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DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
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Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | Details of net loss from discontinued operations, net of taxes, are as follows (in thousands):
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Costs and expenses |  |  |  |  |  |  |  |
General and administrative |  | $ | 367 |  |  | $ | 1,118 |  |  | $ | 8,771 |  |  | $ | 15,301 |
Research and development |  | — |  |  | 8,616 |  |  | — |  |  | 30,854 |
Restructuring charge |  | — |  |  | 4,507 |  |  | 1,092 |  |  | 4,644 |
Share of net loss of equity method investee |  | 1 |  |  | 150 |  |  | 426 |  |  | 484 |
Total costs and expenses |  | 368 |  |  | 14,391 |  |  | 10,289 |  |  | 51,283 |
Loss from discontinued operations |  | (368) |  |  | (14,391) |  |  | (10,289) |  |  | (51,283) |
Gain on disposal of property and equipment |  | — |  |  | — |  |  | 5,675 |  |  | — |
Change in held for sale valuation allowance |  | (2,585) |  |  | — |  |  | (3,793) |  |  | — |
Other income (loss), net |  | (13) |  |  | 1,014 |  |  | (5,206) |  |  | 3,707 |
Loss from discontinued operations before income taxes |  | (2,966) |  |  | (13,377) |  |  | (13,613) |  |  | (47,576) |
Income tax expense |  | — |  |  | — |  |  | (1,518) |  |  | — |
Net loss from discontinued operations, net of tax |  | $ | (2,966) |  |  | $ | (13,377) |  |  | $ | (15,131) |  |  | $ | (47,576) |
Details of the assets and liabilities of discontinued operations classified as held for sale in the condensed consolidated balance sheets are as follows (in thousands):
|  | September 30, 2025 |  | December 31, 2024
Other current assets |  | $ | 768 |  |  | $ | 8,926 |
Property and equipment, net |  | 46,787 |  |  | 52,765 |
Intangible assets, net |  | 161 |  |  | 1,625 |
Investments |  | — |  |  | 515 |
Right-of-use asset under operating leases |  | 3,858 |  |  | 1,078 |
Current assets of discontinued operations |  | $ | 51,574 |  |  | $ | 64,909 |
Accounts payable |  | $ | 3,507 |  |  | $ | 2,566 |
Accrued liabilities and other |  | 14,021 |  |  | 5,764 |
Operating lease liability |  | 15,713 |  |  | 15,136 |
Deferred revenue |  | 174 |  |  | — |
Other current liabilities |  | 7,000 |  |  | 27,543 |
Current liabilities of discontinued operations |  | $ | 40,415 |  |  | $ | 51,009 |
The cash flows related to discontinued operations have not been segregated and are included in the condensed consolidated statements of cash flows. Cash flow and non-cash information for the discontinued operations are as follows (in thousands):
|  | Nine months ended September 30,
|  | 2025 |  | 2024
Depreciation |  | $ | — |  |  | $ | 6,915 |
Amortization |  | — |  |  | 113 |
Capital expenditures |  | 2,674 |  |  | 34,683 |
Proceeds from the return of property and equipment deposits |  | 1,202 |  |  | 22,735 |
Write-down of held for sale assets |  | (3,793) |  |  | — |
Accrued purchases of property and equipment and intangible assets |  | — |  |  | 6,133 |

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