| Schedule of Segment Information |
The Company's segment information is as follows (in thousands):
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Three months ended September 30, |
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Nine months ended September 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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$ |
282,909 |
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$ |
203,642 |
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$ |
811,093 |
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$ |
558,853 |
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| Costs and operating expenses: |
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Segment costs (a)
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228,161 |
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166,850 |
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659,576 |
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455,727 |
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Depreciation and amortization (b)
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10,182 |
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6,951 |
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28,974 |
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17,919 |
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Allocated corporate cost (c)
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6,326 |
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4,406 |
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17,707 |
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12,993 |
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Unallocated corporate costs |
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28,153 |
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5,363 |
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47,732 |
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33,897 |
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| Total costs and operating expenses |
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272,822 |
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183,570 |
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753,989 |
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520,536 |
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Operating income |
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10,087 |
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20,072 |
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57,104 |
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38,317 |
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| Interest expense, net |
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4,339 |
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8,987 |
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18,723 |
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28,003 |
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Provision for income taxes |
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2,157 |
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2,343 |
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7,184 |
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1,318 |
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Income (loss) from discontinued operations, net of tax |
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321 |
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2,908 |
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(33,061) |
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(6,734) |
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Net income (loss) |
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$ |
3,912 |
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$ |
11,650 |
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$ |
(1,864) |
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$ |
2,262 |
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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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