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SEGMENT REPORTING | 12 Months Ended
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Dec. 31, 2023
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 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 EBITDA information by operating segment consists of the following (in millions):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
North America | $ | 403.0 |  |  | $ | 577.3 |  |  | $ | 557.1 |
International | (13.2) |  |  | 5.4 |  |  | 7.9 |
Total EBITDA | $ | 389.8 |  |  | $ | 582.7 |  |  | $ | 565.0 |
The reconciliation of net income to EBITDA consists of the following (in millions):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Net income | $ | 374.7 |  |  | $ | 369.5 |  |  | $ | 292.6 |
Amortization of acquired intangible assets in cost of revenues | 31.5 |  |  | 29.0 |  |  | 28.8 |
Amortization of acquired intangible assets in operating expenses | 42.2 |  |  | 73.6 |  |  | 74.8 |
Depreciation and other amortization | 33.8 |  |  | 29.1 |  |  | 29.1 |
Interest (income) expense, net | (213.6) |  |  | (32.1) |  |  | 31.6 |
Other (income), net | (5.4) |  |  | (3.4) |  |  | (3.3) |
Income tax expense | 126.6 |  |  | 117.0 |  |  | 111.4 |
EBITDA | $ | 389.8 |  |  | $ | 582.7 |  |  | $ | 565.0 |
Summarized information by operating segment consists of the following (in millions):
| December 31,
| 2023 |  | 2022
Property and equipment, net |  |  |
North America | $ | 465.7 |  |  | $ | 320.3 |
International | 6.5 |  |  | 1.0 |
Total property and equipment, net | $ | 472.2 |  |  | $ | 321.3 |
Goodwill |  |  |
North America | $ | 2,149.2 |  |  | $ | 2,149.2 |
International | 237.0 |  |  | 165.6 |
Total goodwill | $ | 2,386.2 |  |  | $ | 2,314.8 |
Assets |  |  |
North America | $ | 8,505.5 |  |  | $ | 8,146.3 |
International | 414.2 |  |  | 256.2 |
Total assets | $ | 8,919.7 |  |  | $ | 8,402.5 |
Liabilities |  |  |
North America | $ | 1,499.7 |  |  | $ | 1,486.3 |
International | 81.4 |  |  | 46.2 |
Total liabilities | $ | 1,581.1 |  |  | $ | 1,532.5 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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