SEGMENT AND GEOGRAPHIC DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Segment Data for our Two Operating Segments

Segment data for our two operating segments are as follows (in thousands):

	Twelve Months Ended December 31, 2024
	IHT		MS		Total
Revenues	$	426,722	$	425,550	$	852,272
Adjusted operating expenses1	316,831		298,473		615,304
Adjusted selling, general and administrative expenses2	60,388		80,960		141,348
Adjusted EBITDA	$	49,503	$	46,117	$	95,620

	Twelve Months Ended December 31, 2023
	IHT		MS		Total
Revenues	$	429,559	$	433,056	$	862,615
Adjusted operating expenses1	331,481		305,062		636,543
Adjusted selling, general and administrative expenses2	60,023		80,541		140,564
Adjusted EBITDA	$	38,055	$	47,453	$	85,508

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1    Represent operating expenses excluding indirect depreciation and amortization, and severance cost.

2    Represent segment selling, general and administrative expenses excluding depreciation and amortization, noncash share based compensation, professional, legal and other non-recurring costs.

Reconciliation of segment adjusted EBITDA to consolidated loss before income taxes:

	Twelve Months Ended December 31,
	2024		2023
IHT	$	49,503	$	38,055
MS	46,117		47,453
Segment adjusted EBITDA	95,620		85,508
Segment depreciation and amortization	(29,839)		(31,157)
Segment professional fees, severance and other	(1,482)		(2,372)
Corporate and shared support cost	(54,163)		(65,255)
Consolidated operating income/(loss)	10,136		(13,276)
Interest expense	(47,808)		(55,181)
Loss on debt extinguishment	—		(1,585)
Other income/(expense)	2,682		(1,102)
Loss before income taxes	$	(34,990)	$	(71,144)

	Twelve Months Ended December 31,
	2024		2023
Capital expenditures1:
IHT	$	3,675	$	5,373
MS	3,691		5,052
Corporate and shared support services	132		9
Total capital expenditures	$	7,498	$	10,434

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1    Excludes finance leases. Totals may vary from amounts presented in the consolidated statements of cash flows due to the timing of cash payments.

	Twelve Months Ended December 31,
	2024		2023
Depreciation and amortization1:
IHT	$	11,778	$	12,402
MS	18,061		18,755
Corporate and shared support services	6,456		6,715
Total depreciation and amortization	$	36,295	$	37,872

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1    Breakdown of depreciation and amortization included in the Consolidated Statements of Operations described below:

	Twelve Months Ended December 31,
	2024		2023
Depreciation and amortization:
Amount included in operating expenses	$	13,730	$	14,555
Amount included in SG&A expenses	22,565		23,317
Total depreciation and amortization	$	36,295	$	37,872

Summary of Geographic Breakdown of Revenues and Total Long-Lived Assets

A geographic breakdown of our revenues for the years ended December 31, 2024 and 2023 and our total long-lived assets as of December 31, 2024 and 2023 are as follows (in thousands):

	Total Revenues1		Total Long-lived Assets2
Twelve months ended December 31, 2024
United States	$	637,662	$	182,971
Canada	66,940		5,221
Other foreign countries	147,670		15,292
Total	$	852,272	$	203,484
Twelve months ended December 31, 2023
United States	$	623,763	$	210,427
Canada	84,870		4,755
Other foreign countries	153,982		15,066
Total	$	862,615	$	230,248

 ______________

1    Revenues attributable to individual countries/geographic areas are based on the country of domicile of the legal entity that performs the work.

2    Excludes financial instruments and deferred tax assets.