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Business Segments (Tables)
12 Months Ended
Dec. 31, 2023
Business Segments  
Schedule of segment reporting information

2023

    

HFS – South

    

Government

    

All Other

    

Total

Revenue

$

148,677

$

403,724

$

11,207

(a)  

$

563,608

Adjusted gross profit

$

51,444

$

332,480

$

(1,974)

$

381,950

Capital expenditures

$

33,729

$

30,363

$

514

Total Assets

$

184,453

$

207,409

$

30,987

$

422,849

2022

    

HFS – South

    

Government

    

All Other

    

Total

Revenue

$

132,373

$

360,294

$

9,318

(a)  

$

501,985

Adjusted gross profit

$

54,558

$

246,598

$

(1,195)

$

299,961

Capital expenditures

$

8,686

$

130,871

$

339

Total Assets

$

176,637

$

217,029

$

34,722

$

428,388

2021

    

HFS – South

    

Government

    

All Other

    

Total

Revenue

$

116,958

$

156,250

$

18,129

(a)  

$

291,337

Adjusted gross profit

$

52,344

$

94,801

$

7,814

$

154,959

Capital expenditures

$

8,835

$

27,525

$

207

(a)

Revenues from operating segments below the quantitative thresholds are reported in the “All Other” category previously described.

Schedule of reconciliation of total segment adjusted gross profit

    

December 31, 2023

    

December 31, 2022

    

December 31, 2021

Total reportable segment adjusted gross profit

$

383,924

$

301,156

$

147,145

Other adjusted gross profit

(1,974)

(1,195)

7,814

Depreciation and amortization

(83,977)

(67,665)

(70,519)

Selling, general, and administrative expenses

(56,126)

(57,893)

(46,461)

Other income (expense), net

(1,241)

(36)

(880)

Loss on extinguishment of debt

(2,279)

-

-

Interest expense, net

(22,639)

(36,323)

(38,704)

Change in fair value of warrant liabilities

9,062

(31,735)

(1,067)

Consolidated income (loss) before income taxes

$

224,750

$

106,309

$

(2,672)

Schedule of reconciliation of total segment assets to total combined assets

    

2023

2022

Total reportable segment assets

$

391,862

$

393,666

Other assets

32,871

36,399

Other unallocated amounts

269,620

341,662

Total Assets

$

694,353

$

771,727

Schedule of unallocated assets consist of the following as reported in the combined balance sheets

    

December 31,

December 31,

2023

2022

Total current assets

$

180,500

$

236,379

Other intangible assets, net

66,282

75,182

Operating lease right-of-use assets, net

19,698

27,298

Deferred financing costs revolver, net

2,479

896

Other non-current assets

661

1,907

Total other unallocated amounts of assets

$

269,620

$

341,662