Table of Content 17. SEGMENT AND GEOGRAPHIC DISCLOSURES ASC 280, Segment Reporting, requires us to disclose certain information about our operating segments. Operating segments are defined as "components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.” We conduct operations in two segments: IHT and MS. Segment data for our two operating segments are as follows (in thousands): Twelve Months Ended December 31, 2023 2022 Revenues: IHT $ 429,559 $ 422,562 MS 433,056 417,646 Total Revenues $ 862,615 $ 840,208 Twelve Months Ended December 31, 2023 2022 Operating income (loss): IHT $ 24,220 $ 17,093 MS 27,759 20,930 Corporate and shared support services (65,255) (77,825) Total Operating income (loss) $ (13,276) $ (39,802) Twelve Months Ended December 31, 2023 2022 1 Capital expenditures : IHT $ 5,373 $ 13,939 MS 5,052 5,013 Corporate and shared support services 9 84 Total Capital expenditures $ 10,434 $ 19,036 ______________ 1 Excludes finance leases. Totals may vary from amounts presented in the consolidated statements of cash flows due to the timing of cash payments. Twelve Months Ended December 31, 2023 2022 Depreciation and amortization: IHT $ 12,402 $ 12,391 MS 18,755 19,021 Corporate and shared support services 6,715 5,041 Total Depreciation and amortization $ 37,872 $ 36,453 Separate measures of our assets by operating segment are not produced or utilized by management to evaluate segment performance. 66