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SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

We operate in three reportable segments: North America, Europe and Asia-Pacific. We evaluate performance and allocate resources based on the operating income of each operating segment. The operating income of each operating segment includes the revenues of the segment less 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 and provision for income taxes are not allocated to the individual segments. We do not evaluate the performance of or allocate resources to our operating segments using asset data. The accounting policies of the reportable operating segments are the same as those described in our Annual Report on Form 10-K for the year ended December 31, 2017 and our summary of significant accounting policies in "Note 1Basis of Presentation and Summary of Significant Accounting Policies."

Information on segments and reconciliations to consolidated revenues and consolidated operating income was as follows for the three and nine months ended September 30, 2018 and 2017:
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2018
 
September 30, 2017
 
September 30, 2018
 
September 30, 2017
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
 
 
 
 
 
 
Revenues(1) (2):
 
 
 
 
 
 
 
North America
$
643,715

 
$
764,902

 
$
1,859,545

 
$
2,162,911

Europe
157,584

 
205,203

 
456,492

 
557,258

Asia-Pacific
56,371

 
68,802

 
169,774

 
200,741

 Consolidated revenues
$
857,670

 
$
1,038,907

 
$
2,485,811

 
$
2,920,910

 
 
 
 
 
 
 
 
Operating income (loss)(2):
 
 
 
 
 
 
 
North America
$
174,012

 
$
138,345

 
$
446,600

 
$
344,604

Europe
85,781

 
76,214

 
239,011

 
196,394

Asia-Pacific
23,692

 
20,032

 
67,043

 
57,321

Corporate(3)
(60,323
)
 
(62,120
)
 
(182,585
)
 
(189,026
)
 Consolidated operating income
$
223,162

 
$
172,471

 
$
570,069

 
$
409,293

 
 
 
 
 
 
 
 
Depreciation and amortization(2):
 
 
 
 
 
 
 
North America
$
106,022

 
$
95,056

 
$
313,980

 
$
277,219

Europe
11,660

 
11,863

 
36,180

 
34,926

Asia-Pacific
4,381

 
4,484

 
13,740

 
12,068

Corporate
1,994

 
2,246

 
5,548

 
5,750

 Consolidated depreciation and amortization
$
124,057

 
$
113,649

 
$
369,448

 
$
329,963



(1) As more fully described in "Note 1—Basis of Presentation and Summary of Significant Accounting Policies" and "Note 3—Revenues," we adopted a new revenue accounting standard on January 1, 2018 that results in revenue being presented net of certain fees that we pay to third parties. This change in presentation affected our reported revenues and operating expenses during the three and nine months ended September 30, 2018 by the same amount and had no effect on operating income.

(2) Revenues, operating income and depreciation and amortization reflect the effect of acquired businesses from the respective dates of acquisition. For further discussion, see "Note 2Acquisitions."

(3) During the three and nine months ended September 30, 2018, operating loss for Corporate included acquisition and integration expenses of $8.2 million and $34.6 million, respectively. During the three and nine months ended September 30, 2017, operating loss for Corporate included acquisition and integration expenses of $21.5 million and $69.5 million, respectively.