| Schedule of Discontinued Operations |
The following tables present the results of the former Tank and Pump segment and the former UK Storage Solutions segment as reported in income from discontinued operations within the consolidated statements of operations. The 2022 results for the former Tank and Pump segment represent results for the nine months ended September 30, 2022 as the Company sold the former Tank and Pump segment on September 30, 2022. The 2023 results for the former UK Storage Solutions segment represent results for one month as the Company sold the former UK Storage Solutions segment on January 31, 2023. | | | | | | | Year Ended December 31, 2023 | | (in thousands) | UK Storage Solutions | | Revenues: | | | Leasing and services revenue: | | | Leasing | $ | 6,389 | | | Delivery and installation | 1,802 | | | Sales revenue: | | | New units | 54 | | | Rental units | 449 | | | Total revenues | 8,694 | | | Costs: | | | Costs of leasing and services: | | | Leasing | 1,407 | | | Delivery and installation | 1,213 | | | Costs of sales: | | | New units | 38 | | | Rental units | 492 | | | | | Gross profit | 5,544 | | | Expenses: | | | Selling, general and administrative | 1,486 | | | | | | | | | Other income, net | (1) | | | Operating income | 4,059 | | | Interest expense | 56 | | | Income from discontinued operations before income tax | 4,003 | | | Gain on sale of discontinued operations | 175,708 | | | Income tax expense from discontinued operations | 45,468 | | | Income from discontinued operations | $ | 134,243 | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, 2022 | | (in thousands) | Tank and Pump | | UK Storage Solutions | | Total | | Revenues: | | | | | | | Leasing and services revenue: | | | | | | | Leasing | $ | 65,572 | | | $ | 79,772 | | | $ | 145,344 | | | Delivery and installation | 27,665 | | | 22,876 | | | 50,541 | | | Sales revenue: | | | | | | | New units | 2,202 | | | 1,106 | | | 3,308 | | | Rental units | 917 | | | 1,455 | | | 2,372 | | | Total revenues | 96,356 | | | 105,209 | | | 201,565 | | | Costs: | | | | | | | Costs of leasing and services: | | | | | | | Leasing | 13,828 | | | 16,737 | | | 30,565 | | | Delivery and installation | 23,285 | | | 14,867 | | | 38,152 | | | Costs of sales: | | | | | | | New units | 1,636 | | | 738 | | | 2,374 | | | Rental units | 310 | | | 1,012 | | | 1,322 | | | Depreciation of rental equipment | 8,145 | | | 4,254 | | | 12,399 | | | Gross profit | 49,152 | | | 67,601 | | | 116,753 | | | Expenses: | | | | | | | Selling, general and administrative | 18,045 | | | 21,795 | | | 39,840 | | | Other depreciation and amortization | 6,103 | | | 5,906 | | | 12,009 | | | | | | | | | Currency losses, net | — | | | 138 | | | 138 | | | Other expense (income), net | 4 | | | (7) | | | (3) | | | Operating income | 25,000 | | | 39,769 | | | 64,769 | | | Interest expense | 512 | | | 789 | | | 1,301 | | | Income from discontinued operations before income tax | 24,488 | | | 38,980 | | | 63,468 | | | Income tax expense from discontinued operations | 843 | | | 34,882 | | | 35,725 | | | Gain on sale of discontinued operations | 35,456 | | | — | | | 35,456 | | | Income from discontinued operations | $ | 59,101 | | | $ | 4,098 | | | $ | 63,199 | |
For the year ended December 31, 2022, significant operating and investing items related to the former Tank and Pump segment were as follows: | | | | | | | Years Ended December 31, | (in thousands) | 2022 | | Operating activities of discontinued operations: | | | Depreciation and amortization | $ | 14,248 | | | | | Investing activities of discontinued operations: | | | Proceeds from sale of rental equipment | $ | 918 | | | Purchases of rental equipment and refurbishments | $ | (21,831) | | | | | Purchases of property, plant and equipment | $ | (525) | |
For the years ended December 31, 2023 and 2022, significant operating and investing items related to the UK Storage Solutions segment were as follows: | | | | | | | | | | | | | Years Ended December 31, | (in thousands) | 2023 | | 2022 | | Operating activities of discontinued operations: | | | | | Depreciation and amortization | $ | — | | | $ | 10,160 | | | | | | | Investing activities of discontinued operations: | | | | | Proceeds from sale of rental equipment | $ | 514 | | | $ | 1,455 | | | Purchases of rental equipment and refurbishments | $ | (371) | | | $ | (23,931) | | | Proceeds from sale of property, plant and equipment | $ | 8 | | | $ | 504 | | | Purchases of property, plant and equipment | $ | (64) | | | $ | (3,752) | |
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