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Segment Reporting | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Reporting | 12.SEGMENT REPORTING The Company’s revenues are generated from the collection, transfer, recycling and disposal of non-hazardous solid waste and the treatment, recovery and disposal of non-hazardous E&P waste. No single contract or customer accounted for more than 10% of the Company’s total revenues at the consolidated or reportable segment level during the periods presented. Prior to July 2020, the Company managed its operations through five geographic solid waste operating segments and its E&P segment, which were also its reportable segments. As of July 2020, the Company’s chief operating decision maker determined that the Company’s E&P and Southern operating segments met all the aggregation criteria and eliminated the E&P segment by combining all operations of the E&P segment into the Southern segment. After giving effect to this combination, the Company’s reportable segments consist of its five geographic solid waste operating segments. Each operating segment is responsible for managing several vertically integrated operations, which are comprised of districts. The segment information presented herein reflects the realignment of these districts. Segment results for the 2019 periods reflected in this report have been reclassified to reflect the realignment of the Company’s reportable segments for comparison with the same period in 2020. Under the current orientation, the Company’s Eastern segment services customers located in northern Illinois, Kentucky, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, eastern Tennessee, Vermont, Virginia and Wisconsin; the Company’s Southern segment services customers located in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, New Mexico, North Dakota, southern Oklahoma, western Tennessee, Texas, Wyoming and along the Gulf of Mexico; the Company’s Western segment services customers located in Alaska, California, Idaho, Montana, Nevada, Oregon, Washington and western Wyoming; the Company’s Central segment services customers located in Arizona, Colorado, southern Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, South Dakota, western Texas, Utah and eastern Wyoming; and the Company’s Canada segment services customers located in the state of Michigan and in the provinces of Alberta, British Columbia, Manitoba, Ontario, Québec and Saskatchewan. The Company’s Chief Operating Decision Maker evaluates operating segment profitability and determines resource allocations based on several factors, of which the primary financial measure is segment EBITDA. The Company defines segment EBITDA as earnings before interest, taxes, depreciation, amortization, impairments and other operating items, and other income (expense). Segment EBITDA is not a measure of operating income, operating performance or liquidity under GAAP and may not be comparable to similarly titled measures reported by other companies. The Company’s management uses segment EBITDA in the evaluation of segment operating performance as it is a profit measure that is generally within the control of the operating segments. A reconciliation of segment EBITDA to Income before income tax provision is included at the end of this Note 12. Summarized financial information concerning the Company’s reportable segments for the three and nine months ended September 30, 2020 and 2019, is shown in the following tables: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended |  | ​ | ​ |  | Intercompany |  | Reported |  | Segment
September 30, 2020 | ​ | Revenue | ​ | Revenue(b) | ​ | Revenue | ​ | EBITDA(c)
Eastern | ​ | $ | 413,499 | ​ | $ | (69,146) | ​ | $ | 344,353 | ​ | $ | 90,991
Southern | ​ | ​ | 375,636 | ​ | ​ | (45,061) | ​ | ​ | 330,575 | ​ | ​ | 81,394
Western | ​ |  | 337,768 | ​ |  | (36,547) | ​ |  | 301,221 | ​ |  | 101,071
Central | ​ |  | 262,458 | ​ |  | (33,892) | ​ |  | 228,566 | ​ |  | 82,887
Canada | ​ |  | 210,577 | ​ |  | (25,740) | ​ |  | 184,837 | ​ |  | 72,516
Corporate(a) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (4,132)
​ | ​ | $ | 1,599,938 | ​ | $ | (210,386) | ​ | $ | 1,389,552 | ​ | $ | 424,727
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended |  | ​ | ​ |  | Intercompany |  | Reported |  | Segment
September 30, 2019 | ​ | Revenue | ​ | Revenue(b) | ​ | Revenue | ​ | EBITDA(c)
Eastern | ​ | $ | 399,936 | ​ | $ | (69,049) | ​ | $ | 330,887 | ​ | $ | 88,101
Southern | ​ | ​ | 417,133 | ​ | ​ | (45,678) | ​ | ​ | 371,455 | ​ | ​ | 113,209
Western | ​ |  | 324,859 | ​ |  | (35,651) | ​ |  | 289,208 | ​ |  | 90,059
Central | ​ |  | 262,737 | ​ |  | (32,663) | ​ |  | 230,074 | ​ |  | 81,746
Canada | ​ |  | 217,879 | ​ |  | (27,059) | ​ |  | 190,820 | ​ |  | 66,794
Corporate(a) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (446)
​ | ​ | $ | 1,622,544 | ​ | $ | (210,100) | ​ | $ | 1,412,444 | ​ | $ | 439,463
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine Months Ended | ​ | ​ | ​ | ​ | Intercompany | ​ | Reported | ​ | Segment
September 30, 2020 | ​ | Revenue | ​ | Revenue(b) | ​ | Revenue | ​ | EBITDA(c)
Eastern | ​ | $ | 1,194,213 | ​ | $ | (198,767) | ​ | $ | 995,446 | ​ | $ | 258,333
Southern | ​ | ​ | 1,171,709 | ​ | ​ | (138,412) | ​ | ​ | 1,033,297 | ​ | ​ | 276,844
Western | ​ |  | 953,861 | ​ |  | (105,122) | ​ |  | 848,739 | ​ |  | 267,523
Central | ​ |  | 749,093 | ​ |  | (95,365) | ​ |  | 653,728 | ​ |  | 235,742
Canada | ​ |  | 586,514 | ​ |  | (69,985) | ​ |  | 516,529 | ​ |  | 185,589
Corporate(a) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (10,462)
​ | ​ | $ | 4,655,390 | ​ | $ | (607,651) | ​ | $ | 4,047,739 | ​ | $ | 1,213,569
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine Months Ended | ​ | ​ | ​ | ​ | Intercompany | ​ | Reported | ​ | Segment
September 30, 2019 | ​ | Revenue | ​ | Revenue(b) | ​ | Revenue | ​ | EBITDA(c)
Eastern | ​ | $ | 1,137,258 | ​ | $ | (189,924) | ​ | $ | 947,334 | ​ | $ | 250,106
Southern | ​ | ​ | 1,214,125 | ​ | ​ | (129,931) | ​ | ​ | 1,084,194 | ​ | ​ | 327,139
Western | ​ |  | 922,737 | ​ |  | (101,552) | ​ |  | 821,185 | ​ |  | 253,504
Central | ​ |  | 715,997 | ​ |  | (89,685) | ​ |  | 626,312 | ​ |  | 219,280
Canada | ​ |  | 624,470 | ​ |  | (76,776) | ​ |  | 547,694 | ​ |  | 193,702
Corporate(a) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (11,751)
​ | ​ | $ | 4,614,587 | ​ | $ | (587,868) | ​ | $ | 4,026,719 | ​ | $ | 1,231,980
____________________
| (a) | Corporate consists of expenses associated with its administrative departments and certain centralized expenses including cash and equity-based incentive compensation, direct acquisition expenses and share-based compensation expenses associated with Progressive Waste share-based grants outstanding at June 1, 2016 that were continued by the Company. Amounts reflected are net of allocations to the five operating segments.
| (b) | Intercompany revenues reflect each segment’s total intercompany sales, including intercompany sales within a segment and between segments. Transactions within and between segments are generally made on a basis intended to reflect the market value of the service.
| (c) | For those items included in the determination of segment EBITDA, the accounting policies of the segments are the same as those described in the Company’s most recent Annual Report on Form 10-K.
Total assets for each of the Company’s reportable segments at September 30, 2020 and December 31, 2019, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2020 |  | 2019
Eastern | ​ | $ | 3,055,672 | ​ | $ | 3,099,283
Southern |  | ​ | 3,441,079 |  | ​ | 3,952,449
Western | ​ | ​ | 1,860,596 | ​ | ​ | 1,718,015
Central | ​ | ​ | 1,956,234 | ​ | ​ | 1,885,468
Canada | ​ | ​ | 2,444,922 | ​ | ​ | 2,490,291
Corporate | ​ | ​ | 1,090,944 | ​ | ​ | 592,189
Total Assets |  | $ | 13,849,447 |  | $ | 13,737,695
​ The following tables show changes in goodwill during the nine months ended September 30, 2020 and 2019, by reportable segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Eastern |  | Southern |  | Western |  | Central |  | Canada |  | Total
Balance as of December 31, 2019 | ​ | $ | 1,331,180 | ​ | $ | 1,528,225 | ​ | $ | 400,037 | ​ | $ | 729,470 | ​ | $ | 1,521,939 | ​ | $ | 5,510,851
Goodwill acquired | ​ |  | 6,228 | ​ |  | 3,648 | ​ | ​ | 43,151 | ​ |  | 10,450 | ​ | ​ | 174 | ​ |  | 63,651
Impact of changes in foreign currency | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (39,935) | ​ |  | (39,935)
Balance as of September 30, 2020 | ​ | $ | 1,337,408 | ​ | $ | 1,531,873 | ​ | $ | 443,188 | ​ | $ | 739,920 | ​ | $ | 1,482,178 | ​ | $ | 5,534,567
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Eastern |  | Southern |  | Western |  | Central |  | Canada |  | Total
Balance as of December 31, 2018 | ​ | $ | 1,126,486 | ​ | $ | 1,517,610 | ​ | $ | 398,174 | ​ | $ | 540,435 | ​ | $ | 1,448,980 | ​ | $ | 5,031,685
Goodwill acquired | ​ |  | 22,146 | ​ | ​ | 10,329 | ​ | ​ | 1,334 | ​ | ​ | 189,194 | ​ | ​ | 25 | ​ |  | 223,028
Goodwill divested | ​ |  | — | ​ | ​ | (845) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | (845)
Impact of changes in foreign currency | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | 43,688 | ​ |  | 43,688
Balance as of September 30, 2019 | ​ | $ | 1,148,632 | ​ | $ | 1,527,094 | ​ | $ | 399,508 | ​ | $ | 729,629 | ​ | $ | 1,492,693 | ​ | $ | 5,297,556
​ A reconciliation of the Company’s primary measure of segment profitability (segment EBITDA) to Income before income tax provision in the Condensed Consolidated Statements of Net Income is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019
Eastern segment EBITDA | ​ | $ | 90,991 | ​ | $ | 88,101 | ​ | $ | 258,333 | ​ | $ | 250,106
Southern segment EBITDA | ​ | ​ | 81,394 | ​ | ​ | 113,209 | ​ | ​ | 276,844 | ​ | ​ | 327,139
Western segment EBITDA | ​ |  | 101,071 | ​ |  | 90,059 | ​ |  | 267,523 | ​ |  | 253,504
Central segment EBITDA | ​ |  | 82,887 | ​ |  | 81,746 | ​ |  | 235,742 | ​ |  | 219,280
Canada segment EBITDA | ​ |  | 72,516 | ​ |  | 66,794 | ​ |  | 185,589 | ​ |  | 193,702
Subtotal reportable segments | ​ |  | 428,859 | ​ |  | 439,909 | ​ |  | 1,224,031 | ​ |  | 1,243,731
Unallocated corporate overhead | ​ |  | (4,132) | ​ |  | (446) | ​ |  | (10,462) | ​ |  | (11,751)
Depreciation | ​ |  | (157,590) | ​ |  | (157,994) | ​ |  | (459,641) | ​ |  | (461,616)
Amortization of intangibles | ​ |  | (32,653) | ​ |  | (31,934) | ​ |  | (96,062) | ​ |  | (93,821)
Impairments and other operating items | ​ |  | (3,805) | ​ |  | (12,935) | ​ |  | (442,582) | ​ |  | (32,949)
Interest expense | ​ |  | (40,636) | ​ |  | (36,780) | ​ |  | (119,562) | ​ |  | (111,313)
Interest income | ​ |  | 903 | ​ |  | 2,056 | ​ |  | 4,396 | ​ |  | 7,186
Other income (expense), net | ​ |  | 702 | ​ |  | (19) | ​ |  | (3,046) | ​ |  | 4,562
Income before income tax provision | ​ | $ | 191,648 | ​ | $ | 201,857 | ​ | $ | 97,072 | ​ | $ | 544,029
​

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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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