Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The carrying amounts of the major classes of assets and liabilities, which are classified as held for sale in the consolidated balance sheets, are as follows:

(in thousands)	March 31, 2021		December 31, 2020
ASSETS
Inventory	$	3,651	$	5,746
Prepaid expenses and other	42,942		47,003
Property, plant and equipment, net	299,246		299,647
Intangible assets, net	166,103		176,459
Goodwill	146,383		146,383
Operating lease right-of-use assets	420,410		421,586
Deferred charges and other assets	38,793		36,470
Current assets held for sale	$	1,117,528	$	1,133,294
LIABILITIES
Current operating lease liabilities	$	398,340	$	409,887
Accrued liabilities and other	10,775		8,770
Asset retirement obligations	33,974		33,545
Current liabilities held for sale	$	443,089	$	452,202

Income from discontinued operations, net of tax in the consolidated statements of comprehensive income consist of the following:

(in thousands)	Three Months Ended March 31,
Revenue:	2021		2020
Service revenue and other	$	100,674	$	91,388
Equipment revenue	6,399		12,750
Total revenue	107,073		104,138
Operating expenses:
Cost of services	19,427		33,439
Cost of goods sold	6,221		12,528
Selling, general and administrative	10,702		8,930
Restructuring expense	211		—
Depreciation and amortization	—		24,826
Total operating expenses	36,561		79,723
Operating income	70,512		24,415
Other (expense) income:
Interest expense	(4,384)		(6,228)
Income before income taxes	66,128		18,187
Income tax expense	17,656		5,057
Income from discontinued operations, net of tax	$	48,472	$	13,130