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SEGMENT AND RELATED INFORMATION | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SEGMENT AND RELATED INFORMATION | SEGMENT AND RELATED INFORMATION We report segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of our reportable segments. We have identified two reportable segments, Australia and Canada, which represent our strategic focus on hospitality services and workforce accommodations. Our Chief Executive Officer is the chief operating decision maker (“CODM”). The profitability measure the CODM uses is segment operating income (loss) to review each of our reportable segments for the purpose of making decisions about resource allocation and performance assessment. Operating income (loss) is revenue less cost of sales and services, selling, general and administrative expenses, depreciation and amortization expense and other operating expenses (income). Total assets by segment are not used by the CODM to assess the performance of, or allocate resources to, the Company’s segments. Through our implementation of ASU No. 2023-07, “Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures,” we have disclosed for each reportable segment the significant expense categories that are reviewed by the CODM below, and there are no additional significant expenses within the expense categories presented. Prior to the fourth quarter of 2024, we presented segment operating income (loss) to include an allocation of corporate overhead expenses. To better align segment operating income (loss) to the profitability measure used by our CODM, we have excluded this allocation. Prior periods have been updated to be consistent with the presentation for the year ended December 31, 2024. Financial information by business segment for each of the three years ended December 31, 2024, 2023 and 2022 is summarized in the following (in thousands):
2024 | Australia |  | Canada |  | Corporate, other and eliminations |  | Total
Revenues | $ | 426,956 |  |  | $ | 245,087 |  |  | $ | 10,079 |  |  | $ | 682,122 |
Cost of sales and services | 315,374 |  |  | 207,135 |  |  | 10,158 |  |  | 532,667 |
Revenues less cost of sales and services | 111,582 |  |  | 37,952 |  |  | (79) |  |  | 149,455 |
Selling, general and administrative expenses | 24,712 |  |  | 18,457 |  |  | 30,181 |  |  | 73,350 |
Depreciation and amortization expense | 31,044 |  |  | 36,704 |  |  | 290 |  |  | 68,038 |
Other operating expense (income) (1) | 6,302 |  |  | (2,482) |  |  | 2,915 |  |  | 6,735 |
Operating income (loss) | 49,524 |  |  | (14,727) |  |  | (33,465) |  |  | 1,332 |
Recon to income (loss) before income taxes |  |  |  |  |  |  |
Other income (loss) (2) |  |  |  |  |  |  | (7,269) |
Income (loss) before income taxes |  |  |  |  |  |  | $ | (5,937) |
Capital expenditures | $ | 15,703 |  |  | $ | 10,344 |  |  | $ | 91 |  |  | $ | 26,138 |
2023 | Australia |  | Canada |  | Corporate, other and eliminations |  | Total
Revenues | $ | 336,763 |  |  | $ | 352,795 |  |  | $ | 11,247 |  |  | $ | 700,805 |
Cost of sales and services | 243,011 |  |  | 277,067 |  |  | 10,209 |  |  | 530,287 |
Revenues less cost of sales and services | 93,752 |  |  | 75,728 |  |  | 1,038 |  |  | 170,518 |
Selling, general and administrative expenses | 20,058 |  |  | 20,000 |  |  | 32,547 |  |  | 72,605 |
Depreciation and amortization expense | 28,696 |  |  | 46,319 |  |  | 127 |  |  | 75,142 |
Other operating expense (income) (1) | 16 |  |  | (18,568) |  |  | 1,836 |  |  | (16,716) |
Operating income (loss) | 44,982 |  |  | 27,977 |  |  | (33,472) |  |  | 39,487 |
Recon to income (loss) before income taxes |  |  |  |  |  |  |
Other income (loss) (2) |  |  |  |  |  |  | 876 |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 40,363 |
Capital expenditures | $ | 21,632 |  |  | $ | 9,216 |  |  | $ | 785 |  |  | $ | 31,633 |
2022 | Australia |  | Canada |  | Corporate, other and eliminations |  | Total
Revenues | $ | 278,252 |  |  | $ | 395,997 |  |  | $ | 22,803 |  |  | $ | 697,052 |
Cost of sales and services | 200,944 |  |  | 293,576 |  |  | 22,543 |  |  | 517,063 |
Revenues less cost of sales and services | 77,308 |  |  | 102,421 |  |  | 260 |  |  | 179,989 |
Selling, general and administrative expenses | 17,693 |  |  | 19,073 |  |  | 33,196 |  |  | 69,962 |
Depreciation and amortization expense | 30,521 |  |  | 55,503 |  |  | 1,190 |  |  | 87,214 |
Other operating expense (income) (1) | 3,818 |  |  | 69 |  |  | 1,908 |  |  | 5,795 |
Operating income (loss) | 25,276 |  |  | 27,776 |  |  | (36,034) |  |  | 17,018 |
Recon to income (loss) before income taxes |  |  |  |  |  |  |
Other income (loss) (2) |  |  |  |  |  |  | (6,286) |
Income (loss) before income taxes |  |  |  |  |  |  | $ | 10,732 |
Capital expenditures | $ | 12,757 |  |  | $ | 11,588 |  |  | $ | 1,076 |  |  | $ | 25,421 |
(1)Other operating expense (income) for each reportable segment primarily includes impairment expense and other operating expenses for the years ended December 31, 2024, 2023 and 2022. In addition, for the years ended December 31, 2024 and 2023, Other operating expense (income) in Canada includes gain on sale of McClelland Lake Lodge assets, net. (2)Other income (loss) is primarily related to interest expense, interest income and other income. Financial information by geographic segment as of and for each of the three years ended December 31, 2024, 2023 and 2022, is summarized below (in thousands). Other revenues include export sales. Revenues are attributable to countries based on the location of the entity selling the products or performing the services Total assets are attributable to countries based on the physical location of the entity and its operating assets and do not include intercompany balances.
| Canada |  | Australia |  | Other |  | Total
2024 |  |  |  |  |  |  |
Revenues from unaffiliated customers | $ | 245,087 |  |  | $ | 426,956 |  |  | $ | 10,079 |  |  | $ | 682,122 |
Total assets | 667,266 |  |  | 185,643 |  |  | (447,837) |  |  | 405,072 |
2023 |  |  |  |  |  |  |
Revenues from unaffiliated customers | $ | 352,795 |  |  | $ | 336,763 |  |  | $ | 11,247 |  |  | $ | 700,805 |
Total assets | 769,543 |  |  | 205,702 |  |  | (427,183) |  |  | 548,062 |
2022 |  |  |  |  |  |  |
Revenues from unaffiliated customers | $ | 395,997 |  |  | $ | 278,252 |  |  | $ | 22,803 |  |  | $ | 697,052 |
Total assets | 726,640 |  |  | 198,795 |  |  | (359,251) |  |  | 566,184 |

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- Definition The entire disclosure for reporting segments including data and tables. 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