Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 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)	June 30, 2021		December 31, 2020
ASSETS
Inventory	$	1,823	$	5,746
Prepaid expenses and other	42,562		47,003
Property, plant and equipment, net	298,471		299,647
Intangible assets, net	155,748		176,459
Goodwill	146,383		146,383
Operating lease right-of-use assets	417,754		421,586
Deferred charges and other assets	38,452		36,470
Current assets held for sale	$	1,101,193	$	1,133,294
LIABILITIES
Current operating lease liabilities	$	383,633	$	409,887
Accrued liabilities and other	5,202		8,770
Asset retirement obligations	34,173		33,545
Current liabilities held for sale	$	423,008	$	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 June 30,				Six Months Ended June 30,
Revenue:	2021		2020		2021		2020
Service revenue and other	$	100,402	$	110,138	$	201,076	$	201,526
Equipment revenue	5,854		9,610		12,253		22,360
Total revenue	106,256		119,748		213,329		223,886
Operating expenses:
Cost of services	18,717		33,192		38,144		66,631
Cost of goods sold	5,743		9,437		11,964		21,965
Selling, general and administrative	6,812		9,348		17,514		18,278
Restructuring expense	254		—		465		—
Depreciation and amortization	—		22,901		—		47,727
Total operating expenses	31,526		74,878		68,087		154,601
Operating income	74,730		44,870		145,242		69,285
Other (expense) income:
Interest expense	(4,317)		(4,742)		(8,701)		(10,970)
Income before income taxes	70,413		40,128		136,541		58,315
Income tax expense	18,847		10,345		36,503		15,402
Income from discontinued operations, net of tax	$	51,566	$	29,783	$	100,038	$	42,913