v3.24.2.u1
Segments (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Financial Metrics by Segment The following table represents financial metrics by segment (in thousands):
Contract
Services
Other
Services
Total
Three Months Ended June 30, 2024
Revenue$276,250 $33,403 $309,653 
Gross margin107,454 5,467 112,921 
Total assets4,405,861 33,419 4,439,280 
Capital expenditures117,033 — 117,033 
Three Months Ended June 30, 2023
Revenue$181,619 $21,687 $203,306 
Gross margin71,172 3,588 74,760 
Total assets3,219,556 41,807 3,261,363 
Capital expenditures45,453 — 45,453 
Contract
Services
Other
Services
Total
Six Months Ended June 30, 2024
Revenue$469,649 $55,496 $525,145 
Gross margin188,027 9,876 197,903 
Total assets4,405,861 33,419 4,439,280 
Capital expenditures177,186 — 177,186 
Six Months Ended June 30, 2023
Revenue$359,316 $34,102 $393,418 
Gross margin141,202 7,015 148,217 
Total assets3,219,556 41,807 3,261,363 
Capital expenditures94,034 — 94,034 
Schedule of Total Gross Margin to Income Before Income Taxes
The following table reconciles total gross margin to income before income taxes (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Total gross margin$112,921 $74,760 $197,903 $148,217 
Selling, general and administrative expenses(59,927)(13,438)(84,751)(26,523)
Gain on sale of property, plant and equipment1,173 738 1,173 721 
Interest expense, net(52,133)(73,658)(91,873)(142,320)
Gain on derivatives6,797 34,934 26,554 26,939 
Other income218 32 150 1 
Income before income taxes$9,049 $23,368 $49,156 $7,035