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Discontinued Operations
 6 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
As discussed in Note 1, Basis of Presentation and Other Information above, the Tower Transaction represented a strategic shift in the Company’s business and the Tower Portfolio has been reclassified as a discontinued operation. As a result, for all periods presented, the assets and liabilities that transferred in the Tower Transaction disposal group are presented as held for sale in the Company’s unaudited condensed consolidated balance sheets, and operating results and cash flows related to the Tower Portfolio were reflected as a discontinued operations in our unaudited condensed consolidated statements of comprehensive (loss) income and unaudited condensed consolidated statements of cash flows.
The carrying amounts of the major classes of assets and liabilities, classified as held for sale in the unaudited condensed consolidated balance sheets, were as follows:
(in thousands)December 31,
2023
ASSETS
Property, plant and equipment, net$29,162 
Operating lease right-of-use assets37,616 
Deferred charges and other assets2,137 
Noncurrent assets held for sale$68,915 
LIABILITIES
Accrued liabilities and other current liabilities$3,602 
Current liabilities held for sale$3,602 
Deferred income taxes$2,483 
Asset retirement obligations9,516 
Non-current operating lease liabilities41,173 
Other liabilities3,524 
Noncurrent liabilities held for sale$56,696 

(Loss) income from discontinued operations, net of tax in the unaudited condensed consolidated statements of comprehensive (loss) income consist of the following for the periods:
(in thousands)Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Service revenue and other$— $4,753 $4,542 $9,329 
Operating expenses:
Cost of services— 1,379 1,059 2,571 
Selling, general and administrative— 349 572 799 
Depreciation and amortization
— 538 222 1,051 
Total operating expenses— 2,266 1,853 4,421 
Operating income— 2,487 2,689 4,908 
Other income:
Gain on sale of disposition of Tower Portfolio
— — 294,250 — 
Other expense
(129)— (129)— 
(Loss) income before income taxes
(129)2,487 296,810 4,908 
Income tax (benefit) expense
(30)(703)78,123 394 
(Loss) income from discontinued operations, net of tax
$(99)$3,190 $218,687 $4,514 

Consummation of the sale triggered the recognition of approximately $4.4 million of incremental transaction costs during the six months ended June 30, 2024, for contingent deal advisory fees and legal expenses, which are netted against the gain on sale of disposition of Tower Portfolio.