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Discontinued Operations
 9 Months Ended
Sep. 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 operations 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 

Income from discontinued operations, net of tax in the unaudited condensed consolidated statements of operations consist of the following for the periods:
(in thousands)Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Service revenue and other$— $4,644 $4,542 $13,973 
Operating expenses:
Cost of services— 1,694 1,059 4,265 
Selling, general and administrative— 304 572 1,103 
Depreciation and amortization
— 549 222 1,600 
Total operating expenses— 2,547 1,853 6,968 
Operating income— 2,097 2,689 7,005 
Other income:
Gain on sale of disposition of Tower Portfolio
— — 294,250 — 
Other income (expense)
55 — (74)— 
Income before income taxes
55 2,097 296,865 7,005 
Income tax expense
14 321 78,137 715 
Income from discontinued operations, net of tax
$41 $1,776 $218,728 $6,290 

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