Business Segments and Customer Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Our segment information is as follows (in thousands):


Year Ended December 31, 2024
	Aviation		Fleet		Corporate / unallocated expenses		Consolidated
Revenues	$	786,256	$	293,876	$	—	$	1,080,132
Costs and operating expenses:
Segment costs (a)	640,895		266,689		36,831		944,415
Depreciation and amortization	25,500		2,957		155		28,612
Allocated corporate cost (b)	18,474		7,212		—		25,686
Total costs and operating expenses	684,869		276,858		36,986		998,713
Operating income (loss) (c)	$	101,387	$	17,018	$	(36,986)	$	81,419

Capital Expenditures (d)	$	19,030	$	2,386	$	215	$	21,631
Total Assets	$	1,409,426	$	282,820	$	42,374	$	1,734,620


Year Ended December 31, 2023
	Aviation		Fleet		Corporate / unallocated expenses		Consolidated
Revenues	$	544,020	$	316,468	$	—	$	860,488
Costs and operating expenses:
Segment costs (a)	443,909		272,084		14,682		730,675
Depreciation and amortization	16,080		5,300		(253)		21,127
Allocated corporate cost (b)	12,863		7,827		—		20,690
Total costs and operating expenses	472,852		285,211		14,429		772,492
Operating income (loss) (c)	$	71,168	$	31,257	$	(14,429)	$	87,996

Capital Expenditures (d)	$	16,467	$	2,198	$	269	$	18,934
Total Assets (e)	$	950,143	$	274,382	$	125,813	$	1,350,338

For the Year Ended December 31, 2022
	Aviation		Fleet		Corporate / unallocated expenses		Consolidated
Revenues	$	408,112	$	261,336	$	—	$	669,448
Costs and operating expenses:
Segment costs (a)	345,614		221,137		7,654		574,405
Depreciation and amortization	13,174		8,783		(931)		21,026
Allocated corporate cost (b)	12,908		7,505		—		20,413
Total costs and operating expenses	371,696		237,425		6,723		615,844
Operating income (loss) (c)	$	36,416	$	23,911	$	(6,723)	$	53,604

Capital Expenditures (d)	$	5,961	$	5,502	$	861	$	12,324

(a) Segment costs consist of material, labor, overhead, and selling, general, and administrative costs not separately disclosed within this footnote.
(b) Primarily includes costs for information technology, human resources, accounting, and legal support services.
(c) Certain corporate costs previously allocated to the Federal and Defense business for segment reporting purposes did not qualify for classification within discontinued operations and have been reallocated to continuing operations.

(d) Amounts differ from consolidated statements of cash flows due to inclusion of capital expenditures for which payment has not yet been remitted.
(e) Corporate assets in 2023 include $93,002 of assets held-for-sale.

Schedule of Revenue by Geographic Areas

Revenue by geography is based on the billing address of the customer. Our revenue by geographic area is as follows (in thousands):


	For the years ended December 31,
	2024		2023		2022
United States	$	785,599	$	656,767	$	557,615
Other Countries (a)	294,533		203,721		111,833
Total revenue	$	1,080,132	$	860,488	$	669,448

(a) No individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented.