Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The components of loss from discontinued operations, net of tax for the three months ended March 31, 2025 and 2024, consist of the following (in thousands):

	Three months ended March 31,
	2025		2024
Revenues	$	75,358	$	105,425
Costs and operating expenses	71,829		105,252
Income from discontinued operations	3,529		173
Other impairment	33,708		4,204
Loss on the sale of discontinued operations	244		12,663
Total loss before income taxes	(30,423)		(16,694)
Benefit for income taxes	(7,482)		(4,541)
Loss from discontinued operations, net of tax	$	(22,941)	$	(12,153)

The assets and liabilities reported as held-for-sale consist of the following (in thousands):

		March 31,		December 31,
		2025		2024
Assets
	Cash and cash equivalents	$	4,797	$	(475)
	Receivables, net	47,424		39,459
	Inventories	141,223		142,259
	Prepaid expenses and other current assets	10,218		11,057
	Property and equipment, net	14,113		14,546
	Intangible assets, net	93		124
	Goodwill	29,482		63,190
	Operating lease right-of-use assets	9,595		10,101
	Other assets	2,566		2,559
	Total assets held-for-sale	$	259,511	$	282,820
Liabilities
	Accounts payable	$	36,546	$	42,099
	Accrued expenses and other current liabilities	8,402		9,446
	Long-term operating lease obligations	8,086		8,645
	Deferred tax liabilities	—		8,010
	Total liabilities held-for-sale	$	53,034	$	68,200

Selected financial information related to cash flows from discontinued operations is as follows (in thousands):

	Three months ended March 31,
	2025		2024
Depreciation and amortization	$	731	$	835
Stock-based compensation (a)	$	(225)	$	222
Purchases of property and equipment	$	208	$	1,303
(a) Stock-based compensation benefit was recognized during the three months ended March 31, 2025 due to forfeitures in the period.