Global Industrial (GIC) 10-K 12 Mar 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 05, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-13792
Entity Registrant Name	Global Industrial Company
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	11-3262067
Entity Address, Address Line One	11 Harbor Park Drive
Entity Address, City or Town	Port Washington
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11050
City Area Code	(516)
Local Phone Number	608-7000
Title of 12(b) Security	Common Stock, par value $ .01 per share
Trading Symbol	GIC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 350,181,866
Entity Common Stock, Shares Outstanding		38,138,173
Documents Incorporated by Reference	Portions of the Proxy Statement of Global Industrial Company relating to the Annual Meeting of Stockholders to be held in 2024 are incorporated by reference in Part III hereof.
Entity Central Index Key	0000945114
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	New York, New York

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and Cash Equivalents, at Carrying Value	$ 34.4	$ 28.5
Accounts receivable, (net of allowance for credit losses of $2.9 and $2.3, respectively)	130.7	108
Inventories	150.8	179.4
Prepaid expenses and other current assets	13.9	9.8
Total current assets	329.8	325.7
Property, plant and equipment, net	20	21
Operating lease right-of-use assets	84.4	90.3
Deferred income taxes	7.9	9.9
Goodwill and intangibles	69.3	6.6
Other assets	2	1.7
Total assets	513.4	455.2
Current liabilities:
Accounts payable	111	96.9
Accrued expenses and other current liabilities	49.1	43.2
Short term debt	0	0.6
Operating lease liabilities	14.1	12.4
Total current liabilities	174.2	153.1
Operating lease liabilities	81.4	89.1
Other liabilities	2.6	2.6
Total liabilities	258.2	244.8
Commitments and contingencies
Shareholders’ equity:
Preferred stock, par value $.01 per share, authorized 25 million shares; issued none	0	0
Common stock, par value $0.01 per share, authorized 150 million shares; issued 39,123,102 and 39,064,239 shares; outstanding 38,074,344 and 37,960,605 shares	0.4	0.4
Additional paid-in capital	204.8	201.2
Treasury stock at cost —1,048,758 and 1,103,634 shares	(18.6)	(19.5)
Retained earnings	66	25.9
Accumulated other comprehensive income	2.6	2.4
Total shareholders’ equity	255.2	210.4
Total liabilities and shareholders’ equity	$ 513.4	$ 455.2

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 2.9	$ 2.3
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	25,000,000	25,000,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, issued (in shares)	39,123,102	39,064,239
Common stock, outstanding (in shares)	38,074,344	37,960,605
Treasury stock at cost (in shares)	1,048,758	1,103,634

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 1,274.3	$ 1,166.1	$ 1,063.1
Cost of sales	838.5	744.9	688.8
Gross profit	435.8	421.2	374.3
Selling, distribution and administrative expenses	339.3	316	286.3
Operating income from continuing operations	96.5	105.2	88
Foreign currency exchange loss	0.2	0.3	0.3
Interest and other expense	1.1	1.1	0.1
Income from continuing operations before income taxes	95.2	103.8	87.6
Provision for income taxes	24.5	25.7	17.5
Net income from continuing operations	70.7	78.1	70.1
Income from discontinued operations, net of tax	0	0.7	33.2
Net income	$ 70.7	$ 78.8	$ 103.3
Net income per common share from continuing operations:
Basic (in dollars per share)	$ 1.85	$ 2.05	$ 1.85
Diluted (in dollars per share)	1.84	2.04	1.84
Net income per common share from discontinued operations:
Basic (in dollars per share)	0	0.02	0.88
Diluted (in dollars per share)	0	0.02	0.87
Net income per common share:
Basic (in dollars per share)	1.85	2.07	2.73
Diluted (in dollars per share)	$ 1.84	$ 2.06	$ 2.71
Weighted average common and common equivalent shares:
Basic (in shares)	38.1	38	37.8
Diluted (in shares)	38.2	38.1	38
Dividends declared (in dollars per share)	$ 0.80	$ 0.72	$ 1.64

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 70.7	$ 78.8	$ 103.3
Other comprehensive income (loss):
Foreign currency translation	0.2	(0.9)	(0.1)
Total comprehensive income	$ 70.9	$ 77.9	$ 103.2

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income from continuing operations	$ 70.7	$ 78.1	$ 70.1
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	6.4	3.9	3.7
Provision (benefit) for deferred income taxes	2	0	(3.2)
Provision for credit losses	3.2	1.6	2.8
Compensation expense related to equity compensation plans	3	4.5	2.9
Gain on dispositions and abandonment	0	(0.1)	0
Changes in operating assets and liabilities:
Accounts receivable	(2.6)	(3.3)	(7.4)
Inventories	33.3	(7)	(40.5)
Prepaid expenses and other assets	(0.8)	(1.8)	0.4
Income taxes	(1.1)	(7.1)	3.9
Accounts payable	1.2	(17)	19.7
Accrued expenses, other current liabilities and other liabilities	(3.3)	(2)	(4.8)
Net cash provided by operating activities from continuing operations	112	49.8	47.6
Net cash provided by operating activities from discontinued operations	0	0.4	2.2
Net cash provided by operating activities	112	50.2	49.8
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(3.9)	(7.4)	(3.4)
Proceeds from disposals of property, plant and equipment	0	0.3	0
Purchase of Indoff LLC, net of cash acquired	(72.3)	0	0
Net cash used in investing activities from continuing operations	(76.2)	(7.1)	(3.4)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid	(30.6)	(27.6)	(62.5)
Borrowings under credit facility	50.6	119	45.2
Repayments under credit facility	(51.2)	(122.9)	(40.7)
Proceeds from issuance of common stock	0.6	0.8	4.9
Payment of payroll taxes on stock-based compensation through shares withheld	(0.5)	(0.4)	(3)
Proceeds from the issuance of common stock from employee stock purchase plans	1.4	1.4	1.1
Net cash used in financing activities from continuing operations	(29.7)	(29.7)	(55)
EFFECTS OF EXCHANGE RATES ON CASH	(0.2)	(0.3)	0
NET INCREASE (DECREASE) IN CASH	5.9	13.1	(8.6)
CASH AND CASH EQUIVALENTS – BEGINNING OF YEAR	28.5	15.4	24
CASH AND CASH EQUIVALENTS – END OF YEAR	34.4	28.5	15.4
Supplemental disclosures:
Interest paid	1.1	1.2	0.3
Income taxes paid	23.7	32.8	27
Right-of-use assets obtained in exchange for lease obligations:
ROU assets obtained in exchange for operating and finance lease obligations	$ 6.3	$ 34.5	$ 2.6

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Treasury Stock, At Cost	Retained (Deficit) Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balances (in shares) at Dec. 31, 2020		37,552,000
Beginning balances at Dec. 31, 2020	$ 106.8	$ 0.4	$ 193.5	$ (24)	$ (66.5)	$ 3.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	2.9		2.9
Issuance of restricted stock (in shares)		78,000
Issuance of restricted stock	0		(1.3)	1.3
Stock withheld for employee taxes (in shares)		(77,000)
Stock withheld for employee taxes	(3)			(3)
Proceeds from issuance of common stock (in shares)		246,000
Proceeds from issuance of common stock	4.9		(0.4)	5.3
Dividends	(62.3)				(62.3)
Issuance of shares under employee stock purchase plan (in shares)		55,000
Issuance of shares under employee stock purchase plan	1.1		1.1
Change in cumulative translation adjustment	(0.1)					(0.1)
Net income	103.3				103.3
Ending balances (in shares) at Dec. 31, 2021		37,854,000
Ending balances at Dec. 31, 2021	153.6	$ 0.4	195.8	(20.4)	(25.5)	3.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	4.5		4.5
Issuance of restricted stock (in shares)		32,000
Issuance of restricted stock	0		(0.6)	0.6
Stock withheld for employee taxes (in shares)		(12,000)
Stock withheld for employee taxes	(0.4)			(0.4)
Proceeds from issuance of common stock (in shares)		34,000
Proceeds from issuance of common stock	0.8		0.1	0.7
Dividends	(27.4)				(27.4)
Issuance of shares under employee stock purchase plan (in shares)		53,000
Issuance of shares under employee stock purchase plan	1.4		1.4
Change in cumulative translation adjustment	(0.9)					(0.9)
Net income	$ 78.8				78.8
Ending balances (in shares) at Dec. 31, 2022	37,960,605	37,961,000
Ending balances at Dec. 31, 2022	$ 210.4	$ 0.4	201.2	(19.5)	25.9	2.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	3		3
Issuance of restricted stock (in shares)		44,000
Issuance of restricted stock	0		(0.7)	0.7
Stock withheld for employee taxes (in shares)		(19,000)
Stock withheld for employee taxes	(0.5)		(0.2)	(0.3)
Proceeds from issuance of common stock (in shares)		29,000
Proceeds from issuance of common stock	0.6		0.1	0.5
Dividends	(30.6)				(30.6)
Issuance of shares under employee stock purchase plan (in shares)		59,000
Issuance of shares under employee stock purchase plan	1.4		1.4
Change in cumulative translation adjustment	0.2					0.2
Net income	$ 70.7				70.7
Ending balances (in shares) at Dec. 31, 2023	38,074,344	38,074,000
Ending balances at Dec. 31, 2023	$ 255.2	$ 0.4	$ 204.8	$ (18.6)	$ 66	$ 2.6

BASIS OF PRESENTATION

BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Global Industrial Company, through its operating subsidiaries (collectively, the “Company” or “Global Industrial”), is a value-added industrial distributor of hundreds of thousands of industrial and maintenance, repair and operations ("MRO") products in North America going to market through a system of branded e-commerce websites and relationship marketers. The Company operates and is internally managed in one reportable business segment. The Company sells a wide array of industrial and maintenance, repair and operation products, markets the Company has served since 1949. Because of the large number of products and product categories the Company offers, providing information on the amount of revenue derived from transactions with external customers for each product or groupings of products is impractical. As previously disclosed, on May 19, 2023 the Company acquired 100% of the outstanding equity interests of Indoff LLC ("Indoff"), a business-to-business direct marketer of material handling products, commercial interior products and business products with operations in North America, for approximately $72.6 million in cash, $5.2 million of which was placed into an escrow account for two years to secure the sellers’ indemnification obligations under the purchase agreement. Under the terms of the escrow agreement the escrow amount will be reduced to $2.5 million on the one year anniversary of the closing date. This acquisition expands the Company's presence in the MRO market in North America. The Indoff accounts are included in the accompanying consolidated financial statements from the date of acquisition. The Company's discontinued operations include its former North American Technology Group business, which was sold in December 2015 and has been winding down its operations since then. The sale of this business met the “strategic shift with major impact” criteria as defined under Accounting Standards Update ("ASU") 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity , therefore, the results of the former North American Technology business are included in discontinued operations in the accompanying consolidated financial statements. Related Party Transactions

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation — The accompanying consolidated financial statements include the accounts of Global Industrial Company, and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Fiscal Year — The Company’s fiscal year ends at midnight on the Saturday closest to December 31. For clarity of presentation herein, all fiscal years are referred to as if they ended on December 31. The fiscal year is divided into four fiscal quarters that each end at midnight on a Saturday. For clarity of presentation herein, all fiscal quarters are referred to as if they ended on the traditional calendar month. The full year of 2023, 2022 and 2021 included 52 weeks. Use of Estimates in Financial Statements — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company bases its estimates on historical experience, current business factors, and various other assumptions that the Company believes are necessary to consider to form a basis for making judgments about the carrying values of assets and liabilities, the recorded amounts of revenue and expenses, and the disclosure of contingent assets and liabilities. The Company is subject to uncertainties such as the impact of future events, economic and political factors, and changes in the Company’s business environment, therefore, actual results could differ from these estimates. Changes in estimates are made when circumstances warrant. Such changes in estimates and refinements in estimation methodologies are reflected in reported results of operations; if material, the effects of changes in estimates are disclosed in the notes to the consolidated financial statements. Significant estimates and assumptions by management affect the allowance for credit losses, product returns liabilities, inventory reserves, the provision for income taxes and related deferred tax accounts, certain accrued liabilities, revenue recognition, contingencies, goodwill and intangible assets, litigation and related legal accruals. Foreign Currency Translation — The Company has operations in foreign countries. The functional currency of each foreign country is the local currency. The financial statements of the Company’s foreign entities are translated into U.S. dollars, the reporting currency, using year-end exchange rates for assets and liabilities, year to date average exchange rates for the statement of operations items and historical rates for equity accounts. Translation gains or losses are recorded as a separate component of shareholders’ equity. Cash and cash equivalents — The Company considers amounts held in money market accounts and other short-term investments, including overnight bank deposits, with an original maturity date of three months or less to be cash. Cash overdrafts are classified in accounts payable. Inventories — Inventories consist primarily of finished goods and are stated at the lower of cost or net realizable value. Cost is determined by using the first-in, first-out method or the average cost method. The Company estimates the net realizable value of its inventory by considering factors such as inventory levels, historical write-off information, market conditions, estimated direct selling costs and physical condition of the inventory. Leases — The Company has operating and finance leases for office and warehouse facilities, headquarters, call centers, machinery and certain computer and communications equipment which provide the right to use the underlying assets in exchange for agreed upon lease payments, determined by the payment schedule contained in each lease. The Company determines if an arrangement is an operating or finance lease at the inception of the lease. The Company has elected not to apply recognition requirements to leases with terms of one year or less. All other leases are recorded on the balance sheet, with Operating lease Right-of-Use ("ROU") assets representing the right to use the underlying asset for the lease term and Operating lease liabilities representing the obligation to make lease payments arising from the lease. The ROU assets and corresponding liabilities are recorded based upon the net present value of the lease payments, discounted using interest rates determined by utilizing such factors as the Company's current credit facility terms, length of the lease term, the Company's expected debt credit rating and comparable company term loan yields. Certain leases may include options to extend the lease, however, the Company is not including any impact of such options in the valuation of its ROU assets or liabilities as they are not probable of being extended. The Company's lease agreements do not contain residual value guarantees or restrictive covenants. The Company has sublease agreements for unused space as well as excess space in facilities we are currently occupying. The Company’s lease portfolio consists primarily of operating leases which expire at various dates through 2032. Property, Plant and Equipment — Property, plant and equipment are stated at cost. Furniture, fixtures and equipment are depreciated using the straight-line or accelerated method over their estimated useful lives ranging from three years to fifteen years. Leasehold improvements are amortized over the shorter of the useful lives or the term of the respective leases. During 2023, the Company disposed of property, plant and equipment and accumulated depreciation of approximately $1.3 million. During 2022, the Company disposed of property, plant and equipment of approximately $3.0 million and accumulated depreciation of approximately $2.9 million. Maintenance and repairs are charged to expense as incurred, and improvements are capitalized. When assets are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in the consolidated statement of operations in the period realized. Evaluation of Long-lived Assets — Long-lived assets are assets used in the Company’s operations and include definite-lived intangible assets, operating lease right of use assets, property and equipment used to generate sales and cash flows. Long-lived assets are evaluated for impairment by reviewing operating results, cash flows, future operating forecasts and anticipated future cash flows. Impairment is assessed by evaluating the estimated undiscounted cash flows over the asset’s remaining life. If the undiscounted cash flows of an asset group is less than the carrying value of the asset group, the asset group is impaired and an impairment loss is recorded.. Goodwill and Indefinite Lived Intangible Assets — Goodwill represents the excess of the cost of acquired assets over the fair value of the assets acquired. Indefinite lived intangible assets are assets acquired in an acquisition that are non-amortizing. The Company operates in three reporting units and in the fourth quarter of each year, or more frequently if impairment indicators exist, the Company tests goodwill and indefinite-lived intangibles for impairment. The Company performs a qualitative assessment of current circumstances, such as a reporting units' operating results, cash flows, future operating forecasts and anticipated future cash flows to determine the existence of impairment indicators and to assess if it is more likely than not that the fair value of the reporting unit or an indefinite lived intangible asset is less than its carrying value. If it is determined that the fair value of the reporting unit or an indefinite lived intangible asset may be less than its carrying value, the Company will do a quantitative impairment test. In the quantitative test the carrying value of the reporting unit or an indefinite-lived intangible asset is calculated and compared with its fair value. Any excess of the carrying value over fair value is recorded as an impairment loss. Income Taxes — The Company accounts for income taxes using the liability method, under which deferred tax assets and liabilities are determined based on the future tax consequences attributable to differences between the financial reporting carrying amounts of existing assets and liabilities and their respective tax basis and tax credit carry forwards and net operating loss carryforwards. Deferred tax assets and liabilities are measured using the enacted tax rates that are expected to be in effect when the differences are expected to reverse. The Company assesses the likelihood that deferred tax assets will be recovered from future taxable income, and a valuation allowance is established when necessary to reduce deferred tax assets to the amounts more likely than not expected to be realized. In accordance with the guidance for accounting for uncertainty in income taxes the Company recognizes the tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefit of an uncertain tax position that meets the more-likely-than-not recognition threshold is measured as the largest amount that is greater than 50% likely to be realized upon settlement with the tax authority. To the extent we prevail in matters for which accruals have been established or are required to pay amounts in excess of accruals, our effective tax rate in a given financial statement period could be affected. Revenue Recognition and Accounts Receivable — The Company’s revenue is shown as “Net sales” in the accompanying Consolidated Statements of Operations and is measured as the determined transaction price, net of any variable consideration consisting primarily of rights to return product. The Company has elected to treat shipping and handling revenues as activities to fulfill its performance obligation. Billings for freight and shipping and handling are recorded in net sales and costs of freight and shipping and handling are recorded in cost of sales in the accompanying Consolidated Statements of Operations. The Company will record a contract liability in cases where customers pay in advance of the Company satisfying its performance obligation. The Company had approximately $3.3 million of contract obligations or liabilities as of December 31, 2023 and $0.0 million as of December 31, 2022. The increase in the contract liability balance in 2023 is related to the Indoff acquisition. The Company offers customers rights to return product within a certain time, usually 30 days. The Company estimates its sales returns liability quarterly based upon its historical return rates as a percentage of historical sales for the trailing twelve-month period. The total accrued sales returns liability was approximately $2.1 million at December 31, 2023 and $2.2 million at December 31, 2022, and was recorded as a refund liability in Accrued expenses and other current liabilities in the accompanying Consolidated Balance Sheets. Allowance for Credit Losses — The Company’s trade accounts receivable is one portfolio comprised of commercial businesses and public sector organizations operating in the U.S. and to a much lesser extent, Canada. The Company develops its allowances for credit losses, which represent an estimate of expected losses over the remaining contractual life of its receivables, considering customer financial condition, historical loss experience with its customers, current market economic conditions and forecasts of future economic conditions when appropriate. When the Company becomes aware of a customer's inability to meet its financial obligation, a specific reserve is recorded to reduce the receivable to the expected amount to be collected. For the balance of its trade receivables, the Company uses a loss rate method to estimate its credit loss reserve. Historical loss experience rates are calculated using receivable write offs over a trailing twelve-month period and comparing that to the average receivable balances over the same period. That rate is applied to the current accounts receivable portfolio, excluding accounts that have been specifically reserved. Any write offs incurred are recorded against the established reserves. The Company grants credit to commercial business customers using an electronic application process that evaluates the customer's detailed credit report, reference responses, availability under credit facilities, existing liens, tenure of management and business history, among other factors. Credit terms are typically net 30 days payment required with larger businesses eligible for up to net 90 day terms, if qualified. Shipping and Handling Costs — The Company recognizes shipping and handling costs in cost of sales. Advertising Costs — Expenditures for internet, television, local radio and newspaper advertising are expensed in the period the advertising takes place. Catalog preparation, printing and postage expenditures are amortized over the fiscal year during which the benefits are expected. Net advertising expenses were $79.8 million, $72.0 million and $65.3 million during 2023, 2022 and 2021, respectively, and are included in the accompanying consolidated statements of operations. The Company utilizes advertising programs to drive traffic to its websites, support vendors, including catalogs, internet and magazine advertising, support brand awareness through sports marketing and other upper funnel brand advertising programs, and receives payments and credits from vendors, including consideration pursuant to volume incentive programs and cooperative marketing programs. The Company accounts for consideration from vendors as a reduction of cost of sales unless certain conditions are met showing that the funds are used for specific, incremental, identifiable costs, in which case the consideration is accounted for as a reduction in the related expense category, such as advertising expense. Net Income Per Common Share — Net income per common share - basic is 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. Undistributed net income is allocated between common shares outstanding and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. Undistributed net losses are not allocated to our participating securities as these participating securities do not have a contractual obligation to share in losses. 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 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. Employee Benefit Plans — The Company’s U.S. subsidiaries participate in a defined contribution 401(k) plan covering substantially all U.S. employees. Employees may invest 1% or more of their eligible compensation, limited to maximum amounts as determined by the Internal Revenue Service. The Company provides a matching contribution to the plan, determined as a percentage of the employees’ contributions. Aggregate expense to the Company for contributions to the plan was approximately $1.9 million in 2023 and $1.5 million in 2022 and $1.4 million in 2021. Fair Value Measurements — Fair value accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value standards establish the fair value hierarchy to prioritize the inputs used in valuation techniques. There are three levels to the fair value hierarchy (Level 1 is the highest priority and Level 3 is the lowest priority): Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Level 3 - Unobservable inputs which are supported by little or no market activity Financial instruments consist primarily of investments in cash, trade accounts receivable, debt and accounts payable. The Company determines the fair value of financial instruments based on interest rates available to the Company. At December 31, 2023 and 2022, 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 carrying amount of outstanding debt is considered to be representative of its respective fair values due to its variable interest rate. Cash is classified as Level 1 within the fair value hierarchy. The fair value of goodwill, non-amortizing intangibles and long-lived assets is measured in connection with the Company’s annual impairment testing as discussed above. The weighted average interest rate on short-term borrowings was 7.6% in 2023, 4.4% in 2022 and 4.3% in 2021. Significant Concentrations — Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and accounts receivable. The Company’s excess cash balances are invested with money center banks. Concentrations of credit risk with respect to accounts receivable are limited due to the large number of customers and their geographic dispersion comprising the Company’s customer base. The Company also performs on-going credit evaluations and maintains allowances for potential losses as warranted. The Company purchases substantially all of its products and components directly from both large and small manufacturers as well as large wholesale distributors. No supplier accounted for 10% or more of our product purchases in 2023, 2022 and 2021. Most private brand products are manufactured by third parties to our specifications. Recent Accounting Pronouncements Public companies in the United States are subject to the accounting and reporting requirements of various authorities, including the Financial Accounting Standards Board (“FASB”) and the Securities and Exchange Commission (“SEC”). These authorities issue numerous pronouncements, most of which are not applicable to the Company’s current or reasonably foreseeable operating structure. In December 2023, the FASB issued Accounting Standard Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU requires public business entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. This ASU should be applied on a prospective basis, but retrospective application is permitted. The Company does not expect the adoption of this standard to have a material impact on the Company's financial position or results of operations.

CREDIT LOSSES

CREDIT LOSSES	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
CREDIT LOSSES	CREDIT LOSSES The following is a rollforward of the allowances for credit losses related to the Company's receivables for the year ended December 31, 2023 and 2022 (in millions): December 31, 2023 2022 Balance at beginning of period $ 2.3 $ 2.5 Current period provision 3.2 1.6 Write-offs - trade accounts receivable (2.6) (1.8) Balance at end of period $ 2.9 $ 2.3

ACQUISITION

ACQUISITION	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITION	ACQUISITION On May 19, 2023 the Company acquired 100% of the outstanding equity interests of Indoff, a business-to-business direct marketer of material handling products, commercial interiors and business products with operations in North America, for approximately $72.6 million in cash, $5.2 million of which was placed into an escrow account for two years to secure the sellers’ indemnification obligations under the purchase agreement. Under the terms of the escrow agreement the escrow amount will be reduced to $2.5 million on the one year anniversary of the closing date. This acquisition expands the Company's presence in the MRO market in North America. The acquisition was accounted for as a business combination using the acquisition method of accounting, which requires, among other things, the assets acquired and the liabilities assumed be recognized at their fair values as of the acquisition date. The fair value assigned to the identified intangible assets acquired were based on assumptions and estimates made by management. The total associated transaction costs of the acquisition were approximately $1.0 million and were recorded in selling, distribution and administrative expenses in the Condensed Consolidated Statement of Operations. The Company acquired in the transaction customer lists and trademark assets and will be amortizing them over a ten-year period which will result in approximately $3.0 million in annual amortization expense. The acquisition was an asset acquisition for tax purposes and as such, the customer lists, trademarks and goodwill resulting from this acquisition will be tax deductible over a fifteen-year period. The Indoff accounts are included in the accompanying consolidated financial statements from the date of acquisition. The Company prepared a preliminary purchase price fair value allocation of the assets acquired and liabilities assumed in the acquisition. The fair value allocation has not yet been finalized, principally related to the measurement of the acquired net working capital. Amounts below could change, potentially materially, as we finalize the valuations of the assets acquired and liabilities assumed. The following table details the preliminary fair values as of the acquisition date (in millions): Purchase price: $ 72.6 Less: Cash 0.3 Accounts receivable 23.0 Inventories 4.6 Prepaid expenses and other current assets 2.5 Property, plant and equipment 0.3 Operating lease right-of-use assets 0.8 Customer lists 24.1 Trademarks 6.2 Other assets 0.1 Total identifiable assets acquired $ 61.9 Accounts payable (12.9) Accrued expenses and other current liabilities (5.9) Deferred revenue (4.2) Operating lease liabilities (0.8) Total identifiable liabilities acquired $ (23.8) Net identifiable assets acquired 38.1 Goodwill $ 34.5 Total net assets acquired $ 72.6 The amount allocated to goodwill reflects the benefits the Company expects to realize from the growth of the acquisition's operations. For the year ended December 31, 2023, Indoff generated revenue and net income of approximately $116.5 million and $4.3 million, respectively. The Company’s unaudited pro forma revenue and net income for the years ended December 31, 2023 and 2022 below have been prepared as if the Indoff acquisition had occurred on January 1, 2022. The pro forma information reflects certain adjustments related to the acquisition. This information is provided for illustrative purposes and does not purport to be indicative of the actual results that would have been achieved by the Company for the periods presented (in millions): Year Ended December 31, 2023 2022 Net sales $ 1,338.0 $ 1,347.5 Net income from continuing operations $ 73.3 $ 86.2 Net income per common share, diluted, from continuing operations $ 1.92 $ 2.26 Nonrecurring charges directly related to the transaction of approximately $1.1 million, net of tax, have been eliminated from 2023 net income from continuing operations. Results for 2023 include approximately $1.9 million of amortization expense, related to the intangible assets acquired.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
LEASES	LEASES The Company has operating and finance leases for office and warehouse facilities, headquarters, call centers, machinery and certain computer and communications equipment which provide the right to use the underlying assets in exchange for agreed upon lease payments, determined by the payment schedule contained in each lease. The Company’s lease portfolio consists primarily of operating leases which expire at various dates through 2032. The Company's operating lease costs, included in continuing operations, was $17.0 million, $15.4 million and $13.9 million, for the years ended December 31, 2023, 2022 and 2021, respectively. Information relating to operating leases for continuing and discontinued operations as of December 31, 2023 and, 2022: Year Ended December 31, 2023 2022 Weighted Average Remaining Lease Term Operating leases 7.2 years 8.2 years Weighted Average Discount Rate Operating leases 5.4 % 5.4 % ROU assets obtained in exchange for operating and finance lease obligations $ 6.3 $ 34.5 Maturities of lease liabilities were as follows (in millions): Year Ending December 31 Operating Leases 2024 $ 19.0 2025 17.8 2026 15.7 2027 11.9 2028 12.0 Thereafter 41.2 Total lease payments 117.6 Less: interest (22.1) Total present value of lease liabilities $ 95.5 The Company currently leases its headquarters office facility from an entity owned by the Company’s principal shareholders. Total rent expense recorded to related parties was $1.0 million in 2023, 2022 and 2021.

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Disaggregation of Revenues The Company believes its presentation of revenue by geography most reasonably depicts how the nature, amount, timing and uncertainty of the Company's revenue and cash flows are affected by economic and industry factors, including fluctuations in exchange rates between the U.S. and Canada. The following table presents the Company's revenue, from continuing operations, by geography for the years ended December 31, 2023, 2022 and 2021 (in millions): Year Ended December 31, 2023 2022 2021 Net sales: United States $ 1,206.3 $ 1,094.3 $ 993.9 Canada 68.0 71.8 69.2 Consolidated $ 1,274.3 $ 1,166.1 $ 1,063.1

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLES	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLES	GOODWILL AND INTANGIBLES The following table provides information related to the carrying value of goodwill and intangible assets (indefinite-lived and definite-lived) (in millions): December 31, 2023 2022 Goodwill $ 40.0 $ 5.5 Definite-lived intangibles 28.6 0.4 Indefinite-lived intangibles 0.7 0.7 Balances, December 31 $ 69.3 $ 6.6 Indefinite-lived intangible assets : The following table provides information related to the carrying value of indefinite lived intangibles as of December 31, 2023 and 2022, respectively (in millions): December 31, 2023 2022 Domain names $ 0.7 $ 0.7 Definite-lived intangible assets: The following table summarizes information related to definite-lived intangible assets as of December 31, 2023 (in millions): December 31, 2023 Amortization Gross Carrying Accumulated Net Book Value Weighted avg Client lists 10 yrs $ 26.1 $ 3.3 $ 22.8 9.3 Trademarks 10 yrs 6.2 0.4 5.8 9.4 Total $ 32.3 $ 3.7 $ 28.6 9.3 The following table summarizes information related to definite-lived intangible assets as of December 31, 2022 (in millions): December 31, 2022 Amortization Gross Carrying Accumulated Net Book Value Weighted avg Client lists 10 yrs $ 2.0 $ 1.6 $ 0.4 2.1 Domain Name 5 yrs 3.4 3.4 0.0 0.0 Total $ 5.4 $ 5.0 $ 0.4 2.1 The aggregate amortization expense for these intangibles was approximately $2.1 million in 2023. The estimated amortization for future years ending December 31 is as follows (in millions): 2024 $ 3.2 2025 3.0 2026 3.0 2027 3.0 2028 3.0 Thereafter 13.4 Total $ 28.6

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS The Company's discontinued operations include the former North American Technology Group which was sold in December 2015 and has been winding down operations since then (see Note 1). For the year ended December 31, 2023, net loss from the discontinued North American Technology business was de minimis. Net income for the years ended December 31, 2022 and 2021 totaled $0.7 million and $33.2 million, respectively. In the fourth quarter of 2021, the Company recorded net income of approximately $22.7 million primarily related to the resolution of certain liabilities of its previously discontinued operations.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net consist of the following (in millions): December 31, 2023 2022 Land improvements $ 0.8 $ 0.8 Furniture and fixtures, office, computer and other equipment and software 43.0 42.4 Leasehold improvements 15.6 14.2 59.4 57.4 Less accumulated depreciation and amortization 39.4 36.4 Property, plant and equipment, net $ 20.0 $ 21.0

CREDIT FACILITIES AND SHORT-TER

CREDIT FACILITIES AND SHORT-TERM DEBT	12 Months Ended
	Dec. 31, 2023
Line of Credit Facility [Abstract]
CREDIT FACILITIES AND SHORT-TERM DEBT	CREDIT FACILITIES AND SHORT-TERM DEBT The Company maintains a $125.0 million secured revolving credit facility with one financial institution. This facility has a five-year term, maturing on October 19, 2026 and provides for borrowings in the United States. 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 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 borrowings under the agreement are subject to borrowing base limitations of up to 85% of eligible accounts receivable and the inventory advance rate computed as the lesser of 65% or 85% of the net orderly liquidation value (“NOLV”). Borrowings are secured by substantially all of the borrower’s assets, as defined, including all accounts, accounts receivable, inventory and certain other assets, subject to limited exceptions, including the exclusion of certain foreign assets from the collateral. The interest rate under the amended and restated facility is computed at applicable market rates based on the Secured Overnight Financing Rate ("SOFR"), the Federal Reserve Bank of New York (“NYFRB”) or the Prime Rate, plus an applicable margin. The applicable margin varies based on borrowing base availability. As of December 31, 2023, eligible collateral under the credit agreement was $105.4 million, total availability was $102.8 million, total outstanding letters of credit was $1.6 million, total excess availability was $101.2 million and there were no outstanding borrowings. The Company was in compliance with all of the covenants of the credit agreement in place as of December 31, 2023.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consist of the following (in millions): December 31, 2023 2022 Payroll and employee benefits $ 23.0 $ 22.5 Freight 7.3 7.7 Deferred revenue 3.5 0.0 Sales and GST taxes payable 3.9 2.9 Product returns liability 2.1 2.2 Other 9.3 7.9 Accrued expenses and other current liabilities $ 49.1 $ 43.2

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
NET INCOME PER COMMON SHARE	NET INCOME 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. Undistributed net income is allocated between common shares outstanding and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. Undistributed net losses are not allocated to our participating securities as these participating securities do not have a contractual obligation to share in losses. 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 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. The following table presents the computation of basic and diluted net income per share under the two-class method for the years ended December 31, 2023, 2022 and 2021 (in millions, except for per share amounts): Year Ended December 31, 2023 2022 2021 Net income from continuing operations $ 70.7 $ 78.1 $ 70.1 Less: Distributed net income available to participating securities (0.2) (0.1) (0.3) Less: Undistributed net income available to participating securities (0.2) (0.2) 0.0 Numerator for basic net income per share: Undistributed and distributed net income available to common shareholders $ 70.3 $ 77.8 $ 69.8 Add: Undistributed net income allocated to participating securities 0.2 0.2 0.0 Less: Undistributed net income reallocated to participating securities (0.2) (0.2) 0.0 Numerator for diluted net income per share: Undistributed and distributed net income available to common shareholders $ 70.3 $ 77.8 $ 69.8 Denominator: Weighted average shares outstanding for basic net income per share 38.1 38.0 37.8 Effect of dilutive securities 0.1 0.1 0.2 Weighted average shares outstanding for diluted net income per share 38.2 38.1 38.0 Net income per share from continuing operations: Basic $ 1.85 $ 2.05 $ 1.85 Diluted $ 1.84 $ 2.04 $ 1.84 Net income from discontinued operations $ 0.0 $ 0.7 $ 33.2 Less: Distributed net income available to participating securities $ 0.0 $ 0.0 $ 0.0 Less: Undistributed net income available to participating securities $ 0.0 $ 0.0 $ (0.2) Numerator for basic net income per share: Undistributed and distributed net income available to common shareholders $ 0.0 $ 0.7 $ 33.0 Add: Undistributed net income allocated to participating securities $ 0.0 $ 0.0 $ 0.2 Less: Undistributed net income reallocated to participating securities $ 0.0 $ 0.0 $ (0.2) Numerator for diluted net income per share: Undistributed and distributed net income available to common shareholders $ 0.0 $ 0.7 $ 33.0 Net income per share from discontinued operations: Basic $ 0.00 $ 0.02 $ 0.88 Diluted $ 0.00 $ 0.02 $ 0.87 Net income per share: Basic $ 1.85 $ 2.07 $ 2.73 Diluted $ 1.84 $ 2.06 $ 2.71 Potentially dilutive securities 0.2 0.1 0.1 Potentially dilutive securities attributable to outstanding stock options, restricted stock units, and performance share units excluded from the calculation of diluted earnings per share where the combined exercise price and average unamortized fair value are greater than the average market price of Global Industrial Company's common stock, and their inclusion would be anti-dilutive.

STOCK REPURCHASES

STOCK REPURCHASES	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
STOCK REPURCHASES	STOCK REPURCHASES In 2018, the Company's Board of Director's approved a share repurchase program with a repurchase authorization of up to two million shares of the Company's common stock. During 2023, 2022 and 2021, no shares were repurchased. In 2020, the Company repurchased 392,337 common shares for approximately $7.2 million. The maximum number of shares that may yet be purchased under the Plan was approximately 1,375,000 at December 31, 2023. Stock-Based Compensation Plans The Company currently has two equity compensation plans which reserve shares of common stock for issuance to key employees, directors, consultants and advisors to the Company. The following is a description of these plans: The 2010 Long-term Stock Incentive Plan (“2010 Plan”) - This plan was adopted in April 2010 and allows the Company to issue incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock and restricted stock units, performance awards and other stock based awards authorized by the Compensation Committee of the Board of Directors. Options and awards issued under this plan expire ten years after the options and awards are granted. The maximum number of shares granted per type of award to any individual may not exceed 1,500,000 in any calendar year. Restricted stock grants and common stock awards reduce stock options otherwise available for future grant. Awards for a maximum of 7,500,000 shares may be granted under this plan. The Company is no longer granting options or awards under this plan. A total of 313,863 options and 13,118 restricted stock units were outstanding under this plan as of December 31, 2023. The 2020 Omnibus Stock Incentive Plan (“2020 Omnibus Plan”) - This plan was adopted in June 2020 and allows the Company to issue incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards and other stock based awards authorized by the Compensation Committee of the Board of Directors. Options and awards issued under this plan expire ten years after the options and awards are granted. The maximum number of shares granted per type of award to any individual may not exceed 1,500,000 in any calendar year (or $10.0 million in the case of cash performance awards). Restricted stock grants and common stock awards reduce stock options otherwise available for future grant. Awards for a maximum of 7,500,000 shares may be granted under this plan. A total of 227,794 options and 219,735 restricted stock units were outstanding under this plan as of December 31, 2023. The fair value of employee share options is recognized in expense over the vesting period of the options, using the graded attribution method. The fair value of employee share options is determined on the date of grant using the Black-Scholes option pricing model. The Company has calculated its dividend yield by dividing the annualized regular quarterly dividend by the current stock price at grant date. The Company has used historical volatility in its estimate of expected volatility. The expected life represents the period of time (in years) for which the options granted are expected to be outstanding. The risk-free interest rate is based on the U.S. Treasury yield curve. Stock-based compensation expense includes an estimate for forfeitures and is recognized over the expected term of the award. The fair value of the restricted stock ("RSU") and performance restricted stock ("PRSU") is the closing stock price on the NYSE of the Company's common stock on the date of grant or the closing stock price of the Company's common stock on the last business day prior to the grant date. Upon delivery, a portion of the RSU or PRSU award may be withheld to satisfy the statutory withholding taxes. The remaining RSUs or PRSUs will be settled in shares of the Company's common stock after the vesting period and on the prescribed delivery date. These RSUs and PRSUs have none of the rights of outstanding shares of common stock, other than rights to cash dividends, until common stock is distributed. The PRSUs awarded in 2023 are entitled to cash dividends on the vested, not unvested, units. Shares issued under our share-based compensation plans are usually issued from shares of our common stock held in the treasury. Compensation cost related to non-qualified stock options recognized in continuing operations (selling, distribution and administrative expenses) for 2023, 2022 and 2021 was $0.9 million, $1.3 million, and $1.1 million respectively. The related future income tax benefits recognized for 2023 and 2022 was $0.2 million, respectively, and $0.3 million in 2021. Stock Options The following table presents the weighted-average assumptions used to estimate the fair value of options granted in 2023, 2022 and 2021: 2023 2022 2021 Expected annual dividend yield 2.5 % 2.0 % 1.4 % Risk-free interest rate 4.06 % 1.85 % 0.75 % Expected volatility 49.9 % 52.8 % 51.9 % Expected life in years 4.8 5.0 5.0 The following table summarizes information concerning outstanding and exercisable options: Weighted Average 2023 2022 2021 Shares Weighted Shares Weighted Shares Weighted Outstanding at beginning of year 509,212 $ 25.65 463,304 $ 24.28 661,024 $ 19.78 Granted 80,976 $ 28.99 79,025 $ 32.65 110,112 $ 38.02 Exercised (25,967) $ 20.25 (29,917) $ 22.87 (196,639) $ 15.37 Canceled or expired (22,564) $ 33.01 (3,200) $ 26.61 (111,193) $ 26.87 Outstanding at end of year 541,657 $ 26.10 509,212 $ 25.65 463,304 $ 24.28 Options exercisable at year end 333,796 297,889 223,158 Weighted average fair value per option granted during the year $ 11.30 $ 13.07 $ 18.50 The total intrinsic value of options exercised was $0.3 million in 2023 and 2022 and $4.5 million in 2021. The following table summarizes information about options vested and exercisable or non-vested that are expected to vest (non-vested outstanding less expected forfeitures) at December 31, 2023: Range of Exercise Prices Options Outstanding and Weighted Weighted Average Aggregate $ 5.00 to $ 15.00 41,500 $ 5.91 2.74 $ 1.4 $ 15.01 to $ 25.00 299,579 $ 23.55 5.25 4.6 $ 25.01 to $ 35.00 149,988 $ 30.86 8.60 1.2 $ 35.01 to $ 45.00 50,590 $ 43.64 7.24 0.0 $ 5.00 to $ 45.00 541,657 $ 26.10 6.17 $ 7.2 The aggregate intrinsic value in the tables above represents the total pretax intrinsic value (the difference between the closing stock price on the last day of trading in 2023 and the exercise price) that would have been received by the option holders had all options been exercised on December 31, 2023. This value will change based on the fair market value of the Company’s common stock. The following table reflects the activity for all unvested stock options during 2023: Shares Weighted Unvested at January 1, 2023 211,323 $ 12.84 Granted 80,976 $ 11.30 Vested (65,686) $ 12.79 Forfeited (18,752) $ 12.47 Unvested at December 31, 2023 207,861 $ 12.29 At December 31, 2023, there was approximately $0.9 million of unrecognized compensation costs related to unvested stock options, which is expected to be recognized over a weighted average period of 2.67 years. The total fair value of stock options vested during 2023, 2022 and 2021 was $0.9 million, $1.3 million and $1.2 million, respectively. Restricted Stock and Restricted Stock Units The following table reflects the activity for restricted stock awards, excluding the restricted stock issued to Directors (in millions, except shares data): Year Granted Shares Granted Outstanding at December 31, 2023 Rights to Cash Dividend Other Participation Rights Performance Award Compensation Expense Year Ended December 31, 2023 2022 2021 2019 30,251 6,050 Yes None No 0.0 0.1 0.1 2019 149,412 0 Yes None Yes 0.0 0.3 0.1 2020 28,272 7,068 Yes None No 0.1 0.1 0.2 2020 43,330 0 Yes None Yes (0.1) 0.1 0.1 2021 25,371 12,685 Yes None No 0.2 0.3 0.4 2021 32,874 7,836 Yes None Yes (0.1) 0.2 0.3 2022 60,808 36,267 Yes None No 0.5 0.8 0.0 2022 32,875 20,544 Yes None Yes 0.0 0.6 0.0 2023 81,127 78,592 Yes None No 0.9 0.0 0.0 2023 56,222 51,150 Yes None Yes 0.0 0.0 0.0 Total $ 1.5 $ 2.5 $ 1.2 Share-based compensation expense reported within continuing operations for restricted stock issued to Directors was $0.2 million in 2023, 2022 and 2021, respectively, and is recorded within selling, distribution and administrative expenses. A total of 8,164 shares were granted to Directors during 2023 and a total of 12,661 restricted stock units from the 2020 Omnibus Plan are outstanding to the Directors as of December 31, 2023. At December 31, 2023, there was approximately $4.1 million of unrecognized compensation cost related to the unvested RSU's, which is expected to be recognized over a weighted average period of 2.25 years. Total compensation expense related to RSU and performance RSU's reported within continuing operations was approximately $1.7 million, $2.7 million and $1.4 million for the years ended December 31, 2023, 2022 and 2021, respectively, and is recorded within selling, distribution and administrative expenses. The following table reflects the activity for all unvested restricted stock during 2023: Shares Weighted Unvested at January 1, 2023 149,225 $ 33.24 Granted 145,513 $ 27.50 Vested (38,971) $ 31.79 Forfeited (22,914) $ 29.87 Unvested at December 31, 2023 232,853 $ 30.22 Employee Stock Purchase Plan The 2018 Employee Stock Purchase Plan - This plan was approved by the Company's stockholders in December 2018 and a reserve of 500,000 shares of common stock has been established under this plan. The Company adopted this plan, the terms of which allow for eligible employees (as defined in the 2018 Employee Stock Purchase Plan) to participate in the purchase, during each six month purchase period, of up to a maximum of 10,000 shares of the Company's common stock at a purchase price equal to 85% of the closing price at either the start date or the end date of the stock purchase period, whichever is lower. Compensation expense recognized in selling, distribution and administrative expenses related to this plan totaled $0.4 million, $0.5 million and $0.4 million for the year ended December 31, 2023, 2023 and 2021, respectively. As of December 31, 2023, 238,890 shares remain reserved for issuance under this plan. Employees purchased 58,863 shares of common stock during fiscal year 2023 at an average price per share of $23.83. During fiscal year 2022, employees purchased 53,143 shares of common stock at an average price per share of $26.16 and during fiscal year 2021, employees purchased 55,248 shares of common stock at an average per share price of $20.09.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
SHAREHOLDERS' EQUITY	STOCK REPURCHASES In 2018, the Company's Board of Director's approved a share repurchase program with a repurchase authorization of up to two million shares of the Company's common stock. During 2023, 2022 and 2021, no shares were repurchased. In 2020, the Company repurchased 392,337 common shares for approximately $7.2 million. The maximum number of shares that may yet be purchased under the Plan was approximately 1,375,000 at December 31, 2023. Stock-Based Compensation Plans The Company currently has two equity compensation plans which reserve shares of common stock for issuance to key employees, directors, consultants and advisors to the Company. The following is a description of these plans: The 2010 Long-term Stock Incentive Plan (“2010 Plan”) - This plan was adopted in April 2010 and allows the Company to issue incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock and restricted stock units, performance awards and other stock based awards authorized by the Compensation Committee of the Board of Directors. Options and awards issued under this plan expire ten years after the options and awards are granted. The maximum number of shares granted per type of award to any individual may not exceed 1,500,000 in any calendar year. Restricted stock grants and common stock awards reduce stock options otherwise available for future grant. Awards for a maximum of 7,500,000 shares may be granted under this plan. The Company is no longer granting options or awards under this plan. A total of 313,863 options and 13,118 restricted stock units were outstanding under this plan as of December 31, 2023. The 2020 Omnibus Stock Incentive Plan (“2020 Omnibus Plan”) - This plan was adopted in June 2020 and allows the Company to issue incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards and other stock based awards authorized by the Compensation Committee of the Board of Directors. Options and awards issued under this plan expire ten years after the options and awards are granted. The maximum number of shares granted per type of award to any individual may not exceed 1,500,000 in any calendar year (or $10.0 million in the case of cash performance awards). Restricted stock grants and common stock awards reduce stock options otherwise available for future grant. Awards for a maximum of 7,500,000 shares may be granted under this plan. A total of 227,794 options and 219,735 restricted stock units were outstanding under this plan as of December 31, 2023. The fair value of employee share options is recognized in expense over the vesting period of the options, using the graded attribution method. The fair value of employee share options is determined on the date of grant using the Black-Scholes option pricing model. The Company has calculated its dividend yield by dividing the annualized regular quarterly dividend by the current stock price at grant date. The Company has used historical volatility in its estimate of expected volatility. The expected life represents the period of time (in years) for which the options granted are expected to be outstanding. The risk-free interest rate is based on the U.S. Treasury yield curve. Stock-based compensation expense includes an estimate for forfeitures and is recognized over the expected term of the award. The fair value of the restricted stock ("RSU") and performance restricted stock ("PRSU") is the closing stock price on the NYSE of the Company's common stock on the date of grant or the closing stock price of the Company's common stock on the last business day prior to the grant date. Upon delivery, a portion of the RSU or PRSU award may be withheld to satisfy the statutory withholding taxes. The remaining RSUs or PRSUs will be settled in shares of the Company's common stock after the vesting period and on the prescribed delivery date. These RSUs and PRSUs have none of the rights of outstanding shares of common stock, other than rights to cash dividends, until common stock is distributed. The PRSUs awarded in 2023 are entitled to cash dividends on the vested, not unvested, units. Shares issued under our share-based compensation plans are usually issued from shares of our common stock held in the treasury. Compensation cost related to non-qualified stock options recognized in continuing operations (selling, distribution and administrative expenses) for 2023, 2022 and 2021 was $0.9 million, $1.3 million, and $1.1 million respectively. The related future income tax benefits recognized for 2023 and 2022 was $0.2 million, respectively, and $0.3 million in 2021. Stock Options The following table presents the weighted-average assumptions used to estimate the fair value of options granted in 2023, 2022 and 2021: 2023 2022 2021 Expected annual dividend yield 2.5 % 2.0 % 1.4 % Risk-free interest rate 4.06 % 1.85 % 0.75 % Expected volatility 49.9 % 52.8 % 51.9 % Expected life in years 4.8 5.0 5.0 The following table summarizes information concerning outstanding and exercisable options: Weighted Average 2023 2022 2021 Shares Weighted Shares Weighted Shares Weighted Outstanding at beginning of year 509,212 $ 25.65 463,304 $ 24.28 661,024 $ 19.78 Granted 80,976 $ 28.99 79,025 $ 32.65 110,112 $ 38.02 Exercised (25,967) $ 20.25 (29,917) $ 22.87 (196,639) $ 15.37 Canceled or expired (22,564) $ 33.01 (3,200) $ 26.61 (111,193) $ 26.87 Outstanding at end of year 541,657 $ 26.10 509,212 $ 25.65 463,304 $ 24.28 Options exercisable at year end 333,796 297,889 223,158 Weighted average fair value per option granted during the year $ 11.30 $ 13.07 $ 18.50 The total intrinsic value of options exercised was $0.3 million in 2023 and 2022 and $4.5 million in 2021. The following table summarizes information about options vested and exercisable or non-vested that are expected to vest (non-vested outstanding less expected forfeitures) at December 31, 2023: Range of Exercise Prices Options Outstanding and Weighted Weighted Average Aggregate $ 5.00 to $ 15.00 41,500 $ 5.91 2.74 $ 1.4 $ 15.01 to $ 25.00 299,579 $ 23.55 5.25 4.6 $ 25.01 to $ 35.00 149,988 $ 30.86 8.60 1.2 $ 35.01 to $ 45.00 50,590 $ 43.64 7.24 0.0 $ 5.00 to $ 45.00 541,657 $ 26.10 6.17 $ 7.2 The aggregate intrinsic value in the tables above represents the total pretax intrinsic value (the difference between the closing stock price on the last day of trading in 2023 and the exercise price) that would have been received by the option holders had all options been exercised on December 31, 2023. This value will change based on the fair market value of the Company’s common stock. The following table reflects the activity for all unvested stock options during 2023: Shares Weighted Unvested at January 1, 2023 211,323 $ 12.84 Granted 80,976 $ 11.30 Vested (65,686) $ 12.79 Forfeited (18,752) $ 12.47 Unvested at December 31, 2023 207,861 $ 12.29 At December 31, 2023, there was approximately $0.9 million of unrecognized compensation costs related to unvested stock options, which is expected to be recognized over a weighted average period of 2.67 years. The total fair value of stock options vested during 2023, 2022 and 2021 was $0.9 million, $1.3 million and $1.2 million, respectively. Restricted Stock and Restricted Stock Units The following table reflects the activity for restricted stock awards, excluding the restricted stock issued to Directors (in millions, except shares data): Year Granted Shares Granted Outstanding at December 31, 2023 Rights to Cash Dividend Other Participation Rights Performance Award Compensation Expense Year Ended December 31, 2023 2022 2021 2019 30,251 6,050 Yes None No 0.0 0.1 0.1 2019 149,412 0 Yes None Yes 0.0 0.3 0.1 2020 28,272 7,068 Yes None No 0.1 0.1 0.2 2020 43,330 0 Yes None Yes (0.1) 0.1 0.1 2021 25,371 12,685 Yes None No 0.2 0.3 0.4 2021 32,874 7,836 Yes None Yes (0.1) 0.2 0.3 2022 60,808 36,267 Yes None No 0.5 0.8 0.0 2022 32,875 20,544 Yes None Yes 0.0 0.6 0.0 2023 81,127 78,592 Yes None No 0.9 0.0 0.0 2023 56,222 51,150 Yes None Yes 0.0 0.0 0.0 Total $ 1.5 $ 2.5 $ 1.2 Share-based compensation expense reported within continuing operations for restricted stock issued to Directors was $0.2 million in 2023, 2022 and 2021, respectively, and is recorded within selling, distribution and administrative expenses. A total of 8,164 shares were granted to Directors during 2023 and a total of 12,661 restricted stock units from the 2020 Omnibus Plan are outstanding to the Directors as of December 31, 2023. At December 31, 2023, there was approximately $4.1 million of unrecognized compensation cost related to the unvested RSU's, which is expected to be recognized over a weighted average period of 2.25 years. Total compensation expense related to RSU and performance RSU's reported within continuing operations was approximately $1.7 million, $2.7 million and $1.4 million for the years ended December 31, 2023, 2022 and 2021, respectively, and is recorded within selling, distribution and administrative expenses. The following table reflects the activity for all unvested restricted stock during 2023: Shares Weighted Unvested at January 1, 2023 149,225 $ 33.24 Granted 145,513 $ 27.50 Vested (38,971) $ 31.79 Forfeited (22,914) $ 29.87 Unvested at December 31, 2023 232,853 $ 30.22 Employee Stock Purchase Plan The 2018 Employee Stock Purchase Plan - This plan was approved by the Company's stockholders in December 2018 and a reserve of 500,000 shares of common stock has been established under this plan. The Company adopted this plan, the terms of which allow for eligible employees (as defined in the 2018 Employee Stock Purchase Plan) to participate in the purchase, during each six month purchase period, of up to a maximum of 10,000 shares of the Company's common stock at a purchase price equal to 85% of the closing price at either the start date or the end date of the stock purchase period, whichever is lower. Compensation expense recognized in selling, distribution and administrative expenses related to this plan totaled $0.4 million, $0.5 million and $0.4 million for the year ended December 31, 2023, 2023 and 2021, respectively. As of December 31, 2023, 238,890 shares remain reserved for issuance under this plan. Employees purchased 58,863 shares of common stock during fiscal year 2023 at an average price per share of $23.83. During fiscal year 2022, employees purchased 53,143 shares of common stock at an average price per share of $26.16 and during fiscal year 2021, employees purchased 55,248 shares of common stock at an average per share price of $20.09.

INCOME TAX

INCOME TAX	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAX	INCOME TAX The following table summarizes our U.S. and foreign components of income from continuing operations before income taxes (in millions): Year Ended December 31, 2023 2022 2021 United States $ 91.6 $ 104.0 $ 84.5 Foreign 3.6 (0.2) 3.1 Total $ 95.2 $ 103.8 $ 87.6 The following table summarizes the (benefit) provision for income taxes from continuing operations (in millions): Year Ended December 31, 2023 2022 2021 Current: Federal $ 18.1 $ 21.2 $ 16.8 State 4.2 4.3 3.8 Foreign 0.2 0.2 0.1 Total current $ 22.5 $ 25.7 $ 20.7 Deferred: Federal $ 0.9 $ 0.0 $ (0.6) State 0.2 0.1 (0.2) Foreign 0.9 (0.1) (2.4) Total deferred $ 2.0 $ 0.0 $ (3.2) Total tax provision $ 24.5 $ 25.7 $ 17.5 Tax expense from discontinued operations was $0.0 million, $0.2 million and $10.7 million for the years ended December 31, 2023, 2022 and 2021, respectively. Income taxes are accrued and paid by each foreign entity in accordance with applicable local regulations. A reconciliation of the difference between the income tax expense and the computed income tax expense from continuing operations based on the Federal statutory corporate rate is as follows (in millions): Year Ended December 31, 2023 2022 2021 Income tax at Federal statutory rate $ 20.0 21.0 % $ 21.8 21.0 % $ 18.4 21.0 % State and local income taxes, net of federal tax benefit 3.5 3.7 % 3.7 3.7 % 2.9 3.3 % Reversal of valuation allowances 0.0 0.0 % 0.0 0.0 % (3.4) (3.8) % Stock based compensation (0.1) (0.1) % 0.0 0.0 % (0.8) (0.9) % Non-deductible items 0.5 0.5 % 0.7 0.6 % 0.5 0.5 % Other items, net 0.6 0.6 % (0.5) (0.5) % (0.1) (0.1) % Income tax $ 24.5 25.7 % $ 25.7 24.8 % $ 17.5 20.0 % The deferred tax assets and liabilities are comprised of the following (in millions): December 31, 2023 2022 Assets: Accrued expenses and other liabilities $ 1.9 $ 1.6 Inventory 2.2 2.9 Operating lease obligations 23.6 25.3 Intangible & other 1.9 0.4 Net operating loss and credit carryforwards 6.3 8.1 Valuation allowances (5.2) (5.8) Total deferred tax assets $ 30.7 $ 32.5 Liabilities: Operating lease right-of-use assets $ 21.0 $ 22.6 Other 1.9 0.1 Total deferred tax liabilities $ 22.9 $ 22.7 The following table summarizes the changes in valuation allowance (in millions): Balance at Benefit Recognized in Expense Write-offs Other Balance at 2023 $ (5.8) $ 0.0 $ 0.5 $ 0.1 $ (5.2) 2022 $ (6.1) $ 0.0 $ 0.3 $ 0.0 $ (5.8) During 2023 the Company utilized approximately $4.1 million in foreign and state NOL carryforwards to reduce the current year tax expense. As of December 31, 2023, the Company has foreign NOLs of $5.2 million which expire through 2037 and foreign tax credit carryforwards of $0.4 million expiring in years through 2028. The Company has recorded valuation allowances of approximately $5.2 million, consisting of valuations against foreign NOLs of $4.8 million and $0.4 million against foreign tax carryforwards. Valuation allowances have been recorded against these assets as the Company believes it is more likely than not that these NOLs, temporary differences and foreign tax credits will not be utilized in the near future. The Company has not provided for federal income taxes applicable to the undistributed earnings of its foreign subsidiaries, primarily in India and Canada, of approximately $2.6 million as of December 31, 2023, since these earnings are considered permanently reinvested in the subsidiaries. If the Company ceases to be permanently reinvested in its foreign subsidiaries, the Company may be subject to foreign withholding and other taxes on undistributed earnings and may need to record a deferred tax liability for any outside basis difference in its investments in its foreign subsidiaries. Under the TCJA each U.S. shareholder of a controlled foreign corporation ("CFC") must include in its gross taxable income in any tax year the aggregate net GILTI, or net income, of its CFCs. In 2023 the Company has included in taxable income the net income of its subsidiaries in Canada and India. The Company has elected to treat GILTI expense as a period cost when incurred. The Company is routinely audited by federal, state and foreign tax authorities with respect to its income taxes. The Company regularly reviews and evaluates the likelihood of audit assessments. The Company’s federal income tax returns have been audited through 2016. The Company has not signed any consent to extend the statute of limitations for any subsequent years. The Company’s significant state tax returns have been audited through 2016. The Company considers its significant tax jurisdictions in foreign locations to be Canada and India. As of December 31, 2023, the Company had no uncertain tax positions. Interest and penalties, if any, are recorded in income tax expense. There were no accrued interest or penalty charges related to unrecognized tax benefits recorded in income tax expense in 2023, 2022 or 2021.

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND OTHER MATTERS	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES AND OTHER MATTERS	COMMITMENTS, CONTINGENCIES AND OTHER MATTERS The Company and its subsidiaries are from time to time involved in various lawsuits, claims, investigations and proceedings which may include commercial, employment, tax, customs and trade, customer, vendor, personal injury, creditors rights and health and safety law matters, which are handled and defended in the ordinary course of business. In addition, the Company is from time to time subjected to various assertions, claims, proceedings and requests for damages and/or indemnification concerning sales channel practices and intellectual property matters, including patent infringement suits involving technologies that are incorporated in a broad spectrum of products the Company sells or that are incorporated in the Company’s e-commerce sales channels, as well as trademark/copyright infringement claims. The Company is also audited by (or has initiated voluntary disclosure agreements with) various U.S. Federal and state authorities, as well as Canadian authorities, concerning potential income tax and/or sales tax. These matters are in various stages of investigation, negotiation and/or litigation. The Company intends to vigorously defend these matters and believes it has strong defenses. 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 position 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 regularly 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 December 31, 2023 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 December 31, 2023 any reasonably possible losses in excess of the amounts accrued would be material to the financial statements.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net income	$ 70.7	$ 78.8	$ 103.3

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation — The accompanying consolidated financial statements include the accounts of Global Industrial Company, and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.
Fiscal Year	Fiscal Year — The Company’s fiscal year ends at midnight on the Saturday closest to December 31. For clarity of presentation herein, all fiscal years are referred to as if they ended on December 31. The fiscal year is divided into four fiscal quarters that each end at midnight on a Saturday. For clarity of presentation herein, all fiscal quarters are referred to as if they ended on the traditional calendar month. The full year of 2023, 2022 and 2021 included 52 weeks.
Use of Estimates In Financial Statements	Use of Estimates in Financial Statements — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company bases its estimates on historical experience, current business factors, and various other assumptions that the Company believes are necessary to consider to form a basis for making judgments about the carrying values of assets and liabilities, the recorded amounts of revenue and expenses, and the disclosure of contingent assets and liabilities. The Company is subject to uncertainties such as the impact of future events, economic and political factors, and changes in the Company’s business environment, therefore, actual results could differ from these estimates. Changes in estimates are made when circumstances warrant. Such changes in estimates and refinements in estimation methodologies are reflected in reported results of operations; if material, the effects of changes in estimates are disclosed in the notes to the consolidated financial statements. Significant estimates and assumptions by management affect the allowance for credit losses, product returns liabilities, inventory reserves, the provision for income taxes and related deferred tax accounts, certain accrued liabilities, revenue recognition, contingencies, goodwill and intangible assets, litigation and related legal accruals.
Foreign Currency Translation	Foreign Currency Translation — The Company has operations in foreign countries. The functional currency of each foreign country is the local currency. The financial statements of the Company’s foreign entities are translated into U.S. dollars, the reporting currency, using year-end exchange rates for assets and liabilities, year to date average exchange rates for the statement of operations items and historical rates for equity accounts. Translation gains or losses are recorded as a separate component of shareholders’ equity.
Cash and cash equivalents	Cash and cash equivalents
Inventories	Inventories
Leases	Leases — The Company has operating and finance leases for office and warehouse facilities, headquarters, call centers, machinery and certain computer and communications equipment which provide the right to use the underlying assets in exchange for agreed upon lease payments, determined by the payment schedule contained in each lease. The Company determines if an arrangement is an operating or finance lease at the inception of the lease. The Company has elected not to apply recognition requirements to leases with terms of one year or less. All other leases are recorded on the balance sheet, with Operating lease Right-of-Use ("ROU") assets representing the right to use the underlying asset for the lease term and Operating lease liabilities representing the obligation to make lease payments arising from the lease. The ROU assets and corresponding liabilities are recorded based upon the net present value of the lease payments, discounted using interest rates determined by utilizing such factors as the Company's current credit facility terms, length of the lease term, the Company's expected debt credit rating and comparable company term loan yields. Certain leases may include options to extend the lease, however, the Company is not including any impact of such options in the valuation of its ROU assets or liabilities as they are not probable of being extended. The Company's lease agreements do not contain residual value guarantees or restrictive covenants. The Company has sublease agreements for unused space as well as excess space in facilities we are currently occupying.
Property, Plant and Equipment	Property, Plant and Equipment — Property, plant and equipment are stated at cost. Furniture, fixtures and equipment are depreciated using the straight-line or accelerated method over their estimated useful lives ranging from three years to fifteen years. Leasehold improvements are amortized over the shorter of the useful lives or the term of the respective leases. Maintenance and repairs are charged to expense as incurred, and improvements are capitalized. When assets are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in the consolidated statement of operations in the period realized.
Evaluation of Long-lived Assets	Evaluation of Long-lived Assets — Long-lived assets are assets used in the Company’s operations and include definite-lived intangible assets, operating lease right of use assets, property and equipment used to generate sales and cash flows. Long-lived assets are evaluated for impairment by reviewing operating results, cash flows, future operating forecasts and anticipated future cash flows. Impairment is assessed by evaluating the estimated undiscounted cash flows over the asset’s remaining life. If the undiscounted cash flows of an asset group is less than the carrying value of the asset group, the asset group is impaired and an impairment loss is recorded..
Goodwill and Indefinite Lived Intangible Assets	Goodwill and Indefinite Lived Intangible Assets — Goodwill represents the excess of the cost of acquired assets over the fair value of the assets acquired. Indefinite lived intangible assets are assets acquired in an acquisition that are non-amortizing. The Company operates in three reporting units and in the fourth quarter of each year, or more frequently if impairment indicators exist, the Company tests goodwill and indefinite-lived intangibles for impairment. The Company performs a qualitative assessment of current circumstances, such as a reporting units' operating results, cash flows, future operating forecasts and anticipated future cash flows to determine the existence of impairment indicators and to assess if it is more likely than not that the fair value of the reporting unit or an indefinite lived intangible asset is less than its carrying value. If it is determined that the fair value of the reporting unit or an indefinite lived intangible asset may be less than its carrying value, the Company will do a quantitative impairment test. In the quantitative test the carrying value of the reporting unit or an indefinite-lived intangible asset is calculated and compared with its fair value. Any excess of the carrying value over fair value is recorded as an impairment loss.
Income Taxes	Income Taxes — The Company accounts for income taxes using the liability method, under which deferred tax assets and liabilities are determined based on the future tax consequences attributable to differences between the financial reporting carrying amounts of existing assets and liabilities and their respective tax basis and tax credit carry forwards and net operating loss carryforwards. Deferred tax assets and liabilities are measured using the enacted tax rates that are expected to be in effect when the differences are expected to reverse. The Company assesses the likelihood that deferred tax assets will be recovered from future taxable income, and a valuation allowance is established when necessary to reduce deferred tax assets to the amounts more likely than not expected to be realized. In accordance with the guidance for accounting for uncertainty in income taxes the Company recognizes the tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefit of an uncertain tax position that meets the more-likely-than-not recognition threshold is measured as the largest amount that is greater than 50% likely to be realized upon settlement with the tax authority. To the extent we prevail in matters for which accruals have been established or are required to pay amounts in excess of accruals, our effective tax rate in a given financial statement period could be affected.
Revenue Recognition and Accounts Receivable	Revenue Recognition and Accounts Receivable — The Company’s revenue is shown as “Net sales” in the accompanying Consolidated Statements of Operations and is measured as the determined transaction price, net of any variable consideration consisting primarily of rights to return product. The Company has elected to treat shipping and handling revenues as activities to fulfill its performance obligation. Billings for freight and shipping and handling are recorded in net sales and costs of freight and shipping and handling are recorded in cost of sales in the accompanying Consolidated Statements of Operations. The Company will record a contract liability in cases where customers pay in advance of the Company satisfying its performance obligation. The Company had approximately $3.3 million of contract obligations or liabilities as of December 31, 2023 and $0.0 million as of December 31, 2022. The increase in the contract liability balance in 2023 is related to the Indoff acquisition. The Company offers customers rights to return product within a certain time, usually 30 days. The Company estimates its sales returns liability quarterly based upon its historical return rates as a percentage of historical sales for the trailing twelve-month period. The total accrued sales returns liability was approximately $2.1 million at December 31, 2023 and $2.2 million at December 31, 2022, and was recorded as a refund liability in Accrued expenses and other current liabilities in the accompanying Consolidated Balance Sheets.
Allowance for Credit Losses	Allowance for Credit Losses — The Company’s trade accounts receivable is one portfolio comprised of commercial businesses and public sector organizations operating in the U.S. and to a much lesser extent, Canada. The Company develops its allowances for credit losses, which represent an estimate of expected losses over the remaining contractual life of its receivables, considering customer financial condition, historical loss experience with its customers, current market economic conditions and forecasts of future economic conditions when appropriate. When the Company becomes aware of a customer's inability to meet its financial obligation, a specific reserve is recorded to reduce the receivable to the expected amount to be collected. For the balance of its trade receivables, the Company uses a loss rate method to estimate its credit loss reserve. Historical loss experience rates are calculated using receivable write offs over a trailing twelve-month period and comparing that to the average receivable balances over the same period. That rate is applied to the current accounts receivable portfolio, excluding accounts that have been specifically reserved. Any write offs incurred are recorded against the established reserves. The Company grants credit to commercial business customers using an electronic application process that evaluates the customer's detailed credit report, reference responses, availability under credit facilities, existing liens, tenure of management and business history, among other factors. Credit terms are typically net 30 days payment required with larger businesses eligible for up to net 90 day terms, if qualified.
Shipping and Handling Costs	Shipping and Handling Costs — The Company recognizes shipping and handling costs in cost of sales.
Advertising Costs	Advertising Costs — Expenditures for internet, television, local radio and newspaper advertising are expensed in the period the advertising takes place. Catalog preparation, printing and postage expenditures are amortized over the fiscal year during which the benefits are expected.
Net Income Per Common Share	Net Income Per Common Share — Net income per common share - basic is 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. Undistributed net income is allocated between common shares outstanding and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. Undistributed net losses are not allocated to our participating securities as these participating securities do not have a contractual obligation to share in losses. 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 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.
Employee Benefit Plans	Employee Benefit Plans
Fair Value Measurements	Fair Value Measurements — Fair value accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value standards establish the fair value hierarchy to prioritize the inputs used in valuation techniques. There are three levels to the fair value hierarchy (Level 1 is the highest priority and Level 3 is the lowest priority): Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Level 3 - Unobservable inputs which are supported by little or no market activity Financial instruments consist primarily of investments in cash, trade accounts receivable, debt and accounts payable. The Company determines the fair value of financial instruments based on interest rates available to the Company. At December 31, 2023 and 2022, 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 carrying amount of outstanding debt is considered to be representative of its respective fair values due to its variable interest rate. Cash is classified as Level 1 within the fair value hierarchy. The fair value of goodwill, non-amortizing intangibles and long-lived assets is measured in connection with the Company’s annual impairment testing as discussed above.
Significant Concentrations	Significant Concentrations — Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and accounts receivable. The Company’s excess cash balances are invested with money center banks. Concentrations of credit risk with respect to accounts receivable are limited due to the large number of customers and their geographic dispersion comprising the Company’s customer base. The Company also performs on-going credit evaluations and maintains allowances for potential losses as warranted.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Public companies in the United States are subject to the accounting and reporting requirements of various authorities, including the Financial Accounting Standards Board (“FASB”) and the Securities and Exchange Commission (“SEC”). These authorities issue numerous pronouncements, most of which are not applicable to the Company’s current or reasonably foreseeable operating structure. In December 2023, the FASB issued Accounting Standard Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU requires public business entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. This ASU should be applied on a prospective basis, but retrospective application is permitted. The Company does not expect the adoption of this standard to have a material impact on the Company's financial position or results of operations.

CREDIT LOSSES (Tables)

CREDIT LOSSES (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Schedule of Allowance For Credit Losses On Trade Accounts Receivable	The following is a rollforward of the allowances for credit losses related to the Company's receivables for the year ended December 31, 2023 and 2022 (in millions): December 31, 2023 2022 Balance at beginning of period $ 2.3 $ 2.5 Current period provision 3.2 1.6 Write-offs - trade accounts receivable (2.6) (1.8) Balance at end of period $ 2.9 $ 2.3

ACQUISITION (Tables)

ACQUISITION (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Preliminary Acquisition Fair Value	The following table details the preliminary fair values as of the acquisition date (in millions): Purchase price: $ 72.6 Less: Cash 0.3 Accounts receivable 23.0 Inventories 4.6 Prepaid expenses and other current assets 2.5 Property, plant and equipment 0.3 Operating lease right-of-use assets 0.8 Customer lists 24.1 Trademarks 6.2 Other assets 0.1 Total identifiable assets acquired $ 61.9 Accounts payable (12.9) Accrued expenses and other current liabilities (5.9) Deferred revenue (4.2) Operating lease liabilities (0.8) Total identifiable liabilities acquired $ (23.8) Net identifiable assets acquired 38.1 Goodwill $ 34.5 Total net assets acquired $ 72.6
Schedule of Pro Forma Acquisition Information	The Company’s unaudited pro forma revenue and net income for the years ended December 31, 2023 and 2022 below have been prepared as if the Indoff acquisition had occurred on January 1, 2022. The pro forma information reflects certain adjustments related to the acquisition. This information is provided for illustrative purposes and does not purport to be indicative of the actual results that would have been achieved by the Company for the periods presented (in millions): Year Ended December 31, 2023 2022 Net sales $ 1,338.0 $ 1,347.5 Net income from continuing operations $ 73.3 $ 86.2 Net income per common share, diluted, from continuing operations $ 1.92 $ 2.26

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Summary of ROU Remaining Lease Term and Discount Rate	Information relating to operating leases for continuing and discontinued operations as of December 31, 2023 and, 2022: Year Ended December 31, 2023 2022 Weighted Average Remaining Lease Term Operating leases 7.2 years 8.2 years Weighted Average Discount Rate Operating leases 5.4 % 5.4 % ROU assets obtained in exchange for operating and finance lease obligations $ 6.3 $ 34.5
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities were as follows (in millions): Year Ending December 31 Operating Leases 2024 $ 19.0 2025 17.8 2026 15.7 2027 11.9 2028 12.0 Thereafter 41.2 Total lease payments 117.6 Less: interest (22.1) Total present value of lease liabilities $ 95.5

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company's revenue, from continuing operations, by geography for the years ended December 31, 2023, 2022 and 2021 (in millions): Year Ended December 31, 2023 2022 2021 Net sales: United States $ 1,206.3 $ 1,094.3 $ 993.9 Canada 68.0 71.8 69.2 Consolidated $ 1,274.3 $ 1,166.1 $ 1,063.1

GOODWILL AND INTANGIBLES (Table

GOODWILL AND INTANGIBLES (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets, Goodwill and Other Assets	The following table provides information related to the carrying value of goodwill and intangible assets (indefinite-lived and definite-lived) (in millions): December 31, 2023 2022 Goodwill $ 40.0 $ 5.5 Definite-lived intangibles 28.6 0.4 Indefinite-lived intangibles 0.7 0.7 Balances, December 31 $ 69.3 $ 6.6
Schedule of Indefinite-Lived Intangible Assets	The following table provides information related to the carrying value of indefinite lived intangibles as of December 31, 2023 and 2022, respectively (in millions): December 31, 2023 2022 Domain names $ 0.7 $ 0.7
Schedule of Definite-Lived Intangible Assets	The following table summarizes information related to definite-lived intangible assets as of December 31, 2023 (in millions): December 31, 2023 Amortization Gross Carrying Accumulated Net Book Value Weighted avg Client lists 10 yrs $ 26.1 $ 3.3 $ 22.8 9.3 Trademarks 10 yrs 6.2 0.4 5.8 9.4 Total $ 32.3 $ 3.7 $ 28.6 9.3 The following table summarizes information related to definite-lived intangible assets as of December 31, 2022 (in millions): December 31, 2022 Amortization Gross Carrying Accumulated Net Book Value Weighted avg Client lists 10 yrs $ 2.0 $ 1.6 $ 0.4 2.1 Domain Name 5 yrs 3.4 3.4 0.0 0.0 Total $ 5.4 $ 5.0 $ 0.4 2.1
Schedule of Aggregate Amortization Expense for Intangibles	The aggregate amortization expense for these intangibles was approximately $2.1 million in 2023. The estimated amortization for future years ending December 31 is as follows (in millions): 2024 $ 3.2 2025 3.0 2026 3.0 2027 3.0 2028 3.0 Thereafter 13.4 Total $ 28.6

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment, Net	Property, plant and equipment, net consist of the following (in millions): December 31, 2023 2022 Land improvements $ 0.8 $ 0.8 Furniture and fixtures, office, computer and other equipment and software 43.0 42.4 Leasehold improvements 15.6 14.2 59.4 57.4 Less accumulated depreciation and amortization 39.4 36.4 Property, plant and equipment, net $ 20.0 $ 21.0

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consist of the following (in millions): December 31, 2023 2022 Payroll and employee benefits $ 23.0 $ 22.5 Freight 7.3 7.7 Deferred revenue 3.5 0.0 Sales and GST taxes payable 3.9 2.9 Product returns liability 2.1 2.2 Other 9.3 7.9 Accrued expenses and other current liabilities $ 49.1 $ 43.2

NET INCOME PER COMMON SHARE (Ta

NET INCOME PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the computation of basic and diluted net income per share under the two-class method for the years ended December 31, 2023, 2022 and 2021 (in millions, except for per share amounts): Year Ended December 31, 2023 2022 2021 Net income from continuing operations $ 70.7 $ 78.1 $ 70.1 Less: Distributed net income available to participating securities (0.2) (0.1) (0.3) Less: Undistributed net income available to participating securities (0.2) (0.2) 0.0 Numerator for basic net income per share: Undistributed and distributed net income available to common shareholders $ 70.3 $ 77.8 $ 69.8 Add: Undistributed net income allocated to participating securities 0.2 0.2 0.0 Less: Undistributed net income reallocated to participating securities (0.2) (0.2) 0.0 Numerator for diluted net income per share: Undistributed and distributed net income available to common shareholders $ 70.3 $ 77.8 $ 69.8 Denominator: Weighted average shares outstanding for basic net income per share 38.1 38.0 37.8 Effect of dilutive securities 0.1 0.1 0.2 Weighted average shares outstanding for diluted net income per share 38.2 38.1 38.0 Net income per share from continuing operations: Basic $ 1.85 $ 2.05 $ 1.85 Diluted $ 1.84 $ 2.04 $ 1.84 Net income from discontinued operations $ 0.0 $ 0.7 $ 33.2 Less: Distributed net income available to participating securities $ 0.0 $ 0.0 $ 0.0 Less: Undistributed net income available to participating securities $ 0.0 $ 0.0 $ (0.2) Numerator for basic net income per share: Undistributed and distributed net income available to common shareholders $ 0.0 $ 0.7 $ 33.0 Add: Undistributed net income allocated to participating securities $ 0.0 $ 0.0 $ 0.2 Less: Undistributed net income reallocated to participating securities $ 0.0 $ 0.0 $ (0.2) Numerator for diluted net income per share: Undistributed and distributed net income available to common shareholders $ 0.0 $ 0.7 $ 33.0 Net income per share from discontinued operations: Basic $ 0.00 $ 0.02 $ 0.88 Diluted $ 0.00 $ 0.02 $ 0.87 Net income per share: Basic $ 1.85 $ 2.07 $ 2.73 Diluted $ 1.84 $ 2.06 $ 2.71 Potentially dilutive securities 0.2 0.1 0.1

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Weighted-Average Assumptions Used To Estimate the Fair Value of Options Granted	The following table presents the weighted-average assumptions used to estimate the fair value of options granted in 2023, 2022 and 2021: 2023 2022 2021 Expected annual dividend yield 2.5 % 2.0 % 1.4 % Risk-free interest rate 4.06 % 1.85 % 0.75 % Expected volatility 49.9 % 52.8 % 51.9 % Expected life in years 4.8 5.0 5.0
Schedule of Outstanding and Exercisable Options	The following table summarizes information concerning outstanding and exercisable options: Weighted Average 2023 2022 2021 Shares Weighted Shares Weighted Shares Weighted Outstanding at beginning of year 509,212 $ 25.65 463,304 $ 24.28 661,024 $ 19.78 Granted 80,976 $ 28.99 79,025 $ 32.65 110,112 $ 38.02 Exercised (25,967) $ 20.25 (29,917) $ 22.87 (196,639) $ 15.37 Canceled or expired (22,564) $ 33.01 (3,200) $ 26.61 (111,193) $ 26.87 Outstanding at end of year 541,657 $ 26.10 509,212 $ 25.65 463,304 $ 24.28 Options exercisable at year end 333,796 297,889 223,158 Weighted average fair value per option granted during the year $ 11.30 $ 13.07 $ 18.50
Schedule of Options Vested and Exercisable or Nonvested, Expected to Vest (Nonvested Outstanding Less Expected Forfeitures)	The following table summarizes information about options vested and exercisable or non-vested that are expected to vest (non-vested outstanding less expected forfeitures) at December 31, 2023: Range of Exercise Prices Options Outstanding and Weighted Weighted Average Aggregate $ 5.00 to $ 15.00 41,500 $ 5.91 2.74 $ 1.4 $ 15.01 to $ 25.00 299,579 $ 23.55 5.25 4.6 $ 25.01 to $ 35.00 149,988 $ 30.86 8.60 1.2 $ 35.01 to $ 45.00 50,590 $ 43.64 7.24 0.0 $ 5.00 to $ 45.00 541,657 $ 26.10 6.17 $ 7.2
Schedule of Unvested Stock Options	The following table reflects the activity for all unvested stock options during 2023: Shares Weighted Unvested at January 1, 2023 211,323 $ 12.84 Granted 80,976 $ 11.30 Vested (65,686) $ 12.79 Forfeited (18,752) $ 12.47 Unvested at December 31, 2023 207,861 $ 12.29
Schedule of Restricted Stock Award Activity	The following table reflects the activity for restricted stock awards, excluding the restricted stock issued to Directors (in millions, except shares data): Year Granted Shares Granted Outstanding at December 31, 2023 Rights to Cash Dividend Other Participation Rights Performance Award Compensation Expense Year Ended December 31, 2023 2022 2021 2019 30,251 6,050 Yes None No 0.0 0.1 0.1 2019 149,412 0 Yes None Yes 0.0 0.3 0.1 2020 28,272 7,068 Yes None No 0.1 0.1 0.2 2020 43,330 0 Yes None Yes (0.1) 0.1 0.1 2021 25,371 12,685 Yes None No 0.2 0.3 0.4 2021 32,874 7,836 Yes None Yes (0.1) 0.2 0.3 2022 60,808 36,267 Yes None No 0.5 0.8 0.0 2022 32,875 20,544 Yes None Yes 0.0 0.6 0.0 2023 81,127 78,592 Yes None No 0.9 0.0 0.0 2023 56,222 51,150 Yes None Yes 0.0 0.0 0.0 Total $ 1.5 $ 2.5 $ 1.2
Schedule of Nonvested Restricted Stock Shares Activity	The following table reflects the activity for all unvested restricted stock during 2023: Shares Weighted Unvested at January 1, 2023 149,225 $ 33.24 Granted 145,513 $ 27.50 Vested (38,971) $ 31.79 Forfeited (22,914) $ 29.87 Unvested at December 31, 2023 232,853 $ 30.22

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income (Loss) before Income Taxes	The following table summarizes our U.S. and foreign components of income from continuing operations before income taxes (in millions): Year Ended December 31, 2023 2022 2021 United States $ 91.6 $ 104.0 $ 84.5 Foreign 3.6 (0.2) 3.1 Total $ 95.2 $ 103.8 $ 87.6
Schedule of (Benefit) Provision for Income Taxes	The following table summarizes the (benefit) provision for income taxes from continuing operations (in millions): Year Ended December 31, 2023 2022 2021 Current: Federal $ 18.1 $ 21.2 $ 16.8 State 4.2 4.3 3.8 Foreign 0.2 0.2 0.1 Total current $ 22.5 $ 25.7 $ 20.7 Deferred: Federal $ 0.9 $ 0.0 $ (0.6) State 0.2 0.1 (0.2) Foreign 0.9 (0.1) (2.4) Total deferred $ 2.0 $ 0.0 $ (3.2) Total tax provision $ 24.5 $ 25.7 $ 17.5
Schedule of Reconciliation of Difference between Income Tax Expense and Computed Income Tax Expense Based on Federal Statutory Corporate Rate	A reconciliation of the difference between the income tax expense and the computed income tax expense from continuing operations based on the Federal statutory corporate rate is as follows (in millions): Year Ended December 31, 2023 2022 2021 Income tax at Federal statutory rate $ 20.0 21.0 % $ 21.8 21.0 % $ 18.4 21.0 % State and local income taxes, net of federal tax benefit 3.5 3.7 % 3.7 3.7 % 2.9 3.3 % Reversal of valuation allowances 0.0 0.0 % 0.0 0.0 % (3.4) (3.8) % Stock based compensation (0.1) (0.1) % 0.0 0.0 % (0.8) (0.9) % Non-deductible items 0.5 0.5 % 0.7 0.6 % 0.5 0.5 % Other items, net 0.6 0.6 % (0.5) (0.5) % (0.1) (0.1) % Income tax $ 24.5 25.7 % $ 25.7 24.8 % $ 17.5 20.0 %
Schedule of Deferred Tax Assets and Liabilities	The deferred tax assets and liabilities are comprised of the following (in millions): December 31, 2023 2022 Assets: Accrued expenses and other liabilities $ 1.9 $ 1.6 Inventory 2.2 2.9 Operating lease obligations 23.6 25.3 Intangible & other 1.9 0.4 Net operating loss and credit carryforwards 6.3 8.1 Valuation allowances (5.2) (5.8) Total deferred tax assets $ 30.7 $ 32.5 Liabilities: Operating lease right-of-use assets $ 21.0 $ 22.6 Other 1.9 0.1 Total deferred tax liabilities $ 22.9 $ 22.7
Schedule of Valuation Allowance	The following table summarizes the changes in valuation allowance (in millions): Balance at Benefit Recognized in Expense Write-offs Other Balance at 2023 $ (5.8) $ 0.0 $ 0.5 $ 0.1 $ (5.2) 2022 $ (6.1) $ 0.0 $ 0.3 $ 0.0 $ (5.8)

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) $ in Millions		12 Months Ended
	May 19, 2023 USD ($)	Dec. 31, 2023 USD ($) segment	Dec. 31, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of reportable segments | segment		1
Related party | Legal Firm of Immediate Family
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Professional fees		$ 0	$ 3.1
Indoff LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of voting interests acquired (as a percent)	100%
Payments made in cash	$ 72.6
Escrow deposit	$ 5.2
Imdemnification obligation period	2 years
Reduction in escrow deposits	$ 2.5

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) reportingUnit supplier	Dec. 31, 2022 USD ($) supplier	Dec. 31, 2021 USD ($) supplier
Property, Plant and Equipment [Line Items]
Accumulated depreciation on disposals	$ 1.3	$ 2.9
Disposals of property plant and equipment	$ 1.3	3
Number of reporting units | reportingUnit	3
Revenues [Abstract]
Performance obligation	$ 3.3	0
Accrued sales returns	2.1	2.2
Advertising Costs
Advertising expense	$ 79.8	72	$ 65.3
Employee Benefit Plans
Minimum annual contribution per employee	1%
Aggregate expense in contribution plans	$ 1.9	$ 1.5	$ 1.4
Fair Value Measurements
Weighted average interest rate on short-term borrowings	7.60%	4.40%	4.30%
Significant Concentrations
Number of suppliers | supplier	0	0	0
Minimum | Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Maximum | Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	15 years

CREDIT LOSSES (Details)

CREDIT LOSSES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 2.3	$ 2.5
Current period provision	3.2	1.6
Write-offs - trade accounts receivable	(2.6)	(1.8)
Balance at end of period	$ 2.9	$ 2.3

ACQUISITION - Narrative (Detail

ACQUISITION - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	May 19, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Amortization expense		$ 2.1
Indoff LLC
Business Acquisition [Line Items]
Percentage of voting interests acquired (as a percent)	100%
Payments made in cash	$ 72.6
Escrow deposit	$ 5.2
Imdemnification obligation period	2 years
Reduction in escrow deposits	$ 2.5
Transaction costs	$ 1
Amortization Period (Years)	10 years
Amortization expense	$ 3	1.9
Tax deductible period	15 years
Revenue of acquiree since acquisition date		116.5
Net income of acquiree since acquisition date		4.3
Nonrecurring charges		$ 1.1

ACQUISITION - Schedule of Busin

ACQUISITION - Schedule of Business Acquisition (Details) - USD ($) $ in Millions	May 19, 2023	Dec. 31, 2023	Dec. 31, 2022
Liabilities
Goodwill		$ 40	$ 5.5
Indoff LLC
Business Acquisition [Line Items]
Purchase price	$ 72.6
Less:
Cash	0.3
Accounts receivable	23
Inventories	4.6
Prepaid expenses and other current assets	2.5
Property, plant and equipment	0.3
Operating lease right-of-use assets	0.8
Other assets	0.1
Total identifiable assets acquired	61.9
Liabilities
Accounts payable	(12.9)
Accrued expenses and other current liabilities	(5.9)
Deferred revenue	(4.2)
Operating lease liabilities	(0.8)
Total identifiable liabilities acquired	(23.8)
Net identifiable assets acquired	38.1
Goodwill	34.5
Total net assets acquired	72.6
Indoff LLC | Customer lists
Less:
Intangibles assets	24.1
Indoff LLC | Trademarks
Less:
Intangibles assets	$ 6.2

ACQUISITION - Schedule of Pro F

ACQUISITION - Schedule of Pro Forma Information (Details) - Indoff LLC - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Net sales	$ 1,338	$ 1,347.5
Net income from continuing operations	$ 73.3	$ 86.2
Net income per common share, diluted, from continuing operations	$ 1.92	$ 2.26

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 17	$ 15.4	$ 13.9
Sublease income	4.1	2.7	1.3
Sublease agreements less then one year	4.9
Sublease agreements between one and three years	8.6
Sublease agreements between three and five years	1.7
Related party
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 1	$ 1	$ 1

LEASES - Lease Expense (Details

LEASES - Lease Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating leases, weighted average remaining lease term (years)	7 years 2 months 12 days	8 years 2 months 12 days
Operating leases, weighted average discount rate (percent)	5.40%	5.40%
ROU assets obtained in exchange for operating and finance lease obligations	$ 6.3	$ 34.5	$ 2.6

LEASES - Maturities of Lease Li

LEASES - Maturities of Lease Liabilities (Details) $ in Millions	Dec. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 19
2025	17.8
2026	15.7
2027	11.9
2028	12
Thereafter	41.2
Total lease payments	117.6
Less: interest	(22.1)
Total present value of lease liabilities	$ 95.5

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 1,274.3	$ 1,166.1	$ 1,063.1
Reportable geographical components | United States
Disaggregation of Revenue [Line Items]
Net sales	1,206.3	1,094.3	993.9
Reportable geographical components | Canada
Disaggregation of Revenue [Line Items]
Net sales	$ 68	$ 71.8	$ 69.2

GOODWILL AND INTANGIBLES - Good

GOODWILL AND INTANGIBLES - Goodwill, Intangibles (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 40	$ 5.5
Definite-lived intangibles	28.6	0.4
Indefinite-lived intangibles	0.7	0.7
Goodwill and intangibles	$ 69.3	$ 6.6

GOODWILL AND INTANGIBLES - Inde

GOODWILL AND INTANGIBLES - Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangibles	$ 0.7	$ 0.7
Domain names
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangibles	$ 0.7	$ 0.7

GOODWILL AND INTANGIBLES - Defi

GOODWILL AND INTANGIBLES - Definite-Lived Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 32.3	$ 5.4
Accumulated Amortization	3.7	5
Net Book Value	$ 28.6	$ 0.4
Weighted avg useful life	9 years 3 months 18 days	2 years 1 month 6 days
Client lists
Finite-Lived Intangible Assets [Line Items]
Amortization Period (Years)	10 years	10 years
Gross Carrying Amount	$ 26.1	$ 2
Accumulated Amortization	3.3	1.6
Net Book Value	$ 22.8	$ 0.4
Weighted avg useful life	9 years 3 months 18 days	2 years 1 month 6 days
Trademarks
Finite-Lived Intangible Assets [Line Items]
Amortization Period (Years)	10 years
Gross Carrying Amount	$ 6.2
Accumulated Amortization	0.4
Net Book Value	$ 5.8
Weighted avg useful life	9 years 4 months 24 days
Domain names
Finite-Lived Intangible Assets [Line Items]
Amortization Period (Years)		5 years
Gross Carrying Amount		$ 3.4
Accumulated Amortization		3.4
Net Book Value		$ 0
Weighted avg useful life		0 years

GOODWILL AND INTANGIBLES - Sche

GOODWILL AND INTANGIBLES - Schedule of Amortization Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 2.1
2024	3.2
2025	3
2026	3
2027	3
2028	3
Thereafter	13.4
Net Book Value	$ 28.6	$ 0.4

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax		$ 0	$ 0.7	$ 33.2
Discontinued operations | NATG
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax	$ 22.7	0	$ 0.7	$ 33.2
Additional exit costs, expected future charges		$ 0.5

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant, and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 59.4	$ 57.4
Less accumulated depreciation and amortization	39.4	36.4
Property, plant and equipment, net	20	21
Land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	0.8	0.8
Furniture and fixtures, office, computer and other equipment and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	43	42.4
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 15.6	$ 14.2

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 4.3	$ 3.7	$ 3.5
Disposals of property plant and equipment	1.3	3
Accumulated depreciation on disposals	$ 1.3	$ 2.9

CREDIT FACILITIES AND SHORT-T_2

CREDIT FACILITIES AND SHORT-TERM DEBT (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) financialInstitution	Nov. 30, 2022 USD ($)
Line of Credit Facility [Line Items]
Cash collateralizing letters of credit outstanding	$ 1,600,000
Revolving credit facility
Line of Credit Facility [Line Items]
Existing current borrowing capacity	$ 102,800,000	$ 125,000,000
Number of financial institutions (in financial institutions) | financialInstitution	1
Term of credit facility	5 years
Amended inventory advance rate	65%
Percentage of inventory advance rate of net orderly liquidation value	85%
Maximum borrowing capacity	$ 105,400,000
Excess availability under line of credit	101,200,000
Outstanding borrowings	$ 0
Revolving credit facility | Maximum
Line of Credit Facility [Line Items]
Percentage of eligible accounts receivable for borrowings	85%

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Payroll and employee benefits	$ 23	$ 22.5
Freight	7.3	7.7
Deferred revenue	3.5	0
Sales and GST taxes payable	3.9	2.9
Product returns liability	2.1	2.2
Other	9.3	7.9
Accrued expenses and other current liabilities	$ 49.1	$ 43.2

NET INCOME PER COMMON SHARE - S

NET INCOME PER COMMON SHARE - Schedule of Net Income (loss) per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income from continuing operations	$ 70.7	$ 78.1	$ 70.1
Less: Distributed net income available to participating securities	(0.2)	(0.1)	(0.3)
Less: Undistributed net income available to participating securities	(0.2)	(0.2)	0
Numerator for basic net income per share:
Undistributed and distributed net income available to common shareholders	70.3	77.8	69.8
Add: Undistributed net income allocated to participating securities	0.2	0.2	0
Less: Undistributed net income reallocated to participating securities	(0.2)	(0.2)	0
Numerator for diluted net income per share:
Undistributed and distributed net income available to common shareholders	$ 70.3	$ 77.8	$ 69.8
Denominator:
Weighted average shares outstanding for basic net income per share (in shares)	38.1	38	37.8
Effect of dilutive securities (in shares)	0.1	0.1	0.2
Weighted average shares outstanding for diluted net income per share (in shares)	38.2	38.1	38
Net income per share from continuing operations:
Basic (in dollars per share)	$ 1.85	$ 2.05	$ 1.85
Diluted (in dollars per share)	$ 1.84	$ 2.04	$ 1.84
Net income per common share from discontinued operations:
Less: Distributed net income available to participating securities	$ (0.2)	$ (0.1)	$ (0.3)
Numerator for diluted net income per share:
Undistributed and distributed net income available to common shareholders	$ 70.3	$ 77.8	$ 69.8
Net income per share from discontinued operations:
Basic (in dollars per share)	$ 0	$ 0.02	$ 0.88
Diluted (in dollars per share)	0	0.02	0.87
Net income per share - Basic (in dollars per share)	1.85	2.07	2.73
Net income per share - Diluted (in dollars per share)	$ 1.84	$ 2.06	$ 2.71
Potentially dilutive securities (in shares)	0.2	0.1	0.1
Discontinued operations
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Less: Distributed net income available to participating securities	$ 0	$ 0	$ 0
Numerator for diluted net income per share:
Undistributed and distributed net income available to common shareholders	0	0.7	33
Net income per common share from discontinued operations:
Net income from discontinued operations	0	0.7	33.2
Less: Distributed net income available to participating securities	0	0	0
Less: Undistributed net income available to participating securities	0	0	(0.2)
Numerator for basic net income per share:
Undistributed and distributed net income available to common shareholders	0	0.7	33
Add: Undistributed net income allocated to participating securities	0	0	0.2
Less: Undistributed net income reallocated to participating securities	0	0	(0.2)
Numerator for diluted net income per share:
Undistributed and distributed net income available to common shareholders	$ 0	$ 0.7	$ 33

STOCK REPURCHASES (Details)

STOCK REPURCHASES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2018
Equity [Abstract]
Number of shares authorized to be repurchased (in shares)					2,000,000
Purchase of treasury shares (in shares)	0	0	0	392,337
Shares repurchased, value				$ 7.2
Maximum number of shares that may yet be purchased under the plans or programs (in shares)	1,375,000

SHAREHOLDERS' EQUITY - Narrativ

SHAREHOLDERS' EQUITY - Narrative (Details) $ / shares in Units, $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2018 shares	Dec. 31, 2023 USD ($) plan $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of compensation plans (in plans) | plan		2
Share based compensation cost | $		$ 3	$ 4.5	$ 2.9
Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding (in shares)		541,657	509,212	463,304	661,024
Share based compensation cost | $		$ 0.9	$ 1.3	$ 1.1
Share based compensation cost, future income tax benefits | $		0.2	0.2	0.3
Total intrinsic value of options exercised | $		0.3	0.3	4.5
Unrecognized compensation costs, unvested stock options | $		$ 0.9
Weighted average period of recognition (years)		2 years 8 months 1 day
Total fair value of stock options vested | $		$ 0.9	$ 1.3	1.2
Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of recognition (years)			2 years 3 months
Unrecognized compensation cost | $			$ 4.1
Restricted stock units (RSUs) | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		8,164
Restricted stock units (RSUs) | Director | Selling, distribution and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation cost | $		$ 0.2	$ 0.2	0.2
2010 Long-term Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period (years)		10 years
Number of shares authorized for issuance (in shares)		7,500,000
2010 Long-term Stock Incentive Plan | Stock option and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted per calendar year in total, maximum (in shares)		1,500,000
2010 Long-term Stock Incentive Plan | Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding (in shares)		313,863
2010 Long-term Stock Incentive Plan | Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock outstanding (in shares)		13,118
2020 Omnibus Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period (years)		10 years
Number of shares authorized for issuance (in shares)		7,500,000
Cash performance awards | $		$ 10
2020 Omnibus Stock Incentive Plan | Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted per calendar year in total, maximum (in shares)		1,500,000
Number of options outstanding (in shares)		227,794
2020 Omnibus Stock Incentive Plan | Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock outstanding (in shares)		219,735
2020 Omnibus Stock Incentive Plan | Restricted stock units (RSUs) | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock outstanding (in shares)			12,661
2018 Employee Stock Purchase Plan | Employee stock option | Selling, distribution and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense | $		$ 0.4	$ 0.5	$ 0.4
2018 Employee Stock Purchase Plan | Employee stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)	500,000	238,890
Stock plan offering period (months)	6 months
Employee stock purchase plan, maximum shares available to purchase (in shares)	10,000
Employee stock purchase plan, purchase price of stock, percent	85%
Stock issued during period under ESPP (in shares)		58,863	53,143	55,248
Average purchase price of shares issues under ESPP (USD per share) | $ / shares		$ 23.83	$ 26.16	$ 20.09
Continuing operations | Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation cost | $		$ 1.7	$ 2.7	$ 1.4

SHAREHOLDERS' EQUITY - Weighted

SHAREHOLDERS' EQUITY - Weighted-Average Assumptions Used to Estimate Fair Value of Options (Details) - Employee stock option	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected annual dividend yield	2.50%	2%	1.40%
Risk-free interest rate	4.06%	1.85%	0.75%
Expected volatility	49.90%	52.80%	51.90%
Expected life in years	4 years 9 months 18 days	5 years	5 years

SHAREHOLDERS' EQUITY - Options

SHAREHOLDERS' EQUITY - Options Outstanding and Exercisable (Details) - Employee stock option - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Shares
Outstanding at beginning of year (in shares)	509,212	463,304	661,024
Granted (in shares)	80,976	79,025	110,112
Exercised (in shares)	(25,967)	(29,917)	(196,639)
Cancelled or expired (in shares)	(22,564)	(3,200)	(111,193)
Outstanding at end of year (in shares)	541,657	509,212	463,304
Options exercisable at year end (in shares)	333,796	297,889	223,158
Weighted Avg. Exercise Price
Outstanding at beginning of year (in dollars per share)	$ 25.65	$ 24.28	$ 19.78
Granted (in dollars per share)	28.99	32.65	38.02
Exercised (in dollars per share)	20.25	22.87	15.37
Cancelled or expired (in dollars per share)	33.01	26.61	26.87
Outstanding at end of year (in dollars per share)	26.10	25.65	24.28
Weighted average fair value per option granted during the year (in dollars per share)	$ 11.30	$ 13.07	$ 18.50

SHAREHOLDERS' EQUITY - Option_2

SHAREHOLDERS' EQUITY - Options Vested and Exercisable or Nonvested that are Expected to Vest (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
5.00 to 15.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	$ 5
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 15
Options Outstanding and Exercisable (in shares) | shares	41,500
Weighted Average Exercise Price (in dollars per share)	$ 5.91
Weighted Average Remaining Contractual Life	2 years 8 months 26 days
Aggregate Intrinsic Value (in millions) | $	$ 1.4
15.01 to 25.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	$ 15.01
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 25
Options Outstanding and Exercisable (in shares) | shares	299,579
Weighted Average Exercise Price (in dollars per share)	$ 23.55
Weighted Average Remaining Contractual Life	5 years 3 months
Aggregate Intrinsic Value (in millions) | $	$ 4.6
25.01 to 35.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	$ 25.01
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 35
Options Outstanding and Exercisable (in shares) | shares	149,988
Weighted Average Exercise Price (in dollars per share)	$ 30.86
Weighted Average Remaining Contractual Life	8 years 7 months 6 days
Aggregate Intrinsic Value (in millions) | $	$ 1.2
35.01 to 45.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	$ 35.01
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 45
Options Outstanding and Exercisable (in shares) | shares	50,590
Weighted Average Exercise Price (in dollars per share)	$ 43.64
Weighted Average Remaining Contractual Life	7 years 2 months 26 days
Aggregate Intrinsic Value (in millions) | $	$ 0
5.00 to 45.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	$ 5
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 45
Options Outstanding and Exercisable (in shares) | shares	541,657
Weighted Average Exercise Price (in dollars per share)	$ 26.10
Weighted Average Remaining Contractual Life	6 years 2 months 1 day
Aggregate Intrinsic Value (in millions) | $	$ 7.2

SHAREHOLDERS' EQUITY - Unvested

SHAREHOLDERS' EQUITY - Unvested Stock Options (Details) - Unvested stock options	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Shares
Unvested at beginning of the year (in shares) | shares	211,323
Granted (in shares) | shares	80,976
Vested (in shares) | shares	(65,686)
Forfeited (in shares) | shares	(18,752)
Unvested at end of the year (in shares) | shares	207,861
Weighted Average Grant- Date Fair Value
Unvested at the beginning of the year (in dollars per share) | $ / shares	$ 12.84
Granted (in dollars per share) | $ / shares	11.30
Vested (in dollars per share) | $ / shares	12.79
Forfeited (in dollars per share) | $ / shares	12.47
Unvested at the end of the year (in dollars per share) | $ / shares	$ 12.29

SHAREHOLDERS' EQUITY - Restrict

SHAREHOLDERS' EQUITY - Restricted Stock Awards (Details) - Restricted stock - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	145,513
2010 Long-term Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation Expense	$ 1.5	$ 2.5	$ 1.2
2010 Long-term Stock Incentive Plan | 2019 Non-Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	30,251
Restricted stock outstanding (in shares)	6,050
Compensation Expense	$ 0	0.1	0.1
2010 Long-term Stock Incentive Plan | 2019 Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	149,412
Restricted stock outstanding (in shares)	0
Compensation Expense	$ 0	0.3	0.1
2010 Long-term Stock Incentive Plan | 2020 Non-Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	28,272
Restricted stock outstanding (in shares)	7,068
Compensation Expense	$ 0.1	0.1	0.2
2010 Long-term Stock Incentive Plan | 2020 Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	43,330
Restricted stock outstanding (in shares)	0
Compensation Expense	$ (0.1)	0.1	0.1
2020 Omnibus Stock Incentive Plan | 2021 Non-Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	25,371
Restricted stock outstanding (in shares)	12,685
Compensation Expense	$ 0.2	0.3	0.4
2020 Omnibus Stock Incentive Plan | 2021 Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	32,874
Restricted stock outstanding (in shares)	7,836
Compensation Expense	$ (0.1)	0.2	0.3
2020 Omnibus Stock Incentive Plan | 2022 Non-Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	60,808
Restricted stock outstanding (in shares)	36,267
Compensation Expense	$ 0.5	0.8	0
2020 Omnibus Stock Incentive Plan | 2022 Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	32,875
Restricted stock outstanding (in shares)	20,544
Compensation Expense	$ 0	0.6	0
2020 Omnibus Stock Incentive Plan | 2023 Non-Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	81,127
Restricted stock outstanding (in shares)	78,592
Compensation Expense	$ 0.9	0	0
2020 Omnibus Stock Incentive Plan | 2023 Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted (in shares)	56,222
Restricted stock outstanding (in shares)	51,150
Compensation Expense	$ 0	$ 0	$ 0

SHAREHOLDERS' EQUITY - Unvest_2

SHAREHOLDERS' EQUITY - Unvested Restricted Stock (Details) - Restricted stock	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Shares
Unvested at beginning of the year (in shares) | shares	149,225
Granted (in shares) | shares	145,513
Vested (in shares) | shares	(38,971)
Forfeited (in shares) | shares	(22,914)
Unvested at end of the year (in shares) | shares	232,853
Weighted Average Grant- Date Fair Value
Unvested at the beginning of the year (in dollars per share) | $ / shares	$ 33.24
Granted (in dollars per share) | $ / shares	27.50
Vested (in dollars per share) | $ / shares	31.79
Forfeited (in dollars per share) | $ / shares	29.87
Unvested at the end of the year (in dollars per share) | $ / shares	$ 30.22

INCOME TAX - Income (Loss) from

INCOME TAX - Income (Loss) from Continuing Operations Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
United States	$ 91.6	$ 104	$ 84.5
Foreign	3.6	(0.2)	3.1
Income from continuing operations before income taxes	$ 95.2	$ 103.8	$ 87.6

INCOME TAX - (Benefit) Provisio

INCOME TAX - (Benefit) Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal	$ 18.1	$ 21.2	$ 16.8
State	4.2	4.3	3.8
Foreign	0.2	0.2	0.1
Total current	22.5	25.7	20.7
Deferred:
Federal	0.9	0	(0.6)
State	0.2	0.1	(0.2)
Foreign	0.9	(0.1)	(2.4)
Total deferred	2	0	(3.2)
Income tax	$ 24.5	$ 25.7	$ 17.5

INCOME TAX - Narrative (Details

INCOME TAX - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Valuation Allowance [Line Items]
Tax expense from discontinued operations	$ 0	$ 200,000	$ 10,700,000
Operating loss carryforwards utilized in period	4,100,000
Deferred tax assets, valuation allowance	5,200,000	5,800,000
Undistributed earnings of its foreign subsidiaries	2,600,000
Uncertain tax positions	0
Unrecognized tax benefits, accrued interest and penalties	0	$ 0	$ 0
Foreign
Valuation Allowance [Line Items]
Net operating loss and foreign tax credit	5,200,000
Tax credit carryforward	400,000
Net operating loss carryforwards, valuation allowance	4,800,000
Tax credit carryforward, valuation allowance	$ 400,000

INCOME TAX - Reconciliation Bet

INCOME TAX - Reconciliation Between Income Tax Expense and Computed Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income tax at Federal statutory rate	$ 20	$ 21.8	$ 18.4
State and local income taxes, net of federal tax benefit	3.5	3.7	2.9
Reversal of valuation allowances	0	0	(3.4)
Stock based compensation	(0.1)	0	(0.8)
Non-deductible items	0.5	0.7	0.5
Other items, net	0.6	(0.5)	(0.1)
Income tax	$ 24.5	$ 25.7	$ 17.5
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Income tax at Federal statutory rate	21%	21%	21%
State and local income taxes, net of federal tax benefit	3.70%	3.70%	3.30%
Reversal of valuation allowances	0%	0%	(3.80%)
Stock based compensation	(0.10%)	0%	(0.90%)
Non-deductible items	0.50%	0.60%	0.50%
Other items, net	0.60%	(0.50%)	(0.10%)
Income tax	25.70%	24.80%	20%

INCOME TAX - Deferred Tax Asset

INCOME TAX - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Accrued expenses and other liabilities	$ 1.9	$ 1.6
Inventory	2.2	2.9
Operating lease obligations	23.6	25.3
Intangible & other	1.9	0.4
Net operating loss and credit carryforwards	6.3	8.1
Valuation allowances	(5.2)	(5.8)
Total deferred tax assets	30.7	32.5
Operating lease right-of-use assets	21	22.6
Other	1.9	0.1
Total deferred tax liabilities	$ 22.9	$ 22.7

INCOME TAX - Allowance for Defe

INCOME TAX - Allowance for Deferred Tax Assets (Details) - Valuation allowance, deferred tax asset - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ (5.8)	$ (6.1)
Benefit Recognized in Expense	0	0
Write-offs	0.5	0.3
Other	0.1	0
Balance at End of Period	$ (5.2)	$ (5.8)