Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The components of income (loss) from discontinued operations, net of tax for the three and nine months ended September 30, 2025 and 2024, consist of the following (in thousands):

	For the three months ended September 30,				For the nine months ended September 30,
	2025		2024		2025		2024
Revenues	$	—	$	69,970	$	75,358	$	248,526
Costs and operating expenses	—		66,341		71,865		241,194
Income from discontinued operations	—		3,629		3,493		7,332
Other impairment	—		—		33,708		4,204
(Gain) loss on the sale of discontinued operations	(157)		—		13,338		12,663
Total income (loss) before income taxes	157		3,629		(43,553)		(9,535)
(Benefit) provision for income taxes	(164)		721		(10,492)		(2,801)
Income (loss) from discontinued operations, net of tax	$	321	$	2,908	$	(33,061)	$	(6,734)

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

		December 31,
		2024
Assets
	Cash and cash equivalents	$	(475)
	Receivables, net	39,459
	Inventories	142,259
	Prepaid expenses and other current assets	11,057
	Property and equipment, net	14,546
	Intangible assets, net	124
	Goodwill	63,190
	Operating lease right-of-use assets	10,101
	Other assets	2,559
	Total assets held-for-sale	$	282,820
Liabilities
	Accounts payable	$	42,099
	Accrued expenses and other current liabilities	9,446
	Long-term operating lease obligations	8,645
	Deferred tax liabilities	8,010
	Total liabilities held-for-sale	$	68,200

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

	For the nine months ended September 30,
	2025		2024
Depreciation and amortization	$	731	$	2,229
Stock-based compensation (a)	$	(225)	$	586
Purchases of property and equipment	$	208	$	2,040
(a) Stock-based compensation benefit was recognized during the nine months ended September 30, 2025 due to forfeitures in the period.