| Schedule of Segment Information |
The Company's segment information is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | For the years ended December 31, | | | 2025 | | 2024 | | 2023 | | Revenues | | $ | 1,112,275 | | | $ | 786,256 | | | $ | 544,020 | | | Costs and operating expenses: | | | | | | | Segment costs (a) | | 900,759 | | | 641,298 | | | 431,412 | | Depreciation and amortization (b) | | 39,160 | | | 25,500 | | | 16,080 | | Allocated corporate cost (c) | | 24,020 | | | 18,071 | | | 12,411 | | Unallocated corporate costs (d) | | 58,741 | | | 42,631 | | | 33,972 | | Total costs and operating expenses | | 1,022,680 | | | 727,500 | | | 493,875 | | Operating income | | 89,595 | | | 58,756 | | | 50,145 | | | Interest expense, net | | 20,556 | | | 34,947 | | | 31,085 | | Provision for income taxes | | 15,546 | | | 4,407 | | | 4,495 | | (Loss) income from discontinued operations, net of tax | | (41,790) | | | (4,078) | | | 24,569 | | Net income | | $ | 11,703 | | | $ | 15,324 | | | $ | 39,134 | |
| | | | | | | | | | | | | | | | | | | | | | | | (a) Segment costs consist of material, labor, overhead, and selling, general, and administrative costs attributable to the Aviation segment. | (b) This line item includes only depreciation and amortization attributable to the Aviation segment. | (c) Primarily includes costs for information technology, human resources, accounting, and legal support services allocated to the Aviation segment. | (d) Primarily includes earn-out receivable fair value adjustments and corporate costs for acquisition, integration and restructuring activities. |
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| Schedule of Revenue by Geographic Areas |
Revenue by geography is based on the billing address of the customer. Revenue by geographic area is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | For the years ended December 31, | | | | 2025 | | 2024 | | 2023 | | United States | | $ | 629,665 | | | $ | 492,297 | | | $ | 340,915 | | Canada | | 149,034 | | | 107,305 | | | 72,448 | | Other Countries (a) | | 333,576 | | | 186,654 | | | 130,657 | | | Total revenue | | $ | 1,112,275 | | | $ | 786,256 | | | $ | 544,020 | |
(a) No individual country, other than disclosed above, exceeded 10% of the Company's total revenue for any period presented.
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