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SEGMENT REPORTING | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING Segment Information The Company manages its business geographically in two operating segments, with the primary areas of measurement and decision-making being North America, which includes the U.S. and Canada, and International, which primarily includes Europe, Asia-Pacific and Latin America. Management relies on an internal management reporting process that provides revenue and operating segment net income before interest and other income (expense), loss on debt extinguishment, income taxes, depreciation and amortization (“EBITDA”). Management believes that operating segment EBITDA is an appropriate measure for evaluating the operational performance of the Company’s operating segments. EBITDA is used by management to internally measure operating and management performance and to evaluate the performance of the business. However, this measure should be considered in addition to, not as a substitute for or superior to, income from operations or other measures of financial performance prepared in accordance with GAAP. Summarized information by operating segment consists of the following (in thousands):
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
EBITDA |  |  |  |  |  |  |  |
North America | $ | 451,699 |  |  | $ | 358,036 |  |  | $ | 236,906 |
International | (6,987 | ) |  | (6,729 | ) |  | 553 |
Total EBITDA | $ | 444,712 |  |  | $ | 351,307 |  |  | $ | 237,459 |
The reconciliation of net income to EBITDA consists of the following (in thousands):
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
Net income | $ | 314,963 |  |  | $ | 238,334 |  |  | $ | 122,695 |
Amortization of acquired intangible assets in cost of revenues | 21,357 |  |  | 20,586 |  |  | 19,707 |
Amortization of acquired intangible assets in operating expenses | 33,995 |  |  | 30,881 |  |  | 17,684 |
Depreciation and other amortization | 25,813 |  |  | 26,276 |  |  | 26,252 |
Interest and other income | (30,017 | ) |  | (13,281 | ) |  | (4,044 | )
Interest and other expense | 2,615 |  |  | 2,830 |  |  | 9,014 |
Loss on debt extinguishment | — |  |  | — |  |  | 3,788 |
Income tax expense | 75,986 |  |  | 45,681 |  |  | 42,363 |
EBITDA | $ | 444,712 |  |  | $ | 351,307 |  |  | $ | 237,459 |
Summarized information by operating segment consists of the following (in thousands):
| December 31,
| 2019 |  | 2018
Property and equipment, net |  |  |
North America | $ | 103,383 |  |  | $ | 79,493 |
International | 4,146 |  |  | 3,810 |
Total property and equipment, net | $ | 107,529 |  |  | $ | 83,303 |
Goodwill |  |  |  |  |
North America | $ | 1,738,360 |  |  | $ | 1,573,088 |
International | 143,660 |  |  | 38,447 |
Total goodwill | $ | 1,882,020 |  |  | $ | 1,611,535 |
Assets |  |  |  |  |
North America | $ | 3,615,258 |  |  | $ | 3,253,035 |
International | 238,728 |  |  | 59,922 |
Total assets | $ | 3,853,986 |  |  | $ | 3,312,957 |
Liabilities |  |  |  |  |
North America | $ | 402,759 |  |  | $ | 272,776 |
International | 45,634 |  |  | 18,239 |
Total liabilities | $ | 448,393 |  |  | $ | 291,015 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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