XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.22.1

U.K. Sale | 3 Months Ended
--- | ---
Mar. 31, 2022
Discontinued Operations And Disposal Groups [Abstract] |
U.K. Sale |
9. | U.K. Sale
On January 19, 2021, the Company completed the U.K. Sale pursuant to a Share Purchase Agreement in which it sold all of the securities of AHC-WW Jersey Limited, a private limited liability company incorporated in Jersey and a subsidiary of the Company, which constituted the entirety of the Company’s U.K. business operations. The U.K. Sale resulted in approximately $1,525 million of gross proceeds before deducting the settlement of existing foreign currency hedging liabilities of $85 million based on the current British Pounds (“GBP”) to U.S. Dollars (“USD”) exchange rate, cash retained by the buyer and transaction costs. The Company used the net proceeds of approximately $1,425 million (excluding cash retained by the buyer) along with cash from the balance sheet to reduce debt by $1,640 million during the first quarter of 2021 as described in Note 12 – Long-Term Debt. As a result of the U.K. Sale, the Company reported, for all periods presented, results of operations and cash flows of the U.K. operations as discontinued operations in the accompanying financial statements. For the three months ended March 31, 2021, results of operations of the U.K. operations were as follows (in thousands):
|  | March 31, 2021 |
Revenue |  | $ | 62,520 |
Salaries, wages and benefits |  |  | 35,937 |
Professional fees |  |  | 6,815 |
Supplies |  |  | 2,217 |
Rents and leases |  |  | 2,509 |
Other operating expenses |  |  | 6,682 |
Interest expense, net |  |  | 10 |
Loss on sale |  |  | 13,490 |
Transaction-related expenses |  |  | 6,265 |
Total expenses |  |  | 73,925 |
Loss from discontinued operations before income taxes |  |  | (11,405 | )
Benefit from income taxes |  |  | 1,236 |
Loss from discontinued operations, net of taxes |  | $ | (12,641 | )

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

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration