Business Segments (Tables)

3 Months Ended

Mar. 31, 2022

Business Segments

Schedule of Segment Reporting Information

The table below presents information about reported segments for the three months ended March 31 (except for asset information for 2021 that is presented as of December 31):

2022

	HFS - South		HFS - Midwest		Government		TCPL Keystone		All Other			Total
For the Three Months Ended March 31, 2022
Revenue	$	31,576	$	977	$	46,790	$	-	$	992	(a)	$	80,335
Adjusted gross profit	$	13,318	$	(500)	$	27,876	$	-	$	22		$	40,716
Total Assets	$	206,724	$	42,333	$	78,871	$	3,007	$	2,399		$	333,334

2021

	HFS – South		HFS – Midwest		Government		TCPL Keystone		All Other			Total
For the Three Months Ended March 31, 2021
Revenue	$	25,093	$	597	$	18,039	$	1,471	$	292	(a)	$	45,492
Adjusted gross profit	$	10,658	$	(549)	$	13,802	$	208	$	(218)		$	23,901
Total Assets (as of December 31, 2021)	$	206,774	$	43,504	$	87,308	$	3,007	$	2,412		$	343,005

(a) Revenues from segments below the quantitative thresholds are attributable to three operating segments of the Company and are reported in the “All Other” category previously described.

Schedule of reconciliation of total segment adjusted gross profit

	For the Three Months Ended
	March 31, 2022		March 31, 2021
Total reportable segment adjusted gross profit	$	40,694	$	24,119
Other adjusted gross profit		22		(218)
Depreciation and amortization		(16,795)		(16,436)
Selling, general, and administrative expenses		(11,759)		(11,332)
Other expense (income), net		219		(246)
Interest expense, net		(9,572)		(9,849)
Change in fair value of warrant liabilities		(1,227)		(640)
Consolidated income (loss) before income taxes	$	1,582	$	(14,602)

Schedule of reconciliation of total segment assets to total combined assets

	March 31, 2022		December 31, 2021
Total reportable segment assets	$	330,935	$	340,593
Other assets		3,464		3,489
Other unallocated amounts		158,139		169,310
Total Assets	$	492,538	$	513,392

Schedule of unallocated assets consist of the following as reported in the combined balance sheets

	March 31, 2022		December 31, 2021
Total current assets	$	54,579	$	60,536
Other intangible assets, net		84,849		88,485
Deferred tax asset		13,985		14,710
Deferred financing costs revolver, net		1,846		2,159
Other non-current assets		2,880		3,420
Total other unallocated amounts of assets	$	158,139	$	169,310