| Schedule of Discontinued Operations |
The results of operations from discontinued operations for the three and nine months ended September 30, 2023 and 2022, consist of the following (in thousands):
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For the three months ended September 30, |
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For the nine months ended September 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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$ |
61,622 |
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$ |
75,108 |
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$ |
195,507 |
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$ |
217,979 |
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(Loss) income from discontinued operations before income taxes |
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(3,580) |
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2,166 |
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(4,199) |
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5,680 |
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| Provision for income taxes |
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(1,026) |
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446 |
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(1,410) |
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1,212 |
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Net (loss) income from discontinued operations |
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$ |
(2,554) |
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$ |
1,720 |
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$ |
(2,789) |
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$ |
4,468 |
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The assets and liabilities reported as held-for-sale consist of the following (in thousands):
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September 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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$ |
162 |
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$ |
173 |
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Receivables, net |
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13,282 |
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14,340 |
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Unbilled receivables |
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26,641 |
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30,898 |
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Inventories |
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283 |
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270 |
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Other current assets |
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5,210 |
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9,244 |
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Property and equipment, net |
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6,493 |
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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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10,870 |
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12,854 |
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Other assets |
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— |
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51 |
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Total assets held-for-sale(a)
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$ |
98,021 |
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$ |
110,938 |
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| Liabilities |
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Accounts payable |
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$ |
25,641 |
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$ |
31,096 |
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Accrued expenses and other current liabilities |
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20,044 |
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21,833 |
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Long-term operating lease obligations |
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10,373 |
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13,186 |
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Deferred tax liabilities |
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4,340 |
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4,635 |
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Total liabilities held-for-sale(a)
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$ |
60,398 |
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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 nine months ended September 30, |
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2023 |
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2022 |
| Depreciation and amortization |
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$ |
1,849 |
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$ |
2,749 |
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| Purchases of property and equipment |
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$ |
98 |
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$ |
293 |
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| Stock-based compensation |
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$ |
85 |
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$ |
41 |
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