XML 29 R23.htm IDEA: XBRL DOCUMENT v3.25.1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Information Related to Discontinued Operations

The following table summarizes the results of discontinued operations, net of tax (in thousands):

 

 

Three-Month Period

 

 

 

Ended March 31,

 

 

 

2025

 

 

2024

 

Net Revenue

 

$

-

 

 

$

199,269

 

Expenses:

 

 

 

 

 

 

Cost of revenue

 

 

-

 

 

 

180,571

 

Direct operating expenses

 

 

-

 

 

 

3,771

 

Selling, general and administrative expenses

 

 

191

 

 

 

12,361

 

Depreciation and amortization

 

 

-

 

 

 

2,394

 

Change in fair value of contingent consideration

 

 

-

 

 

 

(1,200

)

Impairment charge

 

 

-

 

 

 

49,438

 

Foreign currency (gain) loss

 

 

-

 

 

 

184

 

Operating income (loss)

 

 

(191

)

 

 

(48,250

)

Interest expense

 

 

-

 

 

 

(116

)

Interest income

 

 

-

 

 

 

552

 

Income (loss) from discontinued operations before income taxes

 

 

(191

)

 

 

(47,814

)

Income tax benefit (expense)

 

 

-

 

 

 

3,655

 

Net income (loss) from discontinued operations before noncontrolling interests in discontinued operations

 

 

(191

)

 

 

(44,159

)

Net (income) loss attributable to redeemable noncontrolling interest

 

 

-

 

 

 

2,779

 

Net income (loss) from discontinued operations, net of tax

 

$

(191

)

 

$

(41,380

)

The following table presents significant non-cash items and capital expenditures of discontinued operations for the periods presented:

 

Three-Month Period

 

 

Ended March 31,

 

 

2025

 

 

2024

 

Depreciation and amortization

$

-

 

 

$

2,394

 

Impairment charge

$

-

 

 

$

49,438

 

Change in fair value of contingent consideration

$

-

 

 

$

(1,200

)

Non-cash stock-based compensation

$

-

 

 

$

418

 

Purchases of property and equipment

$

-

 

 

$

105