| Schedule of Discontinued Operations |
The results of operations from discontinued operations for the years ended December 31, 2023, 2022 and 2021, consist of the following (in thousands):
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For the years ended December 31, |
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2023 |
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2022 |
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2021 |
| Revenues |
$ |
252,466 |
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$ |
280,314 |
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$ |
269,469 |
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| Costs and operating expenses |
258,125 |
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|
278,779 |
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|
245,250 |
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(Loss) income from discontinued operations before income taxes |
(5,659) |
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|
1,535 |
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|
24,219 |
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(Benefit) provision for income taxes |
(1,641) |
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|
135 |
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|
5,253 |
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Net (loss) income from discontinued operations |
$ |
(4,018) |
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|
$ |
1,400 |
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$ |
18,966 |
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The assets and liabilities reported as held-for-sale consist of the following (in thousands):
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December 31, |
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December 31, |
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2023 |
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2022 |
| Assets |
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Cash and cash equivalents |
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$ |
162 |
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$ |
173 |
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Receivables, net |
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10,805 |
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14,340 |
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Contract assets |
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25,109 |
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30,898 |
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Inventories |
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472 |
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270 |
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Other current assets |
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6,154 |
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9,244 |
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Property and equipment, net |
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6,102 |
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7,467 |
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Intangible assets, net |
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3,505 |
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4,066 |
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Goodwill |
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31,575 |
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31,575 |
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Operating lease right-of-use assets |
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9,097 |
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12,854 |
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Other assets |
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21 |
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51 |
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Total assets held-for-sale (a)
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$ |
93,002 |
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$ |
110,938 |
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| Liabilities |
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Accounts payable |
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$ |
20,893 |
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$ |
31,096 |
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Accrued expenses and other current liabilities |
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19,537 |
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21,833 |
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Long-term operating lease obligations |
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8,942 |
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13,186 |
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Deferred tax liabilities |
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4,019 |
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4,862 |
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Total liabilities held-for-sale (a)
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$ |
53,391 |
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$ |
70,977 |
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(a) Amounts have been classified as current for the current period consolidated balance sheet and as current and non-current in the consolidated balance sheet for the prior year period. |
Selected financial information related to cash flows from discontinued operations is as follows (in thousands):
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For the years ended December 31, |
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2023 |
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2022 |
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2021 |
| Depreciation and amortization |
$ |
2,289 |
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$ |
3,576 |
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$ |
4,584 |
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| Purchases of property and equipment |
$ |
295 |
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$ |
331 |
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$ |
540 |
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| Stock-based compensation |
$ |
139 |
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$ |
63 |
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$ |
91 |
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