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Segment Information
 6 Months Ended
Nov. 30, 2015
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION

General Information

We are a leading worldwide provider of payment technology services delivering innovative solutions to our customers. Our partnerships, technologies and employee expertise enable us to provide a broad range of services that allow our customers to accept various payment types. We distribute our services across a variety of channels to merchants and partners in 29 countries throughout North America, Europe, the Asia-Pacific region and an equity method investment in Brazil. Commencing with fiscal 2016, we began reporting based on realigned segments (North America, Europe and Asia-Pacific) due to international investment and a realigned management structure. As a result, we have presented prior year segment data in a manner that conforms to our current year presentation.

Information About Profit and Assets

We evaluate performance and allocate resources based on the operating income of each segment. The operating income of each segment includes the revenues of the segment less those expenses that are directly related to those revenues. Operating overhead, shared costs and certain compensation costs are included in Corporate in the following table. Interest and other income, interest and other expense, the financial results of equity method investments and provision for income taxes are not allocated to the individual segments. We do not evaluate performance or allocate resources using segment asset data. The accounting policies of the reportable segments are the same as those described in our Annual Report on Form 10-K for the year ended May 31, 2015 and our summary of significant accounting policies in "Note 1-Basis of Presentation and Summary of Significant Accounting Policies."

Information on segments and reconciliations to consolidated revenues and consolidated operating income are as follows for the three and six months ended November 30, 2015 and 2014 (in thousands):
 
Three Months Ended
 
Six Months Ended
 
November 30, 2015
 
November 30, 2014
 
November 30, 2015
 
November 30, 2014
Revenues:
 
 
 
 
 
 
 
North America
$
511,335

 
$
488,776

 
$
1,042,192

 
$
992,782

Europe
158,016

 
159,974

 
326,373

 
322,762

Asia-Pacific
52,999

 
48,541

 
102,581

 
86,642

 Consolidated revenues
$
722,350

 
$
697,291

 
$
1,471,146

 
$
1,402,186

 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
North America
$
79,121

 
$
74,246

 
$
162,635

 
$
152,183

Europe(1)
62,012

 
64,563

 
134,745

 
131,608

Asia-Pacific
11,857

 
11,880

 
24,089

 
18,437

Corporate
(29,825
)
 
(26,705
)
 
(60,532
)
 
(53,846
)
 Consolidated operating income
$
123,165

 
$
123,984

 
$
260,937

 
$
248,382

 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
 
North America
$
24,222

 
$
20,441

 
$
47,965

 
$
40,918

Europe
9,921

 
10,072

 
20,265

 
21,108

Asia-Pacific
3,358

 
2,494

 
6,415

 
3,948

Corporate
1,248

 
1,598

 
2,861

 
3,198

 Consolidated depreciation and amortization
$
38,749

 
$
34,605

 
$
77,506

 
$
69,172



(1) During the six months ended November 30, 2014, operating income for the Europe segment included a $2.9 million gain on the sale of a component of our Russia business that leased automated teller machines to our sponsor bank in Russia. The gain is included in selling, general and administrative expenses in the consolidated statement of income for the six months ended November 30, 2014.