets; engage in mergers or other fundamental changes; consummate acquisitions; make investments; make certain distributions or repurchase equity interest of the Company or its subsidiaries; change the nature of their business; prepay or amend certain indebtedness; engage in certain transactions with affiliates; amend their organizational documents; or enter into certain restrictive agreements. In addition, the 2021 Credit Agreement contains financial covenants which requires the Company to maintain (i) at all times, a Total Leverage Ratio in an amount not to exceed 2.75 to 1.00; and (ii) a Fixed Charge Coverage Ratio (as defined in the 2021 Credit Agreement), as of the last day of each fiscal quarter, an amount not less than 1.15 to 1.00. ARC was in compliance with its covenants as of September 30, 2022. The 2021 Credit Agreement also includes certain tests the Company is required to meet in order to pay dividends, repurchase stock and make other restricted payments. In order to make such payments which are permitted subject to certain customary conditions set forth in the 2021 Credit Agreement, the amount of all such payments will be limited to $15 million during any twelve-month period. When calculating the fixed charge coverage ratio, the Company may exclude up to $10 million of such restricted payments that would otherwise constitute fixed charges in any twelve-month period. The 2021 Credit Agreement allows for payment of dividends. In July 2022, the Company's board of directors declared a quarterly cash dividend of $0.05 per share that is payable on November 30, 2022 to shareholders of record as of October 31, 2022. Accordingly, the Company recorded a dividend payable of $2.1 million within accrued expenses as of September 30, 2022. The 2021 Credit Agreement contains customary events of default, including with respect to: nonpayment of principal, interest, fees or other amounts; failure to perform or observe covenants; material inaccuracy of a representation or warranty when made; cross-default to other material indebtedness; bankruptcy, insolvency and dissolution events; inability to pay debts; monetary judgment defaults; actual or asserted invalidity or impairment of any definitive loan documentation, repudiation of guaranties or subordination terms; certain ERISA related events; or a change of control. The obligations of the Company’s subsidiary that is the borrower under the 2021 Credit Agreement are guaranteed by the Company and each of the Company's other United States subsidiaries. The 2021 Credit Agreement and any interest rate protection and other hedging arrangements provided by any lender party to the credit facility or any affiliate of such a lender are secured on a first priority basis by a perfected security interest in substantially all of the borrower’s, the Company’s and each guarantor’s assets (subject to certain exceptions).

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Leases. The Company leases machinery, equipment, and office and operational facilities under non-cancelable operating lease agreements used in the ordinary course of business. Certain lease agreements for the Company's facilities generally contain renewal options and provide for annual increases in rent based on the local Consumer Price Index. Refer to Note 7, Leasing, on the Company's Annual Report on Form 10-K for the year ended December 31, 2021 a schedule of the Company's future minimum operating lease payments. Legal Proceedings. The Company is involved, and will continue to be involved, in legal proceedings arising out of the conduct of the Company's business, including commercial and employment-related lawsuits. Some of these lawsuits purport or may be determined to be class actions and seek substantial damages, and some may remain unresolved for several years. The Company establishes accruals for specific legal proceedings when it is considered probable that a loss has been incurred and the amount of the loss can be reasonably estimated. The Company's evaluation of whether a loss is reasonably probable is based on the Company's assessment and consultation with legal counsel regarding the ultimate outcome of the matter. As of September 30, 2022, the Company has accrued for the potential impact of loss contingencies that are probable and reasonably estimable. The Company does not currently believe that the ultimate resolution of any of these matters will have a material adverse effect on its results of operations, financial condition, or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material adverse effect on the Company's results of operations, financial condition, or cash flows. Environmental Matters. The Company has accrued liabilities for environmental assessment and remediation matters relating to operations at certain locations conducted in the past by predecessor companies that do not relate to ARC's current operations. The Company has accrued these liabilities because it is probable that a loss or cost will be incurred and the amount of loss or cost can be reasonably estimated. These estimates could change as a result of changes in planned remedial actions, remediation technologies, site conditions, the estimated time to complete remediation, environmental laws and regulations, and other factors. Because of the uncertainties associated with environmental assessment and remediation activities, the Company's future expenses relating to these matters could be higher than the liabilities it has accrued. Based upon current information, the Company believes that the impact of the resolution of these matters would not be, individually or in the aggregate, material to its financial position, results of operations or cash flows.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation On April 29, 2021, the Company's shareholders approved the Company's 2021 Incentive Plan, replacing the 2014 Stock Incentive Plan, as amended, which is the only equity incentive plan under which the Company can currently grant equity incentive awards. The 2021 Incentive Plan provides for the grant of incentive and non-statutory stock options, stock appreciation rights, restricted stock, restricted stock units, stock bonuses and other forms of awards granted or denominated in the Company's common stock or units of the Company's common stock, as well as cash bonus awards, to employees, directors and consultants of the Company. The Company is authorized to issue up to 3.5 million shares plus such additional number of shares of common stock (up to 6,132,593 shares) as is equal to the number of shares of common stock subject to awards granted under the 2014 Incentive Plan and the Company's 2005 Stock Plan, which awards expire, terminate or are otherwise surrendered, cancelled, forfeited or repurchased by the Company pursuant to a contractual repurchase right. As of September 30, 2022, 1.4 million shares remained available for issuance under the 2021 Incentive Plan. Stock options granted under the Company's stock plan generally expire no later than ten years from the date of grant. Options generally vest and become fully exercisable over a period of three During the nine months ended September 30, 2022, the Company granted options to acquire a total of 1.7 million shares of the Company's common stock to certain key employees with an exercise price equal to the fair market value of the Company’s common stock on the date of grant. These stock options vest annually over three years to four years from the grant date and expire 10 years after the date of grant. During the nine months ended September 30, 2022, the Company granted 0.1 million shares of restricted stock awards to certain key employees with a deemed issuance price per share equal to the closing price of the Company's common stock on the date the restricted stock was granted. These restricted stock awards vest annually over three years from the grant date. In addition, the Company granted approximately 16 thousand shares of restricted stock awards to each of the Company's three non-employee members of its board of directors with a deemed issuance price per share equal to the closing price of the Company's common stock on the date the restricted stock was granted. Stock-based compensation expense was $0.4 million and $1.3 million for the three and nine months ended September 30, 2022, respectively, compared to stock-based compensation expense of $0.5 million and $1.2 million for the three and nine months ended September 30, 2021, respectively. As of September 30, 2022, total unrecognized compensation cost related to unvested stock-based payments totaled $3.1 million and is expected to be recognized over a weighted-average period of approximately 2.1 years.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements In accordance with ASC 820, Fair Value Measurement , the Company has categorized its assets and liabilities that are measured at fair value into a three-level fair value hierarchy. If the inputs used to measure fair value fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement. The three levels of the hierarchy are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. As of September 30, 2022, the Company's assets and liabilities that are measured at fair value were not material. Fair Values of Financial Instruments. The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments for disclosure purposes: Cash equivalents: Cash equivalents are time deposits with maturity of three months or less when purchased, which are highly liquid and readily convertible to cash. Cash equivalents reported in the Company’s interim Condensed Consolidated Balance Sheet were $1.8 million as of September 30, 2022 and $13.8 million as of December 31, 2021 and are carried at cost and approximate fair value due to the relatively short period to maturity of these instruments. Short and long-term debt: The carrying amount of the Company’s finance leases reported in the interim Condensed Consolidated Balance Sheets approximates fair value based on the Company’s current incremental borrowing rate for similar types of borrowing arrangements. The carrying amount reported in the Company’s interim Condensed Consolidated Balance Sheet as of September 30, 2022 for borrowings under its 2021 Credit Agreement is $42.5 million. The Company has determined, utilizing observable market quotes, that the fair value of borrowings under its 2021 Credit Agreement is $42.5 million as of September 30, 2022.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim Condensed Consolidated Financial Statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in conformity with the requirements of the U.S. Securities and Exchange Commission ("SEC"). As permitted under those rules, certain footnotes or other financial information required by GAAP for complete financial statements have been condensed or omitted. In management’s opinion, the accompanying interim Condensed Consolidated Financial Statements reflect all adjustments of a normal and recurring nature that are necessary to fairly present the interim Condensed Consolidated Financial Statements. All intercompany accounts and transactions have been eliminated in consolidation. The operating results for the three and nine months ended September 30, 2022, are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the interim Condensed Consolidated Financial Statements and accompanying notes. The Company evaluates its estimates and assumptions on an ongoing basis and relies on historical experience and various other factors that it believes to be reasonable under the circumstances to determine such estimates. Actual results could differ from those estimates and such differences may be material to the interim Condensed Consolidated Financial Statements. These interim Condensed Consolidated Financial Statements and accompanying notes should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
Noncontrolling Interest	Noncontrolling Interest The Company accounted for its investment in UNIS Document Solutions Co. Ltd., ("UDS") under the purchase method of accounting, in accordance with ASC 805, Business Combinations
Revenue Recognition	Revenue RecognitionRevenue is recognized when control of the promised goods or services is transferred to ARC's customers, in an amount that reflects the consideration it expects to be entitled to in exchange for those goods or services. Digital Printing consists of professional services and software services to (i) reproduce and distribute large-format and small-format documents in either black and white or color (“Ordered Prints”) and (ii) specialized graphic color printing. Substantially all of the Company’s revenue from Digital Printing comes from professional services to reproduce Ordered Prints. Sales of Ordered Prints are initiated through a customer order or quote and are governed by established terms and conditions agreed upon at the onset of the customer relationship. Revenue is recognized when the performance obligation under the terms of a contract with a customer are satisfied, which generally occurs with the transfer of control of the Ordered Prints. Transfer of control occurs at a specific point in time, when the Ordered Prints are delivered to the customer’s site or handed to the customer for walk-in orders. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Taxes collected concurrent with revenue-producing activities are excluded from revenue. MPS consists of placement, management, and optimization of print and imaging equipment in customers' offices, job sites, and other facilities. MPS relieves the Company’s customers of the burden of purchasing print equipment and related supplies and maintaining print devices and print networks, and it shifts their costs to a “per-use” basis. MPS is supported by the Company's hosted proprietary technology, Abacus ® , which allows customers to capture, control, manage, print, and account for their documents. Under its MPS contracts, the Company is paid a fixed rate per unit for each print produced (per-use), often referred to as a “click charge”. MPS sales are driven by the ongoing print needs of the Company’s customers at their facilities. Upon the issuance of Accounting Standards Codification ("ASC") 842, Leases, the Company concluded that certain of its MPS arrangements, which had previously been accounted for as service revenue under ASC 606, Revenue from Contracts with Customers, are accounted for as operating leases under ASC 842. Scanning and Digital Imaging combines software and professional services to facilitate the capture, management, access and retrieval of documents and information that have been produced in the past. Scanning and Digital Imaging includes the Company's hosted SKYSITE ® software and ARC Facilities solution to organize, search and retrieve documents, as well as the provision of services that include the capture and conversion of hardcopy and electronic documents into digital files (“Scanned Documents”), and their cloud-based storage and maintenance. Sales of Scanning and Digital Imaging professional services, which represent substantially all revenue for the business line, are initiated through a customer order or proposal and are governed by established terms and conditions agreed upon at the onset of the customer relationship. Revenue is recognized when the performance obligation under the terms of a contract with a customer are satisfied; generally, this occurs with the transfer of control of the digital files. Transfer of control occurs at a specific point-in-time, when the Scanned Documents are delivered to the customer either through SKYSITE, ARC Facilities, or through other electronic media. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Taxes collected concurrent with revenue-producing activities are excluded from revenue. Equipment and Supplies sales consist of reselling printing, imaging, and related equipment (“Goods”) to customers primarily in architectural, engineering and construction firms. Sales of Equipment and Supplies are initiated through a customer order and are governed by established terms and conditions agreed upon at the onset of the customer relationship. Revenue is recognized when the performance obligations under the terms of a contract with a customer are satisfied; generally, this occurs with the transfer of control of the Goods. Transfer of control occurs at a specific point-in-time, when the Goods are delivered to the customer’s site. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Taxes collected concurrent with revenue-producing activities are excluded from
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments - Credit Loss (Topic 326) (“ASU 2016-13”), which updates the guidance on recognition and measurement of credit losses for financial assets. The new requirements, known as the current expected credit loss model ("CECL") will require entities to adopt an impairment model based on expected losses rather than incurred losses. ASU 2016-13 must be adopted on a modified-retrospective approach. This update was effective for fiscal years beginning after December 15, 2020 including interim periods within those fiscal years. In October 2019, the FASB approved an extension for all non-SEC filers, including small reporting companies, to extend the effective date to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Therefore, the effective date for this update will be January 1, 2023. The Company is currently evaluating the potential impact of the adoption of the new standard on its consolidated statements of financial condition and results of operations, but does not currently expect a material impact on the Company's consolidated financial statements.
Segment Reporting	Segment Reporting The provisions of ASC 280, Segment Reporting , require public companies to report financial and descriptive information about their reportable operating segments. The Company identifies operating segments based on the various business activities that earn revenue and incur expense and whose operating results are reviewed by the Company's Chief Executive Officer, who is the Company's chief operating decision maker. Because its operating segments have similar products and services, classes of customers, production processes, distribution methods and economic characteristics, the Company operates as a single reportable segment.
Risk and Uncertainties	Risk and Uncertainties The Company generates a significant portion of its revenue from sales of services and products to customers in the architectural, engineering, construction and building owner/operator ("AEC/O") industry. As a result, the Company's results largely depend on the strength of that industry. The Company's historical operating results reflect the cyclical and variable nature of the AEC/O industry. ARC believes that the AEC/O industry generally experiences downturns several months after a downturn in the general economy, and that there may be a similar delay in the recovery of the AEC/O industry following a recovery of the general economy. A downturn in the AEC/O industry would diminish demand for all of the Company's products and services, and would therefore negatively affect the Company's revenues and have a material adverse effect on the Company's business, operating results and financial condition. As part of the Company’s growth strategy, ARC intends to continue to offer and grow a variety of service offerings that are relatively new to the company. The success of the Company's efforts will be affected by its ability to acquire new customers for the Company's new service offerings as well as sell the new service offerings to existing customers. The Company’s inability to successfully market and execute these relatively new service offerings could significantly affect its business and reduce its long term revenue, resulting in an adverse effect on its results of operations and financial condition.
Earnings Per Share	The Company accounts for earnings per share in accordance with ASC 260, Earnings Per Share.
Goodwill	Goodwill In accordance with ASC 350, Intangibles - Goodwill and Other , the Company assesses goodwill for impairment annually as of September 30, and more frequently if events and circumstances indicate that goodwill might be impaired. At September 30, 2022, the Company performed its annual assessment and determined that goodwill was not impaired. Goodwill impairment testing is performed at the reporting unit level. Goodwill is assigned to reporting units at the date the goodwill is initially recorded. Once goodwill has been assigned to reporting units, it no longer retains its association with a particular acquisition, and all of the activities within a reporting unit, whether acquired or internally generated, are available to support the value of the goodwill. In 2017, the Company elected to early-adopt ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , which simplifies subsequent goodwill measurement by eliminating step two from the goodwill impairment test. Given the uncertainty regarding the ultimate financial impact of the COVID-19 pandemic and the ensuing economic recovery, there can be no assurance that the estimates and assumptions made for purposes of the Company’s goodwill impairment analysis in 2022 will prove to be accurate predictions of the future. If the Company’s assumptions, including forecasted EBITDA of certain reporting units, are not achieved, or its assumptions regarding disruptions caused by the pandemic, and its impact on the recovery from COVID-19 change, then the Company may be required to record goodwill impairment charges in future periods, whether in connection with the next annual impairment testing in the third quarter of 2023, or on an interim basis, if any such change constitutes a triggering event (as defined under ASC 350, Intangibles-Goodwill and Other
Long-Lived Assets	Long-lived and Other Intangible Assets The Company periodically assesses potential impairments of its long-lived assets in accordance with the provisions of ASC 360, Accounting for the Impairment or Disposal of Long-lived Assets . An impairment review is performed whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. The Company groups its assets at the lowest level for which identifiable cash flows are largely independent of the cash flows of the other assets and liabilities. The Company has determined that the lowest level for which identifiable cash flows are available is the regional level, which is the operating segment level.
Other Intangible Assets	Other intangible assets that have finite lives are amortized over their useful lives. Customer relationships are amortized using the accelerated method, based on customer attrition rates, over their estimated useful lives of 13 (weighted average) years.
Fair Value Measurements	Fair Value Measurements In accordance with ASC 820, Fair Value Measurement , the Company has categorized its assets and liabilities that are measured at fair value into a three-level fair value hierarchy. If the inputs used to measure fair value fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement. The three levels of the hierarchy are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

Description of Business and B_3

Description of Business and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Schedule of Net Sales of Principal Services and Products	Net sales of the Company’s principal services and products were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Service Sales Digital Printing $ 44,654 $ 44,890 $ 132,766 $ 125,413 MPS (1) 19,415 18,497 57,317 53,837 Scanning and Digital Imaging 4,779 4,073 13,268 10,382 Total services sales $ 68,848 $ 67,460 $ 203,351 $ 189,632 Equipment and Supplies Sales 4,288 4,972 13,837 13,329 Total net sales $ 73,136 $ 72,432 $ 217,188 $ 202,961 (1) MPS includes $17.9 million of rental income and $1.5 million of service income for the three months ended September 30, 2022 and $52.9 million of rental income and $4.4 million of service income for the nine months ended September 30, 2022. MPS includes $17.1 million of rental income and $1.4 million of service income for the three months ended September 30, 2021 and $49.3 million of rental income and $4.5 million of service income for the nine months ended September 30, 2021.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	Basic and diluted weighted average common shares outstanding were calculated as follows for the three and nine months ended September 30, 2022 and 2021: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Weighted average common shares outstanding during the period—basic 42,283 42,073 42,209 42,213 Effect of dilutive stock awards 673 651 1,205 416 Weighted average common shares outstanding during the period—diluted 42,956 42,724 43,414 42,629

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets Resulting from Business Acquisitions	The following table sets forth the Company’s other intangible assets resulting from business acquisitions as of September 30, 2022 and December 31, 2021 which continue to be amortized: September 30, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Amortizable other intangible assets Customer relationships $ 98,955 $ 98,942 $ 13 $ 99,446 $ 99,371 $ 75 Trade names and trademarks 20,259 20,060 199 20,344 20,094 250 $ 119,214 $ 119,002 $ 212 $ 119,790 $ 119,465 $ 325
Schedule of Estimated Future Amortization Expense of Amortizable Intangible Assets	Estimated future amortization expense of other intangible assets for the remainder of the 2022 fiscal year, and each of the subsequent four fiscal years and thereafter, are as follows: 2022 (excluding the nine months ended September 30, 2022) $ 10 2023 41 2024 39 2025 35 2026 34 Thereafter 53 $ 212

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following: September 30, 2022 December 31, 2021 Revolving Loans; 4.3% and 1.7% interest rate at September 30, 2022 and December 31, 2021 $ 42,500 $ 46,250 Various finance leases; weighted average interest rate of 4.8% and 4.7% at September 30, 2022 and December 31, 2021, respectively; principal and interest payable monthly through March 2028 26,342 31,992 68,842 78,242 Less current portion (11,611) (13,816) $ 57,231 $ 64,426

Description of Business and B_4

Description of Business and Basis of Presentation - Narrative (Details) - USD ($) $ in Millions	1 Months Ended
	May 31, 2022	Sep. 30, 2022
Noncontrolling Interest [Line Items]
Joint venture, capital cash distribution	$ 11.2
Proceeds from capital cash distribution	7.3
Decrease of noncontrolling interest	3.9
Co-venturer
Noncontrolling Interest [Line Items]
Proceeds from capital cash distribution	$ 3.9
Chinese Joint Venture
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners	35%	35%
Noncontrolling interest ownership percentage parent	65%

Description of Business and B_5

Description of Business and Basis of Presentation - Schedule of Net Sales by Principal Services and Products (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Total net sales	$ 73,136	$ 72,432	$ 217,188	$ 202,961
Service Sales
Segment Reporting Information [Line Items]
Total net sales	68,848	67,460	203,351	189,632
Digital Printing
Segment Reporting Information [Line Items]
Total net sales	44,654	44,890	132,766	125,413
MPS
Segment Reporting Information [Line Items]
Total net sales	19,415	18,497	57,317	53,837
Rental income	17,900	17,100	52,900	49,300
Service income	1,500	1,400	4,400	4,500
Scanning and Digital Imaging
Segment Reporting Information [Line Items]
Total net sales	4,779	4,073	13,268	10,382
Equipment and Supplies Sales
Segment Reporting Information [Line Items]
Total net sales	$ 4,288	$ 4,972	$ 13,837	$ 13,329

Earnings per Share - Narrative

Earnings per Share - Narrative (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Common stock options excluded for anti-dilutive (in shares)	3.8	4.4	3.1	4.6

Earnings per Share - Basic and

Earnings per Share - Basic and Diluted Weighted Average Common Shares Outstanding (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Weighted average common shares outstanding during the period—basic (in shares)	42,283	42,073	42,209	42,213
Effect of dilutive stock awards (in shares)	673	651	1,205	416
Weighted average common shares outstanding during the period—diluted (in shares)	42,956	42,724	43,414	42,629

Goodwill and Other Intangible_2

Goodwill and Other Intangibles - Narrative (Details) - USD ($)	9 Months Ended		21 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment	$ 0
Change of goodwill during period			$ 0
Impairment of long lived assets		$ 0
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated period for amortization (in years)	13 years

Goodwill and Other Intangible_3

Goodwill and Other Intangibles - Schedule of Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 119,214	$ 119,790
Accumulated Amortization	119,002	119,465
Net Carrying Amount	212	325
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	98,955	99,446
Accumulated Amortization	98,942	99,371
Net Carrying Amount	13	75
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	20,259	20,344
Accumulated Amortization	20,060	20,094
Net Carrying Amount	$ 199	$ 250

Goodwill and Other Intangible_4

Goodwill and Other Intangibles - Estimated Future Amortization Expense of Amortizable Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (excluding the nine months ended September 30, 2022)	$ 10
2023	41
2024	39
2025	35
2026	34
Thereafter	53
Net Carrying Amount	$ 212	$ 325

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax provision	$ 1,577	$ 1,298	$ 4,376	$ 2,949
Income before income tax provision	$ 5,283	$ 4,435	$ 13,064	$ 9,166
Effective income tax rate reconciliation, percent	29.90%	29.30%	33.50%	32.20%
Deferred tax assets, net of valuation allowance, current	$ 2,400		$ 2,400

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Various finance leases; weighted average interest rate of 4.8% and 4.7% at September 30, 2022 and December 31, 2021, respectively; principal and interest payable monthly through March 2028	$ 26,342	$ 31,992
Long-term debt and finance leases, including current maturities	68,842	78,242
Less current portion	(11,611)	(13,816)
Long-term debt and finance leases	$ 57,231	$ 64,426
Weighted average discount rate, finance leases	4.80%	4.70%
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Revolving Loans; 4.3% and 1.7% interest rate at September 30, 2022 and December 31, 2021	$ 42,500	$ 46,250
Interest rate, effective percentage		1.70%

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details)		1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 22, 2021 USD ($)	Jul. 31, 2022 $ / shares	Sep. 30, 2022 USD ($) $ / shares	Sep. 30, 2021 $ / shares	Sep. 30, 2022 USD ($) $ / shares	Sep. 30, 2021 $ / shares	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Quarterly cash dividends declared (in usd per share) | $ / shares		$ 0.05	$ 0.05	$ 0.02	$ 0.05	$ 0.02
Dividends payable			$ 2,100,000		$ 2,100,000
2021 Credit Agreement
Debt Instrument [Line Items]
Debt instrument covenant terms, measurement period					12 months
Revolving Credit Facility | 2021 Credit Agreement
Debt Instrument [Line Items]
Letters of credit outstanding, amount			2,200,000		$ 2,200,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Long-term debt			42,500,000		42,500,000		$ 46,250,000
Interest rate, effective percentage							1.70%
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 70,000,000
Cash advances limit with restricted use	15,000,000
Line of credit available borrowing capacity			25,300,000		25,300,000
Long-term debt			$ 42,500,000		$ 42,500,000
Covenant term, total leverage ratio					2.75
Fixed charged coverage ratio					1.15
Debt covenant terms, fixed charge coverage ratio, maximum annual payments	15,000,000
Debt covenant terms, fixed charge coverage ratio, restricted payments excluded	$ 10,000,000
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1%
Interest rate, effective percentage			4.30%		4.30%
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement | Minimum | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.25%
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement | Maximum | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.75%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) nonEmployee shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) nonEmployee shares	Sep. 30, 2021 USD ($)	Apr. 29, 2021 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance (in shares)	1,400,000		1,400,000
Number of non employee members of board of directors | nonEmployee	3		3
Share-based compensation expense | $	$ 0.4	$ 0.5	$ 1.3	$ 1.2
Total unrecognized compensation cost related to unvested stock-based payments | $	$ 3.1		$ 3.1
Expected weighted-average period to recognize compensation cost (in years)			2 years 1 month 6 days
Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)			1,700,000
Share-based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option expiration period (in years)			10 years
Exercise price of options, percentage of fair market value of Company's common stock			100%
Share-based Payment Arrangement, Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			3 years
Share-based Payment Arrangement, Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			4 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)			3 years
Restricted Stock | Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			100,000
Restricted Stock | Non-employee members of board of directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			16,000
2021 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)					3,500,000
2014 Inventive Plan And 2005 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)					6,132,593

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Cash and cash equivalents	$ 1.8	$ 13.8
Term Loan | Line of Credit
Debt Instrument [Line Items]
Long-term debt	42.5
Fair value of borrowings	$ 42.5