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Discontinued Operations | 12 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations In May 2023, we entered into a definitive agreement to sell our Federal and Defense segment which we mutually agreed to terminate in September 2023, with neither party paying any termination fees. As discussed in Note (18) "Subsequent Events," in February 2024, we entered into two separate agreements to sell substantially all of the Federal and Defense segment assets. The results of operations for the Federal and Defense segment are reported in income from discontinued operations within the consolidated statements of operations for the years ended December 31, 2023, 2022, and 2021, and the related assets and liabilities are presented within assets and liabilities held-for-sale on the consolidated balance sheets as of December 31, 2023, and 2022. The results of operations from discontinued operations for the years ended December 31, 2023, 2022 and 2021, consist of the following (in thousands):
| For the years ended December 31,
| 2023 |  | 2022 |  | 2021
Revenues | $ | 252,466 |  |  | $ | 280,314 |  |  | $ | 269,469 |
Costs and operating expenses | 258,125 |  |  | 278,779 |  |  | 245,250 |
(Loss) income from discontinued operations before income taxes | (5,659) |  |  | 1,535 |  |  | 24,219 |
(Benefit) provision for income taxes | (1,641) |  |  | 135 |  |  | 5,253 |
Net (loss) income from discontinued operations | $ | (4,018) |  |  | $ | 1,400 |  |  | $ | 18,966 |
The assets and liabilities reported as held-for-sale consist of the following (in thousands):
|  |  | December 31, |  | December 31,
|  | 2023 |  | 2022
Assets |  |  |  |
| Cash and cash equivalents |  | $ | 162 |  |  | $ | 173 |
| Receivables, net |  | 10,805 |  |  | 14,340 |
| Contract assets |  | 25,109 |  |  | 30,898 |
| Inventories |  | 472 |  |  | 270 |
| Other current assets |  | 6,154 |  |  | 9,244 |
| Property and equipment, net |  | 6,102 |  |  | 7,467 |
| Intangible assets, net |  | 3,505 |  |  | 4,066 |
| Goodwill |  | 31,575 |  |  | 31,575 |
| Operating lease right-of-use assets |  | 9,097 |  |  | 12,854 |
| Other assets |  | 21 |  |  | 51 |
| Total assets held-for-sale (a) |  | $ | 93,002 |  |  | $ | 110,938 |
Liabilities |  |  |  |
| Accounts payable |  | $ | 20,893 |  |  | $ | 31,096 |
| Accrued expenses and other current liabilities |  | 19,537 |  |  | 21,833 |
| Long-term operating lease obligations |  | 8,942 |  |  | 13,186 |
| Deferred tax liabilities |  | 4,019 |  |  | 4,862 |
| Total liabilities held-for-sale (a) |  | $ | 53,391 |  |  | $ | 70,977 |
(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):
| For the years ended December 31,
| 2023 |  | 2022 |  | 2021
Depreciation and amortization | $ | 2,289 |  |  | $ | 3,576 |  |  | $ | 4,584 |
Purchases of property and equipment | $ | 295 |  |  | $ | 331 |  |  | $ | 540 |
Stock-based compensation | $ | 139 |  |  | $ | 63 |  |  | $ | 91 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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