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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of discontinued operation income statement | The following table summarizes the results of the GES Business presented within discontinued operations in the Condensed Consolidated Statements of Operations:
|  | Three Months Ended |  |  | Nine Months Ended |
(in thousands) |  | September 30, 2024 |  |  | September 30, 2024 |
Revenue: |  |  |  |  |  |
Services |  | $ | 242,248 |  |  | $ | 674,104 |
Products |  |  | 31,199 |  |  |  | 112,946 |
Total revenue |  |  | 273,447 |  |  |  | 787,050 |
Costs and expenses: |  |  |  |  |  |
Cost of services |  |  | 230,345 |  |  |  | 618,766 |
Cost of products |  |  | 29,185 |  |  |  | 99,095 |
Interest expense, net (1) |  |  | 7,967 |  |  |  | 25,538 |
Other expense (income), net |  |  | 535 |  |  |  | 87 |
Total costs and expenses |  |  | 268,032 |  |  |  | 743,486 |
Income from discontinued operations before income taxes |  |  | 5,415 |  |  |  | 43,564 |
Income tax expense |  |  | 2 |  |  |  | 5,622 |
Income from discontinued operations of the GES Business |  |  | 5,413 |  |  |  | 37,942 |
(Loss) income from discontinued operations of previously sold operations |  |  | (90 | ) |  |  | 743 |
Income from discontinued operations |  | $ | 5,323 |  |  | $ | 38,685 |
(1) On December 31, 2024, in connection with the sale of the GES Business, we terminated and repaid in full all outstanding obligations (approximately $393 million) due under our previous $500 million credit facility with Bank of America, N.A. as administrative agent (the “2021 Credit Facility”) and all related liens and security interests were terminated, discharged and released. In accordance with ASC 205-20, we elected to allocate interest expense to discontinued operations for the 2021 Credit Facility and the related debt issuance costs that were not directly attributable to the GES Business. All of the interest expense and related debt issuance costs of the $400 million term loan were allocated to discontinued operations, and interest expense and debt issuance costs related to the $170 million revolving credit facility were allocated based on a ratio of net assets of the GES Business to the sum of our consolidated net assets and consolidated debt. We allocated interest expense to discontinued operations of $8.0 million and $25.6 million during the three and nine months ended September 30, 2024, respectively.

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