XML 41 R21.htm IDEA: XBRL DOCUMENT v3.25.1
SEGMENT AND RELATED INFORMATION
 3 Months Ended
Mar. 31, 2025
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.

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 chief operating decision maker, we have excluded this allocation. Prior periods have been updated to be consistent with the presentation for the three months ended March 31, 2025.
 
Financial information by business segment for each of the three months ended March 31, 2025 and 2024 is summarized in the following table (in thousands):
 
Three months ended March 31, 2025AustraliaCanadaCorporate, other and eliminationsTotal
Revenues$103,646 $40,398 $— $144,044 
Cost of sales and services76,720 37,645 250 114,615 
Revenues less cost of sales and services26,926 2,753 (250)29,429 
Selling, general and administrative expenses6,408 4,301 7,476 18,185 
Depreciation and amortization expense7,804 8,420 29 16,253 
Other operating expense (income) (1)
75 61 371 507 
Operating income (loss)12,639 (10,029)(8,126)(5,516)
Reconciliation to income (loss) before income taxes
Other income (loss) (2)
(1,246)
Income (loss) before income taxes$(6,762)
Capital expenditures$1,945 $3,326 $— $5,271 
Total assets$206,804 $651,072 $(434,124)$423,752 
Three months ended March 31, 2024AustraliaCanadaCorporate, other and eliminationsTotal
Revenues$91,737 $67,160 $7,223 $166,120 
Cost of sales and services66,113 57,257 7,075 130,445 
Revenues less cost of sales and services25,624 9,903 148 35,675 
Selling, general and administrative expenses5,312 4,869 8,459 18,640 
Depreciation and amortization expense7,237 9,396 137 16,770 
Other operating expense (income) (1)
5,787 (6,067)2,326 2,046 
Operating income (loss)7,288 1,705 (10,774)(1,781)
Reconciliation to income (loss) before income taxes
Other income (loss) (2)
(1,864)
Income (loss) before income taxes$(3,645)
Capital expenditures$4,518 $1,095 $— $5,613 
Total assets$199,430 $744,639 $(430,999)$513,070 

(1)Other operating expense (income) for each reportable segment primarily includes other operating expenses for the three months ended March 31, 2025 and 2024. In addition, for the three months ended March 31, 2024, other operating expense (income) includes impairment expense in Canada and the U.S. and 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.