v3.25.1
DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
Details of net loss from discontinued operations, net of taxes, are as follows (in thousands):
Three months ended March 31,
20252024
Costs and expenses
General and administrative$4,972 $7,835 
Research and development— 11,745 
Restructuring charge1,092 62 
Share of net loss of equity method investee
425 156 
Total costs and expenses
6,489 19,798 
Loss from discontinued operations(6,489)(19,798)
Gain on disposal of property and equipment
5,675 — 
Change in held for sale valuation allowance363 — 
Other (loss) income, net
(10,135)2,413 
Loss from discontinued operations before income taxes(10,586)(17,385)
Income tax expense
(1,518)— 
Net loss from discontinued operations, net of tax$(12,104)$(17,385)
Details of the assets and liabilities of discontinued operations classified as held for sale in the condensed consolidated balance sheets are as follows (in thousands):
March 31, 2025December 31, 2024
Other current assets$1,274 $8,926 
Property and equipment, net32,358 52,765 
Intangible assets, net1,822 1,625 
Investments— 515 
Right-of-use asset under operating leases
2,858 1,078 
Current assets of discontinued operations$38,312 $64,909 
Accounts payable$2,144 $2,566 
Accrued liabilities and other14,689 5,764 
Operating lease liability15,799 15,136 
Other current liabilities7,572 27,543 
Current liabilities of discontinued operations$40,204 $51,009 
The cash flows related to discontinued operations have not been segregated and are included in the condensed consolidated statements of cash flows. Cash flow and non-cash information for the discontinued operations are as follows (in thousands):
Three months ended March 31,
20252024
Depreciation $— $1,961 
Amortization— 38 
Capital expenditures2,510 21,455 
Proceeds from the return of property and equipment deposits1,202 19,021 
Accrued purchases of property and equipment and intangible assets101 9,981