Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

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Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The components of (loss) income from discontinued operations, net of tax for the three months ended March 31, 2024 and 2023, consist of the following (in thousands):
For the three months ended March 31,
2024 2023
Revenues $ 26,268  $ 66,846 
Costs and operating expenses
 34,629  65,689 
(Loss) income from discontinued operations (8,361) 1,158 
Other FDS impairment 4,204  — 
Loss on the sale of discontinued operations 12,663  — 
Total (loss) income before income taxes (25,228) 1,158 
Provision for income taxes (6,517) 160 
(Loss) income from discontinued operations, net of tax $ (18,711) $ 997 
The assets and liabilities reported as held-for-sale consist of the following (in thousands):
December 31,
2023
Assets
Cash and cash equivalents $ 162 
Receivables, net
 10,805 
Contract assets 25,109 
Inventories 472 
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 $ 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 $ 53,391 

Selected financial information related to cash flows from discontinued operations is as follows (in thousands):

For the three months ended March 31,
2024 2023
Depreciation and amortization $ 150  $ 794 
Purchases of property and equipment $ —  $ 25