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Business Segments (Tables)

3 Months Ended

Mar. 31, 2024

Business Segments

Schedule of segment reporting information

2024

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

HFS - South

​

Government

​

All Other

Total

For the Three Months Ended March 31, 2024

​

​

​

​

​

​

​

​

​

​

Revenue

​

$

36,934

​

$

67,607

​

$

2,131

(a)

$

106,672

Adjusted gross profit

​

$

12,842

​

$

52,433

​

$

(1,426)

​

$

63,849

Total Assets

​

$

181,240

​

$

205,802

​

$

30,082

​

$

417,124

​

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 (as of December 31, 2023)

​

$

184,453

​

$

207,409

​

$

30,987

​

$

422,849

(a) Revenues from segments below the quantitative thresholds 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, 2024			March 31, 2023
​	​	​	​	​	​	​
Total reportable segment adjusted gross profit	​	$	65,275	​	$	100,430
Other adjusted gross profit	​		(1,426)	​		(870)
Depreciation and amortization	​		(18,666)	​		(21,400)
Selling, general, and administrative expenses	​		(14,855)	​		(15,199)
Other income (expense), net	​		110	​		(1,004)
Loss on extinguishment of debt	​	​	—	​	​	(2,128)
Interest expense, net	​		(4,587)	​		(7,498)
Change in fair value of warrant liabilities	​	​	675	​	​	3,711
Consolidated income before income taxes	​	$	26,526	​	$	56,042

Schedule of reconciliation of total segment assets to total consolidated assets

​

​	​	​	​	​	​	​
​		March 31, 2024		​	December 31, 2023
Total reportable segment assets	​	$	387,042	​	$	391,862
Other assets	​		32,083	​		32,871
Other unallocated amounts	​		268,044	​		269,620
Total Assets	​	$	687,169	​	$	694,353

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

​

​	​	​	​	​	​	​
​		March 31, 2024			December 31, 2023
Total current assets	​	$	186,068	​	$	180,500
Other intangible assets, net	​		62,919	​		66,282
Operating lease right-of-use assets, net	​	​	16,495	​	​	19,698
Deferred financing costs revolver, net	​		2,328	​		2,479
Other non-current assets	​		234	​		661
Total other unallocated amounts of assets	​	$	268,044	​	$	269,620

​

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