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Business Segments (Tables)

3 Months Ended

Mar. 31, 2023

Business Segments

Schedule of Segment Reporting Information

The table below presents information about reported segments for the three months ended March 31 (except for asset information for 2022 that is presented as of December 31):

2023

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

HFS - South

​

Government

​

All Other

Total

For the Three Months Ended March 31, 2023

​

​

​

​

​

​

​

​

​

​

Revenue

​

$

35,772

​

$

109,503

​

$

2,544

(a)

$

147,819

Adjusted gross profit

​

$

11,656

​

$

88,774

​

$

(870)

​

$

99,560

Total Assets

​

$

193,664

​

$

214,492

​

$

33,847

​

$

442,003

​

2022

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

HFS - South

​

Government

​

All Other

Total

For the Three Months Ended March 31, 2022

​

​

​

​

​

​

​

​

​

​

​

​

Revenue

​

$

31,576

​

$

46,790

​

$

1,969

(a)

$

80,335

Adjusted gross profit

​

$

13,318

​

$

27,876

​

$

(478)

​

$

40,716

Total Assets (as of December 31, 2022)

​

$

176,637

​

$

217,029

​

$

34,722

​

$

428,388

​

(a) Revenues from segments below the quantitative thresholds are attributable to four operating segments of the Company and are reported in the “All Other” category previously described.

Schedule of reconciliation of total segment adjusted gross profit

​

​	​	​	​	​	​	​
​	​	For the Three Months Ended
​	​	March 31, 2023			March 31, 2022
​	​	​	​	​	​	​
Total reportable segment adjusted gross profit	​	$	100,430	​	$	40,694
Other adjusted gross profit	​		(870)	​		22
Depreciation and amortization	​		(21,400)	​		(16,795)
Selling, general, and administrative expenses	​		(15,199)	​		(11,759)
Other expense (income), net	​		(1,004)	​		219
Loss on extinguishment of debt	​	​	(2,128)	​	​	—
Interest expense, net	​		(7,498)	​		(9,572)
Change in fair value of warrant liabilities	​	​	3,711	​	​	(1,227)
Consolidated income before income taxes	​	$	56,042	​	$	1,582

​

Schedule of reconciliation of total segment assets to total combined assets

​

​	​	​	​	​	​	​
​		March 31, 2023		​	December 31, 2022
Total reportable segment assets	​	$	408,156	​	$	426,825
Other assets	​		35,632	​		3,240
Other unallocated amounts	​		205,830	​		341,662
Total Assets	​	$	649,618	​	$	771,727

​

Schedule of unallocated assets consist of the following as reported in the combined balance sheets

​

​	​	​	​	​	​	​
​		March 31, 2023			December 31, 2022
Total current assets	​	$	103,151	​	$	236,379
Other intangible assets, net	​		76,394	​		75,182
Operating lease right-of-use assets, net	​	​	23,120	​	​	27,298
Deferred financing costs revolver, net	​		1,604	​		896
Other non-current assets	​		1,561	​		1,907
Total other unallocated amounts of assets	​	$	205,830	​	$	341,662

X

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