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Organization and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Company’s Consolidated Statements of Cash Flows:

 

 

 

December 31,

 

 

(in thousands)

 

2024

 

 

2023

 

 

2022

 

 

Cash and cash equivalents

 

$

205,233

 

 

$

120,839

 

 

 

118,004

 

 

Restricted cash

 

 

15,518

 

 

 

16,363

 

 

 

17,817

 

 

Total cash, cash equivalents and restricted cash

 

$

220,751

 

 

$

137,202

 

 

$

135,821

 

 

Schedule of Supplemental Disclosure of Cash Flow Information

The following table provides supplemental disclosure of cash flow information:

 

 

Year Ended December 31,

 

(in thousands)

 

2024

 

 

2023

 

 

2022

 

SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

 

Exchange of ownership of Partnership SPV 1 Limited for fair value of GSH

 

$

 

 

$

15,854

 

 

$

 

Non-cash proceeds from divestitures

 

$

45,056

 

 

$

4,283

 

 

$

 

Purchases of property and equipment recorded in accounts payable and accrued expenses

 

$

114

 

 

$

1,201

 

 

$

842

 

Purchases of capitalized software recorded in accounts payable and accrued expenses

 

$

7,272

 

 

$

 

 

$

 

SUPPLEMENTAL CASH FLOW INFORMATION

 

 

 

 

 

 

 

 

 

Gain (loss) on divestitures from discontinued operations

 

$

95,099

 

 

$

(19,068

)

 

$

 

Non-cash consideration for purchases of investments in unconsolidated affiliates

 

$

10,432

 

 

$

 

 

$

 

Cash payments for interest

 

$

163,202

 

 

$

174,767

 

 

$

126,560

 

Cash received from interest rate derivatives

 

$

30,824

 

 

$

28,808

 

 

$

6,527

 

Cash payments for income taxes, net

 

$

31,269

 

 

$

39,007

 

 

$

45,729

 

Property Plant and Equipment Useful Lives The following table provides the range of estimated useful lives used for each asset type:

Leasehold improvements

310 years

Furniture and fixtures

37 years

Computer hardware and other equipment

35 years

Software

37 years

Disaggregation of Revenue

Disaggregated revenues were as follows:

 

 

Year Ended December 31,

 

 

(in thousands)

 

2024

 

 

2023

 

 

2022

 

 

Branded Services

 

 

 

 

 

 

 

 

 

 

Brokerage services

 

$

495,302

 

 

$

534,670

 

 

$

554,226

 

 

Branded merchandising services

 

 

428,821

 

 

 

444,859

 

 

 

429,873

 

 

Omni-commerce marketing services

 

 

382,213

 

 

 

404,522

 

 

 

408,494

 

 

European joint venture

 

 

 

 

 

374,366

 

 

 

371,483

 

 

Total Branded Services revenue

 

$

1,306,336

 

 

$

1,758,417

 

 

$

1,764,076

 

 

Experiential Services

 

 

 

 

 

 

 

 

 

 

Experiential services

 

$

1,295,029

 

 

$

1,159,449

 

 

$

904,230

 

 

Total Experiential Services revenue

 

$

1,295,029

 

 

$

1,159,449

 

 

$

904,230

 

 

Retailer Services

 

 

 

 

 

 

 

 

 

 

Retail merchandising services

 

$

701,709

 

 

$

714,052

 

 

$

712,189

 

 

Advisory services

 

 

197,506

 

 

 

207,675

 

 

 

217,992

 

 

Agency services

 

 

65,744

 

 

 

60,532

 

 

 

47,855

 

 

Total Retailer Services revenue

 

$

964,959

 

 

$

982,259

 

 

$

978,036

 

 

Total revenues

 

$

3,566,324

 

 

$

3,900,125

 

 

$

3,646,342