Business Segments (Tables)

6 Months Ended

Jun. 30, 2022

Business Segments

Schedule of Segment Reporting Information

The table below presents information about reported segments for the three and six months ended June 30 (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 Six Months Ended June 30, 2022
Revenue	$	64,196	$	2,410	$	121,705	$	-	$	1,671	(a)	$	189,982
Adjusted gross profit	$	27,284	$	(392)	$	78,575	$	-	$	(346)		$	105,121
Total Assets	$	201,829	$	41,159	$	109,666	$	3,007	$	1,796		$	357,457
For the Three Months Ended June 30, 2022
Revenue	$	32,620	$	1,433	$	74,915	$	-	$	679	(a)	$	109,647
Adjusted gross profit	$	13,967	$	108	$	50,699	$	-	$	(368)		$	64,406

2021

	HFS - South		HFS - Midwest		Government		TCPL Keystone		All Other			Total
For the Six Months Ended June 30, 2021
Revenue	$	53,283	$	1,327	$	62,827	$	2,403	$	638	(a)	$	120,478
Adjusted gross profit	$	24,274	$	(798)	$	40,826	$	811	$	(235)		$	64,878
Total Assets (as of December 31, 2021)	$	206,774	$	43,504	$	87,308	$	3,007	$	2,412		$	343,005
For the Three Months Ended June 30, 2021
Revenue	$	28,190	$	730	$	44,788	$	933	$	345	(a)	$	74,986
Adjusted Gross Profit	$	13,615	$	(249)	$	27,023	$	604	$	(16)		$	40,977

(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				For the Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Total reportable segment adjusted gross profit	$	64,774	$	40,993	$	105,467	$	65,113
Other adjusted gross profit		(368)		(16)		(346)		(235)
Depreciation and amortization		(15,446)		(18,004)		(32,241)		(34,440)
Selling, general, and administrative expenses		(11,103)		(11,677)		(22,862)		(23,009)
Other expense (income), net		(24)		(444)		195		(690)
Interest expense, net		(9,667)		(9,744)		(19,238)		(19,594)
Change in fair value of warrant liabilities		853		(2,080)		(374)		(2,720)
Consolidated income (loss) before income taxes	$	29,019	$	(972)	$	30,601	$	(15,575)

Schedule of reconciliation of total segment assets to total combined assets

	June 30, 2022		December 31, 2021
Total reportable segment assets	$	355,661	$	340,593
Other assets		2,903		3,489
Other unallocated amounts		188,291		169,310
Total Assets	$	546,855	$	513,392

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

	June 30, 2022		December 31, 2021
Total current assets	$	94,215	$	60,536
Other intangible assets, net		81,630		88,485
Deferred tax asset		8,360		14,710
Deferred financing costs revolver, net		1,531		2,159
Other non-current assets		2,555		3,420
Total other unallocated amounts of assets	$	188,291	$	169,310