XML 62 R50.htm IDEA: XBRL DOCUMENT v3.25.0.1

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Reportable Segments

The following table reflects activity related to our reportable segments (in thousands):

		Wholesale				Retail				Unallocated				Consolidated
Year Ended December 31, 2024
Revenues from fuel sales to external customers		$	1,809,897			$	1,802,995			$	—			$	3,612,892
Revenues from food and merchandise sales			—				390,144				—				390,144
Rent income			57,765				13,419				—				71,184
Other revenue			4,601				19,467				—				24,068
Total revenues			1,872,263				2,226,025				—				4,098,288
Cost of goods sold - fuel			1,747,005				1,652,079				—				3,399,084
Cost of goods sold - food and merchandise			—				280,234				—				280,234
Cost of goods sold - Rent expense			16,643				4,008				—				20,651
Gross profit			108,615				289,704				—				398,319
Store labor			—				88,500				—				88,500
Maintenance and environmental costs			7,333				29,006				—				36,339
Other items (a)			24,421				78,726				99,773				202,920
Operating income (loss)		$	76,861			$	93,472			$	(99,773	)		$	70,560
Year Ended December 31, 2023
Revenues from fuel sales to external customers		$	2,215,110			$	1,751,846			$	—			$	3,966,956
Revenues from food and merchandise sales			—				315,957				—				315,957
Rent income			69,693				12,638				—				82,331
Other revenue			5,248				15,771				—				21,019
Total revenues			2,290,051				2,096,212				—				4,386,263
Cost of goods sold - fuel			2,142,430				1,613,117				—				3,755,547
Cost of goods sold - food and merchandise			—				226,110				—				226,110
Cost of goods sold - Rent expense			18,820				3,518				—				22,338
Gross profit			128,801				253,467				—				382,268
Store labor			—				71,101				—				71,101
Maintenance and environmental costs			9,459				20,976				—				30,435
Other items (a)			28,529				64,681				99,452				192,662
Operating income (loss)		$	90,813			$	96,709			$	(99,452	)		$	88,070
Year Ended December 31, 2022
Revenues from fuel sales to external customers		$	2,612,258			$	1,971,806			$	—			$	4,584,064
Revenues from food and merchandise sales			—				280,191				—				280,191
Rent income			71,322				12,784				—				84,106
Other revenue			6,509				12,554				—				19,063
Total revenues			2,690,089				2,277,335				—				4,967,424
Cost of goods sold - fuel			2,538,880				1,825,260				—				4,364,140
Cost of goods sold - food and merchandise			—				204,056				—				204,056
Cost of goods sold - Rent expense			20,470				2,987				—				23,457
Gross profit			130,739				245,032				—				375,771
Store labor			—				59,236				—				59,236
Maintenance and environmental costs			9,502				18,173				—				27,675
Other items (a)			27,570				60,227				105,057				192,854
Operating income (loss)		$	93,667			$	107,396			$	(105,057	)		$	96,006

(a) For the Wholesale and Retail segments, other segment items includes real estate taxes, utilities, management fees, insurance and other operating expenses. For the Retail segment, other segment items also includes rent expense, store supplies and shrink. Other segment items that are not allocated to a segment include general and administrative expenses, depreciation, amortization and accretion expense and gains on dispositions and lease terminations, net.

A reconciliation from operating income to income before income taxes follows (in thousands):

		Years Ended December 31,
		2024				2023				2022
Operating income		$	70,560			$	88,070			$	96,006
Other income, net			780				790				504
Interest expense			(52,320	)			(43,743	)			(32,100	)
Income before income taxes		$	19,020			$	45,117			$	64,410

Summary of reconciliation from operating income to income before income taxes

A reconciliation from operating income to income before income taxes follows (in thousands):

		Years Ended December 31,
		2024				2023				2022
Operating income		$	70,560			$	88,070			$	96,006
Other income, net			780				790				504
Interest expense			(52,320	)			(43,743	)			(32,100	)
Income before income taxes		$	19,020			$	45,117			$	64,410

Summary of Receivables Relating to Revenue Streams

Receivables relating to the revenue streams above are as follows (in thousands):

		December 31,
		2024				2023
Receivables from fuel and merchandise sales		$	30,115			$	28,467
Receivables for rent and other lease-related charges			2,122				3,155
Total accounts receivable		$	32,237			$	31,622

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
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