Core-Mark Hldg (CORE) 10-Q 7 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 03, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Core-Mark Holding Company, Inc.
Trading Symbol	CORE
Entity Central Index Key	1,318,084
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		46,191,446

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 55.8	$ 26.4
Restricted cash	0	15.3
Accounts receivable, net of allowance for doubtful accounts of $7.1 as of September 30, 2017 and December 31, 2016	458.6	365.9
Other receivables, net	101.1	106.5
Inventories, net (Note 4)	626.7	596.6
Deposits and prepayments	54.6	82.8
Total current assets	1,296.8	1,193.5
Property and equipment, net	250.4	194.7
Goodwill	79.4	36
Other intangible assets, net	58.7	41.5
Other non-current assets, net	23.7	26.5
Total assets	1,709	1,492.2
Current liabilities:
Accounts payable	173.2	119.2
Book overdrafts	45.4	37.9
Cigarette and tobacco taxes payable	240.8	259.8
Accrued liabilities	141.4	131.8
Total current liabilities	600.8	548.7
Long-term debt (Note 5)	500.3	347.7
Deferred income taxes	27.6	25.3
Other long-term liabilities	14.1	11.5
Claims liabilities	26.3	26.8
Pension liabilities	2.3	2.4
Total liabilities	1,171.4	962.4
Contingencies (Note 6)
Stockholders’ equity:
Common stock, $0.01 par value (100,000,000 shares authorized, 52,397,668 and 52,227,511 shares issued; 46,191,446 and 46,152,958 shares outstanding at September 30, 2017 and December 31, 2016, respectively)	0.5	0.5
Additional paid-in capital	275.3	275.5
Treasury stock at cost (6,206,222 and 6,074,553 shares of common stock at September 30, 2017 and December 31, 2016, respectively)	(74.3)	(70.7)
Retained earnings	348.9	338.7
Accumulated other comprehensive loss	(12.8)	(14.2)
Total stockholders’ equity	537.6	529.8
Total liabilities and stockholders’ equity	$ 1,709	$ 1,492.2

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Allowance for doubtful accounts	$ 7.1	$ 7.1
Stockholders' equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	52,397,668	52,227,511
Common stock, shares outstanding (in shares)	46,191,446	46,152,958
Treasury stock, shares (in shares)	6,206,222	6,074,553

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Net sales	$ 4,310.7	$ 3,993.9	$ 11,615.6	$ 10,692.6
Cost of goods sold	4,088.5	3,795	11,033.3	10,154.7
Gross profit	222.2	198.9	582.3	537.9
Warehousing and distribution expenses	137.4	117.4	370.1	315
Selling, general and administrative expenses	57	57.6	166.5	160
Amortization of intangible assets	2.4	1.7	6	3.8
Total operating expenses	196.8	176.7	542.6	478.8
Income from operations	25.4	22.2	39.7	59.1
Interest expense	(3.9)	(1.5)	(7.9)	(3.3)
Interest income	0.1	0	0.2	0.1
Foreign currency transaction gains (loss), net	0.2	(0.5)	1.9	(0.1)
Income before income taxes	21.8	20.2	33.9	55.8
Provision for income taxes	(8.1)	(6.7)	(11.2)	(20.3)
Net income	$ 13.7	$ 13.5	$ 22.7	$ 35.5
Basic net income per common share (in dollars per share)	$ 0.29	$ 0.29	$ 0.49	$ 0.77
Diluted net income per common share (in dollars per share)	$ 0.29	$ 0.29	$ 0.49	$ 0.76
Basic weighted-average shares (in shares)	46.3	46.3	46.3	46.3
Diluted weighted-average shares (in shares)	46.4	46.5	46.4	46.5
Dividends declared per common share (in dollars per share)	$ 0.09	$ 0.08	$ 0.27	$ 0.24
Dividends paid per common share (usd per share)	$ 0.09	$ 0.08	$ 0.27	$ 0.24

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 13.7	$ 13.5	$ 22.7	$ 35.5
Other comprehensive income, net of tax:
Defined benefit plan adjustments	0.1	0.3	0.2	0.5
Foreign currency translation gains (loss), net	2.8	(0.2)	1.2	1.6
Other comprehensive income, net of tax	2.9	0.1	1.4	2.1
Comprehensive income	$ 16.6	$ 13.6	$ 24.1	$ 37.6

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income	$ 22.7	$ 35.5
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
LIFO and inventory provisions	14.6	10
Amortization of debt issuance costs	0.6	0.3
Stock-based compensation expense	3.5	5.5
Bad debt expense, net	0.9	1.6
Depreciation and amortization	39.6	31.2
Foreign currency (gains) loss, net	(1.9)	0.1
Deferred income taxes	2.1	3.6
Pension settlement expenses	0	1.2
Changes in operating assets and liabilities:
Accounts receivable, net	(48.7)	(48.6)
Other receivables, net	6.2	(39.2)
Inventories, net	(2.7)	(74.3)
Deposits, prepayments and other non-current assets	36.3	(31.6)
Accounts payable	53.5	(25.9)
Cigarette and tobacco taxes payable	(23)	36.2
Pension, claims, accrued and other long-term liabilities	5.6	39.3
Excess tax deductions associated with stock-based compensation	0	(2.8)
Net cash provided by (used in) operating activities	109.3	(57.9)
Cash flows from investing activities:
Acquisition of business	(169)	(88.4)
Change in restricted cash	15.3	0.5
Additions to property and equipment, net	(44)	(44.5)
Capitalization of software and related development costs	(3.4)	(5.1)
Net cash used in investing activities	(201.1)	(137.5)
Cash flows from financing activities:
Borrowings under revolving credit facility	1,273.9	1,164.8
Repayments under revolving credit facility	(1,135.9)	(949.9)
Payments of financing costs	(1.8)	(1.5)
Payments on capital leases	(1.5)	(1.8)
Dividends paid	(12.6)	(11.3)
Repurchases of common stock	(3.6)	(7.2)
Proceeds from exercise of common stock options	0	0.3
Tax withholdings related to net share settlements of restricted stock units	(3.6)	(5.4)
Excess tax deductions associated with stock-based compensation	0	2.8
Increase in book overdrafts	7.4	13.7
Net cash provided by financing activities	122.3	204.5
Effects of changes in foreign exchange rates	(1.1)	1.3
Change in cash and cash equivalents	29.4	10.4
Cash and cash equivalents, beginning of period	26.4	12.5
Cash and cash equivalents, end of period	55.8	22.9
Cash paid during the period for:
Income taxes, net	13	14.4
Interest	6.5	2.3
Non-cash capital lease obligations incurred	0.7	0.2
Non-cash indemnification holdback	5	0
Unpaid property and equipment purchases included in accrued liabilities	$ 0.3	$ 1.3

Summary of Company Information

Summary of Company Information	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Company Information	Summary of Company Information Business Core-Mark Holding Company, Inc., together with its subsidiaries (referred to herein as “the Company” or “Core-Mark”), is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. The Company offers a full range of products, marketing programs and technology solutions to approximately 46,000 customer locations in the United States (“U.S.”) and Canada. The Company’s customers include traditional convenience stores, drug stores, grocery stores, liquor stores and other specialty and small-format stores that carry convenience products. The Company’s product offering includes cigarettes, other tobacco products, candy, snacks, fast food, groceries, fresh products, dairy, bread, beverages, general merchandise and health and beauty care products. The Company operates a network of 32 distribution centers in the U.S. and Canada (excluding two distribution facilities it operates as a third-party logistics provider). Twenty-seven distribution centers are located in the U.S. and five are located in Canada.

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated balance sheets as of September 30, 2017 , and December 31, 2016 , the unaudited condensed consolidated statements of operations and comprehensive income for the three and nine months ended September 30, 2017 and 2016 , and the unaudited condensed consolidated statements of cash flows for the nine months ended September 30, 2017 and 2016 , have been prepared in accordance with the requirements of the U.S. Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, certain footnotes and other financial information that are normally required by generally accepted accounting principles in the U.S. (“GAAP”) have been condensed or omitted. The unaudited condensed consolidated balance sheet as of December 31, 2016 has been derived from the Company’s audited financial statements, which are included in its 2016 Annual Report on Form 10-K, filed with the SEC on March 1, 2017 . The unaudited condensed consolidated interim financial statements should be read in conjunction with the Company’s audited consolidated financial statements in its Annual Report on Form 10-K, for the year ended December 31, 2016 . The unaudited condensed consolidated interim financial statements include all adjustments necessary for the fair presentation of the Company's consolidated results of operations, financial position, comprehensive income and cash flows. Results for the interim periods are not necessarily indicative of results to be expected for the full year or any other future periods. All intercompany balances and transactions have been eliminated in the unaudited condensed consolidated interim financial statements. Certain prior period amounts included in the consolidated financial statements have been reclassified to conform to the current period presentation. Adoption of Accounting Pronouncements On March 30, 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-09, Compensation - Stock Compensation: Topic 718: Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). The Company adopted this pronouncement on a prospective basis effective January 1, 2017. The new guidance simplifies several aspects of how companies account for share-based compensation, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statements of cash flows. ASU 2016-09 was effective for annual periods beginning after December 15, 2016. As a result of the adoption, the Company recognized excess tax benefits in net income of approximately $1.5 million for the nine months ended September 30, 2017 . Also as a result of the adoption, excess tax benefits are included in operating activities rather than classified as a financing activity on the statement of cash flows on a prospective basis. The Company will maintain the current policy of estimating forfeitures expected to occur to determine stock-based compensation expense. On November 20, 2015, the FASB issued ASU No. 2015-17, Income Taxes: Balance Sheet Classification of Deferred Taxes: Topic 740 . ASU 2015-17 was effective for annual periods beginning after December 15, 2016. The Company adopted this pronouncement on a retrospective basis effective January 1, 2017, and reclassified its consolidated balance sheet to present all deferred income tax assets and liabilities as non-current. As a result of this adoption, amounts previously presented as current deferred income tax assets of $4.7 million as of December 31, 2016, were reclassified to net non-current deferred income tax liabilities. Similarly, amounts previously presented as current deferred income tax liabilities of $0.1 million were reclassified to net non-current deferred income tax assets. Recent Accounting Standards or Updates Not Yet Effective On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: (Topic 606) , to supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. This standard is effective for the Company in the first quarter of 2018. The Company will adopt this standard using the modified retrospective method. As a result of its assessment, the Company has identified the following areas that are expected to be relevant to the financial statements: (i) presentation of certain items, including excise taxes on a gross or net basis; (ii) deferral and amortization of contract fulfillment costs; (iii) recognition of contract assets and liabilities for certain contracts that are performed but not completed; and (iv) the timing of recognition of variable consideration received from vendors and paid to customers. Based on work undertaken to date, the new revenue standard is not expected to have a material impact on the amount and timing of revenue recognized in the Company's consolidated financial statements. Once adopted, the Company will provide expanded disclosures regarding the characteristics of its revenue. On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which supersedes existing lease guidance. The new guidance increases transparency by requiring lessees to recognize right-of-use assets and corresponding lease liabilities on the balance sheet. This standard is effective for annual periods beginning after December 15, 2018, although early adoption is permitted. The Company believes the new standard will have a material impact on its consolidated balance sheets. The Company is currently quantifying the impact and evaluating its approach to adopting ASU 2016-02 on its consolidated financial statements. On November 17, 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash . The new guidance requires the statements of cash flows to reconcile the changes in the total of cash, cash equivalents, and restricted cash. As a result, transfers between cash and cash equivalents, and restricted cash and restricted cash equivalents will no longer be presented in the statement of cash flows. ASU 2016-18 is effective for annual periods beginning after December 15, 2017, although early adoption is permitted. As a result of this pronouncement, the Company expects that it will combine its historical movements of restricted cash, with those of non-restricted cash and cash equivalents, as reflected in the Company’s Consolidated Statements of Cash Flows. On January 26, 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . The new guidance simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. ASU 2017-04 requires goodwill impairment to be measured as the amount by which a reporting unit’s carrying amount exceeds its fair value, not to exceed the carrying amount of its goodwill. ASU 2017-04 requires prospective application and is effective for annual periods beginning after December 15, 2019. The Company believes ASU 2017-04 will amend its methodology for determining any goodwill impairment calculations beginning in 2020. On March 10, 2017, the FASB issued ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Benefit Cost . The new guidance requires employers that sponsor defined benefit pension and other post-retirement plans to present the service cost component of net benefit cost in the same income statement line item as other employee compensation costs arising from services rendered and further requires that only the service cost component will be eligible for capitalization. The other components of the net periodic benefit cost must be presented separately from the line item that includes the service cost component and outside of the income from operations subtotal. ASU 2017-07 is effective for annual periods beginning after December 15, 2017, although early adoption is permitted. The update may result in retrospective re-classification of costs. There will be no impact on consolidated net income. On September 14, 2016, the Board of Directors approved the termination of the Company’s qualified defined-benefit pension plan. The Company expects its pension liabilities will be settled through either lump sum payments or purchased annuities by December 31, 2017. Concentration of Credit Risks Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash investments, accounts receivable and other receivables. The Company places its cash and cash equivalents in short-term instruments with high-quality financial institutions and limits the amount of credit exposure in any one financial instrument. The Company pursues amounts and incentives due from vendors in the normal course of business and is often allowed to deduct these amounts and incentives from payments made to vendors. A credit review is completed for new customers and ongoing credit evaluations of each customer’s financial condition are performed periodically, with reserves maintained for potential credit losses. Credit limits given to customers are based on a risk assessment of their ability to pay and other factors. Accounts receivable are typically not collateralized, but the Company may require prepayments or other guarantees whenever deemed necessary. Murphy U.S.A., the Company's largest customer, accounted for approximately 11.4% , and 12.3% o f the Company’s net sales for the three and nine months ended September 30, 2017 , respectively. No other customers individually accounted for more than 10% of sales for these periods. The Company had two customers during the same periods in 2016 that each accounted for more than 10% of sales. These customers, Murphy U.S.A., and Alimentation Couche-Tard, Inc., together represented approximately 23% of the Company's sales for the three and nine months ended September 30, 2016 . No single customer accounted for 10% or more of the Company’s accounts receivables as of September 30, 2017 or December 31, 2016 .

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Acquisition	Acquisition On July 10, 2017 , the Company completed the acquisition of substantially all of the assets of Farner-Bocken Company ("Farner-Bocken"), a regional convenience wholesaler headquartered in Carroll, Iowa. The acquisition increased the Company’s market presence primarily in the Midwestern U.S. and will further enhance the Company’s ability to cost effectively service national and regional retailers. The acquisition was accounted for as a business combination in accordance with ASC 805 - Business Combinations . The total purchase consideration was approximately $174.0 million , of which, $169.0 million was paid at closing. The remaining $5.0 million indemnity holdback will be released in annual installments over two years from the date of the agreement, less amounts related to indemnification claims made pursuant to the purchase agreement, if any. The acquisition was funded through borrowings under the Company's revolving credit facility. As a result of the acquisition, the number of customer locations the Company services increased by approximately 4,500 . The fair values of the assets acquired and liabilities assumed were preliminarily determined using the income, cost and market approaches. The following table presents the assets acquired and liabilities assumed, based on their fair values and purchase consideration as of the acquisition date (in millions): July 10, 2017 Accounts receivable $ 43.2 Other receivables 0.4 Inventories 35.5 Deposits and prepayments 10.2 Property and equipment 39.5 Goodwill 43.4 Other intangible assets 20.5 Less: Capital lease liability (16.7 ) Less: Accrued liabilities, and other (2.0 ) Total consideration $ 174.0 The fair values are based on preliminary estimates and are subject to change as the Company obtains additional information during the measurement period (up to one year from the acquisition date). The Company determined the fair values of intangible assets acquired with the assistance of independent valuation consultants. Based on the preliminary valuation, intangible assets acquired include the following (in millions): Fair Value in Millions Useful Life in Years Customer relationships $ 17.6 10-12 Non-competition agreements 0.1 4-6 Trade names 2.8 1-2 Total Other intangible assets $ 20.5 The results of Farner-Bocken's operations have been included in the Company’s unaudited condensed consolidated interim financial statements since the date of acquisition. The Company incurred $0.3 million and $1.7 million of acquisition-related costs, which are included in selling, general and administrative expenses for the three and nine months ended September 30, 2017 . Simultaneous with the closing of the acquisition, the Company executed a capital lease for a warehouse facility in Carroll, Iowa. The lease has an initial 15 year term and a capital lease obligation of $16.7 million as of September 30, 2017 . Supplemental Pro Forma Information The following unaudited supplemental pro forma information for the three and nine months ended September 30, 2017 , assumes the asset acquisition of Farner-Bocken had occurred as of January 1, 2016, giving effect on a pro forma basis to purchase accounting adjustments such as depreciation of property and equipment, amortization of intangible assets, and acquisition-related costs. The pro forma data is for informational purposes only and may not necessarily reflect the actual results of operations had the assets of Farner-Bocken been operated as part of the Company since January 1, 2016. Furthermore, the pro forma results do not intend to project the future results of operations of the Company. The following table presents consolidated unaudited pro forma results of operations for the three and nine months ended September 30, assuming the acquisition of Farner-Bocken had occurred as of January 1, 2016 (in millions, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2017 [1] 2016 [1] 2017 [1] 2016 [1] Pro forma Pro forma Pro forma Pro forma Net sales $ 4,310.7 $ 4,356.2 $ 12,355.9 $ 11,702.0 Net income 13.9 16.8 27.6 42.5 Basic earnings per share $ 0.30 $ 0.36 $ 0.60 $ 0.92 Diluted earnings per share 0.30 0.36 0.59 0.91 (1) Includes consolidated results of Farner-Bocken.

Inventories, net

Inventories, net	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Inventories, net	Inventories, net Inventories consist of the following (in millions): September 30, December 31, Inventories at FIFO, net of reserves $ 771.9 $ 727.0 Less: LIFO reserve (145.2 ) (130.4 ) Total inventories at LIFO, net of reserves $ 626.7 $ 596.6 Cost of goods sold reflects the application of the last-in, first-out (“LIFO”) method of valuing inventories in the U.S. based upon estimated annual producer price indexes. Inventories in Canada are valued on a first-in, first-out (“FIFO”) basis, as LIFO is not a permitted inventory valuation method in Canada. During periods of rising prices, the LIFO method of costing inventories generally results in higher current costs being charged against income while lower costs are retained in inventories. Conversely, during periods of decreasing prices, the LIFO method of costing inventories generally results in lower current costs being charged against income and higher stated inventories. If the FIFO method had been used for valuing inventories in the U.S., inventories would have been approximately $145.2 million and $130.4 million higher as of September 30, 2017 and December 31, 2016, respectively. The Company recorded LIFO expense of $6.0 million and $3.7 million for the three months ended September 30, 2017 and 2016 , respectively, and $14.8 million and $10.0 million for the nine months ended September 30, 2017 and 2016 , respectively.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Long-term debt consists of the following (in millions): September 30, December 31, Amounts borrowed under Credit Facility $ 474.0 $ 336.0 Obligations under capital leases 26.3 11.7 Total long-term debt $ 500.3 $ 347.7 The Company has a revolving credit facility (“Credit Facility”) with a capacity of $750 million , as of September 30, 2017 , limited by a borrowing base consisting of eligible accounts receivable and inventories. On March 28, 2017 , the Company entered into a tenth amendment to the Credit Facility (the "Tenth Amendment"), which increased the size of the Credit Facility from $600 million to $750 million and extended the maturity of the facility to March 2022 . The Credit Facility has an expansion feature, which can be increased up to an additional $200 million . All obligations under the Credit Facility are secured by first-priority liens on substantially all of the Company’s present and future assets. The terms of the Credit Facility permit prepayment without penalty at any time (subject to customary breakage costs with respect to London Interbank Offer Rate ("LIBOR") or Canadian Dollar Offer Rate ("CDOR") based loans prepaid prior to the end of an interest period. The Company incurred fees of approximately $1.8 million in connection with the Tenth Amendment. Amounts borrowed, outstanding letters of credit and amounts available to borrow, net of certain reserves required under the Credit Facility, were as follows (in millions): September 30, December 31, Amounts borrowed $ 474.0 $ 336.0 Outstanding letters of credit 14.2 17.4 Amounts available to borrow (1) 249.2 224.8 ___________________________________________ (1) Excluding expansion features as of September 30, 2017 and December 31, 2016 of $200.0 million and $100.0 million , respectively. Average borrowings during the three and nine months ended September 30, 2017 were $465.9 million and $325.2 million , respectively, with amounts borrowed at any one time outstanding ranging from $165.0 million to $605.0 million . The increase in borrowings was due primarily to the cash payment for the acquisition of Farner-Bocken of $169.0 million , which was completed on July 10, 2017 , and a temporary increase in inventory in anticipation of cigarette price increases, which occurred in September 2017. For the three and nine months ended September 30, 2016 , average borrowings were $228.8 million and $139.1 million , respectively, with amounts borrowed at any one time outstanding, ranging from zero to $280.0 million . The weighted-average interest rates on the Credit Facility for the three and nine months ended September 30, 2017 were 2.5% and 2.3% , respectively, compared to 1.7% for both the same periods in 2016 . The weighted-average interest rate is calculated based on the daily cost of borrowing, reflecting a blend of prime and LIBOR rates. The Company paid fees for unused facility and letter of credit participation, which are included in interest expense, of $0.2 million and $0.8 million during the three and nine months ended September 30, 2017 , and $0.1 million and $0.5 million during the three and nine months ended September 30, 2016 , respectively. The Company recorded charges related to amortization of debt issuance costs, which are included in interest expense, of $0.2 million and $0.6 million for the three and nine months ended September 30, 2017 , respectively, compared to $0.1 million and $0.3 million for the three months and nine months ended September 30, 2016 , respectively. Unamortized debt issuance costs were $3.5 million and $2.3 million as of September 30, 2017 and December 31, 2016 , respectively.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Litigation The Company is subject to certain legal proceedings, claims, investigations and administrative proceedings in the ordinary course of its business. The Company records a provision for a liability when it is both probable that the liability has been incurred and the amount of the liability can be reasonably estimated. These provisions, if any, are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel and other information and events pertaining to a particular case. In the opinion of management, the outcome of pending litigation is not expected to have a material effect on the Company's results of operations, financial condition or liquidity.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate was 37.2% and 33.0% for the three and nine months ended September 30, 2017 , respectively, compared to 33.2% and 36.4% for the same periods in 2016. A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate and income tax provision is as follows (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Federal income tax provision at the statutory rate $ 7.7 35.0 % $ 7.1 35.0 % $ 11.9 35.0 % $ 19.5 35.0 % Increase (decrease) resulting from: State income taxes, net of federal benefit 0.8 3.9 0.7 3.4 1.3 3.8 1.9 3.3 Decrease in unrecognized tax benefits (inclusive of related interest and penalty) (0.3 ) (1.3 ) (0.4 ) (1.8 ) (0.3 ) (0.8 ) (0.4 ) (0.7 ) Excess tax benefits from stock-based award payments (1) — — — — (1.5 ) (4.5 ) — — Tax credits and other, net (0.1 ) (0.4 ) (0.7 ) (3.4 ) (0.2 ) (0.5 ) (0.7 ) (1.2 ) Income tax provision $ 8.1 37.2 % $ 6.7 33.2 % $ 11.2 33.0 % $ 20.3 36.4 % (1) As the result of the adoption of ASU 2016-09, the Company recognized excess tax benefits of approximately $1.5 million , for the nine months ended September 30, 2017 . The Company had no unrecognized tax benefits related to federal, state and foreign taxes at September 30, 2017 and had approximately $0.2 million unrecognized tax benefits related to federal, state and foreign taxes at December 31, 2016 . The Company files U.S. federal, state and foreign income tax returns in jurisdictions with varying statutes of limitations. The 2014 to 2016 tax years remain subject to examination by federal and state authorities. The 2012 and 2013 tax years are still open for certain state tax authorities. The 2010 to 2016 tax years remain subject to examination by the tax authorities in Canada.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company sponsored a qualified defined-benefit pension plan and a post-retirement benefit plan (collectively, “the Pension Plans”). The Pension Plans were frozen as of September 30, 1986, and since then there have been no new entrants to the Pension Plans. On September 14, 2016, the Board of Directors approved the termination of the Company’s qualified defined-benefit pension plan. The Company expects its pension liabilities will be settled through either lump sum payments or purchased annuities by December 31, 2017. At settlement, the Company expects to recognize a non-cash charge related to unrecognized actuarial losses in accumulated other comprehensive income (loss) of between $17.0 million and $19.0 million . Settling the plan will eliminate cash contributions, lower future expenses and eliminate the risk of rising Pension Benefit Guaranty Corporation premiums. The following table provides the components of the net periodic benefit cost of the qualified defined-benefit pension plan (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 PENSION BENEFITS COST Interest cost $ 0.3 $ 0.3 $ 0.9 $ 0.9 Expected return on plan assets (0.3 ) (0.4 ) (0.7 ) (1.4 ) Amortization of net actuarial loss 0.2 0.1 0.6 0.5 Settlement charge — 1.2 — 1.2 Net periodic benefit cost $ 0.2 $ 1.2 $ 0.8 $ 1.2 The Company earned less than $0.1 million and $0.2 million in net periodic benefit income related to the post-retirement benefit plan for the three and nine months ended September 30, 2017 , respectively, compared to $0.1 million in net periodic benefit costs for the three and nine months ended September 30, 2016 . The Company made no contributions to the Pension Plans during the three and nine months ended September 30, 2017 . The Company made total contributions of $1.9 million during the same periods in 2016 . During the remainder of 2017 , the Company expects to contribute a total of $0.1 million to the post-retirement benefit plan and between $4.0 million to $6.0 million to the defined-benefit pension plan, primarily as a result of the expected termination of the plan.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted net income per common share (dollars and shares in millions, except per share amounts): Three Months Ended September 30, 2017 2016 Net Income Weighted-Average Net Income Per Common Share Net Income Weighted-Average Net Income Per Common Share Basic EPS (1) $ 13.7 46.3 $ 0.29 $ 13.5 46.3 $ 0.29 Effect of dilutive common share equivalents: Restricted stock units — — — — 0.1 — Performance shares — 0.1 — — 0.1 — Diluted EPS (1) $ 13.7 46.4 $ 0.29 $ 13.5 46.5 $ 0.29 ___________________________________________ (1) Basic and diluted earnings per share are calculated based on unrounded actual amounts. Nine Months Ended September 30, 2017 2016 Net Income Weighted-Average Net Income Per Common Share Net Income Weighted-Average Net Income Per Common Share Basic EPS (1) $ 22.7 46.3 $ 0.49 $ 35.5 46.3 $ 0.77 Effect of dilutive common share equivalents: Restricted stock units — — — — 0.1 (0.01 ) Performance shares — 0.1 — — 0.1 — Diluted EPS (1) $ 22.7 46.4 $ 0.49 $ 35.5 46.5 $ 0.76 ___________________________________________ (1) Basic and diluted earnings per share are calculated based on unrounded actual amounts. The number of unvested common shares that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive were 147,625 and 278,482 , for the three and nine months ended September 30, 2017 , respectively, and 6,457 and 308,195 , for the same periods in 2016 , respectively.

Stock-based Compensation Plans

Stock-based Compensation Plans	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation Plans	Stock-based Compensation Plans Grant Activities During the nine months ended September 30, 2017 and 2016 , the Company granted 167,086 and 124,077 time-vesting restricted stock units to employees and non-employee directors under the 2010 Long-Term Incentive Plan at a weighted-average grant date fair value of $38.78 and $38.21 , respectively. For the nine months ended September 30, 2017 , the Company granted 126,220 performance-based restricted stock units to certain of its employees at a weighted-average grant date fair value of $39.34 . The 126,220 performance shares represent the maximum number that can be earned. The number of performance shares that employees ultimately earn will be based on the Company’s achievement of certain specified performance targets for the full year of 2017 , to be measured in early 2018 . For the nine months ended September 30, 2016 , the Company granted 156,576 performance-based shares to certain of its employees at a weighted-average grant date fair value of $38.47 , of which none were ultimately earned and the shares have been canceled. Stock-based Compensation Cost Total stock-based compensation cost recognized in the unaudited condensed consolidated statements of operations as a component of selling, general and administrative expenses was $1.2 million and $1.9 million for the three months ended September 30, 2017 and 2016 , respectively. During the nine months ended September 30, 2017 and 2016 , the Company recognized stock-based compensation cost of $3.5 million and $5.5 million , respectively. Total unrecognized compensation cost related to unvested share-based compensation arrangements was $10.6 million at September 30, 2017 , which is expected to be recognized over a weighted-average period of 1.7 years. Total unrecognized compensation cost may be adjusted for any unearned performance shares or forfeited shares.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Dividends The Board of Directors approved the following cash dividends in 2017 (in millions, except per share data): Declaration Date Dividends Per Share Record Date Cash Payment Amount Payment Date February 28, 2017 $0.09 March 13, 2017 $4.2 March 28, 2017 May 8, 2017 $0.09 May 25, 2017 $4.2 June 22, 2017 August 7, 2017 $0.09 August 29, 2017 $4.2 September 15, 2017 November 6, 2017 $0.10 November 28, 2017 N/A (1) December 22, 2017 ___________________________________________ (1) Amount will be determined based on common stock outstanding as of the record date. Repurchase of Common Stock On August 28, 2017 , the Company's Board of Directors authorized a new $40.0 million stock repurchase program (the "Program"). At the time of the approval, we had $0.2 million remaining under our prior stock repurchase program which was subsequently retired unused. The timing, price and volume of purchases under the Program are based on market conditions, cash and liquidity requirements, relevant securities laws and other factors. The Program may be discontinued or amended at any time. The Program has no expiration date and terminates when the amount authorized has been expended or the Board withdraws its authorization. As of September 30, 2017 , there was $38.6 million available for future share repurchases under the Program. The following table summarizes the Company’s stock repurchase activities (in millions, except share and per share data): Three Months Ended Nine Months Ended September 30, (1) September 30, (1) 2017 2016 2017 2016 Number of shares repurchased 131,669 99,210 131,669 188,126 Average price per share $ 27.74 $ 37.77 $ 27.74 $ 38.52 Total repurchase costs $ 3.6 $ 3.7 $ 3.6 $ 7.2 (1) Amounts have been rounded for presentation purposes and might differ from unrounded results.

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment and Geographic Information	Segment and Geographic Information The Company identifies its operating segments based primarily on the methods used by the Chief Operating Decision Maker (“CODM”) to evaluate performance and make decisions. From the perspective of the CODM, the Company is engaged primarily in the business of distributing packaged consumer products to convenience retail stores in the U.S. and Canada, which consists of customers that have similar characteristics. Therefore, the Company has determined that it has two operating segments, U.S. and Canada that aggregate to one reportable segment. Additionally, the Company presents its segment reporting information based on business operations for each of the two geographic areas in which it operates and also by major product category. Information about the Company’s business operations based on geographic areas is as follows (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Net sales: United States $ 3,904.6 $ 3,591.0 $ 10,539.9 $ 9,634.3 Canada 394.5 387.7 1,045.1 1,030.2 Corporate (1) 11.6 15.2 30.6 28.1 Total $ 4,310.7 $ 3,993.9 $ 11,615.6 $ 10,692.6 Income (loss) before income taxes: United States $ 27.2 $ 24.8 $ 42.8 $ 59.1 Canada 2.2 2.3 6.3 3.4 Corporate (2) (7.6 ) (6.9 ) (15.2 ) (6.7 ) Total $ 21.8 $ 20.2 $ 33.9 $ 55.8 Interest expense: United States $ 13.1 $ 9.9 $ 34.6 $ 29.7 Canada 0.1 0.2 0.6 0.7 Corporate (3) (9.3 ) (8.6 ) (27.3 ) (27.1 ) Total $ 3.9 $ 1.5 $ 7.9 $ 3.3 Depreciation and amortization: United States $ 10.3 $ 7.7 $ 27.7 $ 22.5 Canada 0.6 0.7 1.8 1.9 Corporate (4) 4.4 3.0 10.1 6.8 Total $ 15.3 $ 11.4 $ 39.6 $ 31.2 Capital expenditures: United States $ 12.7 $ 21.1 $ 42.6 $ 42.9 Canada 0.5 0.6 1.4 1.6 Total $ 13.2 $ 21.7 $ 44.0 $ 44.5 ___________________________________________ (1) Consists primarily of external sales made by the Company’s consolidating warehouses, management service fee revenue, allowance for sales returns and certain other sales adjustments. (2) Consists primarily of expenses and other income, such as corporate incentives and salaries, LIFO expense, health care costs, insurance and workers’ compensation adjustments, elimination of overhead allocations and foreign exchange gains or losses. (3) Consists primarily of intercompany eliminations for interest. (4) Consists primarily of depreciation for the consolidation centers and amortization of intangible assets. Identifiable assets by geographic area are as follows (in millions): September 30, December 31, Identifiable assets: United States $ 1,588.3 $ 1,312.5 Canada 120.7 179.7 Total $ 1,709.0 $ 1,492.2 The net sales mix for the Company’s primary product categories is as follows (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Product Category Net Sales Net Sales Net Sales Net Sales Cigarettes $ 2,958.6 $ 2,855.3 $ 8,111.5 $ 7,601.0 Food 447.2 387.5 1,145.5 1,047.2 Fresh 122.4 106.4 322.5 289.2 Candy 249.1 165.6 601.3 465.9 Other tobacco products 343.8 306.7 925.7 829.2 Health, beauty & general 131.7 118.0 367.8 320.5 Beverages 56.9 53.3 140.8 137.1 Equipment/other 1.0 1.1 0.5 2.5 Total food/non-food products 1,352.1 1,138.6 3,504.1 3,091.6 Total net sales $ 4,310.7 $ 3,993.9 $ 11,615.6 $ 10,692.6

Basis of Presentation and Pri19

Basis of Presentation and Principles of Consolidation (Policies)	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting	The accompanying unaudited condensed consolidated balance sheets as of September 30, 2017 , and December 31, 2016 , the unaudited condensed consolidated statements of operations and comprehensive income for the three and nine months ended September 30, 2017 and 2016 , and the unaudited condensed consolidated statements of cash flows for the nine months ended September 30, 2017 and 2016 , have been prepared in accordance with the requirements of the U.S. Securities and Exchange Commission (“SEC”) for interim reporting. Accordingly, certain footnotes and other financial information that are normally required by generally accepted accounting principles in the U.S. (“GAAP”) have been condensed or omitted. The unaudited condensed consolidated balance sheet as of December 31, 2016 has been derived from the Company’s audited financial statements, which are included in its 2016 Annual Report on Form 10-K, filed with the SEC on March 1, 2017 . The unaudited condensed consolidated interim financial statements should be read in conjunction with the Company’s audited consolidated financial statements in its Annual Report on Form 10-K, for the year ended December 31, 2016 . The unaudited condensed consolidated interim financial statements include all adjustments necessary for the fair presentation of the Company's consolidated results of operations, financial position, comprehensive income and cash flows. Results for the interim periods are not necessarily indicative of results to be expected for the full year or any other future periods.
Principles of Consolidation	All intercompany balances and transactions have been eliminated in the unaudited condensed consolidated interim financial statements.
Adoption of Accounting Pronouncements and Recent Accounting Standards or Updates Not Yet Effective	On March 30, 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-09, Compensation - Stock Compensation: Topic 718: Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). The Company adopted this pronouncement on a prospective basis effective January 1, 2017. The new guidance simplifies several aspects of how companies account for share-based compensation, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statements of cash flows. ASU 2016-09 was effective for annual periods beginning after December 15, 2016. As a result of the adoption, the Company recognized excess tax benefits in net income of approximately $1.5 million for the nine months ended September 30, 2017 . Also as a result of the adoption, excess tax benefits are included in operating activities rather than classified as a financing activity on the statement of cash flows on a prospective basis. The Company will maintain the current policy of estimating forfeitures expected to occur to determine stock-based compensation expense. On November 20, 2015, the FASB issued ASU No. 2015-17, Income Taxes: Balance Sheet Classification of Deferred Taxes: Topic 740 . ASU 2015-17 was effective for annual periods beginning after December 15, 2016. The Company adopted this pronouncement on a retrospective basis effective January 1, 2017, and reclassified its consolidated balance sheet to present all deferred income tax assets and liabilities as non-current. As a result of this adoption, amounts previously presented as current deferred income tax assets of $4.7 million as of December 31, 2016, were reclassified to net non-current deferred income tax liabilities. Similarly, amounts previously presented as current deferred income tax liabilities of $0.1 million were reclassified to net non-current deferred income tax assets. Recent Accounting Standards or Updates Not Yet Effective On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: (Topic 606) , to supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. This standard is effective for the Company in the first quarter of 2018. The Company will adopt this standard using the modified retrospective method. As a result of its assessment, the Company has identified the following areas that are expected to be relevant to the financial statements: (i) presentation of certain items, including excise taxes on a gross or net basis; (ii) deferral and amortization of contract fulfillment costs; (iii) recognition of contract assets and liabilities for certain contracts that are performed but not completed; and (iv) the timing of recognition of variable consideration received from vendors and paid to customers. Based on work undertaken to date, the new revenue standard is not expected to have a material impact on the amount and timing of revenue recognized in the Company's consolidated financial statements. Once adopted, the Company will provide expanded disclosures regarding the characteristics of its revenue. On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which supersedes existing lease guidance. The new guidance increases transparency by requiring lessees to recognize right-of-use assets and corresponding lease liabilities on the balance sheet. This standard is effective for annual periods beginning after December 15, 2018, although early adoption is permitted. The Company believes the new standard will have a material impact on its consolidated balance sheets. The Company is currently quantifying the impact and evaluating its approach to adopting ASU 2016-02 on its consolidated financial statements. On November 17, 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash . The new guidance requires the statements of cash flows to reconcile the changes in the total of cash, cash equivalents, and restricted cash. As a result, transfers between cash and cash equivalents, and restricted cash and restricted cash equivalents will no longer be presented in the statement of cash flows. ASU 2016-18 is effective for annual periods beginning after December 15, 2017, although early adoption is permitted. As a result of this pronouncement, the Company expects that it will combine its historical movements of restricted cash, with those of non-restricted cash and cash equivalents, as reflected in the Company’s Consolidated Statements of Cash Flows. On January 26, 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . The new guidance simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. ASU 2017-04 requires goodwill impairment to be measured as the amount by which a reporting unit’s carrying amount exceeds its fair value, not to exceed the carrying amount of its goodwill. ASU 2017-04 requires prospective application and is effective for annual periods beginning after December 15, 2019. The Company believes ASU 2017-04 will amend its methodology for determining any goodwill impairment calculations beginning in 2020. On March 10, 2017, the FASB issued ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Benefit Cost . The new guidance requires employers that sponsor defined benefit pension and other post-retirement plans to present the service cost component of net benefit cost in the same income statement line item as other employee compensation costs arising from services rendered and further requires that only the service cost component will be eligible for capitalization. The other components of the net periodic benefit cost must be presented separately from the line item that includes the service cost component and outside of the income from operations subtotal. ASU 2017-07 is effective for annual periods beginning after December 15, 2017, although early adoption is permitted. The update may result in retrospective re-classification of costs. There will be no impact on consolidated net income.
Concentration of Credit Risks	Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash investments, accounts receivable and other receivables. The Company places its cash and cash equivalents in short-term instruments with high-quality financial institutions and limits the amount of credit exposure in any one financial instrument. The Company pursues amounts and incentives due from vendors in the normal course of business and is often allowed to deduct these amounts and incentives from payments made to vendors. A credit review is completed for new customers and ongoing credit evaluations of each customer’s financial condition are performed periodically, with reserves maintained for potential credit losses. Credit limits given to customers are based on a risk assessment of their ability to pay and other factors. Accounts receivable are typically not collateralized, but the Company may require prepayments or other guarantees whenever deemed necessary.

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table presents the assets acquired and liabilities assumed, based on their fair values and purchase consideration as of the acquisition date (in millions): July 10, 2017 Accounts receivable $ 43.2 Other receivables 0.4 Inventories 35.5 Deposits and prepayments 10.2 Property and equipment 39.5 Goodwill 43.4 Other intangible assets 20.5 Less: Capital lease liability (16.7 ) Less: Accrued liabilities, and other (2.0 ) Total consideration $ 174.0
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	Fair Value in Millions Useful Life in Years Customer relationships $ 17.6 10-12 Non-competition agreements 0.1 4-6 Trade names 2.8 1-2 Total Other intangible assets $ 20.5
Schedule of Supplemental Pro Forma Information	The following table presents consolidated unaudited pro forma results of operations for the three and nine months ended September 30, assuming the acquisition of Farner-Bocken had occurred as of January 1, 2016 (in millions, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2017 [1] 2016 [1] 2017 [1] 2016 [1] Pro forma Pro forma Pro forma Pro forma Net sales $ 4,310.7 $ 4,356.2 $ 12,355.9 $ 11,702.0 Net income 13.9 16.8 27.6 42.5 Basic earnings per share $ 0.30 $ 0.36 $ 0.60 $ 0.92 Diluted earnings per share 0.30 0.36 0.59 0.91 (1) Includes consolidated results of Farner-Bocken.

Inventories, net (Tables)

Inventories, net (Tables)	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following (in millions): September 30, December 31, Inventories at FIFO, net of reserves $ 771.9 $ 727.0 Less: LIFO reserve (145.2 ) (130.4 ) Total inventories at LIFO, net of reserves $ 626.7 $ 596.6

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Amounts borrowed, outstanding letters of credit and amounts available to borrow, net of certain reserves required under the Credit Facility, were as follows (in millions): September 30, December 31, Amounts borrowed $ 474.0 $ 336.0 Outstanding letters of credit 14.2 17.4 Amounts available to borrow (1) 249.2 224.8 ___________________________________________ (1) Excluding expansion features as of September 30, 2017 and December 31, 2016 of $200.0 million and $100.0 million , respectively. Long-term debt consists of the following (in millions): September 30, December 31, Amounts borrowed under Credit Facility $ 474.0 $ 336.0 Obligations under capital leases 26.3 11.7 Total long-term debt $ 500.3 $ 347.7

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate and income tax provision is as follows (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Federal income tax provision at the statutory rate $ 7.7 35.0 % $ 7.1 35.0 % $ 11.9 35.0 % $ 19.5 35.0 % Increase (decrease) resulting from: State income taxes, net of federal benefit 0.8 3.9 0.7 3.4 1.3 3.8 1.9 3.3 Decrease in unrecognized tax benefits (inclusive of related interest and penalty) (0.3 ) (1.3 ) (0.4 ) (1.8 ) (0.3 ) (0.8 ) (0.4 ) (0.7 ) Excess tax benefits from stock-based award payments (1) — — — — (1.5 ) (4.5 ) — — Tax credits and other, net (0.1 ) (0.4 ) (0.7 ) (3.4 ) (0.2 ) (0.5 ) (0.7 ) (1.2 ) Income tax provision $ 8.1 37.2 % $ 6.7 33.2 % $ 11.2 33.0 % $ 20.3 36.4 % (1) As the result of the adoption of ASU 2016-09, the Company recognized excess tax benefits of approximately $1.5 million , for the nine months ended September 30, 2017 .

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The following table provides the components of the net periodic benefit cost of the qualified defined-benefit pension plan (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 PENSION BENEFITS COST Interest cost $ 0.3 $ 0.3 $ 0.9 $ 0.9 Expected return on plan assets (0.3 ) (0.4 ) (0.7 ) (1.4 ) Amortization of net actuarial loss 0.2 0.1 0.6 0.5 Settlement charge — 1.2 — 1.2 Net periodic benefit cost $ 0.2 $ 1.2 $ 0.8 $ 1.2

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income Per Common Share	The following table sets forth the computation of basic and diluted net income per common share (dollars and shares in millions, except per share amounts): Three Months Ended September 30, 2017 2016 Net Income Weighted-Average Net Income Per Common Share Net Income Weighted-Average Net Income Per Common Share Basic EPS (1) $ 13.7 46.3 $ 0.29 $ 13.5 46.3 $ 0.29 Effect of dilutive common share equivalents: Restricted stock units — — — — 0.1 — Performance shares — 0.1 — — 0.1 — Diluted EPS (1) $ 13.7 46.4 $ 0.29 $ 13.5 46.5 $ 0.29 ___________________________________________ (1) Basic and diluted earnings per share are calculated based on unrounded actual amounts. Nine Months Ended September 30, 2017 2016 Net Income Weighted-Average Net Income Per Common Share Net Income Weighted-Average Net Income Per Common Share Basic EPS (1) $ 22.7 46.3 $ 0.49 $ 35.5 46.3 $ 0.77 Effect of dilutive common share equivalents: Restricted stock units — — — — 0.1 (0.01 ) Performance shares — 0.1 — — 0.1 — Diluted EPS (1) $ 22.7 46.4 $ 0.49 $ 35.5 46.5 $ 0.76 ___________________________________________ (1) Basic and diluted earnings per share are calculated based on unrounded actual amounts.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Schedule of Dividends	The Board of Directors approved the following cash dividends in 2017 (in millions, except per share data): Declaration Date Dividends Per Share Record Date Cash Payment Amount Payment Date February 28, 2017 $0.09 March 13, 2017 $4.2 March 28, 2017 May 8, 2017 $0.09 May 25, 2017 $4.2 June 22, 2017 August 7, 2017 $0.09 August 29, 2017 $4.2 September 15, 2017 November 6, 2017 $0.10 November 28, 2017 N/A (1) December 22, 2017 ___________________________________________ (1) Amount will be determined based on common stock outstanding as of the record date.
Schedule of Stock Repurchase Activities	The following table summarizes the Company’s stock repurchase activities (in millions, except share and per share data): Three Months Ended Nine Months Ended September 30, (1) September 30, (1) 2017 2016 2017 2016 Number of shares repurchased 131,669 99,210 131,669 188,126 Average price per share $ 27.74 $ 37.77 $ 27.74 $ 38.52 Total repurchase costs $ 3.6 $ 3.7 $ 3.6 $ 7.2

Segment and Geographic Inform27

Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Schedule of Business Operations Based on Geographic Area	Information about the Company’s business operations based on geographic areas is as follows (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Net sales: United States $ 3,904.6 $ 3,591.0 $ 10,539.9 $ 9,634.3 Canada 394.5 387.7 1,045.1 1,030.2 Corporate (1) 11.6 15.2 30.6 28.1 Total $ 4,310.7 $ 3,993.9 $ 11,615.6 $ 10,692.6 Income (loss) before income taxes: United States $ 27.2 $ 24.8 $ 42.8 $ 59.1 Canada 2.2 2.3 6.3 3.4 Corporate (2) (7.6 ) (6.9 ) (15.2 ) (6.7 ) Total $ 21.8 $ 20.2 $ 33.9 $ 55.8 Interest expense: United States $ 13.1 $ 9.9 $ 34.6 $ 29.7 Canada 0.1 0.2 0.6 0.7 Corporate (3) (9.3 ) (8.6 ) (27.3 ) (27.1 ) Total $ 3.9 $ 1.5 $ 7.9 $ 3.3 Depreciation and amortization: United States $ 10.3 $ 7.7 $ 27.7 $ 22.5 Canada 0.6 0.7 1.8 1.9 Corporate (4) 4.4 3.0 10.1 6.8 Total $ 15.3 $ 11.4 $ 39.6 $ 31.2 Capital expenditures: United States $ 12.7 $ 21.1 $ 42.6 $ 42.9 Canada 0.5 0.6 1.4 1.6 Total $ 13.2 $ 21.7 $ 44.0 $ 44.5 ___________________________________________ (1) Consists primarily of external sales made by the Company’s consolidating warehouses, management service fee revenue, allowance for sales returns and certain other sales adjustments. (2) Consists primarily of expenses and other income, such as corporate incentives and salaries, LIFO expense, health care costs, insurance and workers’ compensation adjustments, elimination of overhead allocations and foreign exchange gains or losses. (3) Consists primarily of intercompany eliminations for interest. (4) Consists primarily of depreciation for the consolidation centers and amortization of intangible assets. Identifiable assets by geographic area are as follows (in millions): September 30, December 31, Identifiable assets: United States $ 1,588.3 $ 1,312.5 Canada 120.7 179.7 Total $ 1,709.0 $ 1,492.2
Schedule of Net Sales Mix for Primary Product Categories	The net sales mix for the Company’s primary product categories is as follows (in millions): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Product Category Net Sales Net Sales Net Sales Net Sales Cigarettes $ 2,958.6 $ 2,855.3 $ 8,111.5 $ 7,601.0 Food 447.2 387.5 1,145.5 1,047.2 Fresh 122.4 106.4 322.5 289.2 Candy 249.1 165.6 601.3 465.9 Other tobacco products 343.8 306.7 925.7 829.2 Health, beauty & general 131.7 118.0 367.8 320.5 Beverages 56.9 53.3 140.8 137.1 Equipment/other 1.0 1.1 0.5 2.5 Total food/non-food products 1,352.1 1,138.6 3,504.1 3,091.6 Total net sales $ 4,310.7 $ 3,993.9 $ 11,615.6 $ 10,692.6

Summary of Company Information

Summary of Company Information (Details) location in Thousands	Sep. 30, 2017centerlocationfacility
Revenue from External Customer [Line Items]
Number of customer locations (over) | location	46
Number of distribution centers	32
Number of distribution facilities operating as a third party logistics provider | facility	2
United States
Revenue from External Customer [Line Items]
Number of distribution centers	27
Canada
Revenue from External Customer [Line Items]
Number of distribution centers	5

Basis of Presentation and Pri29

Basis of Presentation and Principles of Consolidation - Concentration of Credit Risks (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Concentration Risk [Line Items]
Excess tax benefits from share-based award payments which were recognized under ASU 2016-09	$ 0	$ 0	$ 1.5	$ 0
Net sales | Customer Concentration Risk | Murphy USA
Concentration Risk [Line Items]
Major customer percentage of net sales	11.40%		12.30%
Net sales | Customer Concentration Risk | Murphy USA and Alimentation Couche-Tard
Concentration Risk [Line Items]
Major customer percentage of net sales		23.00%		23.00%
Accounting Standards Update 2016-09
Concentration Risk [Line Items]
Excess tax benefits from share-based award payments which were recognized under ASU 2016-09			$ 1.5
Accounting Standards Update 2015-17
Concentration Risk [Line Items]
Current deferred income tax assets					$ (4.7)
Current deferred income tax liabilities					(0.1)
Non-current deferred income tax liabilities					4.7
Net non-current deferred income tax assets					$ 0.1

Acquisition - Narrative (Detail

Acquisition - Narrative (Details) $ in Millions	Jul. 10, 2017USD ($)customer_location	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Business Acquisition [Line Items]
Indemnification holdback			$ 5	$ 0
Capital lease obligation term			15 years
Capital lease obligation		$ 16.7	$ 16.7
Farner-Bocken Company
Business Acquisition [Line Items]
Total consideration	$ 174
Cash paid at closing	$ 169
Indemnification holdback			$ 5
Indemnification holdback installment period			2 years
Number of customer locations acquired | customer_location	4,500
Farner-Bocken Company | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Acquisition-related costs		$ 0.3	$ 1.7

Acquisition - Assets Acquired a

Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Sep. 30, 2017	Jul. 10, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill	$ 79.4		$ 36
Farner-Bocken Company
Business Acquisition [Line Items]
Accounts receivable		$ 43.2
Other receivables		0.4
Inventories		35.5
Deposits and prepayments		10.2
Property and equipment		39.5
Goodwill		43.4
Other intangible assets		20.5
Less: Capital lease liability		(16.7)
Less: Accrued liabilities, and other		(2)
Total consideration		$ 174

Acquisition - Intangible Assets

Acquisition - Intangible Assets Acquired (Details) $ in Millions	Jul. 10, 2017USD ($)
Farner-Bocken Company
Business Acquisition [Line Items]
Fair Value in Millions	$ 20.5
Customer relationships | Farner-Bocken Company
Business Acquisition [Line Items]
Fair Value in Millions	$ 17.6
Customer relationships | Minimum | Farner-Bocken Company
Business Acquisition [Line Items]
Useful Life in Years	10 years
Customer relationships | Maximum | Farner-Bocken Company
Business Acquisition [Line Items]
Useful Life in Years	12 years
Non-competition agreements | Farner-Bocken Company
Business Acquisition [Line Items]
Fair Value in Millions	$ 0.1
Non-competition agreements | Minimum | Farner-Bocken Company
Business Acquisition [Line Items]
Useful Life in Years	4 years
Non-competition agreements | Maximum | Farner-Bocken Company
Business Acquisition [Line Items]
Useful Life in Years	6 years
Trade names | Farner-Bocken Company
Business Acquisition [Line Items]
Fair Value in Millions	$ 2.8
Trade names | Minimum
Business Acquisition [Line Items]
Useful Life in Years	1 year
Trade names | Maximum
Business Acquisition [Line Items]
Useful Life in Years	2 years

Acquisition - Supplemental Pro

Acquisition - Supplemental Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Business Acquisition, Pro Forma Information [Abstract]
Net sales	$ 4,310.7	$ 3,993.9	$ 11,615.6	$ 10,692.6
Net income	$ 13.7	$ 13.5	$ 22.7	$ 35.5
Basic net income per common share (in dollars per share)	$ 0.29	$ 0.29	$ 0.49	$ 0.77
Diluted net income per common share (in dollars per share)	$ 0.29	$ 0.29	$ 0.49	$ 0.76
Farner-Bocken Company
Business Acquisition, Pro Forma Information [Abstract]
Net sales	$ 4,310.7	$ 4,356.2	$ 12,355.9	$ 11,702
Net income	$ 13.9	$ 16.8	$ 27.6	$ 42.5
Basic earnings per share (in dollars per share)	$ 0.30	$ 0.36	$ 0.60	$ 0.92
Diluted earnings per share (in dollars per share)	$ 0.30	$ 0.36	$ 0.59	$ 0.91

Inventories, net (Details)

Inventories, net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Inventory [Line Items]
Inventories at FIFO, net of reserves	$ 771.9		$ 771.9		$ 727
Less: LIFO reserve	(145.2)		(145.2)		(130.4)
Total inventories at LIFO, net of reserves	626.7		626.7		596.6
LIFO expense	6	$ 3.7	14.8	$ 10
United States
Inventory [Line Items]
Less: LIFO reserve	$ (145.2)		$ (145.2)		$ (130.4)

Long-term Debt (Details)

Long-term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Amounts borrowed	$ 500.3	$ 347.7
Revolving Credit Facility
Debt Instrument [Line Items]
Amounts borrowed	474	336
Outstanding letters of credit	14.2	17.4
Amounts available to borrow	249.2	224.8
Obligations under capital leases
Debt Instrument [Line Items]
Amounts borrowed	$ 26.3	$ 11.7

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - USD ($)	Jul. 10, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 28, 2017	Mar. 27, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Amortization of debt issuance costs		$ 200,000	$ 100,000	$ 600,000	$ 300,000
Unamortized debt issuance costs		3,500,000		3,500,000				$ 2,300,000
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility, average borrowings		$ 465,900,000	$ 228,800,000	325,200,000	139,100,000
Minimum amount borrowed at any one time outstanding				165,000,000	0
Maximum amount borrow at any one time outstanding				$ 605,000,000	$ 280,000,000
Revolving credit facility, weighted-average interest rate (percent)		2.50%	1.70%	2.30%	1.70%
Total unused facility fees and letter of credit participation fees		$ 200,000	$ 100,000	$ 800,000	$ 500,000
Revolving Credit Facility | Tenth Amendment
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity		750,000,000		750,000,000		$ 750,000,000
Revolving credit facility, potential additional borrowing capacity		$ 200,000,000		$ 200,000,000
Incurred fees in connection with the Tenth Amendment						$ 1,800,000
Revolving Credit Facility | Ninth Amendment
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity							$ 600,000,000
Revolving credit facility, potential additional borrowing capacity								$ 100,000,000
Farner-Bocken Company
Debt Instrument [Line Items]
Cash paid at closing	$ 169,000,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income tax provision	37.20%	33.20%	33.00%	36.40%
Unrecognized tax benefits related to federal, state, and foreign taxes	$ 0		$ 0		$ 200,000

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Federal income tax provision at the statutory rate	$ 7.7	$ 7.1	$ 11.9	$ 19.5
State income taxes, net of federal benefit	0.8	0.7	1.3	1.9
Decrease in unrecognized tax benefits (inclusive of related interest and penalty)	(0.3)	(0.4)	(0.3)	(0.4)
Excess tax benefits from stock-based award payments	0	0	(1.5)	0
Tax credits and other, net	(0.1)	(0.7)	(0.2)	(0.7)
Income tax provision	$ 8.1	$ 6.7	$ 11.2	$ 20.3
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Federal income tax provision at the statutory rate	35.00%	35.00%	35.00%	35.00%
State income taxes, net of federal benefit	3.90%	3.40%	3.80%	3.30%
Decrease in unrecognized tax benefits (inclusive of related interest and penalty)	(1.30%)	(1.80%)	(0.80%)	(0.70%)
Excess tax benefits from stock-based award payments	(0.00%)	(0.00%)	(4.50%)	(0.00%)
Tax credits and other, net	(0.40%)	(3.40%)	(0.50%)	(1.20%)
Income tax provision	37.20%	33.20%	33.00%	36.40%

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)entrant	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)entrant	Sep. 30, 2016USD ($)	Dec. 31, 2017USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of new entrants after pension plans were frozen | entrant	0		0
Other Post-Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Net period benefit costs (less than)	$ 100,000	$ 100,000	$ 200,000	$ 100,000
Expected employer contributions for current year	100,000		100,000
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net period benefit costs (less than)	200,000	1,200,000	800,000	1,200,000
Employer contributions to the pension plans	$ 0	$ 1,900,000	$ 0	$ 1,900,000
Scenario, Forecast | Minimum
Defined Benefit Plan Disclosure [Line Items]
Unrecognized actuarial losses					$ 17,000,000
Scenario, Forecast | Minimum | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefits					4,000,000
Scenario, Forecast | Maximum
Defined Benefit Plan Disclosure [Line Items]
Unrecognized actuarial losses					19,000,000
Scenario, Forecast | Maximum | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefits					$ 6,000,000

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Settlement charge			$ 0	$ 1.2
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 0.3	$ 0.3	0.9	0.9
Expected return on plan assets	(0.3)	(0.4)	(0.7)	(1.4)
Amortization of net actuarial loss	0.2	0.1	0.6	0.5
Settlement charge	0	1.2	0	1.2
Net periodic benefit cost	$ 0.2	$ 1.2	$ 0.8	$ 1.2

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income, basic EPS	$ 13.7	$ 13.5	$ 22.7	$ 35.5
Weighted-average shares outstanding, basic EPS (in shares)	46.3	46.3	46.3	46.3
Net income per common share, basic EPS (in dollars per share)	$ 0.29	$ 0.29	$ 0.49	$ 0.77
Effect of dilutive common share equivalents:
Net income, diluted EPS	$ 13.7	$ 13.5	$ 22.7	$ 35.5
Weighted-average shares outstanding, diluted EPS (in shares)	46.4	46.5	46.4	46.5
Diluted earnings per share (in dollars per share)	$ 0.29	$ 0.29	$ 0.49	$ 0.76
Restricted Stock Units
Effect of dilutive common share equivalents:
Incremental common shares attributable to share-based payment arrangements (in shares)	0	0.1	0	0.1
Net income per common share, share-based payment arrangements (in dollars per share)	$ 0	$ 0	$ 0	$ (0.01)
Performance Shares
Effect of dilutive common share equivalents:
Incremental common shares attributable to share-based payment arrangements (in shares)	0.1	0.1	0.1	0.1
Net income per common share, share-based payment arrangements (in dollars per share)	$ 0	$ 0	$ 0	$ 0

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Anti-dilutive securities not included in the computation of diluted earnings per share (in shares)	147,625	6,457	278,482	308,195

Stock-based Compensation Plans

Stock-based Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	$ 1.2	$ 1.9	$ 3.5	$ 5.5
Total unrecognized compensation cost related to non-vested share-based compensation arrangements	$ 10.6		$ 10.6
Compensation cost not yet recognized, period for recognition			1 year 8 months 2 days
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares (in shares)			167,086	124,077
Grants in period, weighted average grant date fair value (in dollars per share)			$ 38.78	$ 38.21
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares (in shares)			126,220	156,576
Grants in period, weighted average grant date fair value (in dollars per share)			$ 39.34	$ 38.47
Shares earned (in shares)				0

Stockholders' Equity Stockholde

Stockholders' Equity Stockholders' Equity - Schedule of Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	Nov. 06, 2017	Sep. 15, 2017	Aug. 07, 2017	Jun. 22, 2017	May 08, 2017	Mar. 28, 2017	Feb. 28, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Dividends Payable [Line Items]
Dividends per share (in dollars per share)			$ 0.09		$ 0.09		$ 0.09	$ 0.09	$ 0.08	$ 0.27	$ 0.24
Cash payment amount		$ 4.2		$ 4.2		$ 4.2				$ 12.6	$ 11.3
Subsequent Event
Dividends Payable [Line Items]
Dividends per share (in dollars per share)	$ 0.10

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($)	Sep. 30, 2017	Aug. 28, 2017
Equity [Abstract]
Authorized increase to stock repurchase plan		$ 40,000,000
Common stock available for future share repurchases, amount	$ 38,600,000	$ 200,000

Stockholders' Equity - Repurcha

Stockholders' Equity - Repurchase Activities (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Equity [Abstract]
Number of shares repurchased (in shares)	131,669	99,210	131,669	188,126
Average price per share (in dollars per share)	$ 27.74	$ 37.77	$ 27.74	$ 38.52
Total repurchase costs	$ 3.6	$ 3.7	$ 3.6	$ 7.2

Segment and Geographic Inform47

Segment and Geographic Information - Narrative (Details)	9 Months Ended
	Sep. 30, 2017SegmentArea
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	1
Number of geographic operating areas | Area	2

Segment and Geographic Inform48

Segment and Geographic Information - Information by Geographic Areas (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Net sales	$ 4,310.7	$ 3,993.9	$ 11,615.6	$ 10,692.6
Income (loss) before income taxes	21.8	20.2	33.9	55.8
Interest expense	3.9	1.5	7.9	3.3
Depreciation and amortization	15.3	11.4	39.6	31.2
Capital expenditures	13.2	21.7	44	44.5
Operating Segment | United States Segment
Segment Reporting Information [Line Items]
Net sales	3,904.6	3,591	10,539.9	9,634.3
Income (loss) before income taxes	27.2	24.8	42.8	59.1
Interest expense	13.1	9.9	34.6	29.7
Depreciation and amortization	10.3	7.7	27.7	22.5
Capital expenditures	12.7	21.1	42.6	42.9
Operating Segment | Canada Segment
Segment Reporting Information [Line Items]
Net sales	394.5	387.7	1,045.1	1,030.2
Income (loss) before income taxes	2.2	2.3	6.3	3.4
Interest expense	0.1	0.2	0.6	0.7
Depreciation and amortization	0.6	0.7	1.8	1.9
Capital expenditures	0.5	0.6	1.4	1.6
Corporate
Segment Reporting Information [Line Items]
Net sales	11.6	15.2	30.6	28.1
Income (loss) before income taxes	(7.6)	(6.9)	(15.2)	(6.7)
Interest expense	(9.3)	(8.6)	(27.3)	(27.1)
Depreciation and amortization	$ 4.4	$ 3	$ 10.1	$ 6.8

Segment and Geographic Inform49

Segment and Geographic Information - Identifiable Assets (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Identifiable assets:
Identifiable assets	$ 1,709	$ 1,492.2
United States
Identifiable assets:
Identifiable assets	1,588.3	1,312.5
Canada
Identifiable assets:
Identifiable assets	$ 120.7	$ 179.7

Segment and Geographic Inform50

Segment and Geographic Information - Net Sales Mix By Primary Product Categories (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue from External Customer [Line Items]
Net sales	$ 4,310.7	$ 3,993.9	$ 11,615.6	$ 10,692.6
Cigarettes
Revenue from External Customer [Line Items]
Net sales	2,958.6	2,855.3	8,111.5	7,601
Food
Revenue from External Customer [Line Items]
Net sales	447.2	387.5	1,145.5	1,047.2
Fresh
Revenue from External Customer [Line Items]
Net sales	122.4	106.4	322.5	289.2
Candy
Revenue from External Customer [Line Items]
Net sales	249.1	165.6	601.3	465.9
Other tobacco products
Revenue from External Customer [Line Items]
Net sales	343.8	306.7	925.7	829.2
Health, beauty & general
Revenue from External Customer [Line Items]
Net sales	131.7	118	367.8	320.5
Beverages
Revenue from External Customer [Line Items]
Net sales	56.9	53.3	140.8	137.1
Equipment/other
Revenue from External Customer [Line Items]
Net sales	1	1.1	0.5	2.5
Total food/non-food products
Revenue from External Customer [Line Items]
Net sales	$ 1,352.1	$ 1,138.6	$ 3,504.1	$ 3,091.6