v3.25.2
Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
The following table summarizes the results of operations of marketing technology solutions reported as discontinued operations:
Three months ended
June 30,		Six months ended
June 30,
2025202420252024
(in thousands)
Total revenues
$34,536 $36,870 $63,168 $69,131 
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization presented separately below)26,107 29,786 46,768 55,078 
Sales and marketing2,583 1,993 5,285 4,197 
Product development1,423 936 2,509 1,830 
General and administrative2,436 2,942 4,719 5,091 
Depreciation and amortization— 2,037 1,191 4,084 
(Gain) loss on held for sale and impairments
(412)— 9,021 (11)
Total operating expenses32,137 37,694 69,493 70,269 
Operating income (loss)
2,399 (824)(6,325)(1,138)
Other income, net
— — 3 — 
Net income (loss) before income tax benefit
2,399 (824)(6,322)(1,138)
Income tax (expense) benefit
(7)— 67 — 
Income (loss) from discontinued operations, net of income tax
$2,392 $(824)$(6,255)$(1,138)
The components of assets and liabilities classified as held for sale on our condensed consolidated balance sheets were as follows:
June 30,December 31,
20252024
(in thousands)
Assets:
Accounts receivable, net11,121 9,065 
Contract assets467 474 
Prepaid expenses and other current assets1,711 1,883 
Property and equipment, net515 529 
Capitalized software, net2,451 2,071 
Other non-current assets3,268 3,359 
Intangible assets, net14,670 15,668 
Goodwill16,288 23,152 
Total assets50,491 56,201 
Valuation allowance(2,155)— 
Assets held for sale$48,336 $56,201 
Liabilities:
Accounts payable$497 $1,442 
Accrued expenses and other7,532 7,659 
Deferred revenue4,089 3,009 
Customer deposits21 2,188 
Other long-term liabilities579 973 
Liabilities held for sale12,718 15,271 
Assets held for sale, net$35,618 $40,930 
The following table presents the significant non-cash items related to discontinued operations that are included in the accompanying statements of cash flows:
Three months ended
June 30,		Six months ended
June 30,
2025202420252024
(in thousands)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization$— $2,037 $1,191 $4,084 
Share-based compensation200 207 382 373 
(Gain) loss on assets held for sale and impairments
(412)— 9,021 (11)