| Schedule of Segment Information |
The Company's segment information is as follows (in thousands):
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Three months ended March 31, |
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2025 |
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2024 |
| Revenues |
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$ |
256,045 |
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$ |
162,383 |
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| Costs and operating expenses: |
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Segment costs (a)
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210,018 |
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|
130,933 |
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Depreciation and amortization (b)
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9,166 |
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4,933 |
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Allocated corporate cost (c)
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5,337 |
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|
4,207 |
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Unallocated corporate costs |
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7,020 |
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|
6,667 |
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Operating income |
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24,504 |
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|
15,643 |
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| Interest expense, net |
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7,939 |
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|
9,190 |
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| Provision for income taxes |
|
2,597 |
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|
911 |
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| Loss from discontinued operations, net of tax |
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(22,941) |
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(12,153) |
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| Net loss |
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$ |
(8,973) |
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$ |
(6,611) |
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(a) Segment costs consist of material, labor, overhead, and selling, general, and administrative costs attributable to the Aviation segment. |
(b) This line item includes only depreciation and amortization attributable to the Aviation segment. |
(c) Primarily includes costs for information technology, human resources, accounting, and legal support services allocated to the Aviation segment. |
The Company's total assets are as follows (in thousands):
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March 31, |
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December 31, |
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2025 |
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2024 |
| Total assets: |
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| Aviation |
$ |
1,448,556 |
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$ |
1,409,426 |
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| Corporate |
24,915 |
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|
50,384 |
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Assets held-for-sale |
259,511 |
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|
282,820 |
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| Total assets |
$ |
1,732,982 |
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$ |
1,742,630 |
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