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DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables) | 6 Months Ended
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Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations | Assets and liabilities held for sale consist of the following:
|  | As of December 31, 2024
|  |  |  | Atlantic |  |
|  | Wealth |  | Coast |  |
|  | Management |  | Recycling |  | Total
Assets Held for Sale |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 1,324 |  |  | $ | 1,324 |
Accounts receivable, net of allowance of $18 |  | — |  |  | 3,698 |  |  | 3,698 |
Prepaid expenses and other assets |  | 3,704 |  |  | 2,427 |  |  | 6,131 |
Operating lease right-of-use assets |  | 512 |  |  | 21,127 |  |  | 21,639 |
Property and equipment, net |  | 71 |  |  | 22,799 |  |  | 22,870 |
Goodwill |  | 13,861 |  |  | 3,280 |  |  | 17,141 |
Other intangible assets, net |  | 2,678 |  |  | 9,242 |  |  | 11,920 |
Total assets held for sale |  | $ | 20,826 |  |  | $ | 63,897 |  |  | $ | 84,723 |
Liabilities Held for Sale |  |  |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 1,410 |  |  | $ | 1,410 |
Accrued expenses and other liabilities |  | — |  |  | 13,290 |  |  | 13,290 |
Operating lease liabilities |  | 525 |  |  | 24,371 |  |  | 24,896 |
Notes payable |  | — |  |  | 1,909 |  |  | 1,909 |
Total liabilities held for sale |  | $ | 525 |  |  | $ | 40,980 |  |  | $ | 41,505 |
The major classes of assets and liabilities included in discontinued operations were as follows:
|  | GlassRatner & Farber
|  | June 30, 2025 |  | December 31, 2024
Assets: |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 8,025 |
Accounts receivable, net |  | — |  |  | 19,704 |
Prepaid expenses and other assets |  | 2,221 |  |  | 9,222 |
Operating lease right-of-use assets |  | — |  |  | 2,258 |
Property and equipment, net |  | — |  |  | 275 |
Goodwill |  | — |  |  | 30,450 |
Other intangible assets, net |  | — |  |  | 439 |
Total assets |  | $ | 2,221 |  |  | $ | 70,373 |
Liabilities: |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 1,326 |
Accrued expenses and other liabilities |  | 830 |  |  | 14,359 |
Deferred revenue |  | — |  |  | 5 |
Contingent consideration |  | — |  |  | 3,092 |
Operating lease liabilities |  | — |  |  | 2,539 |
Total liabilities |  | $ | 830 |  |  | $ | 21,321 |
Revenues and income (loss) from discontinued operations for the three and six months ended June 30, 2025 and 2024 were as follows:
| Three Months Ended |  | Six Months Ended |  |
| June 30, 2025 |  | June 30, 2025 |  |
| GlassRatner & Farber |  | GlassRatner & Farber |  |
Revenues: |  |  |  |  |
Services and fees | $ | 19,465 |  |  | $ | 40,575 |  |  |
Operating expenses: |  |  |  |  |
Selling, general and administrative expenses | 16,592 |  |  | 34,205 |  |  |
Operating income | 2,873 |  |  | 6,370 |  |  |
Other income (expense): |  |  |  |  |
Interest income | 4 |  |  | 7 |  |  |
Gain on disposal of discontinued operations | 66,795 |  |  | 66,795 |  |  |
Income from discontinued operations before income taxes | 69,672 |  |  | 73,172 |  |  |
Provision for income taxes | (360) |  |  | (465) |  |  |
Income from discontinued operations, net of income taxes | $ | 69,312 |  |  | $ | 72,707 |  |  |
|  | Three Months Ended June 30, 2024
|  | Brands Transaction |  | Great American Group |  | GlassRatner & Farber |  | Total
Revenues: |  |  |  |  |  |  |  |
Services and fees |  | $ | 4,962 |  |  | $ | 17,351 |  |  | $ | 22,803 |  |  | $ | 45,116 |
Sale of goods |  |  |  | 8,364 |  |  |  |  | 8,364 |
Total revenues |  | 4,962 |  |  | 25,715 |  |  | 22,803 |  |  | 53,480 |
Operating expenses: |  |  |  |  |  |  |  |
Direct cost of services |  | — |  |  | 2,872 |  |  | — |  |  | 2,872 |
Cost of goods sold |  | — |  |  | 6,960 |  |  | — |  |  | 6,960 |
Selling, general and administrative expenses |  | 1,028 |  |  | 12,437 |  |  | 17,979 |  |  | 31,444 |
Total operating expenses |  | 1,028 |  |  | 22,269 |  |  | 17,979 |  |  | 41,276 |
Operating income |  | 3,934 |  |  | 3,446 |  |  | 4,824 |  |  | 12,204 |
Other income (expense): |  |  |  |  |  |  |  |
Interest income |  | — |  |  | 1 |  |  | 6 |  |  | 7 |
Dividend income |  | 8,749 |  |  | — |  |  | — |  |  | 8,749 |
Realized and unrealized losses on investments |  | (449) |  |  | — |  |  | — |  |  | (449) |
Loss on extinguishment of debt |  | — |  |  | — |  |  | (163) |  |  | (163) |
Interest expense |  | (699) |  |  | (8,454) |  |  | — |  |  | (9,153) |
Income (loss) from discontinued operations before income taxes |  | 11,535 |  |  | (5,007) |  |  | 4,667 |  |  | 11,195 |
Benefit from (provision for) income taxes |  | 4,012 |  |  | (1,143) |  |  | 1,306 |  |  | 4,175 |
Income (loss) from discontinued operations, net of income taxes |  | $ | 15,547 |  |  | $ | (6,150) |  |  | $ | 5,973 |  |  | $ | 15,370 |
|  | Six Months Ended June 30, 2024
|  | Brands Transaction |  | Great American Group |  | GlassRatner & Farber |  | Total
Revenues: |  |  |  |  |  |  |  |
Services and fees |  | $ | 9,539 |  |  | $ | 33,357 |  |  | $ | 45,442 |  |  | $ | 88,338 |
Sale of goods |  | — |  |  | 10,584 |  |  | — |  |  | 10,584 |
Total revenues |  | 9,539 |  |  | 43,941 |  |  | 45,442 |  |  | 98,922 |
Operating expenses: |  |  |  |  |  |  |  |
Direct cost of services |  | — |  |  | 4,328 |  |  | — |  |  | 4,328 |
Cost of goods sold |  | — |  |  | 7,748 |  |  | — |  |  | 7,748 |
Selling, general and administrative expenses |  | 1,882 |  |  | 24,232 |  |  | 35,938 |  |  | 62,052 |
Total operating expenses |  | 1,882 |  |  | 36,308 |  |  | 35,938 |  |  | 74,128 |
Operating income |  | 7,657 |  |  | 7,633 |  |  | 9,504 |  |  | 24,794 |
Other income (expense): |  |  |  |  |  |  |  |
Interest income |  | — |  |  | 2 |  |  | 11 |  |  | 13 |
Dividend income |  | 17,560 |  |  | — |  |  | — |  |  | 17,560 |
Realized and unrealized gains on investments |  | 4,930 |  |  | — |  |  | — |  |  | 4,930 |
Loss on extinguishment of debt |  | — |  |  | — |  |  | (163) |  |  | (163) |
Interest expense |  | (1,412) |  |  | (16,940) |  |  | — |  |  | (18,352) |
Income (loss) from discontinued operations before income taxes |  | 28,735 |  |  | (9,305) |  |  | 9,352 |  |  | 28,782 |
Provision for income taxes |  | (65) |  |  | — |  |  | — |  |  | (65) |
Income (loss) from discontinued operations, net of income taxes |  | $ | 28,670 |  |  | $ | (9,305) |  |  | $ | 9,352 |  |  | $ | 28,717 |
Cash flows from discontinued operations were as follows:
| Six Months Ended June 30,
| 2025 |  | 2024
Net cash from discontinued operations provided by (used in): |  |  |
Operating activities | $ | 22,022 |  |  | $ | 26,681 |
Investing activities | 114,032 |  |  | (1,076) |
Financing activities | (144,581) |  |  | (26,240) |
Effect of foreign currency on cash | 502 |  |  | (3,143) |
Net decrease in cash and cash equivalents | $ | (8,025) |  |  | $ | (3,778) |
Schedule of Supplemental Disclosures from Cash Flows | Supplemental disclosures from cash flows were as follows:
|  |  | Six Months Ended June 30,
|  |  |  |  | 2025 |  | 2024
Interest paid - Continuing Operations |  |  |  |  | $ | 55,011 |  |  | $ | 135,826 |
Interest paid - Discontinued Operations |  |  |  |  | — |  |  | 16,904 |
Interest paid - Total |  |  |  |  | $ | 55,011 |  |  | $ | 152,730 |
Taxes paid - Continuing Operations |  |  |  |  | $ | 2,139 |  |  | $ | 3,754 |
Taxes paid - Discontinued Operations |  |  |  |  | — |  |  | 53 |
Taxes paid - Total |  |  |  |  | $ | 2,139 |  |  | $ | 3,807 |

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