v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents segment revenues, significant segment expenses and segment contribution with a reconciliation to (Loss) income before income taxes for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In thousands)
Segment revenues:
Warehouse(1)
$603,573 $602,651 $1,181,486 $1,187,638 
Transportation59,317 48,097 111,274 92,090 
Total revenues662,890 650,748 1,292,760 1,279,728 
Significant Segment Expenses:
Warehouse(1):
Power38,114 35,544 71,937 67,255 
Other facilities costs(2)
60,379 61,804 121,602 121,527 
Labor254,904 253,853 507,622 501,297 
Other services costs(2)
48,441 48,536 91,884 96,051 
Total warehouse cost of operations
401,838 399,737 793,045 786,130 
Transportation services cost of operations48,365 39,355 91,519 76,094 
Total segment expenses $450,203 $439,092 $884,564 $862,224 
Segment contribution:
Warehouse(1)
201,735 202,914 388,441 401,508 
Transportation10,952 8,742 19,755 15,996 
Total segment contribution212,687 211,656 408,196 417,504 
Depreciation and amortization expense(102,931)(90,462)(194,591)(179,444)
Selling, general, and administrative expense(62,864)(66,907)(134,183)(136,142)
Transactions, strategic initiatives and other costs, net(28,470)(23,226)(48,915)(48,640)
Impairment of long-lived assets(309,572)(5,226)(309,572)(5,226)
Net gain from sale of real estate3,316 11,760 5,521 11,760 
Interest expense(42,300)(38,245)(83,819)(74,362)
Loss from investments in partially owned entities(520)(335)(932)(1,698)
Other, net6,928 5,775 14,311 7,071 
(Loss) income before income taxes$(323,726)$4,790 $(343,984)$(9,177)
(1)Prior period Warehouse segment financial results have been recast to include the Company’s former Third-Party Managed reportable segment.
(2)Certain immaterial prior period amounts have been reclassified to conform to the current period presentation.