Arc Document Solutions (ARC) 10-K 29 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 16, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 117,924,128
Entity Common Stock, Shares Outstanding		42,765,875
Documents Incorporated by Reference	Portions of the Registrant’s Definitive Proxy Statement on Schedule 14A for its 2024 Annual Meeting of Stockholders, to be filed with the Securities and Exchange Commission, are incorporated by reference in this Annual Report on Form 10-K in Part III as indicated therein.
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0001305168

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	Crowe LLP
Auditor Location	San Francisco, California
Auditor Firm ID	173

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 56,093	$ 52,561
Accounts receivable, net of allowances for credit losses of $1,857 and $1,947	35,775	38,748
Inventory	8,818	8,610
Prepaid expenses	3,988	4,018
Other current assets	3,978	3,540
Total current assets	108,652	107,477
Property and equipment, net of accumulated depreciation of $229,122 and $231,913	40,925	40,214
Right-of-use assets from operating leases	32,838	28,163
Goodwill	121,051	121,051
Other intangible assets, net	162	208
Deferred income taxes, net	4,383	7,993
Other assets	2,113	2,209
Total assets	310,124	307,315
Current liabilities:
Accounts payable	24,175	22,972
Accrued payroll and payroll-related expenses	9,401	11,235
Accrued expenses	18,787	16,882
Current operating lease liabilities	9,924	9,924
Current portion of finance leases	8,870	11,558
Total current liabilities	71,157	72,571
Long-term operating lease liabilities	27,357	23,339
Long-term debt and finance leases	53,366	54,916
Deferred income taxes	52	0
Other long-term liabilities	2,467	199
Total liabilities	154,399	151,025
Commitments and contingencies (Note 6)
ARC Document Solutions, Inc. stockholders’ 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; 52,526 and 51,400 shares issued and 42,783 and 43,101 shares outstanding	52	51
Additional paid-in capital	136,460	132,952
Retained earnings	44,144	44,416
Accumulated other comprehensive loss	(4,200)	(4,187)
Total stockholders equity before adjustment of treasury stock	176,456	173,232
Less cost of common stock in treasury, 9,743 and 8,299 shares	22,390	18,877
Total ARC Document Solutions, Inc. stockholders’ equity	154,066	154,355
Noncontrolling interest	1,659	1,935
Total equity	155,725	156,290
Total liabilities and equity	$ 310,124	$ 307,315

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 1,857	$ 1,947
Accumulated depreciation	$ 229,122	$ 231,913
Preferred stock, par value (in dollars 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 dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	52,526,000	51,400,000
Common stock, shares outstanding (in shares)	42,783,000	43,101,000
Treasury stock, shares (in shares)	9,743,000	8,299,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Total net sales	$ 281,201	$ 286,010
Cost of sales	186,800	190,013
Gross profit	94,401	95,997
Selling, general and administrative expenses	76,333	77,544
Amortization of intangible assets	41	97
Site remediation expense	4,000	0
Income from operations	14,027	18,356
Other income, net	(67)	(62)
Interest expense, net	1,633	1,796
Income before income tax provision	12,461	16,622
Income tax provision	4,387	5,832
Net income	8,074	10,790
Loss attributable to noncontrolling interest	161	304
Net income attributable to ARC Document Solutions, Inc. stockholders	$ 8,235	$ 11,094
Earnings per share attributable to ARC Document Solutions, Inc. stockholders:
Basic (in dollars per share)	$ 0.19	$ 0.26
Diluted (in dollars per share)	$ 0.19	$ 0.26
Weighted average common shares outstanding:
Basic (in shares)	42,543	42,214
Diluted (in shares)	43,484	43,280
Service sales
Total net sales	$ 265,160	$ 267,891
Equipment and Supplies sales
Total net sales	$ 16,041	$ 18,119

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 8,074	$ 10,790
Other comprehensive loss, net of tax
Foreign currency translation adjustments, net of tax	(128)	(2,104)
Other comprehensive loss, net of tax	(128)	(2,104)
Comprehensive income	7,946	8,686
Comprehensive loss attributable to noncontrolling interest	(276)	(722)
Comprehensive income attributable to ARC Document Solutions, Inc. stockholders	$ 8,222	$ 9,408

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Common Stock in Treasury	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2021		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	$ 1,773		1,773
Issuance of common stock under Employee Stock Purchase Plan (in shares)	45	45
Issuance of common stock under Employee Stock Purchase Plan	$ 98		98
Stock options exercised (in shares)	618	619
Stock options exercised	$ 1,201	$ 1	1,200
Treasury shares	(2,106)					(2,106)
Cash dividends - common stock	(8,446)			(8,446)
Distribution to noncontrolling interest	(3,908)						(3,908)
Comprehensive income (loss)	$ 8,686			11,094	(1,686)		(722)
Ending balance (in shares) at Dec. 31, 2022	51,400	51,400
Ending balance at Dec. 31, 2022	$ 156,290	$ 51	132,952	44,416	(4,187)	(18,877)	1,935
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (in shares)		270
Stock-based compensation	$ 2,232		2,232
Issuance of common stock under Employee Stock Purchase Plan (in shares)	50	51
Issuance of common stock under Employee Stock Purchase Plan	$ 133		133
Stock options exercised (in shares)	805	805
Stock options exercised	$ 1,144	$ 1	1,143
Treasury shares	(3,513)					(3,513)
Cash dividends - common stock	(8,507)			(8,507)
Comprehensive income (loss)	$ 7,946			8,235	(13)		(276)
Ending balance (in shares) at Dec. 31, 2023	52,526	52,526
Ending balance at Dec. 31, 2023	$ 155,725	$ 52	$ 136,460	$ 44,144	$ (4,200)	$ (22,390)	$ 1,659

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	1 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in usd per share)	$ 0.05	$ 0.20	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net income	$ 8,074	$ 10,790
Adjustments to reconcile net income to net cash provided by operating activities:
Allowance for credit losses	351	320
Depreciation	17,592	20,328
Amortization of intangible assets	41	97
Amortization of deferred financing costs	67	61
Stock-based compensation	2,232	1,773
Deferred income taxes	5,016	4,927
Deferred tax valuation allowance	(1,326)	264
Other non-cash items, net	(262)	(205)
Changes in operating assets and liabilities:
Accounts receivable	2,783	(195)
Inventory	(243)	62
Prepaid expenses and other assets	9,391	9,746
Accounts payable and accrued expenses	(7,133)	(10,741)
Net cash provided by operating activities	36,583	37,227
Cash flows from investing activities
Capital expenditures	(10,752)	(5,881)
Other	363	307
Net cash used in investing activities	(10,389)	(5,574)
Cash flows from financing activities
Proceeds from stock option exercises	1,144	1,201
Proceeds from issuance of common stock under Employee Stock Purchase Plan	133	98
Share repurchases	(3,513)	(2,106)
Distribution to noncontrolling interest	0	(3,908)
Payments on long-term debt agreements and finance leases	(11,860)	(14,736)
Borrowings under revolving credit facilities	162,000	154,000
Payments under revolving credit facilities	(162,000)	(160,250)
Payment of deferred financing costs	(23)	(6)
Dividends paid	(8,518)	(8,448)
Net cash used in financing activities	(22,637)	(34,155)
Effect of foreign currency translation on cash balances	(25)	(866)
Net change in cash and cash equivalents	3,532	(3,368)
Cash and cash equivalents at beginning of period	52,561	55,929
Cash and cash equivalents at end of period	56,093	52,561
Supplemental disclosure of cash flow information:
Cash paid for interest	1,715	1,837
Income taxes paid, net	903	167
Noncash financing activities:
Finance lease obligations incurred	7,764	9,482
Operating lease obligations incurred	14,478	8,687
Declared unpaid dividends	$ 2,144	$ 2,106

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION ARC Document Solutions Inc. is a digital printing company. We provide 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 Consolidated Financial Statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the 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 Consolidated Financial Statements. 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 expand the market and industries it services and increase sales of a variety of service offerings that utilize ARC's existing production methods and infrastructure, but 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 to 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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash Equivalents Cash equivalents include demand deposits and short-term investments with a maturity of three months or less when purchased. The Company maintains its cash deposits at numerous banks located throughout the United States, Canada, India, United Arab Emirates, the United Kingdom and China, which at times, may exceed federally insured limits. UNIS Document Solutions, Co. Ltd., ("UDS"), the Company’s joint venture in China, held $2.6 million and $3.2 million of the Company’s cash and cash equivalents as of December 31, 2023 and 2022, respectively. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk on cash and cash equivalents. Concentrations of Credit Risk and Significant Vendors Concentrations of credit risk with respect to trade receivables are limited due to a large, diverse customer base. No individual customer represented more than 2.5% of net sales during 2023 and 2022. The Company has geographic concentration risk as sales in California, as a percent of total sales, were approximately 30% and 31% for 2023 and 2022, respectively. The Company contracts with various suppliers. Although there are a limited number of suppliers that could supply the Company’s inventory, management believes any shortfalls from existing suppliers could be absorbed by its existing suppliers or from other suppliers on comparable terms. However, a change in suppliers could cause a delay in sales and adversely affect results. Purchases from the Company’s three largest vendors during 2023 and 2022 comprised approximately 35% of the Company’s total purchases of inventory and supplies. Allowance for Credit Losses The Company performs periodic credit evaluations of the financial condition of its customers, monitors collections and payments from customers, and generally does not require collateral. The Company provides for the possible inability to collect accounts receivable by recording an allowance for credit losses. The Company writes off accounts receivable balances when it is considered uncollectible. The Company estimates the allowance for credit losses based on historical experience, aging of accounts receivable, and information regarding the credit worthiness of its customers. Additionally, the Company provides an allowance for returns and discounts based on historical experience. The allowance for credit losses activity was as follows: Balance at Charges to Deductions (1) Balance at Year ended December 31, 2023 Allowance for credit losses $ 1,947 $ 351 $ (441) $ 1,857 Year ended December 31, 2022 Allowance for credit losses $ 2,104 $ 320 $ (477) $ 1,947 (1) Deductions represent uncollectible accounts written-off net of recoveries. Inventories Inventories are valued at the lower of cost (determined on a first-in, first-out basis; or average cost) or net realizable value. Inventories primarily consist of materials for use and resale in digital printing, and equipment for resale. On an ongoing basis, inventories are reviewed and adjusted for estimated obsolescence or unmarketable inventories to reflect the lower of cost or net realizable value. Charges to write-down inventory to realizable value are recorded as an increase in cost of sales. Income Taxes Deferred tax assets and liabilities reflect temporary differences between the amount of assets and liabilities for financial and tax reporting purposes. Such amounts are adjusted, as appropriate, to reflect changes in tax rates expected to be in effect when the temporary differences reverse. A valuation allowance is recorded to reduce the Company's deferred tax assets to the amount that is more likely than not to be realized. Changes in tax laws or accounting standards and methods may affect recorded deferred taxes in future periods. When establishing a valuation allowance, the Company considers future sources of taxable income such as future reversals of existing taxable temporary differences, future taxable income exclusive of reversing temporary differences and carryforwards and tax planning strategies. A tax planning strategy is an action that: is prudent and feasible; an enterprise ordinarily might not take but would take to prevent an operating loss or tax credit carryforward from expiring unused; and would result in realization of deferred tax assets. In the event the Company determines that its deferred tax assets, more likely than not, will not be realized in the future, the valuation adjustment to the deferred tax assets will be charged to earnings in the period in which the Company makes such a determination. The Company has a $1.3 million valuation allowance against certain deferred tax assets as of December 31, 2023. In future quarters the Company will continue to evaluate its historical results for the preceding twelve quarters and our future projections to determine whether this will generate sufficient taxable income to utilize the Company's deferred tax assets, and whether a valuation allowance is required. The Company calculates current and deferred tax provision based on estimates and assumptions that could differ from the actual results reflected in income tax returns filed in subsequent years. Adjustments based on filed returns are recorded when identified. Income taxes have not been provided on certain undistributed earnings of foreign subsidiaries because such earnings are considered to be permanently reinvested. The amount of taxable income or loss we report to the various tax jurisdictions is subject to ongoing audits by federal, state and foreign tax authorities. The Company estimate of the potential outcome of any uncertain tax issue is subject to management’s assessment of relevant risks, facts, and circumstances existing at that time. The Company uses a more-likely-than-not threshold for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. The Company records a liability for the difference between the benefit recognized and measured and tax position taken or expected to be taken on its tax return. To the extent that the Company's assessment of such tax positions changes, the change in estimate is recorded in the period in which the determination is made. The Company will not report tax-related interest and penalties as a component of income tax expense. Property and Equipment, net Property and equipment are stated at cost and are depreciated using the straight-line method over their estimated useful lives, as follows: Buildings 10-20 years Leasehold improvements 10-20 years or lease term, if shorter Machinery and equipment 3-7 years Furniture and fixtures 3-7 years Assets acquired under capital lease arrangements are included in machinery and equipment, are recorded at the present value of the minimum lease payments, and are depreciated using the straight-line method over the life of the asset or term of the lease, whichever is shorter. Expenses for repairs and maintenance are charged to expense as incurred, while renewals and betterments are capitalized. Gains or losses on the sale or disposal of property and equipment are reflected in operating income. The Company accounts for software costs developed for internal use in accordance with ASC 350-40, Intangibles – Goodwill and Other - Internal-Use Software, which requires companies to capitalize certain qualifying costs incurred during the application development stage of the related software development project. The primary use of this software is for internal use and, accordingly, such capitalized software development costs are depreciated on a straight-line basis over the economic lives of the related products not to exceed three years. The Company’s machinery and equipment (see Note 4, Property and Equipment, Net ) includes $1.9 million and $1.7 million of capitalized software development costs as of December 31, 2023 and 2022, net of accumulated amortization of $24.2 million and $23.3 million as of December 31, 2023 and 2022, respectively. Depreciation expense includes the amortization of capitalized software development costs which amounted to $0.9 million and $1.0 million, during the years ended December 31, 2023 and 2022, respectively. Software development costs for software to be sold, leased, or otherwise marketed are expensed as incurred until the establishment of technological feasibility, at which time those costs are capitalized until the product is available for general release to customers and amortized over the estimated life of the product. Technological feasibility is established upon the completion of a working prototype that has been certified as having no critical bugs and is a release candidate. To date, costs and time incurred between the establishment of technological feasibility and product release have not been material, and all software development costs have been charged to research and development expense in our consolidated statements of comprehensive income (loss). Impairment of Long-Lived 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 had no long-lived asset impairments in 2023 or 2022. Goodwill and Other Intangible Assets 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. 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 which simplifies subsequent goodwill measurement by eliminating step two from the goodwill impairment test. The Company determines the fair value of its reporting units using an income approach. Under the income approach, the Company determined fair value based on estimated discounted future cash flows of each reporting unit. Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates and EBITDA margins, discount rates and future market conditions, among others. The level of judgement and estimation is inherently higher in these uncertain economic times. 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. Deferred Financing Costs Direct costs incurred in connection with debt agreements are recorded as incurred and amortized based on the effective interest method for the Company's borrowings under its credit agreement with U.S. Bank National Association, dated April 22, 2021 (the "2021 Credit Agreement"), as amended on June 15, 2023. At December 31, 2023 and 2022, the Company had $0.2 million in unamortized deferred financing costs. Fair Values of Financial Instruments The carrying amounts of the Company’s financial instruments, including cash equivalents, short-term investments, accounts receivable, and accounts payable approximate their fair values due to their short maturities. Refer to Note 11, Fair Value Measurements , in Notes to Consolidated Financial Statements for disclosures regarding fair value measurements in accordance with the authoritative guidance for fair value measurements and disclosures. Insurance Liability The Company maintains a high deductible insurance policy for a significant portion of its risks and associated liabilities with respect to workers’ compensation. The Company’s deductible is $250 thousand per individual. The accrued liabilities associated with this program are based on the Company’s estimate of the ultimate costs to settle known claims, as well as claims incurred but not yet reported to the Company, as of the balance sheet date. The Company’s estimated liability is not discounted and is based upon an actuarial report obtained from a third party. The actuarial report uses information provided by the Company’s insurance brokers and insurers, combined with the Company’s judgments regarding a number of assumptions and factors, including the frequency and severity of claims, claims development history, case jurisdiction, applicable legislation, and the Company’s claims settlement practices. Commitments and Contingencies In the normal course of business, the Company estimates potential future loss accruals related to legal, workers’ compensation, tax and other contingencies. These accruals require management’s judgment on the outcome of various events based on the best available information. However, due to changes in facts and circumstances, the ultimate outcomes could differ from management’s estimates. Site Remediation Obligation - The Company is currently involved in a site remediation obligation due to a former gas station that had been situated on a property the Company obtained as part of a business acquisition in the late 1990s. The Company has accrued estimates of the probable and reasonably estimable costs for the resolution of the obligation based upon types of remediation efforts currently anticipated, the volume of contaminants in the impacted areas, regulatory oversight and other costs. The Company's current estimates of future environmental cleanup and remediation liabilities related to the site may change over time due to various factors, including but not limited to, the nature and extent of required future cleanup and removal activities, and the extent and duration of regulatory oversight, among other things. The final outcome of any regulatory inquiries and requirements cannot be predicted with certainty, and unfavorable or unexpected outcomes could result in additional costs that could be material to the Company's results of operations during any particular year of the remediation process. See Note 6, Commitments and Contingencies - Site Remediation Obligation within Part IV, Item 15 - "Exhibits and Financial Statement Schedule” of this Annual Report on Form 10-K , for further discussion on this site remediation obligation. Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to the Company's customers, in an amount that reflects the consideration that the Company is expected to be entitled to in exchange for those goods or services. The Company applied practical expedients related to unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed. Net sales of the Company’s principal services and products were as follows: Year Ended December 31, 2023 2022 Service Sales Digital Printing $ 170,083 $ 174,752 MPS 74,764 75,782 Scanning and Digital Imaging 20,313 17,357 Total services sales 265,160 267,891 Equipment and Supplies Sales 16,041 18,119 Total net sales $ 281,201 $ 286,010 Digital Printing consists of professional services and software services to (i) re-produce 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 re-produce 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; generally, this occurs with the transfer of control of the re-produced 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 the 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 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 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. The pattern of revenue recognition for the Company's MPS revenue has remained substantially unchanged following the adoption of ASC 842. See Note 7, Leasing, for additional information. 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 we expect 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. The Company has established contractual pricing for certain large national customer accounts (“Global Solutions”). These contracts generally establish uniform pricing at all operating segments for Global Solutions. Revenues earned from the Company’s Global Solutions are recognized in the same manner as non-Global Solutions revenues. Included in revenues are fees charged to customers for shipping, handling, and delivery services. Such revenues amounted to $11.0 million and $11.3 million for 2023 and 2022, respectively. Revenues from hosted software licensing activities are recognized ratably over the term of the license. Revenues from software licensing activities comprise less than 2.5% of the Company’s consolidated revenues during the years ended December 31, 2023 and 2022. Management provides for returns, discounts and allowances based on historic experience and adjusts such allowances as considered necessary. Comprehensive Income (Loss) The Company’s comprehensive income (loss) includes foreign currency translation adjustments, net of taxes. Asset and liability accounts of international operations are translated into the Company’s functional currency, U.S. dollars, at current rates. Revenues and expenses are translated at the average currency rate for the fiscal year. Segment and Geographic 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. The Company recognizes revenues in geographic areas based on the location to which the product was shipped or services have been rendered. See table below for revenues and property and equipment, net, attributable to the Company’s U.S. operations and foreign operations. Year Ended December 31, 2023 2022 U.S. Foreign Total U.S. Foreign Total Revenues from external customers $ 247,474 $ 33,727 $ 281,201 $ 254,559 $ 31,451 $ 286,010 Property and equipment, net $ 35,868 $ 5,057 $ 40,925 $ 34,595 $ 5,619 $ 40,214 Advertising and Shipping and Handling Costs Advertising costs are expensed as incurred and approximated $0.7 million during 2023 and 2022. Shipping and handling costs incurred by the Company are included in cost of sales. Stock-Based Compensation The Company applies the Black-Scholes valuation model in determining the fair value of share-based payments to employees, which is then amortized on a straight-line basis over the requisite service period. Total stock-based compensation for 2023 and 2022, was $2.2 million and $1.8 million, respectively, and was recorded in selling, general, and administrative expenses, consistent with the classification of the underlying salaries. In accordance with ASC 718, Income Taxes , any excess tax benefit resulting from stock-based compensation, in the Consolidated Statements of Cash Flows, are classified along with other income tax cash flows as an operating activity. The weighted average fair value at the grant date for options issued in 2023 and 2022, was $1.28 and $0.96, respectively. The fair value of each option grant was estimated on the date of grant using the Black-Scholes option-pricing model using the following weighted average assumptions for 2023 and 2022: Year Ended December 31, 2023 2022 Weighted average assumptions used: Risk free interest rate 3.7 % 2.1 % Expected volatility 63.0 % 56.4 % Expected dividend yield 6.4 % 6.2 % Using historical exercise data as a basis, the Company determined that the expected term for stock options issued in 2023 and 2022, was and 7.2 years and 6.7 years, respectively. For fiscal years 2023 and 2022, expected stock price volatility is based on the Company’s historical volatility for a period equal to the expected term. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant with an equivalent remaining term . The Company accounts for forfeitures of share-based awards when they occur. As of December 31, 2023, total unrecognized stock-based compensation expense related to nonvested stock-based compensation was approximately $2.7 million, which is expected to be recognized over a weighted average period of approximately 1.7 years. For additional information, see Note 9, Employee Stock Purchase Plan and Stock Plan. Research and Development Expenses Research and development activities relate to costs associated with the design and testing of new technology or enhancements and maintenance to existing technology. Such costs are expensed as incurred are primarily recorded to cost of sales. In total, research and development amounted to $6.2 million and $6.5 million, during 2023 and 2022, respectively. Noncontrolling Interest The Company accounted for its investment in 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, is reflected on the Company’s 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 in 2022. Sales Taxes The Company bills sales taxes, as applicable, to its customers. The Company acts as an agent and bills, collects, and remits the sales tax to the proper government jurisdiction. The sales taxes are accounted for on a net basis, and therefore are not included as part of the Company’s revenue. 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 common shares 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 common shares that would have been outstanding if common shares subject to outstanding options and acquisition rights had been issued and if the additional common shares were dilutive. Common share equivalents are excluded from the computation if their effect is anti-dilutive. There were 4.1 million and 3.2 million common shares excluded from the calculation of diluted net income attributable to ARC per common share as their effect would have been anti-dilutive for 2023 and 2022, respectively. 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 2023 and 2022: Year Ended December 31, 2023 2022 Weighted average common shares outstanding during the period — basic 42,543 42,214 Effect of dilutive stock awards 941 1,066 Weighted average common shares outstanding during the period — diluted 43,484 43,280 Recently Adopted Accounting Pronouncements 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 was January 1, 2023. The implementation of CECL did not have a material impact on the Company's consolidated statements of financial condition and results of operations. Recent Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose specific tax rate reconciliation categories, as well as income taxes paid disaggregated by jurisdiction, amongst other disclosure enhancements. The ASU is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The ASU can be adopted on a prospective or retrospective basis. The Company is evaluating the disclosure requirements related to the new standard.

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	12 Months Ended
	Dec. 31, 2023
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, 2023, the Company performed its 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. There can be no assurance that the estimates and assumptions made for purposes of the Company's goodwill impairment analysis in 2023 will prove to be accurate predictions of the future. If the Company’s assumptions, including forecasted EBITDA of certain reporting units, are not achieved, then the Company may be required to record goodwill impairment charges in future periods, whether in connection with the Company’s next annual impairment testing in the third quarter of 2024, 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. The carrying amount of goodwill from January 1, 2022 through December 31, 2023 is summarized as follows: Gross Accumulated Net January 1, 2022 $ 405,558 $ 284,507 $ 121,051 December 31, 2022 $ 405,558 $ 284,507 $ 121,051 December 31, 2023 $ 405,558 $ 284,507 $ 121,051 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, 2023 and concluded that there was no impairment. The following table sets forth the Company’s other intangible assets resulting from business acquisitions as of December 31, 2023 and 2022 which continue to be amortized: December 31, 2023 December 31, 2022 Gross Accumulated Net Gross Accumulated Net Amortizable other intangible assets Customer relationships $ 99,185 $ 99,178 $ 7 $ 99,087 $ 99,073 $ 14 Trade names and trademarks 20,262 20,107 155 20,281 20,087 194 $ 119,447 $ 119,285 $ 162 $ 119,368 $ 119,160 $ 208 Estimated future amortization expense of other intangible assets for each of the next five fiscal years and thereafter are as follows: 2024 $ 39 2025 35 2026 34 2027 34 2028 20 Thereafter — $ 162

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	PROPERTY AND EQUIPMENT, NET Property and equipment, net consist of the following: December 31, 2023 2022 Machinery and equipment $ 245,802 $ 246,262 Buildings and leasehold improvements 21,374 23,128 Furniture and fixtures 2,871 2,737 270,047 272,127 Less accumulated depreciation (229,122) (231,913) $ 40,925 $ 40,214 Depreciation expense was $17.6 million and $20.3 million for 2023 and 2022, respectively.

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of the following: December 31, 2023 2022 Revolving Loans; 6.8% and 5.6% interest rate at December 31, 2023 and 2022, respectively 40,000 40,000 Various finance leases; weighted average interest rate of 5.5% and 5.1% at December 31, 2023 and 2022, respectively; principal and interest payable monthly through November 2029 22,236 26,474 62,236 66,474 Less current portion (8,870) (11,558) $ 53,366 $ 54,916 Credit Agreement On June 15, 2023, the Company entered into an amendment (the "Amendment") to its Credit Agreement dated as of April 22, 2021 (the "2021 Credit Agreement") with U.S. Bank National Association, as administrative agent and the lenders part thereto. The Amendment, among other things, modifies certain terms of the 2021 Credit Agreement to replace the relevant benchmark provisions from the London Interbank Offered Rate to the forward-looking term rate based on the Secured Overnight Financing Rate ("SOFR"). The Amendment also modifies certain terms of the 2021 Credit Agreement relating to the payment of dividends and stock repurchases by the Company and the related component calculations included in the fixed charge coverage ratio that the Company is required to maintain. After giving effect to the Amendment, the Company is permitted to repurchase up to $10 million of its stock in any twelve-month period and all such permitted stock repurchases will be excluded from the calculation of the fixed charge coverage ratio. In addition, the Company is permitted to make other restricted payments that are not stock repurchases, such as the payment of dividends, of up to $12 million made during any twelve-month period which will be excluded from the calculation of the fixed charge coverage ratio. The making of stock repurchases and the payment of dividends and other restricted payments is subject, in each case, to pro forma compliance with the financial covenants and other customary conditions set forth in 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 obligation under the 2021 Credit Agreement matures on April 22, 2026. As of December 31, 2023, the Company's borrowing availability of Revolving Loans under the Revolving Loan commitment was $27.8 million, after deducting outstanding letters of credit of $2.2 million and outstanding Revolving Loans of $40.0 million. Loans borrowed under the 2021 Credit Agreement bear interest, in the case of Term SOFR loans, at a per annum rate equal to the applicable Term SOFR (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 Term SOFR loans bear interest at a per annum rate equal to the Alternate Base Rate (as such terms is defined in the 2021 Credit Agreement) plus a margin ranging from 0.25% to 0.75%, based on the Company’s Total Leverage Ratio. As of December 31, 2023, one month Term SOFR loans borrowed under the 2021 Credit Agreement accrued interest at 6.8%. 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. The Company was in compliance with its covenants during the year ended December 31, 2023. The 2021 Credit Agreement allows for payment of dividends. In December 2023, the Company's Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock that is payable on February 29, 2024 to stockholders of record as of January 31, 2024. Accordingly, the Company recorded a dividend payable of $2.1 million within accrued expenses as of December 31, 2023. 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	12 Months Ended
	Dec. 31, 2023
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. 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, for the schedule of the Company’s future minimum operating lease payments as of December 31, 2023. Legal Proceedings . The Company is involved, and will continue to be involved, in legal proceedings arising out of the conduct of our 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 our assessment and consultation with legal counsel regarding the ultimate outcome of the matter. As of December 31, 2023, 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 our 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 our results of operations, financial condition, or cash flows. Site Remediation Obligation. As part of a business acquisition in the 1990’s, the Company purchased a site located in California where a former commercial gas station had operated from 1939 until approximately 1986. Prior to the Company's acquisition, the gas station was demolished and its underground storage tanks were removed. Environmental monitoring of the property was conducted from 1987 through 2017 under the oversight of the local County's Department of Environmental Health ("CDEH") and it eventually revealed petroleum products in the soil, groundwater, and the air in between soil particles. As a result, a Corrective Action Implementation Plan ("CAIP") detailing remedial clean-up methods at the site was required to be submitted in 2020. Accordingly, the Company recorded a liability on an undiscounted basis of $0.6 million in 2020, the estimated cost, to remediate the site. The 2020 CAIP was approved by the CDEH, but based on additional site data, the department requested a submission of addenda to the CAIP to address other site conditions. The additional review conducted in the fourth quarter of 2023 identified certain potential risks arising out of a structure on a neighboring property. As a result, in December of 2023, the CDEH requested that an alternative remedial plan be developed and submitted by March 12, 2024, to address the structural aspects of the site. The Company is in the process of finalizing an alternative plan with the guidance and expertise of an environmental consulting firm engaged expressly for this purpose. The additional concerns identified in 2023 require that the new plan be designed in a way that is significantly more expensive than the original plan, is more complicated, and will result in a longer duration to remediate the site. The Company's Consolidated Balance Sheets include a liability on an undiscounted basis for the site remediation of $4.5 million as of December 31, 2023, of which $2.2 million is classified as a current liability, and $0.6 million as of December 31, 2022. As of December 31, 2023, the liability represents the Company's estimate of the probable cleanup, investigation, and remediation costs based on available information. The Company anticipates that most of this liability will be paid out over seven years, but some costs may be paid out over a longer period. As noted above, the estimate of the final remediation expenses may change over time because of the varying costs of currently available cleanup techniques, unpredictable contaminant reduction rates associated with available cleanup techniques, and the difficulty of determining in advance the nature and full extent of contamination. However, evolving statutory and regulatory standards, their interpretation, more vigorous enforcement policies of regulatory agencies, or stricter or different interpretations of existing statutory and regulatory standards, may require additional expenditures by the Company, which may be material. Accordingly, there can be no assurance that the Company will not incur significant additional environmental compliance costs in the future.

LEASING

LEASING	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
LEASING	LEASING Adoption of ASC Topic 842, Leases The Company accounts for leases under ASC 842, Leases. ASC 842 requires a dual approach for lessee accounting under which a lessee accounts for leases as finance leases or operating leases. Both finance leases and operating leases result in the lessee recognizing a Right of Use (ROU) asset and a corresponding lease liability. For finance leases the lessee recognizes interest expense and amortization of the ROU asset, and for operating leases the lessee will recognize a straight-line total lease expense. In addition, ASC 842 changes the definition of a lease, which resulted in changes to the classification of certain service contracts with customers to lease arrangements. The Company elected certain additional practical expedients permitted by the new guidance allowing the Company to carry forward historical accounting related to lease identification and classification for existing leases upon adoption. The Company elected, for its equipment asset classes, the practical expedient that allows lessees to treat the lease and non-lease components of leases as a single lease component. Leases with an initial term of 12 months or less are not recorded on the Company's consolidated balance sheet. Lessee Accounting The Company determines whether an arrangement is a lease at contract inception. The Company's material lease contracts are generally for real estate or print equipment, and the determination of whether such contracts contain leases generally does not require significant estimates or judgments. The Company’s leases that are classified as operating leases primarily consist of real estate leases. The Company’s real estate leases contain both lease and non-lease components, which are accounted for separately. The Company’s leases that are classified as finance leases primarily consist of print equipment. Certain print equipment leases have lease and non-lease components, which are accounted for as a single lease component as discussed above. Other than the election to treat the Company's fixed lease payment as a single lease component, the accounting for finance leases will remain unchanged under ASC 842. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU assets also include any lease payments made and are reduced by any lease incentives received. The lease terms range from one one The tables below present financial information associated with the Company's leases as of, and the years ended, December 31, 2023 and December 31, 2022. Classification December 31, 2023 December 31, 2022 Assets Operating lease assets Right-of-use assets from operating leases $ 32,838 $ 28,163 Finance lease assets Property and equipment 50,317 60,887 Less accumulated depreciation (31,139) (38,607) Property and equipment, net 19,178 22,280 Total lease assets $ 52,016 $ 50,443 Liabilities Current Operating Current portion of operating lease liabilities $ 9,924 $ 9,924 Finance Current portion of long-term finance leases 8,870 11,558 Long-term Operating Long-term portion of operating lease liabilities 27,357 23,339 Finance Long-term portion of finance leases 13,366 14,916 Total lease liabilities $ 59,517 $ 59,737 Classification Year Ended December 31, 2023 December 31, 2022 Operating lease cost Cost of sales $ 13,702 $ 12,940 Selling, general and administrative expenses 2,951 2,813 Total operating lease cost (1)(2) $ 16,653 $ 15,753 Finance lease cost Amortization of leased assets Cost of sales $ 10,313 $ 12,718 Selling, general and administrative expenses 560 461 Interest on lease liabilities Interest expense, net 1,429 1,447 Total finance lease cost 12,302 14,626 Total lease cost $ 28,955 $ 30,379 (1) Includes variable lease costs and short-term lease costs of $3,895 and $423, respectively for the year ended December 31, 2023. (2) Includes variable lease costs and short-term lease costs of $2,795 and $240, respectively for the year ended December 31, 2022. Maturity of lease liabilities (as of December 31, 2023) Operating Leases (1) (2) Finance Leases (3) 2024 $ 11,962 $ 9,883 2025 9,860 6,221 2026 7,789 4,625 2027 6,642 2,595 2028 4,283 1,015 Thereafter 2,345 36 Total 42,881 24,375 Less amount representing interest 5,600 2,139 Present value of lease liability $ 37,281 $ 22,236 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2023. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which expire through December 2028. The rental payments on these facilities amounted to $0.5 million during 2023. In the table above, annual rental payments of $0.6 million for related parties are included in 2024 through 2028. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. Maturity of lease liabilities (as of December 31, 2022) Operating Leases (1) (2) Finance Leases (3) 2023 $ 11,259 $ 12,510 2024 8,354 7,903 2025 6,437 4,393 2026 4,467 2,878 2027 3,836 1,022 Thereafter 2,983 4 Total 37,336 28,710 Less amount representing interest 4,073 2,236 Present value of lease liability $ 33,263 $ 26,474 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2022. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which were due to expire in December 2023 but were renewed for another five years in the second half of 2023. The rental payments on these facilities amounted to $0.5 million during 2022. In the table above, annual rental payments of $0.5 million for related parties are included in 2023. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. December 31, 2023 December 31, 2022 Weighted average remaining lease term (years) Operating leases 4.3 4.3 Finance leases 3.1 2.8 Weighted average discount rate Operating leases 6.2 % 5.2 % Finance leases 5.5 % 5.1 % Other information Year Ended December 31, 2023 Year Ended December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 14,997 $ 14,907 Operating cash flows from finance leases $ 1,424 $ 1,451 Financing cash flows from finance leases $ 11,860 $ 14,736 Lessor Accounting The Company concluded that certain of its contracts with customers contain leases under the new leasing standard and accordingly should be accounted for as operating leases upon adoption of ASC 842. Specifically, certain of the Company's MPS arrangements, which had previously been accounted for as service revenue under ASC 606, Revenue from Contracts with Customers, are now accounted for as operating leases under ASC 842. The Company's MPS arrangements consists of the placement, management, and optimization of print and imaging equipment in customers' offices, job sites, and other facilities under which the Company is paid a fixed rate per unit for each print produced (per-use), often referred to as a “click charge.” Accordingly, the fixed rate per unit charged to the customer covers the use of the equipment (i.e., the lease component), as well as the additional services performed by the Company as described above (i.e., the non-lease component). Certain of the Company's MPS contracts provide the customer the option to renew or terminate the agreement, which are considered when assessing the lease term. The Company elected the practical expedient to not separate certain lease and non-lease components related to its MPS arrangements, and accounts for the combined component under ASC 842. The pattern of revenue recognition for the Company's MPS revenue has remained substantially unchanged following the adoption of ASC 842. MPS revenue includes $68.8 million of rental income and $6.0 million of service income for the year ended December 31, 2023. MPS revenue includes $70.0 million of rental income and $5.8 million of service income for the year ended December 31, 2022. The Company's property and equipment, net of accumulated depreciation, includes approximately $20 million and $23 million of equipment subject to leases with customers under the Company's MPS arrangements for the years ended December 31, 2023 and December 31, 2022, respectively. Following termination of an MPS arrangement, the Company will place existing equipment at an alternate customer site pursuant to an MPS arrangement, at one of the Company's service centers, or dispose of the equipment.
LEASING	LEASING Adoption of ASC Topic 842, Leases The Company accounts for leases under ASC 842, Leases. ASC 842 requires a dual approach for lessee accounting under which a lessee accounts for leases as finance leases or operating leases. Both finance leases and operating leases result in the lessee recognizing a Right of Use (ROU) asset and a corresponding lease liability. For finance leases the lessee recognizes interest expense and amortization of the ROU asset, and for operating leases the lessee will recognize a straight-line total lease expense. In addition, ASC 842 changes the definition of a lease, which resulted in changes to the classification of certain service contracts with customers to lease arrangements. The Company elected certain additional practical expedients permitted by the new guidance allowing the Company to carry forward historical accounting related to lease identification and classification for existing leases upon adoption. The Company elected, for its equipment asset classes, the practical expedient that allows lessees to treat the lease and non-lease components of leases as a single lease component. Leases with an initial term of 12 months or less are not recorded on the Company's consolidated balance sheet. Lessee Accounting The Company determines whether an arrangement is a lease at contract inception. The Company's material lease contracts are generally for real estate or print equipment, and the determination of whether such contracts contain leases generally does not require significant estimates or judgments. The Company’s leases that are classified as operating leases primarily consist of real estate leases. The Company’s real estate leases contain both lease and non-lease components, which are accounted for separately. The Company’s leases that are classified as finance leases primarily consist of print equipment. Certain print equipment leases have lease and non-lease components, which are accounted for as a single lease component as discussed above. Other than the election to treat the Company's fixed lease payment as a single lease component, the accounting for finance leases will remain unchanged under ASC 842. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU assets also include any lease payments made and are reduced by any lease incentives received. The lease terms range from one one The tables below present financial information associated with the Company's leases as of, and the years ended, December 31, 2023 and December 31, 2022. Classification December 31, 2023 December 31, 2022 Assets Operating lease assets Right-of-use assets from operating leases $ 32,838 $ 28,163 Finance lease assets Property and equipment 50,317 60,887 Less accumulated depreciation (31,139) (38,607) Property and equipment, net 19,178 22,280 Total lease assets $ 52,016 $ 50,443 Liabilities Current Operating Current portion of operating lease liabilities $ 9,924 $ 9,924 Finance Current portion of long-term finance leases 8,870 11,558 Long-term Operating Long-term portion of operating lease liabilities 27,357 23,339 Finance Long-term portion of finance leases 13,366 14,916 Total lease liabilities $ 59,517 $ 59,737 Classification Year Ended December 31, 2023 December 31, 2022 Operating lease cost Cost of sales $ 13,702 $ 12,940 Selling, general and administrative expenses 2,951 2,813 Total operating lease cost (1)(2) $ 16,653 $ 15,753 Finance lease cost Amortization of leased assets Cost of sales $ 10,313 $ 12,718 Selling, general and administrative expenses 560 461 Interest on lease liabilities Interest expense, net 1,429 1,447 Total finance lease cost 12,302 14,626 Total lease cost $ 28,955 $ 30,379 (1) Includes variable lease costs and short-term lease costs of $3,895 and $423, respectively for the year ended December 31, 2023. (2) Includes variable lease costs and short-term lease costs of $2,795 and $240, respectively for the year ended December 31, 2022. Maturity of lease liabilities (as of December 31, 2023) Operating Leases (1) (2) Finance Leases (3) 2024 $ 11,962 $ 9,883 2025 9,860 6,221 2026 7,789 4,625 2027 6,642 2,595 2028 4,283 1,015 Thereafter 2,345 36 Total 42,881 24,375 Less amount representing interest 5,600 2,139 Present value of lease liability $ 37,281 $ 22,236 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2023. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which expire through December 2028. The rental payments on these facilities amounted to $0.5 million during 2023. In the table above, annual rental payments of $0.6 million for related parties are included in 2024 through 2028. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. Maturity of lease liabilities (as of December 31, 2022) Operating Leases (1) (2) Finance Leases (3) 2023 $ 11,259 $ 12,510 2024 8,354 7,903 2025 6,437 4,393 2026 4,467 2,878 2027 3,836 1,022 Thereafter 2,983 4 Total 37,336 28,710 Less amount representing interest 4,073 2,236 Present value of lease liability $ 33,263 $ 26,474 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2022. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which were due to expire in December 2023 but were renewed for another five years in the second half of 2023. The rental payments on these facilities amounted to $0.5 million during 2022. In the table above, annual rental payments of $0.5 million for related parties are included in 2023. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. December 31, 2023 December 31, 2022 Weighted average remaining lease term (years) Operating leases 4.3 4.3 Finance leases 3.1 2.8 Weighted average discount rate Operating leases 6.2 % 5.2 % Finance leases 5.5 % 5.1 % Other information Year Ended December 31, 2023 Year Ended December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 14,997 $ 14,907 Operating cash flows from finance leases $ 1,424 $ 1,451 Financing cash flows from finance leases $ 11,860 $ 14,736 Lessor Accounting The Company concluded that certain of its contracts with customers contain leases under the new leasing standard and accordingly should be accounted for as operating leases upon adoption of ASC 842. Specifically, certain of the Company's MPS arrangements, which had previously been accounted for as service revenue under ASC 606, Revenue from Contracts with Customers, are now accounted for as operating leases under ASC 842. The Company's MPS arrangements consists of the placement, management, and optimization of print and imaging equipment in customers' offices, job sites, and other facilities under which the Company is paid a fixed rate per unit for each print produced (per-use), often referred to as a “click charge.” Accordingly, the fixed rate per unit charged to the customer covers the use of the equipment (i.e., the lease component), as well as the additional services performed by the Company as described above (i.e., the non-lease component). Certain of the Company's MPS contracts provide the customer the option to renew or terminate the agreement, which are considered when assessing the lease term. The Company elected the practical expedient to not separate certain lease and non-lease components related to its MPS arrangements, and accounts for the combined component under ASC 842. The pattern of revenue recognition for the Company's MPS revenue has remained substantially unchanged following the adoption of ASC 842. MPS revenue includes $68.8 million of rental income and $6.0 million of service income for the year ended December 31, 2023. MPS revenue includes $70.0 million of rental income and $5.8 million of service income for the year ended December 31, 2022. The Company's property and equipment, net of accumulated depreciation, includes approximately $20 million and $23 million of equipment subject to leases with customers under the Company's MPS arrangements for the years ended December 31, 2023 and December 31, 2022, respectively. Following termination of an MPS arrangement, the Company will place existing equipment at an alternate customer site pursuant to an MPS arrangement, at one of the Company's service centers, or dispose of the equipment.
LEASING	LEASING Adoption of ASC Topic 842, Leases The Company accounts for leases under ASC 842, Leases. ASC 842 requires a dual approach for lessee accounting under which a lessee accounts for leases as finance leases or operating leases. Both finance leases and operating leases result in the lessee recognizing a Right of Use (ROU) asset and a corresponding lease liability. For finance leases the lessee recognizes interest expense and amortization of the ROU asset, and for operating leases the lessee will recognize a straight-line total lease expense. In addition, ASC 842 changes the definition of a lease, which resulted in changes to the classification of certain service contracts with customers to lease arrangements. The Company elected certain additional practical expedients permitted by the new guidance allowing the Company to carry forward historical accounting related to lease identification and classification for existing leases upon adoption. The Company elected, for its equipment asset classes, the practical expedient that allows lessees to treat the lease and non-lease components of leases as a single lease component. Leases with an initial term of 12 months or less are not recorded on the Company's consolidated balance sheet. Lessee Accounting The Company determines whether an arrangement is a lease at contract inception. The Company's material lease contracts are generally for real estate or print equipment, and the determination of whether such contracts contain leases generally does not require significant estimates or judgments. The Company’s leases that are classified as operating leases primarily consist of real estate leases. The Company’s real estate leases contain both lease and non-lease components, which are accounted for separately. The Company’s leases that are classified as finance leases primarily consist of print equipment. Certain print equipment leases have lease and non-lease components, which are accounted for as a single lease component as discussed above. Other than the election to treat the Company's fixed lease payment as a single lease component, the accounting for finance leases will remain unchanged under ASC 842. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU assets also include any lease payments made and are reduced by any lease incentives received. The lease terms range from one one The tables below present financial information associated with the Company's leases as of, and the years ended, December 31, 2023 and December 31, 2022. Classification December 31, 2023 December 31, 2022 Assets Operating lease assets Right-of-use assets from operating leases $ 32,838 $ 28,163 Finance lease assets Property and equipment 50,317 60,887 Less accumulated depreciation (31,139) (38,607) Property and equipment, net 19,178 22,280 Total lease assets $ 52,016 $ 50,443 Liabilities Current Operating Current portion of operating lease liabilities $ 9,924 $ 9,924 Finance Current portion of long-term finance leases 8,870 11,558 Long-term Operating Long-term portion of operating lease liabilities 27,357 23,339 Finance Long-term portion of finance leases 13,366 14,916 Total lease liabilities $ 59,517 $ 59,737 Classification Year Ended December 31, 2023 December 31, 2022 Operating lease cost Cost of sales $ 13,702 $ 12,940 Selling, general and administrative expenses 2,951 2,813 Total operating lease cost (1)(2) $ 16,653 $ 15,753 Finance lease cost Amortization of leased assets Cost of sales $ 10,313 $ 12,718 Selling, general and administrative expenses 560 461 Interest on lease liabilities Interest expense, net 1,429 1,447 Total finance lease cost 12,302 14,626 Total lease cost $ 28,955 $ 30,379 (1) Includes variable lease costs and short-term lease costs of $3,895 and $423, respectively for the year ended December 31, 2023. (2) Includes variable lease costs and short-term lease costs of $2,795 and $240, respectively for the year ended December 31, 2022. Maturity of lease liabilities (as of December 31, 2023) Operating Leases (1) (2) Finance Leases (3) 2024 $ 11,962 $ 9,883 2025 9,860 6,221 2026 7,789 4,625 2027 6,642 2,595 2028 4,283 1,015 Thereafter 2,345 36 Total 42,881 24,375 Less amount representing interest 5,600 2,139 Present value of lease liability $ 37,281 $ 22,236 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2023. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which expire through December 2028. The rental payments on these facilities amounted to $0.5 million during 2023. In the table above, annual rental payments of $0.6 million for related parties are included in 2024 through 2028. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. Maturity of lease liabilities (as of December 31, 2022) Operating Leases (1) (2) Finance Leases (3) 2023 $ 11,259 $ 12,510 2024 8,354 7,903 2025 6,437 4,393 2026 4,467 2,878 2027 3,836 1,022 Thereafter 2,983 4 Total 37,336 28,710 Less amount representing interest 4,073 2,236 Present value of lease liability $ 33,263 $ 26,474 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2022. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which were due to expire in December 2023 but were renewed for another five years in the second half of 2023. The rental payments on these facilities amounted to $0.5 million during 2022. In the table above, annual rental payments of $0.5 million for related parties are included in 2023. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. December 31, 2023 December 31, 2022 Weighted average remaining lease term (years) Operating leases 4.3 4.3 Finance leases 3.1 2.8 Weighted average discount rate Operating leases 6.2 % 5.2 % Finance leases 5.5 % 5.1 % Other information Year Ended December 31, 2023 Year Ended December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 14,997 $ 14,907 Operating cash flows from finance leases $ 1,424 $ 1,451 Financing cash flows from finance leases $ 11,860 $ 14,736 Lessor Accounting The Company concluded that certain of its contracts with customers contain leases under the new leasing standard and accordingly should be accounted for as operating leases upon adoption of ASC 842. Specifically, certain of the Company's MPS arrangements, which had previously been accounted for as service revenue under ASC 606, Revenue from Contracts with Customers, are now accounted for as operating leases under ASC 842. The Company's MPS arrangements consists of the placement, management, and optimization of print and imaging equipment in customers' offices, job sites, and other facilities under which the Company is paid a fixed rate per unit for each print produced (per-use), often referred to as a “click charge.” Accordingly, the fixed rate per unit charged to the customer covers the use of the equipment (i.e., the lease component), as well as the additional services performed by the Company as described above (i.e., the non-lease component). Certain of the Company's MPS contracts provide the customer the option to renew or terminate the agreement, which are considered when assessing the lease term. The Company elected the practical expedient to not separate certain lease and non-lease components related to its MPS arrangements, and accounts for the combined component under ASC 842. The pattern of revenue recognition for the Company's MPS revenue has remained substantially unchanged following the adoption of ASC 842. MPS revenue includes $68.8 million of rental income and $6.0 million of service income for the year ended December 31, 2023. MPS revenue includes $70.0 million of rental income and $5.8 million of service income for the year ended December 31, 2022. The Company's property and equipment, net of accumulated depreciation, includes approximately $20 million and $23 million of equipment subject to leases with customers under the Company's MPS arrangements for the years ended December 31, 2023 and December 31, 2022, respectively. Following termination of an MPS arrangement, the Company will place existing equipment at an alternate customer site pursuant to an MPS arrangement, at one of the Company's service centers, or dispose of the equipment.
LEASING	LEASING Adoption of ASC Topic 842, Leases The Company accounts for leases under ASC 842, Leases. ASC 842 requires a dual approach for lessee accounting under which a lessee accounts for leases as finance leases or operating leases. Both finance leases and operating leases result in the lessee recognizing a Right of Use (ROU) asset and a corresponding lease liability. For finance leases the lessee recognizes interest expense and amortization of the ROU asset, and for operating leases the lessee will recognize a straight-line total lease expense. In addition, ASC 842 changes the definition of a lease, which resulted in changes to the classification of certain service contracts with customers to lease arrangements. The Company elected certain additional practical expedients permitted by the new guidance allowing the Company to carry forward historical accounting related to lease identification and classification for existing leases upon adoption. The Company elected, for its equipment asset classes, the practical expedient that allows lessees to treat the lease and non-lease components of leases as a single lease component. Leases with an initial term of 12 months or less are not recorded on the Company's consolidated balance sheet. Lessee Accounting The Company determines whether an arrangement is a lease at contract inception. The Company's material lease contracts are generally for real estate or print equipment, and the determination of whether such contracts contain leases generally does not require significant estimates or judgments. The Company’s leases that are classified as operating leases primarily consist of real estate leases. The Company’s real estate leases contain both lease and non-lease components, which are accounted for separately. The Company’s leases that are classified as finance leases primarily consist of print equipment. Certain print equipment leases have lease and non-lease components, which are accounted for as a single lease component as discussed above. Other than the election to treat the Company's fixed lease payment as a single lease component, the accounting for finance leases will remain unchanged under ASC 842. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU assets also include any lease payments made and are reduced by any lease incentives received. The lease terms range from one one The tables below present financial information associated with the Company's leases as of, and the years ended, December 31, 2023 and December 31, 2022. Classification December 31, 2023 December 31, 2022 Assets Operating lease assets Right-of-use assets from operating leases $ 32,838 $ 28,163 Finance lease assets Property and equipment 50,317 60,887 Less accumulated depreciation (31,139) (38,607) Property and equipment, net 19,178 22,280 Total lease assets $ 52,016 $ 50,443 Liabilities Current Operating Current portion of operating lease liabilities $ 9,924 $ 9,924 Finance Current portion of long-term finance leases 8,870 11,558 Long-term Operating Long-term portion of operating lease liabilities 27,357 23,339 Finance Long-term portion of finance leases 13,366 14,916 Total lease liabilities $ 59,517 $ 59,737 Classification Year Ended December 31, 2023 December 31, 2022 Operating lease cost Cost of sales $ 13,702 $ 12,940 Selling, general and administrative expenses 2,951 2,813 Total operating lease cost (1)(2) $ 16,653 $ 15,753 Finance lease cost Amortization of leased assets Cost of sales $ 10,313 $ 12,718 Selling, general and administrative expenses 560 461 Interest on lease liabilities Interest expense, net 1,429 1,447 Total finance lease cost 12,302 14,626 Total lease cost $ 28,955 $ 30,379 (1) Includes variable lease costs and short-term lease costs of $3,895 and $423, respectively for the year ended December 31, 2023. (2) Includes variable lease costs and short-term lease costs of $2,795 and $240, respectively for the year ended December 31, 2022. Maturity of lease liabilities (as of December 31, 2023) Operating Leases (1) (2) Finance Leases (3) 2024 $ 11,962 $ 9,883 2025 9,860 6,221 2026 7,789 4,625 2027 6,642 2,595 2028 4,283 1,015 Thereafter 2,345 36 Total 42,881 24,375 Less amount representing interest 5,600 2,139 Present value of lease liability $ 37,281 $ 22,236 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2023. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which expire through December 2028. The rental payments on these facilities amounted to $0.5 million during 2023. In the table above, annual rental payments of $0.6 million for related parties are included in 2024 through 2028. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. Maturity of lease liabilities (as of December 31, 2022) Operating Leases (1) (2) Finance Leases (3) 2023 $ 11,259 $ 12,510 2024 8,354 7,903 2025 6,437 4,393 2026 4,467 2,878 2027 3,836 1,022 Thereafter 2,983 4 Total 37,336 28,710 Less amount representing interest 4,073 2,236 Present value of lease liability $ 33,263 $ 26,474 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2022. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which were due to expire in December 2023 but were renewed for another five years in the second half of 2023. The rental payments on these facilities amounted to $0.5 million during 2022. In the table above, annual rental payments of $0.5 million for related parties are included in 2023. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. December 31, 2023 December 31, 2022 Weighted average remaining lease term (years) Operating leases 4.3 4.3 Finance leases 3.1 2.8 Weighted average discount rate Operating leases 6.2 % 5.2 % Finance leases 5.5 % 5.1 % Other information Year Ended December 31, 2023 Year Ended December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 14,997 $ 14,907 Operating cash flows from finance leases $ 1,424 $ 1,451 Financing cash flows from finance leases $ 11,860 $ 14,736 Lessor Accounting The Company concluded that certain of its contracts with customers contain leases under the new leasing standard and accordingly should be accounted for as operating leases upon adoption of ASC 842. Specifically, certain of the Company's MPS arrangements, which had previously been accounted for as service revenue under ASC 606, Revenue from Contracts with Customers, are now accounted for as operating leases under ASC 842. The Company's MPS arrangements consists of the placement, management, and optimization of print and imaging equipment in customers' offices, job sites, and other facilities under which the Company is paid a fixed rate per unit for each print produced (per-use), often referred to as a “click charge.” Accordingly, the fixed rate per unit charged to the customer covers the use of the equipment (i.e., the lease component), as well as the additional services performed by the Company as described above (i.e., the non-lease component). Certain of the Company's MPS contracts provide the customer the option to renew or terminate the agreement, which are considered when assessing the lease term. The Company elected the practical expedient to not separate certain lease and non-lease components related to its MPS arrangements, and accounts for the combined component under ASC 842. The pattern of revenue recognition for the Company's MPS revenue has remained substantially unchanged following the adoption of ASC 842. MPS revenue includes $68.8 million of rental income and $6.0 million of service income for the year ended December 31, 2023. MPS revenue includes $70.0 million of rental income and $5.8 million of service income for the year ended December 31, 2022. The Company's property and equipment, net of accumulated depreciation, includes approximately $20 million and $23 million of equipment subject to leases with customers under the Company's MPS arrangements for the years ended December 31, 2023 and December 31, 2022, respectively. Following termination of an MPS arrangement, the Company will place existing equipment at an alternate customer site pursuant to an MPS arrangement, at one of the Company's service centers, or dispose of the equipment.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The following table includes the consolidated income tax provision for federal, state, and foreign income taxes related to the Company’s total earnings before taxes for 2023 and 2022: Year Ended December 31, 2023 2022 Current: Federal $ — $ — State 215 154 Foreign 481 487 696 641 Deferred: Federal 2,805 4,142 State 682 1,040 Foreign 204 9 3,691 5,191 Income tax provision $ 4,387 $ 5,832 The Company's foreign earnings before taxes were $2.0 million and $0.4 million for 2023 and 2022, respectively. The Company’s US earnings before taxes were $10.5 million and $16.2 million for 2023 and 2022, respectively. The consolidated deferred tax assets and liabilities consist of the following: December 31, 2023 2022 Deferred tax assets: Financial statement accruals not currently deductible $ 950 $ 985 Site remediation obligation 1,149 166 Accrued vacation 765 754 Accrued bonuses 543 914 Deferred revenue, net 21 37 Fixed assets 2,980 4,242 Right of use operating lease liabilities 9,600 8,494 Goodwill and other identifiable intangibles 1,541 745 Stock-based compensation 2,343 2,365 Federal tax net operating loss carryforward 11,990 14,593 State tax net operating loss carryforward, net 4,723 5,182 Foreign tax net operating loss carryforward 487 879 Tax credits, net 213 1,669 Gross deferred tax assets 37,305 41,025 Less: valuation allowance (1,313) (2,651) Net deferred tax assets $ 35,992 $ 38,374 Deferred tax liabilities: Goodwill and other identifiable intangibles $ (23,010) $ (23,197) Right of use operating lease assets (8,547) (7,184) Fixed assets (104) — Net deferred tax assets $ 4,331 $ 7,993 A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows: Year Ended December 31, 2023 2022 Statutory federal income tax rate 21 % 21 % State taxes, net of federal benefit 6 6 Foreign taxes 1 1 Valuation allowance (11) 1 Tax credits expired 12 — Global intangible low taxed income 1 — Section 162(m) limitation 3 2 Stock based compensation 1 3 Discrete items for federal, state and foreign taxes 1 1 Effective income tax rate 35 % 35 % 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 assessing the likely future tax consequences of events that have been recognized in the Company's financial statements or tax returns and future profitability. The Company's accounting for deferred tax consequences represents its best estimate of those future events. Changes in the Company's current estimates, due to unanticipated events or otherwise, could have a material effect on its financial condition and results of operations. The Company has a $1.3 million valuation allowance against certain deferred tax assets as of December 31, 2023. Based on the Company’s current assessment, the remaining net deferred tax assets as of December 31, 2023 are considered more likely than not to be realized. The valuation allowance of $1.3 million may be increased or reduced as conditions change or if the Company is unable to implement certain available tax planning strategies. The realization of the Company’s net deferred tax assets ultimately depends on future taxable income, reversals of existing taxable temporary differences or through a loss carry back. As of December 31, 2023, the Company had approximately $57.1 million of consolidated federal, $75.8 million of state and $2.9 million of foreign net operating loss carryforwards available to offset future taxable income, respectively. Certain federal net operating loss carryforwards will begin to expire in 2032. Certain state net operating loss carryforwards will begin to expire in 2024. The foreign net operating loss carryforwards begin to expire in 2024. As of December 31, 2023, the Company had approximately $0.2 million of foreign tax credit carryforwards which will expire in 2024. The Company and some of its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. The Company is not under examination in any U.S. federal, state or foreign jurisdiction. Due to net operating losses, substantially all the tax years from 2011 remain open to examination by the tax authorities.

EMPLOYEE STOCK PURCHASE PLAN AN

EMPLOYEE STOCK PURCHASE PLAN AND STOCK PLAN	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
EMPLOYEE STOCK PURCHASE PLAN AND STOCK PLAN	EMPLOYEE STOCK PURCHASE PLAN AND STOCK PLAN Employee Stock Purchase Plan Under the Company’s Employee Stock Purchase Plan (the “ESPP”) eligible employees may purchase up to a calendar year maximum per eligible employee of the lesser of (i) 2,500 shares of common stock, or (ii) a number of shares of common stock having an aggregate fair market value of $25 thousand as determined on the date of purchase at 85% of the fair market value of such shares of common stock on the applicable purchase date. The compensation expense in connection with the ESPP in 2023 and 2022, was $23 thousand and $17 thousand, respectively. Employees purchased the following shares in the periods presented: Year Ended December 31, 2023 2022 Shares purchased 50 45 Average price per share $ 2.64 $ 2.16 Stock Plan On April 29, 2021, the Company's stockholders 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. On April 26, 2023, the Company's stockholders approved an amendment to the 2021 Incentive Plan ("Amended 2021 Plan") to increase the aggregate number of equity incentive shares authorized for issuance by 5,000,000 shares of common stock. Under the Amended 2021 Plan, the Company is authorized to issue up to 8.5 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. At December 31, 2023, 5.1 million shares remain available for issuance under the Stock 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 2023 and 2022, the Company granted options to acquire a total of 1.1 million shares and 1.7 million shares, respectively, 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. The granted stock options vest annually over three The following is a further breakdown of the stock option activity under the Stock Plan: Shares Weighted Weighted Aggregate Outstanding at December 31, 2021 5,462 $ 3.56 Granted 1,658 $ 3.11 Exercised (618) $ 2.49 Forfeited/Canceled (533) $ 5.31 Outstanding at December 31, 2022 5,969 $ 3.39 Granted 1,096 $ 3.60 Exercised (805) $ 2.60 Forfeited/Canceled (82) $ 3.12 Outstanding at December 31, 2023 6,178 $ 3.54 5.99 $ 2,740 Vested or expected to vest at December 31, 2023 6,178 $ 3.54 5.99 $ 2,740 Exercisable at December 31, 2023 3,582 $ 3.80 4.26 $ 2,105 The aggregate intrinsic value in the table above represents the total pretax intrinsic value (the difference between the closing stock price on December 31, 2023 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all the option holders exercised their options on December 31, 2023. This amount changes based on the fair market value of the common stock. Total intrinsic value of options exercised during the years ended December 31, 2023 and December 31, 2022 were $471 thousand and $292 thousand, respectively. A summary of the Company’s non-vested stock options as of December 31, 2023, and changes during the year then ended is as follows: Weighted Non-vested Options Shares Fair Market Value per Share Non-vested at December 31, 2022 2,350 $ 0.96 Granted 1,096 $ 1.28 Vested (835) $ 0.94 Forfeited/Canceled (15) $ 1.14 Non-vested at December 31, 2023 2,596 $ 1.10 The following table summarizes certain information concerning outstanding options at December 31, 2023: Range of Exercise Price per Share Options Outstanding at $1.14 – $2.64 2,218 $3.20 – $4.75 3,196 $6.16 – $7.19 392 $8.89 – $9.09 372 $1.14 – $9.09 6,178 Restricted Stock In 2023, 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 30 thousand shares of restricted stock awards to each of the Company's four non-employee members of its board advisors or 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. These restricted stock vests on the one-year anniversary of the grant date. In 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. These restricted stock vests on the one-year anniversary of the grant date. A summary of the Company’s non-vested restricted stock as of December 31, 2023, and changes during the year then ended is as follows: Weighted Non-vested Restricted Stock Shares Fair Market Value per Share Non-vested at December 31, 2022 719 $ 2.35 Granted 269 $ 3.31 Vested (365) $ 2.40 Forfeited/Canceled — $ — Non-vested at December 31, 2023 623 $ 2.73 The total fair value of restricted stock awards vested during the years ended December 31, 2023 and 2022 was $1.1 million and $1.7 million, respectively.

RETIREMENT PLANS

RETIREMENT PLANS	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
RETIREMENT PLANS	RETIREMENT PLANSThe Company sponsors a 401(k) Plan, which covers substantially all employees of the Company who have attained age 21. Under the Company’s 401(k) Plan, eligible employees may contribute up to 75% of their annual eligible compensation (or in the case of highly compensated employees, up to 6% of their annual eligible compensation), subject to contribution limitations imposed by the Internal Revenue Service. The Company matches 20% of an employee’s contributions, up to a total of 4% of that employee’s compensation. An independent third party administers the Company’s 401(k) Plan. The Company's total expense under these plans amounted to $0.5 million and $0.4 million annually during fiscal years 2023 and 2022, respectively.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2023
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 as set forth below. 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 December 31, 2023, 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 Consolidated Balance Sheets were $1.2 million and $1.7 million as of December 31, 2023 and 2022, respectively, 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 and finance leases: The carrying amount of the Company’s finance leases reported in the 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 Consolidated Balance Sheet as of December 31, 2023 for borrowings under its Credit Agreement is $40.0 million. The Company has determined that borrowings under its Credit Agreement of $40.0 million as of December 31, 2023 approximates its fair value.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Consolidated Financial Statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the 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 Consolidated Financial Statements.
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 expand the market and industries it services and increase sales of a variety of service offerings that utilize ARC's existing production methods and infrastructure, but 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 to 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.
Cash Equivalents	Cash Equivalents Cash equivalents include demand deposits and short-term investments with a maturity of three months or less when purchased. The Company maintains its cash deposits at numerous banks located throughout the United States, Canada, India, United Arab Emirates, the United Kingdom and China, which at times, may exceed federally insured limits. UNIS Document Solutions, Co. Ltd., ("UDS"), the Company’s joint venture in China, held $2.6 million and $3.2 million of the Company’s cash and cash equivalents as of December 31, 2023 and 2022, respectively. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk on cash and cash equivalents.
Concentrations of Credit Risk and Significant Vendors	Concentrations of Credit Risk and Significant Vendors Concentrations of credit risk with respect to trade receivables are limited due to a large, diverse customer base. No individual customer represented more than 2.5% of net sales during 2023 and 2022. The Company has geographic concentration risk as sales in California, as a percent of total sales, were approximately 30% and 31% for 2023 and 2022, respectively. The Company contracts with various suppliers. Although there are a limited number of suppliers that could supply the Company’s inventory, management believes any shortfalls from existing suppliers could be absorbed by its existing suppliers or from other suppliers on comparable terms. However, a change in suppliers could cause a delay in sales and adversely affect results.
Allowance for Credit Losses	Allowance for Credit Losses
Inventories	Inventories
Income Taxes	Income Taxes Deferred tax assets and liabilities reflect temporary differences between the amount of assets and liabilities for financial and tax reporting purposes. Such amounts are adjusted, as appropriate, to reflect changes in tax rates expected to be in effect when the temporary differences reverse. A valuation allowance is recorded to reduce the Company's deferred tax assets to the amount that is more likely than not to be realized. Changes in tax laws or accounting standards and methods may affect recorded deferred taxes in future periods. When establishing a valuation allowance, the Company considers future sources of taxable income such as future reversals of existing taxable temporary differences, future taxable income exclusive of reversing temporary differences and carryforwards and tax planning strategies. A tax planning strategy is an action that: is prudent and feasible; an enterprise ordinarily might not take but would take to prevent an operating loss or tax credit carryforward from expiring unused; and would result in realization of deferred tax assets. In the event the Company determines that its deferred tax assets, more likely than not, will not be realized in the future, the valuation adjustment to the deferred tax assets will be charged to earnings in the period in which the Company makes such a determination. The Company has a $1.3 million valuation allowance against certain deferred tax assets as of December 31, 2023. In future quarters the Company will continue to evaluate its historical results for the preceding twelve quarters and our future projections to determine whether this will generate sufficient taxable income to utilize the Company's deferred tax assets, and whether a valuation allowance is required. The Company calculates current and deferred tax provision based on estimates and assumptions that could differ from the actual results reflected in income tax returns filed in subsequent years. Adjustments based on filed returns are recorded when identified. Income taxes have not been provided on certain undistributed earnings of foreign subsidiaries because such earnings are considered to be permanently reinvested. The amount of taxable income or loss we report to the various tax jurisdictions is subject to ongoing audits by federal, state and foreign tax authorities. The Company estimate of the potential outcome of any uncertain tax issue is subject to management’s assessment of relevant risks, facts, and circumstances existing at that time. The Company uses a more-likely-than-not threshold for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. The Company records a liability for the difference between the benefit recognized and measured and tax position taken or expected to be taken on its tax return. To the extent that the Company's assessment of such tax positions changes, the change in estimate is recorded in the period in which the determination is made. The Company will not report tax-related interest and penalties as a component of income tax expense.
Property and Equipment	Property and Equipment, net Property and equipment are stated at cost and are depreciated using the straight-line method over their estimated useful lives, as follows: Buildings 10-20 years Leasehold improvements 10-20 years or lease term, if shorter Machinery and equipment 3-7 years Furniture and fixtures 3-7 years Assets acquired under capital lease arrangements are included in machinery and equipment, are recorded at the present value of the minimum lease payments, and are depreciated using the straight-line method over the life of the asset or term of the lease, whichever is shorter. Expenses for repairs and maintenance are charged to expense as incurred, while renewals and betterments are capitalized. Gains or losses on the sale or disposal of property and equipment are reflected in operating income. The Company accounts for software costs developed for internal use in accordance with ASC 350-40, Intangibles – Goodwill and Other - Internal-Use Software,
Software to be sold, leased, or otherwise marketed	Software development costs for software to be sold, leased, or otherwise marketed are expensed as incurred until the establishment of technological feasibility, at which time those costs are capitalized until the product is available for general release to customers and amortized over the estimated life of the product. Technological feasibility is established upon the completion of a working prototype that has been certified as having no critical bugs and is a release candidate. To date, costs and time incurred between the establishment of technological feasibility and product release have not been material, and all software development costs have been charged to research and development expense in our consolidated statements of comprehensive income (loss).
Impairment of Long-Lived Assets	Impairment of Long-Lived 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
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets 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. 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 which simplifies subsequent goodwill measurement by eliminating step two from the goodwill impairment test. The Company determines the fair value of its reporting units using an income approach. Under the income approach, the Company determined fair value based on estimated discounted future cash flows of each reporting unit. Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates and EBITDA margins, discount rates and future market conditions, among others. The level of judgement and estimation is inherently higher in these uncertain economic times. 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.
Deferred Financing Costs	Deferred Financing Costs
Fair Values of Financial Instruments	Fair Values of Financial Instruments The carrying amounts of the Company’s financial instruments, including cash equivalents, short-term investments, accounts receivable, and accounts payable approximate their fair values due to their short maturities. Refer to Note 11, Fair Value Measurements , in Notes to Consolidated Financial Statements for disclosures regarding fair value measurements in accordance with the authoritative guidance for fair value measurements and disclosures.
Insurance Liability	Insurance Liability The Company maintains a high deductible insurance policy for a significant portion of its risks and associated liabilities with respect to workers’ compensation. The Company’s deductible is $250 thousand per individual. The accrued liabilities associated with this program are based on the Company’s estimate of the ultimate costs to settle known claims, as well as claims incurred but not yet reported to the Company, as of the balance sheet date. The Company’s estimated liability is not discounted and is based upon an actuarial report obtained from a third party. The actuarial report uses information provided by the Company’s insurance brokers and insurers, combined with the Company’s judgments regarding a number of assumptions and factors, including the frequency and severity of claims, claims development history, case jurisdiction, applicable legislation, and the Company’s claims settlement practices.
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, the Company estimates potential future loss accruals related to legal, workers’ compensation, tax and other contingencies. These accruals require management’s judgment on the outcome of various events based on the best available information. However, due to changes in facts and circumstances, the ultimate outcomes could differ from management’s estimates. Site Remediation Obligation - The Company is currently involved in a site remediation obligation due to a former gas station that had been situated on a property the Company obtained as part of a business acquisition in the late 1990s. The Company has accrued estimates of the probable and reasonably estimable costs for the resolution of the obligation based upon types of remediation efforts currently anticipated, the volume of contaminants in the impacted areas, regulatory oversight and other costs. The Company's current estimates of future environmental cleanup and remediation liabilities related to the site may change over time due to various factors, including but not limited to, the nature and extent of required future cleanup and removal activities, and the extent and duration of regulatory oversight, among other things. The final outcome of any regulatory inquiries and requirements cannot be predicted with certainty, and unfavorable or unexpected outcomes could result in additional costs that could be material to the Company's results of operations during any particular year of the remediation process. See Note 6, Commitments and Contingencies - Site Remediation Obligation within Part IV, Item 15 - "Exhibits and Financial Statement Schedule” of this Annual Report on Form 10-K , for further discussion on this site remediation obligation.
Revenue Recognition	Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to the Company's customers, in an amount that reflects the consideration that the Company is expected to be entitled to in exchange for those goods or services. The Company applied practical expedients related to unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed. Digital Printing consists of professional services and software services to (i) re-produce 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 re-produce 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; generally, this occurs with the transfer of control of the re-produced 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 the 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 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 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. The pattern of revenue recognition for the Company's MPS revenue has remained substantially unchanged following the adoption of ASC 842. See Note 7, Leasing, for additional information. 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 we expect 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. The Company has established contractual pricing for certain large national customer accounts (“Global Solutions”). These contracts generally establish uniform pricing at all operating segments for Global Solutions. Revenues earned from the Company’s Global Solutions are recognized in the same manner as non-Global Solutions revenues.
Comprehensive Income (Loss)	Comprehensive Income (Loss) The Company’s comprehensive income (loss) includes foreign currency translation adjustments, net of taxes. Asset and liability accounts of international operations are translated into the Company’s functional currency, U.S. dollars, at current rates. Revenues and expenses are translated at the average currency rate for the fiscal year.
Segment and Geographic Reporting	Segment and Geographic 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. The Company recognizes revenues in geographic areas based on the location to which the product was shipped or services have been rendered. See table below for revenues and property and equipment, net, attributable to the Company’s U.S. operations and foreign operations. Year Ended December 31, 2023 2022 U.S. Foreign Total U.S. Foreign Total Revenues from external customers $ 247,474 $ 33,727 $ 281,201 $ 254,559 $ 31,451 $ 286,010 Property and equipment, net $ 35,868 $ 5,057 $ 40,925 $ 34,595 $ 5,619 $ 40,214
Advertising and Shipping and Handling Costs	Advertising and Shipping and Handling Costs Advertising costs are expensed as incurred and approximated $0.7 million during 2023 and 2022. Shipping and handling costs incurred by the Company are included in cost of sales.
Stock-Based Compensation	Stock-Based Compensation
Research and Development Expenses	Research and Development Expenses
Noncontrolling Interest	Noncontrolling Interest The Company accounted for its investment in UDS under the purchase method of accounting, in accordance with ASC 805, Business Combinations
Sales Taxes	Sales Taxes The Company bills sales taxes, as applicable, to its customers. The Company acts as an agent and bills, collects, and remits the sales tax to the proper government jurisdiction. The sales taxes are accounted for on a net basis, and therefore are not included as part of the Company’s revenue.
Earnings Per Share	Earnings Per Share The Company accounts for earnings per share in accordance with ASC 260, Earnings Per Share.
Recently Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements 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 was January 1, 2023. The implementation of CECL did not have a material impact on the Company's consolidated statements of financial condition and results of operations. Recent Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose specific tax rate reconciliation categories, as well as income taxes paid disaggregated by jurisdiction, amongst other disclosure enhancements. The ASU is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The ASU can be adopted on a prospective or retrospective basis. The Company is evaluating the disclosure requirements related to the new standard. Adoption of ASC Topic 842, Leases The Company accounts for leases under ASC 842, Leases. ASC 842 requires a dual approach for lessee accounting under which a lessee accounts for leases as finance leases or operating leases. Both finance leases and operating leases result in the lessee recognizing a Right of Use (ROU) asset and a corresponding lease liability. For finance leases the lessee recognizes interest expense and amortization of the ROU asset, and for operating leases the lessee will recognize a straight-line total lease expense. In addition, ASC 842 changes the definition of a lease, which resulted in changes to the classification of certain service contracts with customers to lease arrangements.
Lessee Accounting	Lessee Accounting The Company determines whether an arrangement is a lease at contract inception. The Company's material lease contracts are generally for real estate or print equipment, and the determination of whether such contracts contain leases generally does not require significant estimates or judgments. The Company’s leases that are classified as operating leases primarily consist of real estate leases. The Company’s real estate leases contain both lease and non-lease components, which are accounted for separately. The Company’s leases that are classified as finance leases primarily consist of print equipment. Certain print equipment leases have lease and non-lease components, which are accounted for as a single lease component as discussed above. Other than the election to treat the Company's fixed lease payment as a single lease component, the accounting for finance leases will remain unchanged under ASC 842. one one
Lessor Accounting	Lessor Accounting The Company concluded that certain of its contracts with customers contain leases under the new leasing standard and accordingly should be accounted for as operating leases upon adoption of ASC 842. Specifically, certain of the Company's MPS arrangements, which had previously been accounted for as service revenue under ASC 606, Revenue from Contracts with Customers, are now accounted for as operating leases under ASC 842. The Company's MPS arrangements consists of the placement, management, and optimization of print and imaging equipment in customers' offices, job sites, and other facilities under which the Company is paid a fixed rate per unit for each print produced (per-use), often referred to as a “click charge.” Accordingly, the fixed rate per unit charged to the customer covers the use of the equipment (i.e., the lease component), as well as the additional services performed by the Company as described above (i.e., the non-lease component). Certain of the Company's MPS contracts provide the customer the option to renew or terminate the agreement, which are considered when assessing the lease term. The Company elected the practical expedient to not separate certain lease and non-lease components related to its MPS arrangements, and accounts for the combined component under ASC 842. The pattern of revenue recognition for the Company's MPS revenue has remained substantially unchanged following the adoption of ASC 842.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Allowance for Credit Losses	The allowance for credit losses activity was as follows: Balance at Charges to Deductions (1) Balance at Year ended December 31, 2023 Allowance for credit losses $ 1,947 $ 351 $ (441) $ 1,857 Year ended December 31, 2022 Allowance for credit losses $ 2,104 $ 320 $ (477) $ 1,947 (1) Deductions represent uncollectible accounts written-off net of recoveries.
Schedule of Useful Lives of Property and Equipment	Property and equipment are stated at cost and are depreciated using the straight-line method over their estimated useful lives, as follows: Buildings 10-20 years Leasehold improvements 10-20 years or lease term, if shorter Machinery and equipment 3-7 years Furniture and fixtures 3-7 years Property and equipment, net consist of the following: December 31, 2023 2022 Machinery and equipment $ 245,802 $ 246,262 Buildings and leasehold improvements 21,374 23,128 Furniture and fixtures 2,871 2,737 270,047 272,127 Less accumulated depreciation (229,122) (231,913) $ 40,925 $ 40,214
Schedule of Net Sales of Principal Services and Products	Net sales of the Company’s principal services and products were as follows: Year Ended December 31, 2023 2022 Service Sales Digital Printing $ 170,083 $ 174,752 MPS 74,764 75,782 Scanning and Digital Imaging 20,313 17,357 Total services sales 265,160 267,891 Equipment and Supplies Sales 16,041 18,119 Total net sales $ 281,201 $ 286,010
Schedule of Segment and Geographic Reporting	See table below for revenues and property and equipment, net, attributable to the Company’s U.S. operations and foreign operations. Year Ended December 31, 2023 2022 U.S. Foreign Total U.S. Foreign Total Revenues from external customers $ 247,474 $ 33,727 $ 281,201 $ 254,559 $ 31,451 $ 286,010 Property and equipment, net $ 35,868 $ 5,057 $ 40,925 $ 34,595 $ 5,619 $ 40,214
Schedule of Weighted Average Assumptions for Stock-Based Compensation	The fair value of each option grant was estimated on the date of grant using the Black-Scholes option-pricing model using the following weighted average assumptions for 2023 and 2022: Year Ended December 31, 2023 2022 Weighted average assumptions used: Risk free interest rate 3.7 % 2.1 % Expected volatility 63.0 % 56.4 % Expected dividend yield 6.4 % 6.2 %
Schedule of Basic and Diluted Earnings Per Share	Basic and diluted weighted average common shares outstanding were calculated as follows for 2023 and 2022: Year Ended December 31, 2023 2022 Weighted average common shares outstanding during the period — basic 42,543 42,214 Effect of dilutive stock awards 941 1,066 Weighted average common shares outstanding during the period — diluted 43,484 43,280

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The carrying amount of goodwill from January 1, 2022 through December 31, 2023 is summarized as follows: Gross Accumulated Net January 1, 2022 $ 405,558 $ 284,507 $ 121,051 December 31, 2022 $ 405,558 $ 284,507 $ 121,051 December 31, 2023 $ 405,558 $ 284,507 $ 121,051
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 December 31, 2023 and 2022 which continue to be amortized: December 31, 2023 December 31, 2022 Gross Accumulated Net Gross Accumulated Net Amortizable other intangible assets Customer relationships $ 99,185 $ 99,178 $ 7 $ 99,087 $ 99,073 $ 14 Trade names and trademarks 20,262 20,107 155 20,281 20,087 194 $ 119,447 $ 119,285 $ 162 $ 119,368 $ 119,160 $ 208
Schedule of Estimated Future Amortization Expense	Estimated future amortization expense of other intangible assets for each of the next five fiscal years and thereafter are as follows: 2024 $ 39 2025 35 2026 34 2027 34 2028 20 Thereafter — $ 162

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment are stated at cost and are depreciated using the straight-line method over their estimated useful lives, as follows: Buildings 10-20 years Leasehold improvements 10-20 years or lease term, if shorter Machinery and equipment 3-7 years Furniture and fixtures 3-7 years Property and equipment, net consist of the following: December 31, 2023 2022 Machinery and equipment $ 245,802 $ 246,262 Buildings and leasehold improvements 21,374 23,128 Furniture and fixtures 2,871 2,737 270,047 272,127 Less accumulated depreciation (229,122) (231,913) $ 40,925 $ 40,214

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following: December 31, 2023 2022 Revolving Loans; 6.8% and 5.6% interest rate at December 31, 2023 and 2022, respectively 40,000 40,000 Various finance leases; weighted average interest rate of 5.5% and 5.1% at December 31, 2023 and 2022, respectively; principal and interest payable monthly through November 2029 22,236 26,474 62,236 66,474 Less current portion (8,870) (11,558) $ 53,366 $ 54,916

LEASING (Tables)

LEASING (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of Financial Information Associated with Leases	The tables below present financial information associated with the Company's leases as of, and the years ended, December 31, 2023 and December 31, 2022. Classification December 31, 2023 December 31, 2022 Assets Operating lease assets Right-of-use assets from operating leases $ 32,838 $ 28,163 Finance lease assets Property and equipment 50,317 60,887 Less accumulated depreciation (31,139) (38,607) Property and equipment, net 19,178 22,280 Total lease assets $ 52,016 $ 50,443 Liabilities Current Operating Current portion of operating lease liabilities $ 9,924 $ 9,924 Finance Current portion of long-term finance leases 8,870 11,558 Long-term Operating Long-term portion of operating lease liabilities 27,357 23,339 Finance Long-term portion of finance leases 13,366 14,916 Total lease liabilities $ 59,517 $ 59,737
Schedule of Lease Cost	Classification Year Ended December 31, 2023 December 31, 2022 Operating lease cost Cost of sales $ 13,702 $ 12,940 Selling, general and administrative expenses 2,951 2,813 Total operating lease cost (1)(2) $ 16,653 $ 15,753 Finance lease cost Amortization of leased assets Cost of sales $ 10,313 $ 12,718 Selling, general and administrative expenses 560 461 Interest on lease liabilities Interest expense, net 1,429 1,447 Total finance lease cost 12,302 14,626 Total lease cost $ 28,955 $ 30,379 (1) Includes variable lease costs and short-term lease costs of $3,895 and $423, respectively for the year ended December 31, 2023. (2) Includes variable lease costs and short-term lease costs of $2,795 and $240, respectively for the year ended December 31, 2022. December 31, 2023 December 31, 2022 Weighted average remaining lease term (years) Operating leases 4.3 4.3 Finance leases 3.1 2.8 Weighted average discount rate Operating leases 6.2 % 5.2 % Finance leases 5.5 % 5.1 % Other information Year Ended December 31, 2023 Year Ended December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 14,997 $ 14,907 Operating cash flows from finance leases $ 1,424 $ 1,451 Financing cash flows from finance leases $ 11,860 $ 14,736
Schedule of Operating Lease Liability Maturity	Maturity of lease liabilities (as of December 31, 2023) Operating Leases (1) (2) Finance Leases (3) 2024 $ 11,962 $ 9,883 2025 9,860 6,221 2026 7,789 4,625 2027 6,642 2,595 2028 4,283 1,015 Thereafter 2,345 36 Total 42,881 24,375 Less amount representing interest 5,600 2,139 Present value of lease liability $ 37,281 $ 22,236 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2023. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which expire through December 2028. The rental payments on these facilities amounted to $0.5 million during 2023. In the table above, annual rental payments of $0.6 million for related parties are included in 2024 through 2028. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. Maturity of lease liabilities (as of December 31, 2022) Operating Leases (1) (2) Finance Leases (3) 2023 $ 11,259 $ 12,510 2024 8,354 7,903 2025 6,437 4,393 2026 4,467 2,878 2027 3,836 1,022 Thereafter 2,983 4 Total 37,336 28,710 Less amount representing interest 4,073 2,236 Present value of lease liability $ 33,263 $ 26,474 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2022. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which were due to expire in December 2023 but were renewed for another five years in the second half of 2023. The rental payments on these facilities amounted to $0.5 million during 2022. In the table above, annual rental payments of $0.5 million for related parties are included in 2023. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate.
Schedule of Financing Lease Liability Maturity	Maturity of lease liabilities (as of December 31, 2023) Operating Leases (1) (2) Finance Leases (3) 2024 $ 11,962 $ 9,883 2025 9,860 6,221 2026 7,789 4,625 2027 6,642 2,595 2028 4,283 1,015 Thereafter 2,345 36 Total 42,881 24,375 Less amount representing interest 5,600 2,139 Present value of lease liability $ 37,281 $ 22,236 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2023. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which expire through December 2028. The rental payments on these facilities amounted to $0.5 million during 2023. In the table above, annual rental payments of $0.6 million for related parties are included in 2024 through 2028. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. Maturity of lease liabilities (as of December 31, 2022) Operating Leases (1) (2) Finance Leases (3) 2023 $ 11,259 $ 12,510 2024 8,354 7,903 2025 6,437 4,393 2026 4,467 2,878 2027 3,836 1,022 Thereafter 2,983 4 Total 37,336 28,710 Less amount representing interest 4,073 2,236 Present value of lease liability $ 33,263 $ 26,474 (1) Reflects payments for non-cancelable operating leases with initial terms of one year or more as of December 31, 2022. The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate. (2) The Company leased several of its facilities under lease agreements with entities owned by certain of its current and former executive officers which were due to expire in December 2023 but were renewed for another five years in the second half of 2023. The rental payments on these facilities amounted to $0.5 million during 2022. In the table above, annual rental payments of $0.5 million for related parties are included in 2023. (3) The table above does not include any legally binding minimum lease payments for leases signed but not yet commenced, and such leases are not material in the aggregate.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Tax Provision	The following table includes the consolidated income tax provision for federal, state, and foreign income taxes related to the Company’s total earnings before taxes for 2023 and 2022: Year Ended December 31, 2023 2022 Current: Federal $ — $ — State 215 154 Foreign 481 487 696 641 Deferred: Federal 2,805 4,142 State 682 1,040 Foreign 204 9 3,691 5,191 Income tax provision $ 4,387 $ 5,832
Schedule of Deferred Tax Assets and Liabilities	The consolidated deferred tax assets and liabilities consist of the following: December 31, 2023 2022 Deferred tax assets: Financial statement accruals not currently deductible $ 950 $ 985 Site remediation obligation 1,149 166 Accrued vacation 765 754 Accrued bonuses 543 914 Deferred revenue, net 21 37 Fixed assets 2,980 4,242 Right of use operating lease liabilities 9,600 8,494 Goodwill and other identifiable intangibles 1,541 745 Stock-based compensation 2,343 2,365 Federal tax net operating loss carryforward 11,990 14,593 State tax net operating loss carryforward, net 4,723 5,182 Foreign tax net operating loss carryforward 487 879 Tax credits, net 213 1,669 Gross deferred tax assets 37,305 41,025 Less: valuation allowance (1,313) (2,651) Net deferred tax assets $ 35,992 $ 38,374 Deferred tax liabilities: Goodwill and other identifiable intangibles $ (23,010) $ (23,197) Right of use operating lease assets (8,547) (7,184) Fixed assets (104) — Net deferred tax assets $ 4,331 $ 7,993
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows: Year Ended December 31, 2023 2022 Statutory federal income tax rate 21 % 21 % State taxes, net of federal benefit 6 6 Foreign taxes 1 1 Valuation allowance (11) 1 Tax credits expired 12 — Global intangible low taxed income 1 — Section 162(m) limitation 3 2 Stock based compensation 1 3 Discrete items for federal, state and foreign taxes 1 1 Effective income tax rate 35 % 35 %

EMPLOYEE STOCK PURCHASE PLAN _2

EMPLOYEE STOCK PURCHASE PLAN AND STOCK PLAN (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Employee Share Purchases	Employees purchased the following shares in the periods presented: Year Ended December 31, 2023 2022 Shares purchased 50 45 Average price per share $ 2.64 $ 2.16
Schedule of Stock Option Plan Activity	The following is a further breakdown of the stock option activity under the Stock Plan: Shares Weighted Weighted Aggregate Outstanding at December 31, 2021 5,462 $ 3.56 Granted 1,658 $ 3.11 Exercised (618) $ 2.49 Forfeited/Canceled (533) $ 5.31 Outstanding at December 31, 2022 5,969 $ 3.39 Granted 1,096 $ 3.60 Exercised (805) $ 2.60 Forfeited/Canceled (82) $ 3.12 Outstanding at December 31, 2023 6,178 $ 3.54 5.99 $ 2,740 Vested or expected to vest at December 31, 2023 6,178 $ 3.54 5.99 $ 2,740 Exercisable at December 31, 2023 3,582 $ 3.80 4.26 $ 2,105
Schedule of Non-vested Stock Options	A summary of the Company’s non-vested stock options as of December 31, 2023, and changes during the year then ended is as follows: Weighted Non-vested Options Shares Fair Market Value per Share Non-vested at December 31, 2022 2,350 $ 0.96 Granted 1,096 $ 1.28 Vested (835) $ 0.94 Forfeited/Canceled (15) $ 1.14 Non-vested at December 31, 2023 2,596 $ 1.10
Schedule of Range of Exercise Price for Options Outstanding	The following table summarizes certain information concerning outstanding options at December 31, 2023: Range of Exercise Price per Share Options Outstanding at $1.14 – $2.64 2,218 $3.20 – $4.75 3,196 $6.16 – $7.19 392 $8.89 – $9.09 372 $1.14 – $9.09 6,178
Schedule of Nonvested Restricted Stock Options	A summary of the Company’s non-vested restricted stock as of December 31, 2023, and changes during the year then ended is as follows: Weighted Non-vested Restricted Stock Shares Fair Market Value per Share Non-vested at December 31, 2022 719 $ 2.35 Granted 269 $ 3.31 Vested (365) $ 2.40 Forfeited/Canceled — $ — Non-vested at December 31, 2023 623 $ 2.73

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash Equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 56,093	$ 52,561
UDS
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 2,600	$ 3,200

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentrations of Credit Risk and Significant Vendors (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, benchmark percentage	2.50%	2.50%
Revenue from Contract with Customer | Geographic Concentration Risk | California
Concentration Risk [Line Items]
Concentration risk	30%	31%
Purchases of Inventory and Supplies | Supplier Concentration Risk | Three Largest Vendors
Concentration Risk [Line Items]
Concentration risk	35%	35%

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Allowance for Credit Losses (Details) - Allowance for credit losses - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 1,947	$ 2,104
Charges to Cost and Expenses	351	320
Deductions	(441)	(477)
Balance at End of Period	$ 1,857	$ 1,947

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) - USD ($) shares in Millions	1 Months Ended	12 Months Ended
	May 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Valuation allowance		$ 1,313,000	$ 2,651,000
Deferred financing fees		200,000	200,000
Deductible insurance policy		250,000
Advertising costs		700,000	700,000
Research and development		$ 6,200,000	$ 6,500,000
Joint venture, capital cash distribution	$ 11,200,000
Proceeds from capital cash distribution	7,300,000
Decrease of noncontrolling interest	3,900,000
Common stock options excluded for anti-dilutive (in shares)		4.1	3.2
Co-venturer
Noncontrolling Interest [Line Items]
Proceeds from capital cash distribution	$ 3,900,000
UDS
Noncontrolling Interest [Line Items]
Noncontrolling interest		35%
Chinese Joint Venture
Noncontrolling Interest [Line Items]
Noncontrolling interest	35%
Noncontrolling interest ownership percentage parent	65%

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and Equipment and Impairment of Long-Lived Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Capitalized software development costs	$ 1,900,000	$ 1,700,000
Net of accumulated amortization	24,200,000	23,300,000
Depreciation expense and amortization of capitalized software development costs	900,000	1,000,000
Impairment of long-lived assets	$ 0	$ 0
Software
Property, Plant and Equipment [Line Items]
Estimated useful lives of other intangible assets	3 years
Minimum | Buildings
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Minimum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Minimum | Machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Minimum | Furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Maximum | Buildings
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Maximum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Maximum | Machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years
Maximum | Furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful lives	7 years

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Total net sales	$ 281,201	$ 286,010
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of other intangible assets	13 years

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total net sales	$ 281,201	$ 286,010
Service Sales
Disaggregation of Revenue [Line Items]
Total net sales	265,160	267,891
Digital Printing
Disaggregation of Revenue [Line Items]
Total net sales	170,083	174,752
MPS
Disaggregation of Revenue [Line Items]
Total net sales	74,764	75,782
Scanning and Digital Imaging
Disaggregation of Revenue [Line Items]
Total net sales	20,313	17,357
Equipment and Supplies Sales
Disaggregation of Revenue [Line Items]
Total net sales	16,041	18,119
Shipping and Handling
Disaggregation of Revenue [Line Items]
Total net sales	$ 11,000	$ 11,300
Software Licensing Activities | Product Concentration Risk | Revenue from Contract with Customer
Disaggregation of Revenue [Line Items]
Concentration risk	2.50%	2.50%

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Segment and Geographic Reporting (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from external customers	$ 281,201	$ 286,010
Property and equipment, net	40,925	40,214
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from external customers	247,474	254,559
Property and equipment, net	35,868	34,595
Foreign Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from external customers	33,727	31,451
Property and equipment, net	$ 5,057	$ 5,619

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Total stock-based compensation	$ 2,232	$ 1,773
Weighted average fair value of option (in dollars per share)	$ 1.28	$ 0.96
Weighted average assumptions used:
Risk free interest rate	3.70%	2.10%
Expected volatility	63%	56.40%
Expected dividend yield	6.40%	6.20%
Expected term of stock options granted	7 years 2 months 12 days	6 years 8 months 12 days
Total unrecognized stock-based compensation	$ 2,700
Expected weighted-average period to recognize compensation cost	1 year 8 months 12 days

SUMMARY OF SIGNIFICANT ACCOU_13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Basic and Diluted Earnings Per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Weighted average common shares outstanding during the period—basic (in shares)	42,543	42,214
Effect of dilutive stock options (in shares)	941	1,066
Weighted average common shares outstanding during the period—diluted (in shares)	43,484	43,280

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLES - Schedule of Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment losses	$ 0
Gross Goodwill	405,558,000	$ 405,558,000	$ 405,558,000
Accumulated Impairment Loss	284,507,000	284,507,000	284,507,000
Net Carrying Amount	$ 121,051,000	$ 121,051,000	$ 121,051,000

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLES - Schedule of Other Intangible Assets Resulting from Business Acquisitions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 119,447,000	$ 119,368,000
Accumulated Amortization	119,285,000	119,160,000
Net Carrying Amount	162,000	208,000
Impairment of long-lived assets	0	0
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	99,185,000	99,087,000
Accumulated Amortization	99,178,000	99,073,000
Net Carrying Amount	7,000	14,000
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	20,262,000	20,281,000
Accumulated Amortization	20,107,000	20,087,000
Net Carrying Amount	$ 155,000	$ 194,000

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLES - Schedule of Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 39
2025	35
2026	34
2027	34
2028	20
Thereafter	0
Net Carrying Amount	$ 162	$ 208

PROPERTY AND EQUIPMENT, NET - S

PROPERTY AND EQUIPMENT, NET - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 270,047	$ 272,127
Less accumulated depreciation	(229,122)	(231,913)
Property and equipment	40,925	40,214
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	245,802	246,262
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	21,374	23,128
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,871	$ 2,737

PROPERTY AND EQUIPMENT, NET - N

PROPERTY AND EQUIPMENT, NET - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 17,592	$ 20,328

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Various finance leases; weighted average interest rate of 5.5% and 5.1% at December 31, 2023 and 2022, respectively; principal and interest payable monthly through November 2029	$ 22,236	$ 26,474
Long-term debt and capital lease obligations, including current maturities	62,236	66,474
Less current portion	(8,870)	(11,558)
Long-term debt and finance leases	$ 53,366	$ 54,916
Finance lease, weighted average interest rate	5.50%	5.10%
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Revolving Loans; 6.8% and 5.6% interest rate at December 31, 2023 and 2022, respectively	$ 40,000	$ 40,000
Line of Credit | Revolving Credit Facility | 2021 Credit Agreement
Debt Instrument [Line Items]
Revolving Loans; 6.8% and 5.6% interest rate at December 31, 2023 and 2022, respectively	$ 40,000
Debt instrument, interest rate, effective percentage	6.80%	5.60%

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details)			1 Months Ended	12 Months Ended
	Jun. 15, 2023 USD ($)	Apr. 22, 2021 USD ($)	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares
Debt Instrument [Line Items]
Cash dividends declared (in usd per share) | $ / shares			$ 0.05	$ 0.20	$ 0.20
Dividends payable			$ 2,100,000	$ 2,100,000
Revolving Credit Facility | Amendment To 2021 Credit Agreement
Debt Instrument [Line Items]
Debt, stock repurchase authorized amount	$ 10,000,000
Debt, stock repurchase authorized, period	12 months
Debt, other restricted payment authorized amount	$ 12,000,000
Debt, other restricted payment authorized 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			40,000,000	40,000,000	$ 40,000,000
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 70,000,000
Line of credit, remaining borrowing capacity			27,800,000	27,800,000
Long-term debt			$ 40,000,000	$ 40,000,000
Debt instrument, interest rate, effective percentage			6.80%	6.80%	5.60%
Covenant term, total leverage ratio				2.75
Fixed charged coverage ratio				1.15
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement | SOFR | Minimum | Term SOFR Loans
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.25%
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement | SOFR | Maximum | Term SOFR Loans
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.75%
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement | Base Rate | Minimum | Not Term SOFR Loans
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.25%
Revolving Credit Facility | Line of Credit | 2021 Credit Agreement | Base Rate | Maximum | Not Term SOFR Loans
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.75%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Liability of site remediation	$ 4.5	$ 0.6	$ 0.6
Environmental Loss Contingency, Current, Statement of Financial Position, Extensible Enumeration, Not Disclosed Flag	Consolidated Balance Sheets
Environmental Loss Contingency, Statement of Financial Position, Extensible Enumeration, Not Disclosed Flag	Consolidated Balance Sheets
Accrued environmental loss contingencies, current	$ 2.2
Accrual for environmental loss contingencies, payment period	7 years

Leasing - Additional Informatio

Leasing - Additional Information, Lessee (Details)	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Lease renewal term	5 years
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Lease renewal term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	10 years
Lease renewal term	5 years

LEASING - Schedule of Financial

LEASING - Schedule of Financial Information Associated with Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Right-of-use assets from operating leases	$ 32,838	$ 28,163
Property and equipment	50,317	60,887
Less accumulated depreciation	$ (31,139)	$ (38,607)
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property and equipment, net of accumulated depreciation of $229,122 and $231,913	Property and equipment, net of accumulated depreciation of $229,122 and $231,913
Property and equipment, net	$ 19,178	$ 22,280
Total lease assets	52,016	50,443
Current
Current portion of operating lease liabilities	9,924	9,924
Current portion of finance leases	8,870	11,558
Long-term
Long-term portion of operating lease liabilities	$ 27,357	$ 23,339
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term debt and finance leases	Long-term debt and finance leases
Long-term portion of finance leases	$ 13,366	$ 14,916
Total lease liabilities	$ 59,517	$ 59,737

LEASING - Components of Lease C

LEASING - Components of Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Total operating lease cost	$ 16,653	$ 15,753
Interest on lease liabilities	1,429	1,447
Total finance lease cost	12,302	14,626
Total lease cost	28,955	30,379
Variable lease cost	3,895	2,795
Short-term lease cost	423	240
Cost of sales
Lessee, Lease, Description [Line Items]
Total operating lease cost	13,702	12,940
Amortization of leased assets	10,313	12,718
Selling, general and administrative expenses
Lessee, Lease, Description [Line Items]
Total operating lease cost	2,951	2,813
Amortization of leased assets	$ 560	$ 461

LEASING - Maturity of Lease Lia

LEASING - Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating leases
Operating lease liabilities, year one	$ 11,962	$ 11,259
Operating lease liabilities, year two	9,860	8,354
Operating lease liabilities, year three	7,789	6,437
Operating lease liabilities, year four	6,642	4,467
Operating lease liabilities, year five	4,283	3,836
Thereafter	2,345	2,983
Total	42,881	37,336
Less amount representing interest	5,600	4,073
Present value of lease liability	37,281	33,263
Finance leases
Finance lease liabilities, year one	9,883	12,510
Finance lease liabilities, year two	6,221	7,903
Finance lease liabilities, year three	4,625	4,393
Finance lease liabilities, year four	2,595	2,878
Finance lease liabilities, year five	1,015	1,022
Thereafter	36	4
Total	24,375	28,710
Less amount representing interest	2,139	2,236
Present value of lease liability	22,236	26,474
Related Party
Operating leases
Operating lease liabilities, year one	600	500
Operating lease liabilities, year two	600	500
Operating lease liabilities, year three	600	500
Finance leases
Operating lease expense	$ 500	$ 500

LEASING - Weighted Average Rema

LEASING - Weighted Average Remaining Lease Term and Discount Rate (Details)	Dec. 31, 2023	Dec. 31, 2022
Weighted average remaining lease term (years)
Operating leases	4 years 3 months 18 days	4 years 3 months 18 days
Finance leases	3 years 1 month 6 days	2 years 9 months 18 days
Weighted average discount rate
Operating leases	6.20%	5.20%
Finance leases	5.50%	5.10%

LEASING - Cash Paid for Amount

LEASING - Cash Paid for Amount Included in the Measurement of Lease Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 14,997	$ 14,907
Operating cash flows from finance leases	1,424	1,451
Financing cash flows from finance leases	$ 11,860	$ 14,736

LEASING - Additional Informat_2

LEASING - Additional Information, Lessor (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, net	$ 19,178	$ 22,280
MPS
Property, Plant and Equipment [Line Items]
Rental income	68,800	70,000
Service income	6,000	5,800
MPS | Equipment Subject to Leases
Property, Plant and Equipment [Line Items]
Property and equipment, net	$ 20,000	$ 23,000

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Foreign earnings before taxes	$ 2,000,000	$ 400,000
Domestic earnings (losses) before taxes	10,500,000	16,200,000
Valuation allowance	1,313,000	2,651,000
Unrecognized tax benefits	0	0
Unrecognized tax benefits, interest and penalties	0	$ 0
Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	57,100,000
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	75,800,000
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	2,900,000
Tax credit carryforward	$ 200,000

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current:
Federal	$ 0	$ 0
State	215	154
Foreign	481	487
Current income tax, total	696	641
Deferred:
Federal	2,805	4,142
State	682	1,040
Foreign	204	9
Deferred income taxes	3,691	5,191
Income tax provision	$ 4,387	$ 5,832

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Financial statement accruals not currently deductible	$ 950	$ 985
Site remediation obligation	1,149	166
Accrued vacation	765	754
Accrued bonuses	543	914
Deferred revenue, net	21	37
Fixed assets	2,980	4,242
Right of use operating lease liabilities	9,600	8,494
Goodwill and other identifiable intangibles	1,541	745
Stock-based compensation	2,343	2,365
Federal tax net operating loss carryforward	11,990	14,593
State tax net operating loss carryforward, net	4,723	5,182
Foreign tax net operating loss carryforward	487	879
Tax credits, net	213	1,669
Gross deferred tax assets	37,305	41,025
Less: valuation allowance	(1,313)	(2,651)
Net deferred tax assets	35,992	38,374
Deferred tax liabilities:
Goodwill and other identifiable intangibles	(23,010)	(23,197)
Right of use operating lease assets	(8,547)	(7,184)
Fixed assets	(104)	0
Net deferred tax assets	$ 4,331	$ 7,993

INCOME TAXES - Schedule of Effe

INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of the statutory federal income tax rate
Statutory federal income tax rate	21%	21%
State taxes, net of federal benefit	6%	6%
Foreign taxes	1%	1%
Valuation allowance	(11.00%)	1%
Effective Income Tax Rate Reconciliation, Tax Credit Expired, Percent	12%	0%
Global intangible low taxed income	1%	0%
Section 162(m) limitation	3%	2%
Stock based compensation	1%	3%
Discrete items for federal, state and foreign taxes	1%	1%
Effective income tax rate	35%	35%

EMPLOYEE STOCK PURCHASE PLAN _3

EMPLOYEE STOCK PURCHASE PLAN AND STOCK PLAN - Narrative (Details) $ in Thousands		12 Months Ended
	Apr. 26, 2023 shares	Dec. 31, 2023 USD ($) boardOfDirectMember shares	Dec. 31, 2022 USD ($) boardOfDirectorMember shares	Apr. 29, 2021 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage on market value of common stock		100%
Shares available under Stock Plan (in shares)		5,100,000
Expiration period		10 years
Vesting period		3 years
Granted (in shares)		1,096,000	1,658,000
Intrinsic value of options exercised | $		$ 471	$ 292
Stock options exercised (in shares)		805,000	618,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period		10 years
Shares, granted (in shares)		269,000
Vested in period | $		$ 1,100	$ 1,700
Restricted Stock | Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Shares, granted (in shares)		100,000	100,000
Restricted Stock | Non-employee Board Members
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year	1 year
Shares, granted (in shares)		30,000	16,000
Number of awards grantees		4	3
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Minimum | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
Maximum | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares (in shares)		2,500
Aggregate fair market value of common stock | $		$ 25
Percentage on market value of common stock		85%
Share-based compensation, expense | $		$ 23	$ 17
Amended 2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares)	5,000,000
Shares authorized under the plan (in shares)	8,500,000
2014 Inventive Plan and 2005 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized under the plan (in shares)				6,132,593

EMPLOYEE STOCK PURCHASE PLAN _4

EMPLOYEE STOCK PURCHASE PLAN AND STOCK PLAN - Schedule of Employee Share Purchases (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Shares purchased (in shares)	50	45
Average price per share (in dollars per share)	$ 2.64	$ 2.16

EMPLOYEE STOCK PURCHASE PLAN _5

EMPLOYEE STOCK PURCHASE PLAN AND STOCK PLAN - Schedule of Stock Option Plan Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Shares
Beginning balance (in shares)	5,969	5,462
Granted (in shares)	1,096	1,658
Exercised (in shares)	(805)	(618)
Forfeited/Canceled (in shares)	(82)	(533)
Ending balance (in shares)	6,178	5,969
Vested or expected to vest (in shares)	6,178
Exercisable (in shares)	3,582
Weighted Average Exercise Price per Share
Beginning balance (in dollars per share)	$ 3.39	$ 3.56
Granted (in dollars per share)	3.60	3.11
Exercised (in dollars per share)	2.60	2.49
Forfeited/canceled (in dollars per share)	3.12	5.31
Ending balance (in dollars per share)	3.54	$ 3.39
Vested or expected to vest (in dollars per share)	3.54
Exercisable (in dollars per share)	$ 3.80
Weighted Average Contractual Life (In years) and Aggregate Intrinsic Value
Weighted average contractual life (in years), outstanding	5 years 11 months 26 days
Weighted average contractual life (in years), vested or expected to vest	5 years 11 months 26 days
Weighted average contractual life (in years), exercisable	4 years 3 months 3 days
Aggregate intrinsic value, outstanding	$ 2,740
Aggregate intrinsic value, vested or expected to vest	2,740
Aggregate intrinsic value, exercisable	$ 2,105

EMPLOYEE STOCK PURCHASE PLAN _6

EMPLOYEE STOCK PURCHASE PLAN AND STOCK PLAN - Schedule of Non-vested Stock Options (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Shares
Beginning balance (in shares)	2,350
Granted (in shares)	1,096	1,658
Vested (in shares)	(835)
Forfeited/Canceled (in shares)	(15)
Ending balance (in shares)	2,596	2,350
Weighted Average Grant Date
Beginning balance (in dollars per share)	$ 0.96
Weighted average fair value of option (in dollars per share)	1.28	$ 0.96
Vested (in dollars per share)	0.94
Forfeited/Canceled (in dollars per share)	1.14
Ending balance (in dollars per share)	$ 1.10	$ 0.96

EMPLOYEE STOCK PURCHASE PLAN _7

EMPLOYEE STOCK PURCHASE PLAN AND STOCK PLAN - Schedule of Range of Exercise Price for Options Outstanding (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement, options, outstanding, number (in shares)	6,178	5,969	5,462
$1.14 – $2.64
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of exercise price range minimum (in dollars per share)	$ 1.14
Range of exercise price range maximum (in dollars per share)	$ 2.64
Share-based compensation arrangement, options, outstanding, number (in shares)	2,218
$3.20 – $4.75
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of exercise price range minimum (in dollars per share)	$ 3.20
Range of exercise price range maximum (in dollars per share)	$ 4.75
Share-based compensation arrangement, options, outstanding, number (in shares)	3,196
$6.16 – $7.19
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of exercise price range minimum (in dollars per share)	$ 6.16
Range of exercise price range maximum (in dollars per share)	$ 7.19
Share-based compensation arrangement, options, outstanding, number (in shares)	392
$8.89 – $9.09
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of exercise price range minimum (in dollars per share)	$ 8.89
Range of exercise price range maximum (in dollars per share)	$ 9.09
Share-based compensation arrangement, options, outstanding, number (in shares)	372

EMPLOYEE STOCK PURCHASE PLAN _8

EMPLOYEE STOCK PURCHASE PLAN AND STOCK PLAN - Schedule of Nonvested Restricted Stock Options (Details) - Restricted Stock shares in Thousands	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Shares
Beginning balance (in shares) | shares	719
Granted (in shares) | shares	269
Vested (in shares) | shares	(365)
Forfeited/Canceled (in shares) | shares	0
Ending balance (in shares) | shares	623
Weighted Average Grant Date
Beginning balance (in dollars per share) | $ / shares	$ 2.35
Granted (in dollars per share) | $ / shares	3.31
Vested (in dollars per share) | $ / shares	2.40
Forfeited/Canceled (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) | $ / shares	$ 2.73

RETIREMENT PLANS (Details)

RETIREMENT PLANS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Contribution Plan Disclosure [Line Items]
Employer contribution	20%
Percentage of employee's compensation	4%
Defined contribution plan, cost recognized	$ 0.5	$ 0.4
Eligible Employees
Defined Contribution Plan Disclosure [Line Items]
Employee contribution	75%
Highly Compensated Employees
Defined Contribution Plan Disclosure [Line Items]
Employee contribution	6%

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Cash equivalents	$ 1.2	$ 1.7
Notes payable	40
Notes payable, fair value disclosure	$ 40