Global Industrial (GIC) 10-Q 6 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'SYSTEMAX INC	'
Entity Central Index Key	'0000945114	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	36,798,158
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Current assets:	'	'
Cash	$133.60	$181.40
Accounts receivable, net	340.1	333.3
Inventories	295.8	321.8
Prepaid expenses and other current assets	24.2	17.6
Deferred income taxes	2.2	2.3
Total current assets	795.9	856.4
Property, plant and equipment, net	54	59.4
Deferred income taxes	14.6	15.3
Goodwill and intangibles	7.7	6.1
Other assets	5.9	5.2
Total assets	878.1	942.4
Current liabilities:	'	'
Accounts payable	370.7	418.9
Accrued expenses and other current liabilities	94.3	89.2
Current portion of long term debt	2.3	2.5
Total current liabilities	467.3	510.6
Long-term debt	1.2	2.9
Other liabilities	17.6	22.7
Total liabilities	486.1	536.2
Commitments and contingencies	'	'
Shareholders' equity:	'	'
Preferred stock	0	0
Common stock	0.4	0.4
Additional paid-in capital	184.1	183.3
Treasury stock	-25.6	-26.4
Retained earnings	234.7	246.7
Accumulated other comprehensive income (loss)	-1.6	2.2
Total shareholders' equity	392	406.2
Total liabilities and shareholders' equity	$878.10	$942.40

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Condensed Consolidated Statements of Operations (Unaudited)	'	'	'	'
Net sales	$825.40	$791.80	$2,529.90	$2,478.10
Cost of sales	707.9	675	2,161.20	2,123.40
Gross profit	117.5	116.8	368.7	354.7
Selling, general & administrative expenses	118.5	114.8	368	357.5
Special charges, net	1.7	5.8	10.1	16.5
Operating income (loss)	-2.7	-3.8	-9.4	-19.3
Foreign currency exchange loss (gain)	3.5	-0.9	4.9	-0.5
Interest and other income, net	-0.1	0	-0.1	-0.3
Interest expense	0.3	0.3	1	1
Income (loss) before income taxes	-6.4	-3.2	-15.2	-19.5
Provision for (benefit from) income taxes	-3.6	8.4	-3.2	4.5
Net income (loss)	($2.80)	($11.60)	($12)	($24)
Net income (loss) per common share:	'	'	'	'
Basic	($0.08)	($0.31)	($0.32)	($0.65)
Diluted	($0.08)	($0.31)	($0.32)	($0.65)
Weighted average common and common equivalent shares:	'	'	'	'
Basic	37.1	37	37.1	37
Diluted	37.1	37	37.1	37

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) [Abstract]	'	'	'	'
Net income (loss)	($2.80)	($11.60)	($12)	($24)
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation	-6.4	7	-3.8	-1
Total comprehensive income (loss)	($9.20)	($4.60)	($15.80)	($25)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net income (loss)	($12)	($24)
Adjustments to reconcile net income (loss) to net cash used in operating activities:	'	'
Depreciation and amortization	11.6	14.5
Asset impairment	0.1	0.8
(Benefit) provision for deferred income taxes	-0.5	1.2
Provision for doubtful accounts	5.6	2.5
Compensation expense related to equity compensation plans	1.3	2.4
Excess tax benefit from exercises of stock options	0	-0.1
Loss on dispositions and abandonment	0	0.1
Changes in operating assets and liabilities:	'	'
Accounts receivable	-18.1	9
Inventories	26.1	82.7
Prepaid expenses and other current assets	-4.4	-6
Accounts payable	-49.6	-57
Accrued expenses and other current liabilities	2.4	9.9
Net cash (used in) provided by operating activities	-37.5	36
Cash flows from investing activities:	'	'
Purchases of property, plant and equipment	-5.5	-10.2
Proceeds from disposals of property, plant and equipment	1.1	0.3
Purchase of SCC Services BV, net of cash acquired	-6.4	0
Net cash used in investing activities	-10.8	-9.9
Cash flows from financing activities:	'	'
Repayments of capital lease obligations	-1.9	-2.1
Proceeds from issuance of common stock	0.3	0.1
Excess tax benefit from exercises of stock options	0	0.1
Net cash used in financing activities	-1.6	-1.9
Effects of exchange rates on cash	2.1	-1.6
Net (decrease) increase in cash	-47.8	22.6
Cash - beginning of period	181.4	150.7
Cash - end of period	$133.60	$173.30

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, At Cost [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss)[Member]	Total
In Millions, unless otherwise specified
Balances at Dec. 31, 2013	$0.40	$183.30	($26.40)	$246.70	$2.20	$406.20
Balances (in shares) at Dec. 31, 2013	36,729	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Stock-based compensation expense	'	1.3	'	'	'	1.3
Issuance of restricted stock	'	-0.4	0.4	'	'	0
Issuance of restricted stock (in shares)	35	'	'	'	'	'
Exercise of stock options	'	-0.1	0.4	'	'	0.3
Exercise of stock options (in shares)	30	'	'	'	'	'
Change in cumulative translation adjustment	'	'	'	'	-3.8	-3.8
Net loss	'	'	'	-12	'	-12
Balances at Sep. 30, 2014	$0.40	$184.10	($25.60)	$234.70	($1.60)	$392
Balances (in shares) at Sep. 30, 2014	36,794	'	'	'	'	'

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Basis of Presentation [Abstract]	'
Basis of Presentation	'
		1	Basis of Presentation
	The accompanying condensed consolidated financial statements of the Company and its wholly-owned subsidiaries are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the rules and regulations of the Securities and Exchange Commission.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America are not required in these interim financial statements and have been condensed or omitted.  All significant intercompany accounts and transactions have been eliminated in consolidation.  Certain prior year amounts have been reclassified to conform to current year presentation.
	In the opinion of management, the accompanying condensed consolidated financial statements contain all normal and recurring adjustments necessary to present fairly the financial position of the Company as of September 30, 2014 and the results of operations for the three and nine month periods ended September 30, 2014 and 2013, statements of comprehensive income for the three and nine month periods ended September 30, 2014 and 2013, cash flows for the nine month periods ended September 30, 2014 and 2013 and changes in shareholders' equity for the nine month period ended September 30, 2014.  The December 31, 2013 condensed consolidated balance sheet has been derived from the audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.
	These condensed consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements as of December 31, 2013 and for the year then ended included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.  The results for the nine month period ended September 30, 2014 are not necessarily indicative of the results for the entire year.
	Systemax manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31.  For clarity of presentation herein, fiscal years and quarters are referred to as if they ended on the traditional calendar month.  The actual fiscal third quarter ended on September 27, 2014. The third quarters of both 2014 and 2013 included 13 weeks and the first nine months of both 2014 and 2013 included 39 weeks.

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2014
Acquisition [Abstract]	'
Acquisition	'
		2	Acquisition
	On June 12, 2014, the Company acquired SCC Services B.V. ("SCC"), a supplier of business-to-business IT products and services with operations in the Netherlands.   The purchase price (after giving effect to the conversion of Euros to U.S. dollars) was approximately $7.3 million in cash (5.4 million Euro), $0.6 million (0.4 million Euro) of which was placed into an escrow account for one year to secure the sellers' indemnification obligations under the purchase agreement. A preliminary allocation of the purchase price was done as of the acquisition date. The Company acquired approximately $4.8 million in total assets, including approximately $0.9 million in cash, $12.3 million in receivables, $2.5 million in goodwill and other intangibles and $10.8 million in payables. The Company has determined that this is not a material acquisition for financial reporting purposes.  The accounts of SCC are included in the accompanying condensed consolidated balance sheet. The operating results of SCC are included in the accompanying condensed consolidated statements of operations from the date of acquisition.  SCC is included in the European operations of the Company's Technology Products reportable segment.

Net_Income_Loss_per_Common_Sha

Net Income (Loss) per Common Share	9 Months Ended
	Sep. 30, 2014
Net Income (Loss) per Common Share [Abstract]	'
Net Income (Loss) per Common Share	'
		3	Net Income (Loss) per Common Share
	Net income per common share - basic was calculated based upon the weighted average number of common shares outstanding during the respective periods presented using the two class method of computing earnings per share.  The two class method was used as the Company has outstanding restricted stock with rights to dividend participation for unvested shares.  Net income per common share - diluted was calculated based upon the weighted average number of common shares outstanding and included the equivalent shares for dilutive options and restricted stock awards outstanding during the respective periods, including unvested options.  The dilutive effect of outstanding options and restricted stock issued by the Company is reflected in net income per share - diluted using the treasury stock method.  Under the treasury stock method, options will only have a dilutive effect when the average market price of common stock during the period exceeds the exercise price of the options.  In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation as their inclusion would have an antidilutive effect. The weighted average number of stock options outstanding included in the computation of diluted earnings (loss) per share was zero shares for the three and nine month periods ended September 30, 2014 and 2013, respectively. The weighted average number of restricted stock awards included in the computation of diluted earnings (loss) per share was zero shares for the three and nine month periods ended September 30, 2014 and 2013, respectively.  The weighted average number of stock options excluded from the computation of diluted earnings (loss) per share was 0.8 million and 1.1 million shares for the three month periods ended September 30, 2014 and 2013, respectively, and 0.3 million and 1.2 million shares for the nine month periods ended September 30, 2014 and 2013, respectively, due to their antidilutive effect. The weighted average number of restricted awards outstanding excluded from the computation of diluted earnings (loss) per share was zero shares and a de minimis number of shares for the three month periods ended September 30, 2014 and 2013, respectively, and zero shares and 0.1 million for the nine month periods ended September 30, 2014 and 2013, respectively, due to their antidilutive effect.

Credit_Facilities_and_LongTerm

Credit Facilities and Long-Term Debt	9 Months Ended
	Sep. 30, 2014
Credit Facilities and Long-Term Debt [Abstract]	'
Credit Facilities and Long-Term Debt	'
		4	Credit Facilities and Long Term Debt
	The Company maintains a $125.0 million (which may be increased to $200.0 million, subject to certain conditions) secured revolving credit agreement with a group of financial institutions which provides for borrowings in the United States.  The credit facility has a five year term and expires on October 27, 2015.  Availability is subject to a borrowing base formula that takes into account eligible receivables and eligible inventory.  Borrowings are secured by substantially all of the Company's assets, including accounts receivable, inventory and certain other assets, subject to limited exceptions.  The credit agreement contains certain operating, financial and other covenants, including limits on annual levels of capital expenditures, availability tests related to payments of dividends and stock repurchases and fixed charge coverage tests related to acquisitions.  The borrowings under the agreement are subject to borrowing base limitations of up to 85% of eligible accounts receivable and up to 40% of qualified inventories.  The interest rate under this facility is computed at applicable market rates based on LIBOR or the Prime Rate, plus an applicable margin.  The revolving credit agreement requires that a minimum level of availability be maintained.  If such availability is not maintained, the Company will be required to maintain a fixed charge coverage ratio (as defined).  The applicable margin varies based on borrowing base availability.  As of September 30, 2014, eligible collateral under the agreement was $121.9 million, total availability was $114.5 million, total outstanding letters of credit were $7.4 million and there were no outstanding borrowings.  The Company was in compliance with all of the covenants under this facility as of September 30, 2014.
	The Company (through a subsidiary) has an outstanding Bond financing with the Development Authority of Jefferson, Georgia (the "Authority").  The Bonds were issued by the Authority and purchased by GE Government Finance Inc., and mature on October 1, 2018.  The proceeds from the Bond were used to finance capital equipment purchased for the Company's distribution facility located in Jefferson, Georgia. The purchase and installation of the equipment for the facility was completed by December 31, 2011.  Pursuant to the transaction, the Company transferred to the Authority, for consideration consisting of the Bonds proceeds, ownership of the equipment and the Authority leased the equipment to the Company's subsidiary pursuant to a capital equipment lease expiring October 1, 2018. Under the capital equipment lease the Company has the right to acquire ownership of the equipment at any time for a purchase price sufficient to pay off all principal and interest on the Bonds, plus $1.00. As of September 30, 2014, there was approximately $2.8 million outstanding against this financing facility.

Special_charges

Special charges	9 Months Ended
	Sep. 30, 2014
Special charges [Abstract]	'
Special charges	'
		5	Special Charges, net
	The Company's Technology Products segment incurred special charges of approximately $1.6 million in the third quarter of 2014.  These charges, estimates of which were previously disclosed, included approximately $1.8 million in workforce reductions related to the restructuring of our European operations, $0.1 million in continued recruitment costs to staff the European shared services center, $0.1 million of additional legal and professional fees related to the previously disclosed investigation and settlement with former officers and employees and $0.4 million benefit related to favorable outcomes in the negotiation of a buyout of two retail store leases that were exited in 2013 prior to lease expiration (Other Exit Costs).  For the nine months period ended September 30, 2014, the Company's Technology Products segment incurred $10.0 million in special charges. These charges, estimates of which were previously disclosed, included approximately $8.3 million in estimated workforce reductions related to the restructuring of our European operations, $0.5 million in continued recruitment costs to staff the European shared services center, $0.1 million for changes in the estimate of lease valuation accruals and the buyout of the two retail store leases mentioned above (Other Exit Costs), $0.2 million in other costs related to the retail stores that were closed in 2013, $0.2 million in charges related to the final sale of the facility which had been used in connection with our previously exited PC manufacturing business and $0.7 million of additional legal and professional fees related to the previously disclosed investigation and settlement with former officers and employees.
	The balance of the workforce reductions and retail store closing liabilities are included in the Condensed Consolidated Balance Sheet within accrued expenses and other current liabilities and other liabilities.
	The following table details the associated liabilities related to the Technology Products segments special charges (in millions):
			Workforce reductions and Personnel Costs			Other Exit Costs			Total
	Balance January 1, 2014		$	7		$	5.1		$	12.1
	Charged to expense			8.3			0.1			8.4
	Paid or otherwise settled			(10.7	)		(1.4	)		(12.1	)
	Balance September 30, 2014		$	4.6		$	3.8		$	8.4
	Corporate and other segment incurred $0.1 million of special charges related to severance costs in the quarter and nine months period ended September 30, 2014.

Segment_Information

Segment Information	9 Months Ended
	Sep. 30, 2014
Segment Information [Abstract]	'
Segment Information	'
		6	Segment Information
	Systemax is primarily a direct marketer of brand name and private label products.  Our operations are organized into two reportable business segments – Technology Products and Industrial Products.
	The Technology Products segment sells products categorized as Information and Communications Technology ("ICT") and Consumer Electronics ("CE").  These products include computers, computer supplies and consumer electronics which are marketed in North America, Puerto Rico and Europe.  Most of these products are manufactured by other companies; however, the Company does offer a selection of products that are manufactured for our own design and marketed on a private label basis.
	Our Industrial Products segment sells a wide array of industrial products and supplies categorized as Maintenance, Repairs and Operations ("MRO") which are marketed in North America and Mexico.  Most of these products are manufactured by other companies; however, the Company does offer a selection of products that are manufactured for our own design and marketed on a private label basis.
	The Company's chief operating decision-maker is the Company's Chief Executive Officer ("CEO").  The CEO, in his role as Chief Operating Decision Maker ("CODM"), evaluates segment performance based on operating income (loss).  The CODM reviews assets and makes significant capital expenditure decisions for the Company on a consolidated basis only.  The accounting policies of the segments are the same as those of the Company.  Corporate costs not identified with the disclosed segments are grouped as "Corporate and other expenses".
	The Company's Industrial Products and Technology Products segments sell dissimilar products.  Industrial products are generally higher in price, lower in volume and higher in product margin.  Technology products are generally higher in volume, lower in price and lower in product margin.  This results in higher operating margin for the Industrial Products segment.  Each segment incurs specifically identifiable selling, general and administrative expenses, with the selling, general and administrative expenses for the Industrial Products segment being higher as a percentage of sales than those of the Technology Products segment as a result of the Industrial Products segment having a longer selling cycle for its business customers and a business model requiring greater advertising expenditures than the Technology Products segment. Additionally, the Industrial Products segment's vendors generally do not provide funding to offset its marketing expenses.
	Financial information relating to the Company's operations by reportable segment was as follows (in millions):
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2014			2013			2014			2013
	Net sales:
	Technology Products		$	681.2		$	665		$	2,111.60		$	2,124.30
	Industrial Products			142.7			125.7			413.9			349.9
	Corporate and Other			1.5			1.1			4.4			3.9
	Consolidated		$	825.4		$	791.8		$	2,529.90		$	2,478.10
	Operating income (loss):
	Technology Products		$	(9.7	)	$	(9.9	)	$	(29.5	)	$	(33.2	)
	Industrial Products			10.6			10.8			32.7			30.4
	Corporate and Other			(3.6	)		(4.7	)		(12.6	)		(16.5	)
	Consolidated		$	(2.7	)	$	(3.8	)	$	(9.4	)	$	(19.3	)
	Financial information relating to the Company's operations by geographic area was as follows (in millions):
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2014			2013			2014			2013
	Net sales:
	United States		$	500.3		$	491		$	1,510.00		$	1,528.10
	United Kingdom			114.1			114.3			371.8			352
	France			82.9			73.3			274.4			235.3
	Other Europe			82.2			65.1			233.1			213.6
	Other North America			45.9			48.1			140.6			149.1
	Consolidated		$	825.4		$	791.8		$	2,529.90		$	2,478.10
	Net sales are attributed to countries based on the location of the selling subsidiary.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2014
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
		7	Fair Value Measurements
	Financial instruments consist primarily of investments in cash, trade accounts receivable, debt and accounts payable. The Company estimates the fair value of financial instruments based on interest rates available to the Company and by comparison to quoted market prices. At September 30, 2014 and 2013, the carrying amounts of cash, accounts receivable and accounts payable are considered to be representative of their respective fair values due to their short-term nature. The Company's debt is considered to be representative of its fair value because of its variable interest rate.
	The fair value of goodwill, non-amortizing intangibles and long lived assets is measured in connection with the Company's annual impairment testing. The Company performs a qualitative assessment of goodwill and non-amortizing intangibles to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.  If the qualitative assessment shows that the fair value of the reporting unit exceeds its carrying amount, the company is not required to complete the annual two step goodwill impairment test.  If a quantitative analysis is required to be performed for goodwill, the fair value of the reporting unit to which the goodwill has been assigned is determined using a discounted cash flow model.  A discounted cash flow model is also used to determine fair value of indefinite-lived intangibles using projected cash flows of the intangible. Unobservable inputs related to these discounted cash flow models include projected sales growth, same store sales growth, gross margin percentages, new business opportunities, working capital requirements, capital expenditures and growth in selling, general and administrative expense and are classified in accordance with ASC 820, "Fair Value Measurements and Disclosures", within Level 3 of the valuation hierarchy. Long lived assets are assets used in the Company's operations and include leasehold improvements, warehouse and retail store fixtures and similar property used to generate sales and cash flows.  Long lived assets are tested for impairment utilizing a recoverability test. The recoverability test compares the carrying value of an asset group to the undiscounted cash flows directly attributable to the asset group over the life of the primary asset.  If the undiscounted cash flows of an asset group is less than the carrying value of the asset group, the fair value of the asset group is then measured. If the fair value is also determined to be less than the carrying value of the asset group, the asset group is impaired.  During the fourth quarter of 2014, the Company will continue to assess its goodwill, non-amortizing intangibles and long lived assets, including those assets related to the Company's North American Technology Products operations, for which recurring losses have been incurred in recent years, for impairment.

Legal_Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2014
Legal Proceedings [Abstract]	'
Legal Proceedings	'
		8	Legal Proceedings
	The Company and its subsidiaries are involved in various lawsuits, claims, investigations and  proceedings including commercial, employment, consumer, personal injury and health and safety law matters, which are being handled and defended in the ordinary course of business.  In addition, the Company is subject to various assertions, claims, proceedings and requests for indemnification concerning intellectual property, including patent infringement suits involving technologies that are incorporated in a broad spectrum of products the Company sells.  The Company is also audited by (or has initiated voluntary disclosure agreements with) numerous governmental agencies in various countries, including U.S. Federal and state authorities, concerning potential income tax, sales tax and unclaimed property liabilities.  These matters are in various stages of investigation, negotiation and/or litigation, and are being vigorously defended.  In this regard, the State of Pennsylvania and New York have claimed that certain of the Company's consumer electronics e-commerce sales are subject to sales tax in those states.  The Company intends to vigorously defend these matters and believes it has strong defenses.  The Company is also being audited by an entity representing 45 states seeking recovery of "unclaimed property".  The Company is complying with the audit and is providing requested information.
	Although the Company does not expect, based on currently available information, that the outcome in any of these matters, individually or collectively, will have a material adverse effect on its financial condition or results of operations, the ultimate outcome is inherently unpredictable.  Therefore, judgments could be rendered or settlements entered, that could adversely affect the Company's operating results or cash flows in a particular period.  The Company routinely assesses all of its litigation and threatened litigation as to the probability of ultimately incurring a liability, and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable and estimable.  In this regard, the Company establishes accrual estimates for its various lawsuits, claims, investigations and proceedings when it is probable that an asset has been impaired or a liability incurred at the date of the financial statements and the loss can be reasonably estimated. At September 30, 2014 the Company has established accruals for certain of its various lawsuits, claims, investigations and proceedings based upon estimates of the most likely outcome in a range of loss or the minimum amounts in a range of loss if no amount within a range is a more likely estimate.  The Company does not believe that at September 30, 2014 any reasonably possible losses in excess of the amounts accrued would be material to the financial statements.

Special_charges_Tables

Special charges (Tables)	9 Months Ended
	Sep. 30, 2014
Special charges [Abstract]	'
Liabilities Related to Integration	'
	The following table details the associated liabilities related to the Technology Products segments special charges (in millions):
		Workforce reductions and Personnel Costs			Other Exit Costs			Total
	Balance January 1, 2014	$	7		$	5.1		$	12.1
	Charged to expense		8.3			0.1			8.4
	Paid or otherwise settled		(10.7	)		(1.4	)		(12.1	)
	Balance September 30, 2014	$	4.6		$	3.8		$	8.4

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Information [Abstract]	'
Financial Information by Reportable Segment	'
	Financial information relating to the Company's operations by reportable segment was as follows (in millions):
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Net sales:
	Technology Products	$	681.2		$	665		$	2,111.60		$	2,124.30
	Industrial Products		142.7			125.7			413.9			349.9
	Corporate and Other		1.5			1.1			4.4			3.9
	Consolidated	$	825.4		$	791.8		$	2,529.90		$	2,478.10
	Operating income (loss):
	Technology Products	$	(9.7	)	$	(9.9	)	$	(29.5	)	$	(33.2	)
	Industrial Products		10.6			10.8			32.7			30.4
	Corporate and Other		(3.6	)		(4.7	)		(12.6	)		(16.5	)
	Consolidated	$	(2.7	)	$	(3.8	)	$	(9.4	)	$	(19.3	)
Financial Information by Geographic Area	'
	Financial information relating to the Company's operations by geographic area was as follows (in millions):
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Net sales:
	United States	$	500.3		$	491		$	1,510.00		$	1,528.10
	United Kingdom		114.1			114.3			371.8			352
	France		82.9			73.3			274.4			235.3
	Other Europe		82.2			65.1			233.1			213.6
	Other North America		45.9			48.1			140.6			149.1
	Consolidated	$	825.4		$	791.8		$	2,529.90		$	2,478.10

Basis_of_Presentation_Details

Basis of Presentation (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Schedule of Weeks in Period [Line Items]	'	'	'	'
Number of weeks	'13	'13	'39	'39
Minimum [Member]	'	'	'	'
Schedule of Weeks in Period [Line Items]	'	'	'	'
Number of weeks	'	'	'52	'
Maximum [Member]	'	'	'	'
Schedule of Weeks in Period [Line Items]	'	'	'	'
Number of weeks	'	'	'53	'

Acquisition_Details

Acquisition (Details) (SCC Services B.V. [Member])	0 Months Ended
In Millions, unless otherwise specified	Jun. 12, 2014	Jun. 12, 2014
	USD ($)	EUR (€)
Acquisition [Line Items]	'	'
Payments to Acquire Businesses, Gross	$7.30	€ 5.40
Escrow deposit to secure sellers' indemnification obligations	0.6	0.4
Duration period of escrow deposit	'1 year	'1 year
Total assets acquired	4.8	'
Cash and cash equivalents acquired	0.9	'
Receivables acquired	12.3	'
Goodwill and other intangibles acquired	2.5	'
Payables acquired	$10.80	'

Net_Income_Loss_per_Common_Sha1

Net Income (Loss) per Common Share (Details)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Restricted Stock [Member]	'	'	'	'
Share-based compensation arrangement by share-based payment award [Line Items]	'	'	'	'
Weighted average number of awards outstanding for computation of diluted earnings per share (in shares)	0	0	0	0
Weighted average number of awards outstanding excluded from the computation of diluted earnings per share (in shares)	0	0	0	0.1
Stock Option [Member]	'	'	'	'
Share-based compensation arrangement by share-based payment award [Line Items]	'	'	'	'
Weighted average number of awards outstanding for computation of diluted earnings per share (in shares)	0	0	0	0
Weighted average number of awards outstanding excluded from the computation of diluted earnings per share (in shares)	0.8	1.1	0.3	1.2

Credit_Facilities_and_LongTerm1

Credit Facilities and Long-Term Debt (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Line of Credit Facility [Line Items]	'
Recovery zone facility bond, maturity date	1-Oct-18
Capital equipment lease maturity date	1-Oct-18
Additional amount to be paid over principal and interest to acquire ownership	$1
Long-term debt, outstanding amount	2,800,000
Systemax Inc. [Member]	'
Line of Credit Facility [Line Items]	'
Secured revolving credit agreement, current borrowing capacity	125,000,000
Secured revolving credit agreement, maximum borrowing capacity	200,000,000
Term of credit facility	'5 years
Credit facility, maturing date	31-Oct-15
Percentage of eligible accounts receivable for borrowings, maximum (in hundredths)	85.00%
Percentage of qualified inventories for borrowings, maximum (in hundredths)	40.00%
Eligible collateral letters of credit	121,900,000
Availability under line of credit	114,500,000
Total outstanding letters of credit	7,400,000
Outstanding borrowings	$0

Special_charges_Details

Special charges (Details) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014
Technology Products [Member]	'	'
Special Charges [Abstract]	'	'
Balance beginning of period	'	$12.10
Charged to expense	'	8.4
Paid or otherwise settled	'	-12.1
Balance end of period	8.4	8.4
Special charges	1.6	10
Technology Products [Member] | Workforce and Personnel Costs [Member]	'	'
Special Charges [Abstract]	'	'
Balance beginning of period	'	7
Charged to expense	'	8.3
Paid or otherwise settled	'	-10.7
Balance end of period	4.6	4.6
Technology Products [Member] | Other Exit Costs [Member]	'	'
Special Charges [Abstract]	'	'
Balance beginning of period	'	5.1
Charged to expense	-0.4	0.1
Paid or otherwise settled	'	-1.4
Balance end of period	3.8	3.8
Technology Products [Member] | Closing of Underperforming Retail Stores [Member]	'	'
Special Charges [Abstract]	'	'
Special charges	'	0.2
Technology Products [Member] | Facility Closing and Exit from PC Manufacturing Business [Member]	'	'
Special Charges [Abstract]	'	'
Special charges	'	0.2
Technology Products [Member] | Legal And Professional Fees [Member]	'	'
Special Charges [Abstract]	'	'
Special charges	0.1	0.7
Technology Products [Member] | Workforce Reductions and Other Exit Costs [Member]	'	'
Special Charges [Abstract]	'	'
Special charges	1.8	8.3
Technology Products [Member] | European Shared Services Center [Member]	'	'
Special Charges [Abstract]	'	'
Recruitment costs	0.1	0.5
Corporate and Other [Member] | Severance [Member]	'	'
Special Charges [Abstract]	'	'
Special charges	$0.10	$0.10

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
			Segment
Segment Reporting Information [Line Items]	'	'	'	'
Number of reportable segments	'	'	2	'
Net sales [Abstract]	'	'	'	'
Net sales	$825.40	$791.80	$2,529.90	$2,478.10
Operating income (loss) from continuing operations [Abstract]	'	'	'	'
Consolidated operating income (loss)	-2.7	-3.8	-9.4	-19.3
Corporate and Other [Member]	'	'	'	'
Net sales [Abstract]	'	'	'	'
Net sales	1.5	1.1	4.4	3.9
Operating income (loss) from continuing operations [Abstract]	'	'	'	'
Consolidated operating income (loss)	-3.6	-4.7	-12.6	-16.5
Technology Products [Member] | Operating Segments [Member]	'	'	'	'
Net sales [Abstract]	'	'	'	'
Net sales	681.2	665	2,111.60	2,124.30
Operating income (loss) from continuing operations [Abstract]	'	'	'	'
Consolidated operating income (loss)	-9.7	-9.9	-29.5	-33.2
Industrial Products [Member] | Operating Segments [Member]	'	'	'	'
Net sales [Abstract]	'	'	'	'
Net sales	142.7	125.7	413.9	349.9
Operating income (loss) from continuing operations [Abstract]	'	'	'	'
Consolidated operating income (loss)	$10.60	$10.80	$32.70	$30.40

Segment_Information_Part_Two_D

Segment Information Part Two (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net sales [Abstract]	'	'	'	'
Consolidated net sales	$825.40	$791.80	$2,529.90	$2,478.10
United States [Member]	'	'	'	'
Net sales [Abstract]	'	'	'	'
Consolidated net sales	500.3	491	1,510	1,528.10
United Kingdom [Member]	'	'	'	'
Net sales [Abstract]	'	'	'	'
Consolidated net sales	114.1	114.3	371.8	352
France	'	'	'	'
Net sales [Abstract]	'	'	'	'
Consolidated net sales	82.9	73.3	274.4	235.3
Other Europe [Member]	'	'	'	'
Net sales [Abstract]	'	'	'	'
Consolidated net sales	82.2	65.1	233.1	213.6
Other North America [Member]	'	'	'	'
Net sales [Abstract]	'	'	'	'
Consolidated net sales	$45.90	$48.10	$140.60	$149.10