| Schedule of Discontinued Operations |
The results of operations from discontinued operations for the three and six months ended June 30, 2023 and 2022, consist of the following (in thousands):
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For the three months ended June 30, |
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For the six months ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Revenues |
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$ |
67,039 |
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$ |
71,953 |
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$ |
133,885 |
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$ |
142,871 |
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| (Loss) income from discontinued operations before income taxes |
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$ |
(1,779) |
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$ |
3,616 |
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$ |
(621) |
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$ |
3,514 |
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| Provision for income taxes |
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(545) |
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823 |
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(384) |
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766 |
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| Net (loss) income from discontinued operations |
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$ |
(1,234) |
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$ |
2,793 |
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$ |
(237) |
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$ |
2,748 |
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The assets and liabilities reported as held for sale consist of the following (in thousands):
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June 30, |
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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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$ |
178 |
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$ |
173 |
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Accounts receivable, net |
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12,385 |
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14,340 |
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Unbilled receivables |
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32,188 |
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30,898 |
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Inventories |
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453 |
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270 |
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Other current assets |
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8,760 |
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9,244 |
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Property and equipment, net |
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6,612 |
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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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11,369 |
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12,854 |
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Other assets |
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34 |
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51 |
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Total assets held-for-sale(a)
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$ |
107,059 |
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$ |
110,938 |
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| Liabilities |
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Accounts payable |
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$ |
27,810 |
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$ |
31,096 |
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Accrued expenses and other current liabilities |
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20,609 |
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21,833 |
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Long-term operating lease obligations |
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11,186 |
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13,186 |
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Deferred tax liabilities |
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4,465 |
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4,635 |
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Total liabilities held-for-sale(a)
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$ |
64,070 |
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$ |
70,750 |
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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 six months ended June 30, |
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2023 |
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2022 |
| Depreciation and amortization |
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$ |
1,437 |
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$ |
1,917 |
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| Purchases of property and equipment |
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$ |
92 |
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$ |
144 |
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| Stock-based compensation |
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$ |
73 |
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$ |
20 |
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