Core-Mark Hldg (CORE) 10-Q 8 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 03, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Core-Mark Holding Company, Inc.
Trading Symbol	CORE
Entity Central Index Key	0001318084
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		45,872,222

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 25.8	$ 27.3
Accounts receivable, net of allowance for doubtful accounts of $10.9 and $8.3 as of March 31, 2019 and December 31, 2018, respectively	395.5	403.5
Other receivables, net	81.4	89.4
Inventories, net (Note 3)	503.5	689
Deposits and prepayments	81.2	78.8
Total current assets	1,087.4	1,288
Property and equipment, net	223.7	229
Operating lease right-of-use assets (Note 4)	234.6
Goodwill	72.8	72.8
Other intangible assets, net	49.9	51.1
Other non-current assets, net	24.9	25.2
Total assets	1,693.3	1,666.1
Current liabilities:
Accounts payable	230	199.8
Book overdrafts	46.2	49.4
Cigarette and tobacco taxes payable	223.2	297.8
Operating lease liabilities (Note 4)	41.9
Accrued liabilities	134	134
Total current liabilities	675.3	681
Long-term debt (Note 5)	187.7	346.2
Deferred income taxes	27	27.1
Long-term operating lease liabilities (Note 4)	206.2
Other long-term liabilities	2.5	14.6
Claims liabilities	30.6	30.2
Total liabilities	1,129.3	1,099.1
Contingencies (Note 6)
Stockholders’ equity:
Common stock, $0.01 par value (150,000,000 shares authorized, 52,692,236 and 52,524,853 shares issued; 45,871,088 and 45,703,705 shares outstanding at March 31, 2019 and December 31, 2018, respectively)	0.5	0.5
Additional paid-in capital	283.1	283.3
Treasury stock at cost (6,821,148 shares of common stock at each of March 31, 2019 and December 31, 2018, respectively)	(90.6)	(90.6)
Retained earnings	377.8	381.6
Accumulated other comprehensive loss	(6.8)	(7.8)
Total stockholders’ equity	564	567
Total liabilities and stockholders’ equity	$ 1,693.3	$ 1,666.1

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Allowance for doubtful accounts	$ 10.9	$ 8.3
Stockholders' equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	52,692,236	52,524,853
Common stock, shares outstanding (in shares)	45,871,088	45,703,705
Treasury stock, shares (in shares)	6,821,148	6,821,148

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 3,754.1	$ 3,805.9
Cost of goods sold	3,545.9	3,606.1
Gross profit	208.2	199.8
Warehousing and distribution expenses	134.2	132.3
Selling, general and administrative expenses	65.9	63.4
Amortization of intangible assets	2.7	2.5
Total operating expenses	202.8	198.2
Income from operations	5.4	1.6
Interest expense, net	(3.4)	(3.8)
Foreign currency transaction (losses) gains, net	(0.2)	0.4
Income (loss) before income taxes	1.8	(1.8)
(Provision for) benefit from income taxes	(0.5)	0.5
Net income (loss)	$ 1.3	$ (1.3)
Basic and diluted earnings (loss) per share (in dollars per share) (Note 7)	$ 0.03	$ (0.03)
Basic weighted-average shares (in shares) (Note 7)	45.9	46.2
Diluted weighted-average shares (in shares) (Note 7)	46	46.2

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 1.3	$ (1.3)
Foreign currency translation gains (losses), net	1	(1.7)
Other comprehensive income (loss), net of tax	1	(1.7)
Comprehensive income (loss)	$ 2.3	$ (3)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock Issued	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2017		52.4		(6.2)
Beginning balance at Dec. 31, 2017	$ 555.2	$ 0.5	$ 276.8	$ (75.1)	$ 355.1	$ (2.1)
Net (loss) income	(1.3)				(1.3)
Other comprehensive (loss) income, net of tax	(1.7)					(1.7)
Dividends declared	(4.6)				(4.6)
Stock-based compensation expense	1.9		1.9
Issuance of stock based instruments, net of shares withheld for employee taxes (in shares)		0.1
Issuance of stock based instruments, net of shares withheld for employee taxes	(1.6)		(1.6)
Repurchase of common stock (in shares)				(0.1)
Repurchase of common stock	(2.8)			$ (2.8)
Ending balance (in shares) at Mar. 31, 2018		52.5		(6.3)
Ending balance at Mar. 31, 2018	545.1	$ 0.5	277.1	$ (77.9)	349.2	(3.8)
Beginning balance (in shares) at Dec. 31, 2018		52.5		(6.8)
Beginning balance at Dec. 31, 2018	567	$ 0.5	283.3	$ (90.6)	381.6	(7.8)
Net (loss) income	1.3				1.3
Other comprehensive (loss) income, net of tax	1					1
Dividends declared	(5.1)				(5.1)
Stock-based compensation expense	1.9		1.9
Issuance of stock based instruments, net of shares withheld for employee taxes (in shares)		0.2
Issuance of stock based instruments, net of shares withheld for employee taxes	(2.1)		(2.1)
Ending balance (in shares) at Mar. 31, 2019		52.7		(6.8)
Ending balance at Mar. 31, 2019	$ 564	$ 0.5	$ 283.1	$ (90.6)	$ 377.8	$ (6.8)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	Feb. 28, 2019	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.11	$ 0.11	$ 0.10

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income (loss)	$ 1.3	$ (1.3)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
LIFO and inventory provisions	7	6
Amortization of debt issuance costs	0.2	0.2
Stock-based compensation expense	1.9	1.9
Bad debt expense, net	3.1	0.3
Loss on disposals	0.1	0.3
Depreciation and amortization	15.4	14.9
Foreign currency losses (gains), net	0.2	(0.4)
Deferred income taxes	(0.3)	0.3
Changes in operating assets and liabilities:
Accounts receivable, net	5.4	1.6
Other receivables, net	8.2	9.5
Inventories, net	180.7	60.6
Deposits, prepayments and other non-current assets	(4.1)	31.8
Accounts payable	29.9	34
Cigarette and tobacco taxes payable	(75.8)	(70.7)
Claims, accrued and other long-term liabilities	2	12.1
Net cash provided by operating activities	175.2	101.1
Cash flows from investing activities:
Additions to property and equipment, net	(5.1)	(6.9)
Capitalization of software and related development costs	(1.4)	(0.5)
Proceeds from sale of property and equipment, net	0.2	0
Net cash used in investing activities	(6.3)	(7.4)
Cash flows from financing activities:
Borrowings under revolving credit facility	340.7	463.1
Repayments under revolving credit facility	(499.2)	(531.3)
Payments on finance leases	(0.9)	(0.7)
Dividends paid	(5.1)	(4.6)
Repurchases of common stock	0	(2.8)
Tax withholdings related to net share settlements of restricted stock units	(2.1)	(1.5)
Decrease in book overdrafts	(3.2)	(6.2)
Net cash used in financing activities	(169.8)	(84)
Effects of changes in foreign exchange rates	(0.6)	0.2
Change in cash and cash equivalents	(1.5)	9.9
Cash and cash equivalents, beginning of period	27.3	41.6
Cash and cash equivalents, end of period	25.8	51.5
Cash (paid) received during the period for:
Income taxes, net	(0.2)	(0.1)
Interest	$ (3.1)	$ (3.2)

Summary of Company Information

Summary of Company Information and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Company Information and Basis of Presentation	Summary of Company Information and Basis of Presentation Business Core-Mark Holding Company, Inc., and its subsidiaries (collectively 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 44,000 customer locations in the United States (“U.S.”) and Canada. The Company’s customers include traditional convenience stores, drug stores, big box or supercenter 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, alternative nicotine delivery 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 thirty-two 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 Principles of Consolidation The accompanying unaudited condensed consolidated balance sheets as of March 31, 2019 , the unaudited condensed consolidated statements of operations and comprehensive income (loss), the unaudited condensed consolidated statements of stockholders’ equity, and the unaudited condensed consolidated statements of cash flows for the three months ended March 31, 2019 and 2018 , 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 condensed consolidated balance sheet as of December 31, 2018 has been derived from the Company’s audited financial statements, which are included in its 2018 Annual Report on Form 10-K, filed with the SEC on March 1, 2019 . The consolidated financial statements include Core-Mark and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in the consolidated financial statements. 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, 2018 . 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, changes in stockholders’ equity 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. Subsequent to the issuance of the Company’s interim condensed consolidated financial statements as of and for the three months ended March 31, 2018, management determined that the amount of foreign currency translation loss was overstated by $0.9 million

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Adoption of Accounting Pronouncements On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), which supersedes existing lease guidance. The most significant among the changes in ASU 2016-02 is the recognition of right-of-use (“ROU”) assets and corresponding lease liabilities for leases classified as operating leases. The accounting for finance leases, which were classified as capital leases under historical GAAP, remains substantially unchanged. The lease liabilities are equal to the present value of the remaining lease payments while the ROU asset is determined based on the amount of the lease liability, plus initial direct costs incurred less lease incentives. The Company elected the optional transition method to apply ASU 2016-02 prospectively at adoption effective January 1, 2019, which resulted in recognition of additional lease assets of approximately $232.1 million , lease liabilities of $244.9 million , and a decrease of deferred rent recorded under ASC 840 of $12.8 million . Comparative periods presented in the Consolidated Financial Statements prior to January 1, 2019 continue to be presented under ASC 840. The Company has implemented internal controls and new lease software to assist with future reporting. ASU 2016-02 will have no impact on the Company’s debt-covenant compliance under its current revolving credit facility. In accordance with an accounting policy election under ASU 2016-02, the Company will not recognize assets or liabilities for leases with an initial term of twelve months or less; these short-term lease payments will be recognized in the consolidated statements of operations on a straight-line basis over the lease term. The Company has elected the package of practical expedients within ASU 2016-02 that allows an entity to not reassess, prior to the effective date, (i) whether any expired or existing contracts are or contain leases, (ii) the lease classification for any expired or existing leases, or (iii) initial direct costs for any existing leases. The Company has also elected the practical expedient to combine lease and non-lease components for all asset classes. Recent Accounting Standards or Updates Not Yet Effective 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. ASU 2017-04 will require the Company to amend its methodology for determining any goodwill impairment calculations beginning in 2020. 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. 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 13% and 12% o f the Company’s net sales for the three months ended March 31, 2019 and March 31, 2018 , respectively. No other customers individually accounted for more than 10% of sales for these periods. No single customer accounted for 10% or more of the Company’s accounts receivables as of March 31, 2019 or December 31, 2018

Inventories, net

Inventories, net	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Inventories, net	Inventories, net Inventories consist of the following (in millions): March 31, December 31, Inventories at FIFO, net of reserves $ 687.6 $ 866.1 Less: LIFO reserve (184.1 ) (177.1 ) Total inventories, net of reserves $ 503.5 $ 689.0 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 $184.1 million and $177.1 million higher as of March 31, 2019 and December 31, 2018 , respectively. The Company recorded LIFO expense of $7.0 million and $5.9 million for the three months ended March 31, 2019 and 2018

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases The Company leases warehouse facilities, trucks, office equipment and certain sales offices. Certain of the Company’s real estate leases include one or more options to renew the applicable lease agreement, with the exercise of renewal options at the Company’s sole discretion; the Company will generally only include one real estate lease extension option in the recognition of ROU assets and lease liabilities. Certain of the Company’s vehicle leases have residual value guarantees. Leases with an initial term of twelve months or less are not recorded on the balance sheet; the Company recognizes lease expenses for these leases on a straight-line basis over the lease term. The majority of the Company’s lease payments are fixed and are incorporated into the right-of-use lease assets and liabilities. However, certain of the vehicle leases have variable payments, such as per-mile charges, which are expensed as incurred. The Company combines lease components and non-lease components for all asset classes for purposes of recognizing lease assets and liabilities. The Company determined its incremental borrowing rates with the assistance of a specialist to determine appropriate yield curves upon adoption, which the Company will evaluate annually. Leases consist of the following (in millions): Assets Classification March 31, Operating Operating lease right-of-use assets $ 234.6 Finance Property and equipment, net 20.5 Total leases $ 255.1 Liabilities Current Operating Operating lease liabilities $ 41.9 Finance Accrued liabilities 3.1 Non-current Operating Long-term operating lease liabilities 206.2 Finance Long-term debt 26.2 Total lease liabilities $ 277.4 The components of lease costs were as follows (in millions): Three Months Ended March 31, 2019 Operating lease cost $ 13.7 Finance lease cost Amortization of leased assets 0.8 Interest on lease liabilities 0.4 Short-term lease cost 0.3 Variable lease cost 5.3 Net lease cost $ 20.5 Maturity of lease liabilities as of March 31, 2019, were as follows (in millions): Operating leases Finance leases Total 2019 $ 39.5 $ 3.4 $ 42.9 2020 49.3 4.4 53.7 2021 42.5 3.6 46.1 2022 34.6 3.5 38.1 2023 27.4 3.3 30.7 2024 and thereafter 105.6 19.4 125.0 Total lease payments 298.9 37.6 336.5 Less: interest (50.8 ) (8.3 ) (59.1 ) Present value of lease liabilities $ 248.1 $ 29.3 $ 277.4 Weighted-average remaining lease term and discount rate regarding the Company’s leases were as follows: Lease term March 31, Weighted-average remaining lease term (years) Operating 7.5 Finance 10.1 Discount rate Weighted-average discount rate Operating 4.7 % Finance 5.2 % Other information regarding the Company’s leases were as follows (in millions): Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used by operating leases $ 13.6 Operating cash flows used by finance leases $ 0.4 Financing cash flows used by finance leases $ 0.9 Lease liabilities arising from obtaining new right-of-use assets Operating leases $ 7.3 Finance leases $ 0.7 As of March 31, 2019, the Company had approximately $12 million of leases, primarily for trailers, that had not yet commenced. Future minimum operating lease payments as of December 31, 2018, as reported in the 2018 Form 10-K under ASC 840, were as follows: Operating Leases Year ending December 31, 2019 $ 61.6 2020 56.8 2021 48.4 2022 38.3 2023 29.8 2024 and thereafter 108.6 Total $ 343.5 Future minimum capital lease payments as of December 31, 2018, as reported in the 2018 Form 10-K under ASC 840, were as follows: Capital Leases Year ending December 31, 2019 $ 4.7 2020 4.3 2021 3.5 2022 3.4 2023 3.2 2024 and thereafter 18.9 Total 38.0 Less: interest (8.6 ) Present value of future minimum lease payments 29.4 Less: current portion (3.2 ) Non-current portion $ 26.2
Leases	Leases The Company leases warehouse facilities, trucks, office equipment and certain sales offices. Certain of the Company’s real estate leases include one or more options to renew the applicable lease agreement, with the exercise of renewal options at the Company’s sole discretion; the Company will generally only include one real estate lease extension option in the recognition of ROU assets and lease liabilities. Certain of the Company’s vehicle leases have residual value guarantees. Leases with an initial term of twelve months or less are not recorded on the balance sheet; the Company recognizes lease expenses for these leases on a straight-line basis over the lease term. The majority of the Company’s lease payments are fixed and are incorporated into the right-of-use lease assets and liabilities. However, certain of the vehicle leases have variable payments, such as per-mile charges, which are expensed as incurred. The Company combines lease components and non-lease components for all asset classes for purposes of recognizing lease assets and liabilities. The Company determined its incremental borrowing rates with the assistance of a specialist to determine appropriate yield curves upon adoption, which the Company will evaluate annually. Leases consist of the following (in millions): Assets Classification March 31, Operating Operating lease right-of-use assets $ 234.6 Finance Property and equipment, net 20.5 Total leases $ 255.1 Liabilities Current Operating Operating lease liabilities $ 41.9 Finance Accrued liabilities 3.1 Non-current Operating Long-term operating lease liabilities 206.2 Finance Long-term debt 26.2 Total lease liabilities $ 277.4 The components of lease costs were as follows (in millions): Three Months Ended March 31, 2019 Operating lease cost $ 13.7 Finance lease cost Amortization of leased assets 0.8 Interest on lease liabilities 0.4 Short-term lease cost 0.3 Variable lease cost 5.3 Net lease cost $ 20.5 Maturity of lease liabilities as of March 31, 2019, were as follows (in millions): Operating leases Finance leases Total 2019 $ 39.5 $ 3.4 $ 42.9 2020 49.3 4.4 53.7 2021 42.5 3.6 46.1 2022 34.6 3.5 38.1 2023 27.4 3.3 30.7 2024 and thereafter 105.6 19.4 125.0 Total lease payments 298.9 37.6 336.5 Less: interest (50.8 ) (8.3 ) (59.1 ) Present value of lease liabilities $ 248.1 $ 29.3 $ 277.4 Weighted-average remaining lease term and discount rate regarding the Company’s leases were as follows: Lease term March 31, Weighted-average remaining lease term (years) Operating 7.5 Finance 10.1 Discount rate Weighted-average discount rate Operating 4.7 % Finance 5.2 % Other information regarding the Company’s leases were as follows (in millions): Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used by operating leases $ 13.6 Operating cash flows used by finance leases $ 0.4 Financing cash flows used by finance leases $ 0.9 Lease liabilities arising from obtaining new right-of-use assets Operating leases $ 7.3 Finance leases $ 0.7 As of March 31, 2019, the Company had approximately $12 million of leases, primarily for trailers, that had not yet commenced. Future minimum operating lease payments as of December 31, 2018, as reported in the 2018 Form 10-K under ASC 840, were as follows: Operating Leases Year ending December 31, 2019 $ 61.6 2020 56.8 2021 48.4 2022 38.3 2023 29.8 2024 and thereafter 108.6 Total $ 343.5 Future minimum capital lease payments as of December 31, 2018, as reported in the 2018 Form 10-K under ASC 840, were as follows: Capital Leases Year ending December 31, 2019 $ 4.7 2020 4.3 2021 3.5 2022 3.4 2023 3.2 2024 and thereafter 18.9 Total 38.0 Less: interest (8.6 ) Present value of future minimum lease payments 29.4 Less: current portion (3.2 ) Non-current portion $ 26.2

Long-term Debt

Long-term Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt Long-term debt consists of the following (in millions): March 31, December 31, Amounts borrowed (Credit Facility) $ 161.5 $ 320.0 Obligations under finance leases 26.2 26.2 Total long-term debt $ 187.7 $ 346.2 The Company has a revolving credit facility (“Credit Facility”) with a capacity of $750.0 million , as of March 31, 2019 , limited by a borrowing base consisting of eligible accounts receivable and inventories. The Credit Facility expires in March 2022 and has an expansion feature which permits an increase of $200.0 million , subject to borrowing base requirements. 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 Offered Rate (“LIBOR”) or Canadian Dollar Offered Rate (“CDOR”) based loans prepaid prior to the end of an interest period). Amounts related to the Credit Facility are as follows (in millions, except interest rate data): March 31, December 31, Amounts borrowed, net $ 161.5 $ 320.0 Outstanding letters of credit 16.7 16.7 Amounts available to borrow (1) 558.4 328.9 Unamortized debt issuance costs 2.4 2.5 ___________________________________________ (1) Subject to borrowing base limitations, and excluding expansion feature of $200.0 million . Three Months Ended March 31, 2019 2018 Average borrowings $ 277.6 $ 461.9 Range of borrowings 160.0 - 390.0 353.0 - 575.0 Unused credit facility and letter of credit participation fees (1) 0.3 0.2 Amortization of debt issuance costs (1) 0.2 0.2 Weighted-average interest rate (2) 3.7 % 2.8 % ___________________________________________ (1) Included in interest expense, net. (2)

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Litigation

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The following table sets forth the computation of basic and diluted net earnings (loss) per share (dollars and shares in millions, except per share amounts): Three Months Ended March 31, 2019 2018 Earnings (Loss) Net income (loss) $ 1.3 $ (1.3 ) Shares Weighted-average common shares outstanding (basic shares) 45.9 46.2 Adjustment for assumed dilution: Restricted stock units 0.1 — Weighted-average shares assuming dilution (diluted shares) 46.0 46.2 Earnings (Loss) per share Basic and diluted (1) $ 0.03 $ (0.03 ) ___________________________________________ (1) Basic and diluted earnings per share (“EPS”) 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 was 368,082 for the three months ended March 31, 2019 . During the three months ended March 31, 2018

Stock-based Compensation Plans

Stock-based Compensation Plans	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation Plans	Stock-based Compensation Plans Grant Activities During the three months ended March 31, 2019 and 2018 , the Company granted 218,097 and 325,380 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 $29.18 and $23.79 , respectively. For the three months ended March 31, 2019 , the Company granted 143,089 performance-based restricted stock units to certain of its employees at a weighted-average grant date fair value of $29.18 , representing 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 2019 , to be measured in early 2020 . For the three months ended March 31, 2018 , the Company granted 193,005 performance-based shares to certain of its employees at a weighted-average grant date fair value of $23.79 , of which 141,406 were ultimately earned, based upon 2018 performance criteria achieved. 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 $1.9 million for each of the three months ended March 31, 2019 and 2018 . Total unrecognized compensation cost related to unvested share-based compensation arrangements was $17.3 million at March 31, 2019 , which is expected to be recognized over a weighted-average period of 2.1

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Dividends The Board of Directors approved the following cash dividends in 2019 (in millions, except per share data): Declaration Date Dividends Per Share Record Date Cash Payment Amount Payment Date February 28, 2019 $0.11 March 12, 2019 $5.1 March 22, 2019 May 7, 2019 $0.11 May 23, 2019 N/A (1) June 14, 2019 ___________________________________________ (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 $40.0 million stock repurchase program (the “Program”) replacing the Company’s prior stock repurchase program. 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. During the three months ended March 31, 2019 , no shares of common stock were repurchased under the Program. During the three months ended March 31, 2018 , the Company spent $2.8 million to repurchase 123,291 shares of common stock under the Program. As of March 31, 2019 , there was $22.4 million

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment and Geographic Information	Segment and Geographic Information The Company identifies its operating segments based primarily on the way the Chief Operating Decision Maker (“CODM”) evaluates performance and makes decisions. The President and Chief Executive Officer of the Company has been identified as the CODM. 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 (collectively “North America”), 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 March 31, 2019 2018 Net sales: United States $ 3,414.4 $ 3,462.3 Canada 326.6 331.3 Corporate (1) 13.1 12.3 Total $ 3,754.1 $ 3,805.9 Income (loss) before income taxes: United States $ 9.3 $ 3.8 Canada 1.8 0.7 Corporate (2) (9.3 ) (6.3 ) Total $ 1.8 $ (1.8 ) Interest expense, net: (3) United States $ 13.0 $ 13.8 Canada 0.5 0.4 Corporate (4) (10.1 ) (10.4 ) Total $ 3.4 $ 3.8 Depreciation and amortization: United States $ 10.5 $ 10.3 Canada 0.6 0.6 Corporate (5) 4.3 4.0 Total $ 15.4 $ 14.9 Capital expenditures: United States $ 5.0 $ 6.4 Canada 0.1 0.5 Total $ 5.1 $ 6.9 ___________________________________________ (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) Includes $0.1 million of interest income for the three months ended March 31, 2019 and 2018 , respectively. (4) Consists primarily of intercompany eliminations for interest. (5) Consists primarily of depreciation for the consolidation centers and amortization of intangible assets. Identifiable assets by geographic area are as follows (in millions): March 31, December 31, Identifiable assets: United States $ 1,591.0 $ 1,528.6 Canada 102.3 137.5 Total $ 1,693.3 $ 1,666.1 The net sales mix for the Company’s primary product categories is as follows (in millions): Three Months Ended March 31, 2019 2018 Product Category Net Sales Net Sales Cigarettes $ 2,467.5 $ 2,537.5 Food 381.6 391.5 Fresh 110.7 110.9 Candy 237.3 241.3 Other tobacco products 330.0 330.5 Health, beauty & general 187.4 151.5 Beverages 39.4 39.1 Equipment/other 0.2 3.6 Total food/non-food products 1,286.6 1,268.4 Total net sales $ 3,754.1 $ 3,805.9

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 , the unaudited condensed consolidated statements of operations and comprehensive income (loss), the unaudited condensed consolidated statements of stockholders’ equity, and the unaudited condensed consolidated statements of cash flows for the three months ended March 31, 2019 and 2018 , 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 condensed consolidated balance sheet as of December 31, 2018 has been derived from the Company’s audited financial statements, which are included in its 2018 Annual Report on Form 10-K, filed with the SEC on March 1, 2019 . The consolidated financial statements include Core-Mark and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in the consolidated financial statements. 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, 2018 . 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, changes in stockholders’ equity 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. Subsequent to the issuance of the Company’s interim condensed consolidated financial statements as of and for the three months ended March 31, 2018, management determined that the amount of foreign currency translation loss was overstated by $0.9 million
Adoption of Accounting Pronouncements and Recent Accounting Standards or Updates Not Yet Effective	Adoption of Accounting Pronouncements On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), which supersedes existing lease guidance. The most significant among the changes in ASU 2016-02 is the recognition of right-of-use (“ROU”) assets and corresponding lease liabilities for leases classified as operating leases. The accounting for finance leases, which were classified as capital leases under historical GAAP, remains substantially unchanged. The lease liabilities are equal to the present value of the remaining lease payments while the ROU asset is determined based on the amount of the lease liability, plus initial direct costs incurred less lease incentives. The Company elected the optional transition method to apply ASU 2016-02 prospectively at adoption effective January 1, 2019, which resulted in recognition of additional lease assets of approximately $232.1 million , lease liabilities of $244.9 million , and a decrease of deferred rent recorded under ASC 840 of $12.8 million . Comparative periods presented in the Consolidated Financial Statements prior to January 1, 2019 continue to be presented under ASC 840. The Company has implemented internal controls and new lease software to assist with future reporting. ASU 2016-02 will have no impact on the Company’s debt-covenant compliance under its current revolving credit facility. In accordance with an accounting policy election under ASU 2016-02, the Company will not recognize assets or liabilities for leases with an initial term of twelve months or less; these short-term lease payments will be recognized in the consolidated statements of operations on a straight-line basis over the lease term. The Company has elected the package of practical expedients within ASU 2016-02 that allows an entity to not reassess, prior to the effective date, (i) whether any expired or existing contracts are or contain leases, (ii) the lease classification for any expired or existing leases, or (iii) initial direct costs for any existing leases. The Company has also elected the practical expedient to combine lease and non-lease components for all asset classes. Recent Accounting Standards or Updates Not Yet Effective On January 26, 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment
Concentration of Credit Risks	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.

Inventories, net (Tables)

Inventories, net (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following (in millions): March 31, December 31, Inventories at FIFO, net of reserves $ 687.6 $ 866.1 Less: LIFO reserve (184.1 ) (177.1 ) Total inventories, net of reserves $ 503.5 $ 689.0

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Schedule of Assets and Liabilities, Lessee	Leases consist of the following (in millions): Assets Classification March 31, Operating Operating lease right-of-use assets $ 234.6 Finance Property and equipment, net 20.5 Total leases $ 255.1 Liabilities Current Operating Operating lease liabilities $ 41.9 Finance Accrued liabilities 3.1 Non-current Operating Long-term operating lease liabilities 206.2 Finance Long-term debt 26.2 Total lease liabilities $ 277.4
Schedule of Lease Cost	The components of lease costs were as follows (in millions): Three Months Ended March 31, 2019 Operating lease cost $ 13.7 Finance lease cost Amortization of leased assets 0.8 Interest on lease liabilities 0.4 Short-term lease cost 0.3 Variable lease cost 5.3 Net lease cost $ 20.5 Lease term March 31, Weighted-average remaining lease term (years) Operating 7.5 Finance 10.1 Discount rate Weighted-average discount rate Operating 4.7 % Finance 5.2 % Other information regarding the Company’s leases were as follows (in millions): Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used by operating leases $ 13.6 Operating cash flows used by finance leases $ 0.4 Financing cash flows used by finance leases $ 0.9 Lease liabilities arising from obtaining new right-of-use assets Operating leases $ 7.3 Finance leases $ 0.7
Schedule of Maturity of Lease Liabilities	Maturity of lease liabilities as of March 31, 2019, were as follows (in millions): Operating leases Finance leases Total 2019 $ 39.5 $ 3.4 $ 42.9 2020 49.3 4.4 53.7 2021 42.5 3.6 46.1 2022 34.6 3.5 38.1 2023 27.4 3.3 30.7 2024 and thereafter 105.6 19.4 125.0 Total lease payments 298.9 37.6 336.5 Less: interest (50.8 ) (8.3 ) (59.1 ) Present value of lease liabilities $ 248.1 $ 29.3 $ 277.4
Schedule of Maturity of Lease Liabilities	Maturity of lease liabilities as of March 31, 2019, were as follows (in millions): Operating leases Finance leases Total 2019 $ 39.5 $ 3.4 $ 42.9 2020 49.3 4.4 53.7 2021 42.5 3.6 46.1 2022 34.6 3.5 38.1 2023 27.4 3.3 30.7 2024 and thereafter 105.6 19.4 125.0 Total lease payments 298.9 37.6 336.5 Less: interest (50.8 ) (8.3 ) (59.1 ) Present value of lease liabilities $ 248.1 $ 29.3 $ 277.4
Schedule of Future Minimum Operating Lease Payments	Future minimum operating lease payments as of December 31, 2018, as reported in the 2018 Form 10-K under ASC 840, were as follows: Operating Leases Year ending December 31, 2019 $ 61.6 2020 56.8 2021 48.4 2022 38.3 2023 29.8 2024 and thereafter 108.6 Total $ 343.5
Schedule of Future Minimum Capital Lease Payments	Future minimum capital lease payments as of December 31, 2018, as reported in the 2018 Form 10-K under ASC 840, were as follows: Capital Leases Year ending December 31, 2019 $ 4.7 2020 4.3 2021 3.5 2022 3.4 2023 3.2 2024 and thereafter 18.9 Total 38.0 Less: interest (8.6 ) Present value of future minimum lease payments 29.4 Less: current portion (3.2 ) Non-current portion $ 26.2

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt consists of the following (in millions): March 31, December 31, Amounts borrowed (Credit Facility) $ 161.5 $ 320.0 Obligations under finance leases 26.2 26.2 Total long-term debt $ 187.7 $ 346.2 March 31, December 31, Amounts borrowed, net $ 161.5 $ 320.0 Outstanding letters of credit 16.7 16.7 Amounts available to borrow (1) 558.4 328.9 Unamortized debt issuance costs 2.4 2.5 ___________________________________________ (1) Subject to borrowing base limitations, and excluding expansion feature of $200.0 million . Three Months Ended March 31, 2019 2018 Average borrowings $ 277.6 $ 461.9 Range of borrowings 160.0 - 390.0 353.0 - 575.0 Unused credit facility and letter of credit participation fees (1) 0.3 0.2 Amortization of debt issuance costs (1) 0.2 0.2 Weighted-average interest rate (2) 3.7 % 2.8 % ___________________________________________ (1) Included in interest expense, net. (2)

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Earnings (Loss) Per Common Share	The following table sets forth the computation of basic and diluted net earnings (loss) per share (dollars and shares in millions, except per share amounts): Three Months Ended March 31, 2019 2018 Earnings (Loss) Net income (loss) $ 1.3 $ (1.3 ) Shares Weighted-average common shares outstanding (basic shares) 45.9 46.2 Adjustment for assumed dilution: Restricted stock units 0.1 — Weighted-average shares assuming dilution (diluted shares) 46.0 46.2 Earnings (Loss) per share Basic and diluted (1) $ 0.03 $ (0.03 ) ___________________________________________ (1)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Schedule of Dividends	The Board of Directors approved the following cash dividends in 2019 (in millions, except per share data): Declaration Date Dividends Per Share Record Date Cash Payment Amount Payment Date February 28, 2019 $0.11 March 12, 2019 $5.1 March 22, 2019 May 7, 2019 $0.11 May 23, 2019 N/A (1) June 14, 2019 ___________________________________________ (1)

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 2018 Net sales: United States $ 3,414.4 $ 3,462.3 Canada 326.6 331.3 Corporate (1) 13.1 12.3 Total $ 3,754.1 $ 3,805.9 Income (loss) before income taxes: United States $ 9.3 $ 3.8 Canada 1.8 0.7 Corporate (2) (9.3 ) (6.3 ) Total $ 1.8 $ (1.8 ) Interest expense, net: (3) United States $ 13.0 $ 13.8 Canada 0.5 0.4 Corporate (4) (10.1 ) (10.4 ) Total $ 3.4 $ 3.8 Depreciation and amortization: United States $ 10.5 $ 10.3 Canada 0.6 0.6 Corporate (5) 4.3 4.0 Total $ 15.4 $ 14.9 Capital expenditures: United States $ 5.0 $ 6.4 Canada 0.1 0.5 Total $ 5.1 $ 6.9 ___________________________________________ (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) Includes $0.1 million of interest income for the three months ended March 31, 2019 and 2018 , respectively. (4) Consists primarily of intercompany eliminations for interest. (5) Consists primarily of depreciation for the consolidation centers and amortization of intangible assets. Identifiable assets by geographic area are as follows (in millions): March 31, December 31, Identifiable assets: United States $ 1,591.0 $ 1,528.6 Canada 102.3 137.5 Total $ 1,693.3 $ 1,666.1
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 March 31, 2019 2018 Product Category Net Sales Net Sales Cigarettes $ 2,467.5 $ 2,537.5 Food 381.6 391.5 Fresh 110.7 110.9 Candy 237.3 241.3 Other tobacco products 330.0 330.5 Health, beauty & general 187.4 151.5 Beverages 39.4 39.1 Equipment/other 0.2 3.6 Total food/non-food products 1,286.6 1,268.4 Total net sales $ 3,754.1 $ 3,805.9

Summary of Company Informatio_2

Summary of Company Information and Basis of Presentation (Details) location in Thousands, $ in Millions	Mar. 31, 2019USD ($)centerlocationfacility	Dec. 31, 2018USD ($)
Revenue from External Customer [Line Items]
Number of customer locations | location	44
Number of distribution centers | center	32
Number of distribution facilities operating as a third party logistics provider | facility	2
Reclassification from retained earnings to accumulated other comprehensive loss	$ (377.8)	$ (381.6)
Reclassification from retained earnings to accumulated other comprehensive loss	$ (6.8)	(7.8)
Restatement Adjustment
Revenue from External Customer [Line Items]
Reclassification from retained earnings to accumulated other comprehensive loss		0.9
Reclassification from retained earnings to accumulated other comprehensive loss		$ 0.9
United States
Revenue from External Customer [Line Items]
Number of distribution centers | center	27
Canada
Revenue from External Customer [Line Items]
Number of distribution centers | center	5

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019
Concentration Risk [Line Items]
Operating lease right-of-use assets (Note 4)	$ 234.6
Operating lease liability	$ 248.1
Net sales | Customer Concentration Risk | Murphy USA
Concentration Risk [Line Items]
Major customer percentage of net sales	13.00%	12.00%
Accounting Standards Update 2016-02
Concentration Risk [Line Items]
Operating lease right-of-use assets (Note 4)			$ 232.1
Operating lease liability			244.9
Decrease of deferred rent recorded under ASC 840			$ 12.8

Inventories, net (Details)

Inventories, net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Inventory [Line Items]
Inventories at FIFO, net of reserves	$ 687.6		$ 866.1
Less: LIFO reserve	(184.1)		(177.1)
Total inventories, net of reserves	503.5		689
LIFO expense	7	$ 5.9
United States
Inventory [Line Items]
Less: LIFO reserve	$ (184.1)		$ (177.1)

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)extension_option
Lessee, Lease, Description [Line Items]
Number of lease extension options	1
Leases not yet commenced | $	$ 12
Minimum
Lessee, Lease, Description [Line Items]
Number of lease extension options	1

Leases - Schedule of Assets and

Leases - Schedule of Assets and Liabilities (Details) $ in Millions	Mar. 31, 2019USD ($)
Assets
Operating	$ 234.6
Finance	20.5
Total leases	255.1
Current
Operating	41.9
Finance	3.1
Non-current
Operating	206.2
Finance	26.2
Total lease liabilities	$ 277.4

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 13.7
Amortization of leased assets	0.8
Interest on lease liabilities	0.4
Short-term lease cost	0.3
Variable lease cost	5.3
Net lease cost	$ 20.5
Weighted-average remaining lease term, operating	7 years 6 months
Weighted-average remaining lease term, finance	10 years 1 month 6 days
Weighted-average discount rate, operating	4.70%
Weighted-average discount rate, finance	5.20%
Operating cash flows used by operating leases	$ 13.6
Operating cash flows used by finance leases	0.4
Financing cash flows used by finance leases	0.9
Lease liabilities arising from obtaining new right-of-use assets, operating	7.3
Lease liabilities arising from obtaining new right-of-use assets, finance	$ 0.7

Leases - Schedule of Maturity o

Leases - Schedule of Maturity of Lease Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Operating Leases
2019	$ 39.5
2020	49.3
2021	42.5
2022	34.6
2023	27.4
2024 and thereafter	105.6
Total lease payments	298.9
Less: interest	(50.8)
Present value of lease liabilities	248.1
Finance Leases
2019	3.4
2020	4.4
2021	3.6
2022	3.5
2023	3.3
2024 and thereafter	19.4
Total lease payments	37.6
Less: interest	(8.3)
Present value of lease liabilities	29.3
2019	42.9
2020	53.7
2021	46.1
2022	38.1
2023	30.7
2024 and thereafter	125
Total lease payments	336.5
Less: interest	(59.1)
Total lease liabilities	$ 277.4
Operating Leases
2019		$ 61.6
2020		56.8
2021		48.4
2022		38.3
2023		29.8
2024 and thereafter		108.6
Total		343.5
Capital Leases
2019		4.7
2020		4.3
2021		3.5
2022		3.4
2023		3.2
2024 and thereafter		18.9
Total		38
Less: interest		(8.6)
Present value of future minimum lease payments		29.4
Less: current portion		(3.2)
Non-current portion		$ 26.2

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-term Debt (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Amounts borrowed, net	$ 187,700,000		$ 346,200,000
Amortization of debt issuance costs	200,000	$ 200,000
Credit Facility
Debt Instrument [Line Items]
Unamortized debt issuance costs	2,400,000		2,500,000
Revolving credit facility, expansion feature	200,000,000
Average borrowings	277,600,000	461,900,000
Unused credit facility and letter of credit participation	300,000	200,000
Amortization of debt issuance costs	$ 200,000	$ 200,000
Weighted-average interest rate	3.70%	2.80%
Credit Facility
Debt Instrument [Line Items]
Amounts borrowed, net	$ 161,500,000		320,000,000
Outstanding letters of credit	16,700,000		16,700,000
Amounts available to borrow	558,400,000		328,900,000
Obligations under capital leases
Debt Instrument [Line Items]
Amounts borrowed, net	26,200,000		$ 26,200,000
Minimum | Credit Facility
Debt Instrument [Line Items]
Average borrowings	160,000,000	$ 353,000,000
Maximum | Credit Facility
Debt Instrument [Line Items]
Average borrowings	$ 390,000,000	$ 575,000,000

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - Credit Facility	Mar. 31, 2019USD ($)
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 750,000,000
Revolving credit facility, expansion feature	$ 200,000,000

Earnings (Loss) Per Share - Com

Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings
Net income (loss)	$ 1.3	$ (1.3)
Shares
Weighted-average common shares outstanding (basic shares)	45.9	46.2
Adjustment for assumed dilution:
Weighted-average shares outstanding, dilution (diluted shares) (in shares)	46	46.2
Earnings (Loss) per share
Basic and diluted (in dollars per share)	$ 0.03	$ (0.03)
Restricted stock units
Adjustment for assumed dilution:
Adjustment for assumed dilution (in shares)	0.1	0

Earnings (Loss) Per Share - Nar

Earnings (Loss) Per Share - Narrative (Details)	3 Months Ended
	Mar. 31, 2019shares
Earnings Per Share [Abstract]
Anti-dilutive securities not included in the computation of diluted earnings per share (in shares)	368,082

Stock-based Compensation Plans

Stock-based Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	$ 1.9
Total unrecognized compensation cost related to non-vested share-based compensation arrangements	$ 17.3
Compensation cost not yet recognized, period for recognition	2 years 1 month 6 days
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares (in shares)	218,097	325,380
Grants in period, weighted average grant date fair value (in dollars per share)	$ 29.18	$ 23.79
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of shares (in shares)	143,089	193,005
Grants in period, weighted average grant date fair value (in dollars per share)	$ 29.18	$ 23.79
Shares earned (in shares)		141,406

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	May 07, 2019	Mar. 22, 2019	Feb. 28, 2019	Mar. 31, 2019	Mar. 31, 2018
Class of Stock [Line Items]
Dividends per share (in dollars per share)			$ 0.11	$ 0.11	$ 0.10
Cash payment amount		$ 5.1		$ 5.1	$ 4.6
Subsequent Event
Class of Stock [Line Items]
Dividends per share (in dollars per share)	$ 0.11

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Aug. 28, 2017
Equity [Abstract]
Authorized increase to stock repurchase program			$ 40,000,000
Common stock repurchased (in shares)	0	123,291
Common stock repurchased		$ 2,800,000
Common stock available for future share repurchases	$ 22,400,000

Segment and Geographic Inform_3

Segment and Geographic Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2019SegmentArea
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	1
Number of geographic operating areas | Area	2

Segment and Geographic Inform_4

Segment and Geographic Information - Information by Geographic Areas (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Net sales	$ 3,754.1	$ 3,805.9
Income (loss) before income taxes	1.8	(1.8)
Interest expense, net	3.4	3.8
Depreciation and amortization	15.4	14.9
Capital expenditures	5.1	6.9
Interest income	0.1	0.1
Reportable Geographical Components | United States
Segment Reporting Information [Line Items]
Net sales	3,414.4	3,462.3
Income (loss) before income taxes	9.3	3.8
Interest expense, net	13	13.8
Depreciation and amortization	10.5	10.3
Capital expenditures	5	6.4
Reportable Geographical Components | Canada
Segment Reporting Information [Line Items]
Net sales	326.6	331.3
Income (loss) before income taxes	1.8	0.7
Interest expense, net	0.5	0.4
Depreciation and amortization	0.6	0.6
Capital expenditures	0.1	0.5
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Net sales	13.1	12.3
Income (loss) before income taxes	(9.3)	(6.3)
Interest expense, net	(10.1)	(10.4)
Depreciation and amortization	$ 4.3	$ 4

Segment and Geographic Inform_5

Segment and Geographic Information - Identifiable Assets (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Identifiable assets:
Identifiable assets	$ 1,693.3	$ 1,666.1
United States
Identifiable assets:
Identifiable assets	1,591	1,528.6
Canada
Identifiable assets:
Identifiable assets	$ 102.3	$ 137.5

Segment and Geographic Inform_6

Segment and Geographic Information - Net Sales Mix By Primary Product Categories (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue from External Customer [Line Items]
Net sales	$ 3,754.1	$ 3,805.9
Cigarettes
Revenue from External Customer [Line Items]
Net sales	2,467.5	2,537.5
Food
Revenue from External Customer [Line Items]
Net sales	381.6	391.5
Fresh
Revenue from External Customer [Line Items]
Net sales	110.7	110.9
Candy
Revenue from External Customer [Line Items]
Net sales	237.3	241.3
Other tobacco products
Revenue from External Customer [Line Items]
Net sales	330	330.5
Health, beauty & general
Revenue from External Customer [Line Items]
Net sales	187.4	151.5
Beverages
Revenue from External Customer [Line Items]
Net sales	39.4	39.1
Equipment/other
Revenue from External Customer [Line Items]
Net sales	0.2	3.6
Total food/non-food products
Revenue from External Customer [Line Items]
Net sales	$ 1,286.6	$ 1,268.4