The following table summarizes the significant line items included in earnings from discontinued operations, net of income tax in the condensed consolidated and combined statements of operations for the three months ended March 31, 2024 and 2023: | | | | | | | | | | | | | Three Months Ended March 31, | | 2024 | | 2023 | | Revenues | $ | 65.7 | | | $ | 69.8 | | | Costs and expenses: | | | | | Direct costs, exclusive of depreciation and amortization | 41.4 | | | 46.1 | | | Selling, general and administrative expenses, exclusive of depreciation and amortization | 15.6 | | | 15.0 | | | Depreciation and amortization | 1.6 | | | 2.2 | | | Long-lived and goodwill asset impairments | 24.0 | | | — | | | Restructuring and other charges | 0.5 | | | 0.6 | | | Total costs and expenses | 83.1 | | | 63.9 | | | Operating income (loss) | (17.4) | | | 5.9 | | | Other expense: | | | | | | | | | Foreign exchange gain (loss) | — | | | (0.3) | | | | | | | Income (loss) from discontinued operations before income taxes | (17.4) | | | 5.6 | | | Provision for income taxes | 3.8 | | | 1.1 | | | Income (loss) from discontinued operations, net of tax | $ | (21.2) | | | $ | 4.5 | |
The following table summarizes the carrying value of the significant classes of assets and liabilities classified as discontinued operations as of March 31, 2024 and December 31, 2023: | | | | | | | | | | | | | March 31,
2024 | | December 31,
2023 | | ASSETS | | | | | Current assets: | | | | | Cash and cash equivalents | $ | — | | | $ | — | | | Accounts receivable and unbilled services, net | 66.6 | | | 60.4 | | | Prepaid expenses and other | 8.3 | | | 8.7 | | | Total current assets | 74.9 | | | 69.1 | | | Property, plant and equipment, net | 43.2 | | | 40.6 | | | Goodwill, net | 252.5 | | | 276.5 | | | Intangible assets, net | 42.6 | | | 43.1 | | | | | | | Other assets, net | 6.8 | | | 8.6 | | | Total assets of discontinued operations | $ | 420.0 | | | $ | 437.9 | | | LIABILITIES | | | | | Current liabilities: | | | | | Accounts payable | $ | 4.7 | | | $ | 4.5 | | | Accrued expenses and other current liabilities | 12.3 | | | 17.3 | | | Unearned revenue | 31.9 | | | 28.4 | | | Short-term operating lease liabilities | 2.3 | | | 2.3 | | | Total current liabilities | $ | 51.2 | | | $ | 52.5 | | | Operating lease liabilities | 3.1 | | | 3.7 | | | | | | | Other liabilities | 28.4 | | | 27.9 | | | Total liabilities of discontinued operations | $ | 82.7 | | | $ | 84.1 | |
| | | | | | | | | | | | | Three Months Ended March 31, | | 2024 | | 2023 | | Depreciation and amortization | $ | 1.6 | | | $ | 2.2 | | | Capital expenditures | $ | 3.7 | | | $ | 4.3 | |
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