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Discontinued Operations (Tables) | 3 Months Ended
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Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations | The components of loss from discontinued operations, net of tax for the three months ended March 31, 2025 and 2024, consist of the following (in thousands):
|  |  |  | Three months ended March 31,
|  |  |  |  |  | 2025 |  | 2024
Revenues |  |  |  |  |  | $ | 75,358 |  |  | $ | 105,425 |
Costs and operating expenses |  |  |  |  |  | 71,829 |  |  | 105,252 |
Income from discontinued operations |  |  |  |  |  | 3,529 |  |  | 173 |
Other impairment |  |  |  |  |  | 33,708 |  |  | 4,204 |
Loss on the sale of discontinued operations |  |  |  |  |  | 244 |  |  | 12,663 |
Total loss before income taxes |  |  |  |  |  | (30,423) |  |  | (16,694) |
Benefit for income taxes |  |  |  |  |  | (7,482) |  |  | (4,541) |
Loss from discontinued operations, net of tax |  |  |  |  |  | $ | (22,941) |  |  | $ | (12,153) |
The assets and liabilities reported as held-for-sale consist of the following (in thousands):
|  |  |  | March 31, |  | December 31,
|  |  | 2025 |  | 2024
Assets |  |  |  |  |
| Cash and cash equivalents |  |  | $ | 4,797 |  |  | $ | (475) |
| Receivables, net |  |  | 47,424 |  |  | 39,459 |
| Inventories |  |  | 141,223 |  |  | 142,259 |
| Prepaid expenses and other current assets |  |  | 10,218 |  |  | 11,057 |
| Property and equipment, net |  |  | 14,113 |  |  | 14,546 |
| Intangible assets, net |  |  | 93 |  |  | 124 |
| Goodwill |  |  | 29,482 |  |  | 63,190 |
| Operating lease right-of-use assets |  |  | 9,595 |  |  | 10,101 |
| Other assets |  |  | 2,566 |  |  | 2,559 |
| Total assets held-for-sale |  |  | $ | 259,511 |  |  | $ | 282,820 |
Liabilities |  |  |  |  |
| Accounts payable |  |  | $ | 36,546 |  |  | $ | 42,099 |
| Accrued expenses and other current liabilities |  |  | 8,402 |  |  | 9,446 |
| Long-term operating lease obligations |  |  | 8,086 |  |  | 8,645 |
| Deferred tax liabilities |  |  | — |  |  | 8,010 |
| Total liabilities held-for-sale |  |  | $ | 53,034 |  |  | $ | 68,200 |
Selected financial information related to cash flows from discontinued operations is as follows (in thousands):
|  | Three months ended March 31, |  |  |
|  | 2025 |  | 2024 |  |  |
Depreciation and amortization |  | $ | 731 |  |  | $ | 835 |  |  |  |
Stock-based compensation (a) |  | $ | (225) |  |  | $ | 222 |  |  |  |
Purchases of property and equipment |  | $ | 208 |  |  | $ | 1,303 |  |  |  |
(a) Stock-based compensation benefit was recognized during the three months ended March 31, 2025 due to forfeitures in the period. |  |  |

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