| Schedule of Segment Information |
The Company's segment information is as follows (in thousands):
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Three months ended June 30, |
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Six months ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
| Revenues |
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$ |
272,139 |
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$ |
192,828 |
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$ |
528,184 |
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$ |
355,211 |
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| Costs and operating expenses: |
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Segment costs (a)
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221,397 |
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157,946 |
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431,415 |
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288,878 |
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Depreciation and amortization (b)
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9,626 |
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6,034 |
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18,792 |
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10,968 |
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Allocated corporate cost (c)
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6,044 |
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4,380 |
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11,381 |
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8,587 |
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Unallocated corporate costs |
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12,559 |
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21,866 |
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19,579 |
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28,533 |
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Operating income |
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22,513 |
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2,602 |
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47,017 |
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18,245 |
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| Interest expense, net |
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6,445 |
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9,826 |
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14,384 |
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19,016 |
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Provision (benefit) for income taxes |
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2,430 |
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(1,936) |
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5,027 |
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(1,025) |
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(Loss) income from discontinued operations, net of tax |
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(10,441) |
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2,511 |
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(33,382) |
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(9,642) |
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Net income (loss) |
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$ |
3,197 |
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$ |
(2,777) |
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$ |
(5,776) |
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$ |
(9,388) |
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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. |
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