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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The carrying amounts of the major classes of assets and liabilities, which are classified as held for sale in the consolidated balance sheets, are as follows:
(in thousands) | June 30, 2021 |  | December 31, 2020
ASSETS |  |  |
Inventory | $ | 1,823 |  |  | $ | 5,746 |
Prepaid expenses and other | 42,562 |  |  | 47,003 |
Property, plant and equipment, net | 298,471 |  |  | 299,647 |
Intangible assets, net | 155,748 |  |  | 176,459 |
Goodwill | 146,383 |  |  | 146,383 |
Operating lease right-of-use assets | 417,754 |  |  | 421,586 |
Deferred charges and other assets | 38,452 |  |  | 36,470 |
Current assets held for sale | $ | 1,101,193 |  |  | $ | 1,133,294 |
LIABILITIES |  |  |
Current operating lease liabilities | $ | 383,633 |  |  | $ | 409,887 |
Accrued liabilities and other | 5,202 |  |  | 8,770 |
Asset retirement obligations | 34,173 |  |  | 33,545 |
Current liabilities held for sale | $ | 423,008 |  |  | $ | 452,202 |
Income from discontinued operations, net of tax in the consolidated statements of comprehensive income consist of the following:
(in thousands) | Three Months Ended June 30, |  | Six Months Ended June 30,
Revenue: | 2021 |  | 2020 |  | 2021 |  | 2020
Service revenue and other | $ | 100,402 |  |  | $ | 110,138 |  |  | $ | 201,076 |  |  | $ | 201,526 |
Equipment revenue | 5,854 |  |  | 9,610 |  |  | 12,253 |  |  | 22,360 |
Total revenue | 106,256 |  |  | 119,748 |  |  | 213,329 |  |  | 223,886 |
Operating expenses: |  |  |  |  |  |  |
Cost of services | 18,717 |  |  | 33,192 |  |  | 38,144 |  |  | 66,631 |
Cost of goods sold | 5,743 |  |  | 9,437 |  |  | 11,964 |  |  | 21,965 |
Selling, general and administrative | 6,812 |  |  | 9,348 |  |  | 17,514 |  |  | 18,278 |
Restructuring expense | 254 |  |  | — |  |  | 465 |  |  | — |
Depreciation and amortization | — |  |  | 22,901 |  |  | — |  |  | 47,727 |
Total operating expenses | 31,526 |  |  | 74,878 |  |  | 68,087 |  |  | 154,601 |
Operating income | 74,730 |  |  | 44,870 |  |  | 145,242 |  |  | 69,285 |
Other (expense) income: |  |  |  |  |  |  |
Interest expense | (4,317) |  |  | (4,742) |  |  | (8,701) |  |  | (10,970) |
Income before income taxes | 70,413 |  |  | 40,128 |  |  | 136,541 |  |  | 58,315 |
Income tax expense | 18,847 |  |  | 10,345 |  |  | 36,503 |  |  | 15,402 |
Income from discontinued operations, net of tax | $ | 51,566 |  |  | $ | 29,783 |  |  | $ | 100,038 |  |  | $ | 42,913 |

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