Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operations (Tables)

v3.25.0.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The components of (loss) income from discontinued operations, net of tax consist of the following (in thousands):

For the years ended December 31,
2024 2023 2022
Revenues $ 26,268  $ 252,466  $ 280,314 
Costs and operating expenses 34,684  258,125  278,779 
(Loss) income from discontinued operations before income taxes
 (8,416) (5,659) 1,535 
Other FDS impairment 4,204  —  — 
Loss on the sale of discontinued operations 15,199  —  — 
(Loss) income from discontinued operations before income taxes (27,819) (5,659) 1,535 
(Benefit) provision for income taxes
 (6,645) (1,641) 135 
(Loss) income from discontinued operations, net of tax
 $ (21,174) $ (4,018) $ 1,400 

The assets and liabilities reported as held-for-sale consist of the following (in thousands):
As of December 31,
2023
Assets
Cash and cash equivalents $ 162 
Receivables, net 10,805 
Contract assets
 25,109 
Inventories 472 
Prepaid expenses and other current assets
 6,154 
Property and equipment, net 6,102 
Intangible assets, net 3,505 
Goodwill 31,575 
Operating lease right-of-use assets 9,097 
Other assets 21 
    Total assets held-for-sale (a)
$ 93,002 
Liabilities
Accounts payable $ 20,893 
Accrued expenses and other current liabilities 19,537 
Long-term operating lease obligations 8,942 
Deferred tax liabilities 4,019 
    Total liabilities held-for-sale (a)
$ 53,391 
(a) Amounts were classified as current for the prior period consolidated balance sheet.
Selected financial information related to cash flows from discontinued operations is as follows (in thousands):

For the years ended December 31,
2024 2023 2022
Depreciation and amortization $ 150  $ 2,289  $ 3,576 
Purchases of property and equipment $ —  $ 295  $ 331 
Stock-based compensation $ —  $ 139  $ 63