XML 40 R33.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Reportable Segments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Adjusted EBITDA Reconciled to Net Income | A reconciliation of Segment Adjusted EBITDA to net income (loss) for the three and six months ended June 30, 2024 and 2023 is as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 51,594 |  |  | $ | 52,324 |  |  | $ | 95,263 |  |  | $ | 96,980 |
International |  |  | 4,167 |  |  |  | 3,647 |  |  |  | 7,056 |  |  |  | 7,551 |
Total |  | $ | 55,761 |  |  | $ | 55,971 |  |  | $ | 102,319 |  |  | $ | 104,531 |
Adjustments to reconcile to net income: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 7,353 |  |  |  | 3,887 |  |  |  | 10,923 |  |  |  | 12,568 |
Provision (benefit) for income taxes |  |  | 689 |  |  |  | 3,968 |  |  |  | (699 | ) |  |  | 4,649 |
Depreciation and amortization |  |  | 29,978 |  |  |  | 32,056 |  |  |  | 59,800 |  |  |  | 63,922 |
Share-based compensation |  |  | 5,048 |  |  |  | 3,601 |  |  |  | 9,799 |  |  |  | 5,659 |
Transaction and acquisition-related charges(a) |  |  | 9,873 |  |  |  | 1,190 |  |  |  | 21,865 |  |  |  | 2,261 |
Integration, restructuring, and other charges(b) |  |  | 959 |  |  |  | 1,487 |  |  |  | 1,678 |  |  |  | 3,765 |
Net income (loss) |  | $ | 1,861 |  |  | $ | 9,782 |  |  | $ | (1,047 | ) |  | $ | 11,707 |
(a) Represents charges incurred related to acquisitions and similar transactions, primarily consisting of change in control-related costs, professional service fees, and other third-party costs. Transaction and acquisition related charges for the three and six months ended June 30, 2024 include approximately $9.2 million and $20.3 million of expense, respectively, associated with the pending acquisition of Sterling, primarily consisting of legal, regulatory, and diligence professional service fees. The three and six months ended June 30, 2024 and 2023 also include insurance costs incurred related to the initial public offering. (b) Represents charges from organizational restructuring and integration activities, non-cash, and other charges primarily related to nonrecurring legal exposures, foreign currency (gains) losses, (gains) losses on the sale of assets, and other non-recurring items.
Schedule of Revenues by Geographic Region | The following summarizes revenues by geographical region (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 162,378 |  |  | $ | 162,682 |  |  | $ | 311,505 |  |  | $ | 314,738 |
International |  |  | 24,187 |  |  |  | 24,113 |  |  |  | 46,210 |  |  |  | 48,961 |
Eliminations |  |  | (2,019 | ) |  |  | (1,480 | ) |  |  | (3,753 | ) |  |  | (2,864 | )
Total revenues |  | $ | 184,546 |  |  | $ | 185,315 |  |  | $ | 353,962 |  |  | $ | 360,835 |
Summary of Long Lived Assets by Geographical Area | The following table sets forth net long-lived assets by geographic area (in thousands):
|  | June 30, 2024 |  |  | December 31, 2023 |
Long-lived assets, net |  |  |  |  |  |
United States, country of domicile |  | $ | 1,041,734 |  |  | $ | 1,083,318 |
All other countries |  |  | 161,722 |  |  |  | 168,068 |
Total long-lived assets, net |  | $ | 1,203,456 |  |  | $ | 1,251,386 |

X
- Definition Tabular disclosure of the reconciliation of adjusted EBITDA from reportable segments to the consolidated income (loss). + References No definition available. + Details
Name: | fa_ReconciliationOfAdjustedEbitdaFromReportableSegmentsToConsolidatedNetIncomeLossTableTextBlock
Namespace Prefix: | fa_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration