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Segments | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Segments | Segments As previously described in our Annual Report on Form 10-K for the year ended December 31, 2019, the Company historically managed and reported our operating results through two reportable segments, defined by geographic regions: North America and International. In the first quarter of 2020, we evaluated the identification of our operating and reportable segments based upon changes in business models, management reporting, and how the Chief Operating Decision Maker (CODM) is currently allocating resources, assessing performance and reviewing financial information. We determined that these changes caused the composition of our reportable segments to change and that Brazil represented a third operating and reportable segment, which was previously reported in the International segment. We now manage and report our operating results through three operating and reportable segments defined by geographic regions: North America, Brazil and International, which aligns with how the CODM allocates resources, assesses performance and reviews financial information. This change in reporting segments did not impact our determination of reporting units. The Company’s segment results are as follows as of and for the years ended December 31 (in thousands):
|  | 2020 |  | 2019 |  | 2018 1
Revenues, net: |  |  |  |  |  |
North America |  | $ | 1,581,547 |  |  | $ | 1,708,546 |  |  | $ | 1,571,466 |
Brazil |  | 344,248 |  |  | 427,921 |  |  | 400,111 |
International |  | 463,060 |  |  | 512,381 |  |  | 461,915 |
|  | $ | 2,388,855 |  |  | $ | 2,648,848 |  |  | $ | 2,433,492 |
Operating income: |  |  |  |  |  |
North America |  | $ | 547,912 |  |  | $ | 754,528 |  |  | $ | 674,477 |
Brazil |  | 148,055 |  |  | 175,642 |  |  | 158,722 |
International |  | 276,298 |  |  | 301,260 |  |  | 257,499 |
|  | $ | 972,265 |  |  | $ | 1,231,430 |  |  | $ | 1,090,698 |
Depreciation and amortization: |  |  |  |  |  |
North America |  | $ | 156,417 |  |  | $ | 160,246 |  |  | $ | 154,405 |
Brazil |  | 51,364 |  |  | 64,936 |  |  | 67,167 |
International |  | 47,021 |  |  | 49,028 |  |  | 53,037 |
|  | $ | 254,802 |  |  | $ | 274,210 |  |  | $ | 274,609 |
Capital expenditures: |  |  |  |  |  |
North America |  | $ | 48,426 |  |  | $ | 44,238 |  |  | $ | 36,514 |
Brazil |  | 17,116 |  |  | 18,330 |  |  | 22,056 |
International |  | 12,883 |  |  | 12,602 |  |  | 22,817 |
|  | $ | 78,425 |  |  | $ | 75,170 |  |  | $ | 81,387 |
Long-lived assets (excluding goodwill and investments): |  |  |  |  |  |
North America |  | $ | 1,790,661 |  |  | $ | 1,860,708 |  |  | $ | 1,799,149 |
Brazil |  | 341,242 |  |  | 487,464 |  |  | 541,891 |
International |  | 379,697 |  |  | 418,311 |  |  | 400,703 |
|  | $ | 2,511,600 |  |  | $ | 2,766,483 |  |  | $ | 2,741,743 |
1 The Company applied the modified retrospective transition method when adopting ASC 842, therefore the Company's 2018 prior period results were not restated to reflect ASC 842. The following table presents the Company's long-lived assets (excluding goodwill and investments) at December 31 (in thousands).
|  | 2020 |  | 2019
Long-lived assets (excluding goodwill): |  |  |  |
United States (country of domicile) |  | $ | 1,547,423 |  |  | $ | 1,860,708 |
Brazil |  | 341,242 |  |  | 487,464 |
United Kingdom |  | 269,556 |  |  | 282,351 |
More than 10% of our revenues in 2020, 2019 and 2018 were derived through our relationship with our open-loop network partner in our North American segment.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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