XML 39 R28.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Information (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents segment revenues and contributions with a reconciliation to Net loss from continuing operations before income taxes for the three and six months ended June 30, 2024 and 2023 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Segment revenues:
Warehouse$600,387 $581,170 $1,198,097 $1,176,222 
Transportation50,637 58,072 107,490 126,150 
Third-party managed9,931 10,368 20,348 23,727 
Total revenues660,955 649,610 1,325,935 1,326,099 
Segment contribution:
Warehouse204,531 172,842 401,662 347,669 
Transportation8,850 9,809 20,372 21,469 
Third-party managed2,102 1,400 4,285 2,479 
Total segment contribution215,483 184,051 426,319 371,617 
Reconciling items:
Depreciation and amortization(89,649)(84,892)(181,744)(169,916)
Selling, general, and administrative(59,453)(53,785)(124,879)(116,640)
Acquisition, cyber incident, and other, net(3,013)(27,235)(18,011)(34,382)
Gain from sale of real estate— 2,528 3,514 2,337 
Interest expense(33,180)(36,431)(66,610)(70,854)
Other, net14,623 (415)24,149 1,018 
Impairment of related party loan receivable— (21,972)— (21,972)
Loss on put option— (56,576)— (56,576)
Loss on debt extinguishment and termination of derivative instruments(110,682)(627)(115,864)(1,172)
Loss from investments in partially owned entities(1,034)(709)(1,983)(1,357)
Loss from continuing operations before income taxes$(66,905)$(96,063)$(55,109)$(97,897)