XML 41 R30.htm IDEA: XBRL DOCUMENT v3.25.2

Discontinued Operations and Assets Held-for-Sale (Tables)

6 Months Ended

Jun. 30, 2025

Discontinued Operations [Abstract]

Schedule Of Discontinued Operations

The following table summarizes the financial results of our discontinued operations for the three and six months ended June 30, 2025 and 2024:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

June 30,

​

June 30,

​

​

2025

2024

​

2025

​

2024

Net revenue

​

$

1,979,810

​

$

2,010,605

​

$

3,937,974

​

$

3,985,442

Cost of goods sold

​

1,779,250

​

​

1,782,480

​

​

3,530,643

​

​

3,521,380

Gross profit

​

​

200,560

​

​

228,125

​

​

407,331

​

​

464,062

Distribution, selling, and administrative expenses

​

​

208,114

​

​

201,914

​

​

409,355

​

​

409,482

Acquisition-related charges and intangible amortization

​

​

6,331

​

​

6,223

​

​

12,549

​

​

12,247

Exit and realignment charges, net

​

​

14,990

​

​

13,866

​

​

32,591

​

​

33,102

Goodwill impairment charge

​

​

106,389

​

​

—

​

​

106,389

​

​

—

Loss on classification to held for sale

​

​

649,140

​

​

—

​

​

649,140

​

​

—

Other operating expense, net

​

3,329

​

​

2,745

​

​

4,706

​

​

3,127

Operating (loss) income

​

​

(787,733)

​

​

3,377

​

​

(807,399)

​

​

6,104

Interest expense, net

​

10,447

​

​

10,311

​

​

20,192

​

​

20,557

Other expense

​

265

​

​

389

​

​

530

​

​

658

Loss from discontinued operations before income taxes

​

​

(798,445)

​

​

(7,323)

​

​

(828,121)

​

​

(15,111)

Income tax (benefit) provision for discontinued operations

​

(13,209)

​

​

17,848

​

​

(21,713)

​

​

18,553

Loss from discontinued operations, net of taxes

​

$

(785,236)

​

$

(25,171)

​

$

(806,408)

​

$

(33,664)

​

​

The assets and liabilities of the P&HS segment reflected on the condensed consolidated balance sheets at June 30, 2025 and December 31, 2024, are as follows:

​	​	​	​	​	​	​
​		June 30,		​	December 31,
​	​	2025			2024
Assets held for sale - discontinued operations		​			​
Cash and cash equivalents	​	$	38,829	​	$	21,810
Accounts receivable, net	​		359,187	​		471,971
Merchandise inventories	​		1,224,912	​		1,064,298
Intercompany receivable	​	​	160,000	​	​	—
Other current assets, net	​		131,561	​		67,275
Property and equipment, net	​		267,025	​	​	—
Operating lease assets	​		271,444	​	​	—
Intangible assets, net	​		76,771	​	​	—
Deferred tax assets	​	​	10,049	​	​	—
Valuation allowance on disposal group classified as held for sale	​	​	(649,140)	​	​	—
Current assets held for sale - discontinued operations	​		1,890,638	​		1,625,354
Property and equipment, net	​		—	​		260,064
Operating lease assets	​		—	​		228,699
Goodwill	​		—	​		103,140
Intangible assets, net	​		—	​		88,670
Deferred tax assets	​	​	—	​	​	6,726
Other noncurrent assets, net	​		—	​		43,894
Total assets held for sale - discontinued operations	​	$	1,890,638	​	$	2,356,547
Liabilities held for sale - discontinued operations	​			​
Accounts payable	​	$	1,002,086	​	$	868,764
Accrued payroll and related liabilities	​		41,279	​		77,046
Current portion of long-term debt	​	​	8,458	​	​	2,683
Other current liabilities	​		101,549	​		82,400
Operating lease liabilities, current portion	​	​	303,162	​	​	50,003
Deferred tax liabilities	​	​	3,705	​	​	—
Current liabilities held for sale - discontinued operations	​		1,460,239	​		1,080,896
Long-term debt, excluding current portion	​		—	​		9,654
Operating lease liabilities, excluding current portion	​		—	​		196,746
Other liabilities	​		—	​		28,474
Deferred tax liabilities	​		—	​		3,020
Total liabilities held for sale - discontinued operations	​	$	1,460,239	​	$	1,318,790

​

The following table provides significant non-cash operating and investing cash flow information for our discontinued operations and assets held for sale:

​	​	​	​	​	​	​
​	​	Six Months Ended
​	​	June 30,
​	​	2025			2024
Operating Activities:	​	​	​	​	​	​
Goodwill impairment charge	​	$	106,389	​	$	—
Loss on classification to held for sale	​	​	649,140	​	​	—
Depreciation and amortization	​	​	34,664	​	​	42,450
Share-based compensation	​	​	5,696	​	​	5,168
Investing Activities:	​	​	​	​	​	​
Capital expenditures	​	$	(26,918)	​	$	(11,150)
Proceeds from sale of corporate headquarters	​	​	—	​	​	33,500

​

X

- References

No definition available.

+ Details

Name:	us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-11

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 20
-Topic 205
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-1

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-3

+ Details

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