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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates as one segment. The accounting policies of the Company’s segment are the same as those described in the summary of significant accounting policies.

The CODM assesses performance at a consolidated level and decides how to allocate resources based on Adjusted EBITDA from continuing operations.
The measure of segment assets is reported on the balance sheet as total consolidated assets.

The CODM uses (loss) income from continuing operations and Adjusted EBITDA to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the operations of the Company or for other purposes, such as for acquisitions or to pay dividends.

Adjusted EBITDA is used to monitor budget versus actual results. The CODM also uses Adjusted EBITDA to analyze the Company’s growth by monitoring current results versus prior year results. The analyses are used in assessing performance of the Company and in establishing management’s compensation.

Adjusted EBITDA is a non-GAAP financial measure. The Company defines Adjusted EBITDA as (loss) income from continuing operations calculated in accordance with GAAP, adjusted for the impact of depreciation and amortization, impairment expense, other income (expense), net, interest income, interest expense, income tax expense (benefit), stock compensation expense, transaction costs related to acquisition and disposition events (including professional advisory fees, integration costs, and related compensatory matters), restructuring expense, tax on equity award vesting and exercise events, and other non-comparable items. The Company believes that the exclusion of the expense and income items eliminated in calculating Adjusted EBITDA provides management and investors a useful measure for period-to-period comparisons of the Company’s core operating results by excluding items that are not comparable across reporting periods or that do not otherwise relate to the Company’s ongoing operations. Accordingly, the Company believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating the Company’s operating results.

The following table summarizes the Company’s revenue, (loss) income from continuing operations, Adjusted EBITDA and significant expenses:

(in thousand)
202420232022
Service revenue and other$328,058 $269,131 $248,911 
Significant expenses and other items:
Cost of services exclusive of depreciation and amortization128,112 100,850 102,279 
Selling, general and administrative exclusive of stock-based compensation105,356 89,271 82,585 
Adjusted EBITDA
94,590 79,010 64,047 
Stock-based compensation expense, net of amount capitalized9,837 10,033 8,528 
Restructuring, integration and acquisition14,509 2,915 1,251 
Impairment expense382 2,552 5,241 
Depreciation and amortization98,453 63,368 66,483 
Interest expense15,897 4,212 1,577 
Other benefit items(6,461)(5,587)(215)
Income tax (benefit) expense(9,670)501 (3,400)
(Loss) income from continuing operations$(28,357)$1,016 $(15,418)

Other benefit items included in (loss) income from continuing operations interest income, patronage income and benefit plan gains.