XML 140 R29.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENT AND RELATED INFORMATION
 12 Months Ended
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): 

2024AustraliaCanadaCorporate, other and eliminationsTotal
Revenues$426,956 $245,087 $10,079 $682,122 
Cost of sales and services315,374 207,135 10,158 532,667 
Revenues less cost of sales and services111,582 37,952 (79)149,455 
Selling, general and administrative expenses24,712 18,457 30,181 73,350 
Depreciation and amortization expense31,044 36,704 290 68,038 
Other operating expense (income) (1)
6,302 (2,482)2,915 6,735 
Operating income (loss)49,524 (14,727)(33,465)1,332 
Recon to income (loss) before income taxes
Other income (loss) (2)
(7,269)
Income (loss) before income taxes$(5,937)
Capital expenditures$15,703 $10,344 $91 $26,138 
 
2023AustraliaCanadaCorporate, other and eliminationsTotal
Revenues$336,763 $352,795 $11,247 $700,805 
Cost of sales and services243,011 277,067 10,209 530,287 
Revenues less cost of sales and services93,752 75,728 1,038 170,518 
Selling, general and administrative expenses20,058 20,000 32,547 72,605 
Depreciation and amortization expense28,696 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 

2022AustraliaCanadaCorporate, other and eliminationsTotal
Revenues$278,252 $395,997 $22,803 $697,052 
Cost of sales and services200,944 293,576 22,543 517,063 
Revenues less cost of sales and services77,308 102,421 260 179,989 
Selling, general and administrative expenses17,693 19,073 33,196 69,962 
Depreciation and amortization expense30,521 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. 
 CanadaAustraliaOtherTotal
2024
Revenues from unaffiliated customers$245,087 $426,956 $10,079 $682,122 
Total assets667,266 185,643 (447,837)405,072 
2023
Revenues from unaffiliated customers$352,795 $336,763 $11,247 $700,805 
Total assets769,543 205,702 (427,183)548,062 
2022
Revenues from unaffiliated customers$395,997 $278,252 $22,803 $697,052 
Total assets726,640 198,795 (359,251)566,184