v3.25.2
Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Summary Of Major Classes Of Line Items Constituting Discontinued Operations

The major classes of line items constituting discontinued operations in the accompanying unaudited condensed consolidated statements of income were as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Commissions and fees

 

$

-

 

 

$

11,576

 

 

$

-

 

 

$

17,652

 

Other, net

 

 

-

 

 

 

844

 

 

 

-

 

 

 

1,648

 

Total revenues

 

 

-

 

 

 

12,420

 

 

 

-

 

 

 

19,300

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Contract acquisition costs

 

 

-

 

 

 

15,724

 

 

 

-

 

 

 

29,257

 

Impairment of goodwill and other long-lived assets

 

 

-

 

 

 

253,607

 

 

 

-

 

 

 

253,607

 

Other operating expenses

 

 

-

 

 

 

8,061

 

 

 

-

 

 

 

15,561

 

Total expenses

 

 

-

 

 

 

277,392

 

 

 

-

 

 

 

298,425

 

Loss before income taxes

 

 

-

 

 

 

(264,972

)

 

 

-

 

 

 

(279,125

)

Income tax benefit

 

 

-

 

 

 

56,841

 

 

 

-

 

 

 

60,484

 

   Loss from discontinued operations, net of income taxes

 

$

-

 

 

$

(208,131

)

 

$

-

 

 

$

(218,641

)

Summary Of Total Operating And Investing Cash Flows Of The Discontinued Operations

Total operating and investing cash flows of the discontinued operations were as follows, which excludes the Company’s use of $15.9 million of the total income tax benefit recognized on disposal to offset federal income tax payments during the six months ended June 30, 2025:

 

 

Six months ended June 30,

 

 

 

2025

 

 

2024

 

 

 

(In thousands)

 

Net cash provided by (used in) operating activities

 

$

-

 

 

$

5,049

 

Net cash provided by (used in) investing activities

 

$

-

 

 

$

(53

)