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SEGMENT REPORTING

12 Months Ended

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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- References

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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

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