Discontinued operations (Tables)

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations, Including Balance Sheet and Income Statement

The carrying amounts of the major classes of assets and liabilities of discontinued operations included in the Company's Consolidated Balance Sheet at March 31, 2024 were as follows:

	March 31, 2024
Assets	(In Thousands)
Current assets:
Cash, cash equivalents and restricted cash	$	16,572
Receivables, net	692,887
Inventories	43,646
Prepayments and other current assets	17,381
Total current assets of discontinued operations	770,486
Noncurrent assets:
Net property, plant and equipment	118,608
Goodwill	143,223
Other intangible assets, net	1,482
Investments	10,822
Operating lease right-of-use assets	54,752
Other	23,957
Total noncurrent assets of discontinued operations	352,844
Total assets of discontinued operations	$	1,123,330
Liabilities
Current liabilities:
Accounts payable	306,835
Taxes payable	23,318
Accrued compensation	31,376
Operating lease liabilities due within one year	21,397
Other accrued liabilities	56,170
Total current liabilities of discontinued operations	439,096
Noncurrent liabilities:
Long-term debt	132,000
Deferred income taxes	6,405
Operating lease liabilities	33,717
Other	9,709
Total noncurrent liabilities of discontinued operations	181,831
Total liabilities of discontinued operations	$	620,927

The reconciliation of the major classes of income and expense constituting pretax loss from discontinued operations to the after-tax loss from discontinued operations on the Consolidated Statements of Income were as follows:

	Three Months Ended
	March 31,
	2025		2024
	(In thousands)
Operating revenues	$	—	$	625,550
Operating expenses	600		586,259
Operating (loss) income	(600)		39,291
Other income	—		1,878
Interest expense	—		2,195
(Loss) income from discontinued operations before income taxes	(600)		38,974
Income tax (benefit) expense	(98)		12,811
Discontinued operations, net of tax	$	(502)	$	26,163