Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Carrying Amount of Net Assets Classified as Held for Sale

The following table presents the major classes of assets and liabilities of discontinued operations for PGSC and RRC as of December 31, 2023:

(in thousands)	December 31, 2023
Accounts receivable – net	$	20,703
Other current assets	987
Total current assets	21,690
Noncurrent assets	2,785
Total assets of discontinued operations	$	24,475
Accounts payable	4,209
Accrued salaries and benefits	5,013
Accrued expenses	6,910
Other current liabilities	246
Total current liabilities	16,378
Noncurrent liabilities	1,710
Total liabilities of discontinued operations	$	18,088

The following table presents the major categories of income from discontinued operations:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2024		2023		2024		2023
Contract revenue	$	—	$	38,433	$	66,540	$	101,301
Contract cost of sales	—		(34,506)		(60,218)		(91,970)
Operating income from discontinued operations	—		3,927		6,322		9,331
General and administrative expense	177		(67)		(693)		(80)
Other expense, net	—		(111)		—		(221)
Gain on sale of discontinued operations	451		—		77,205		—
Income from discontinued operations before provision for income taxes	628		3,749		82,834		9,030
Benefit from (provision for) income taxes	204		(31)		(2,147)		(57)
Net income from discontinued operations	$	832	$	3,718	$	80,687	$	8,973

The following table presents select non-cash operating and investing activities related to cash flows from discontinued operations:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2024		2023		2024		2023
Depreciation and amortization	$	—	$	116	$	200	$	347
Capital expenditures	—		156		233		370
Stock-based compensation	50		37		1,004		98