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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Information About Profit and Assets 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 the 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 periods presented:
| Year Ended December 31, |  | Seven Months Ended December 31, |  | Year Ended May 31,
| 2018 |  | 2017 |  | 2016 |  | 2016
| (in thousands)
Revenues (1)(2): |  |  |  |  |  |  |
North America | $ | 2,522,284 |  |  | $ | 2,929,522 |  |  | $ | 1,650,616 |  |  | $ | 2,052,623 |
Europe | 610,930 |  |  | 767,524 |  |  | 403,823 |  |  | 631,900 |
Asia-Pacific | 233,152 |  |  | 278,117 |  |  | 148,457 |  |  | 213,627 |
Consolidated revenues | $ | 3,366,366 |  |  | $ | 3,975,163 |  |  | $ | 2,202,896 |  |  | $ | 2,898,150 |
Operating income (loss) (2): |  |  |  |  |  |  |
North America | $ | 570,630 |  |  | $ | 457,009 |  |  | $ | 233,850 |  |  | $ | 307,626 |
Europe | 318,392 |  |  | 272,769 |  |  | 145,767 |  |  | 244,837 |
Asia-Pacific | 93,402 |  |  | 81,273 |  |  | 37,530 |  |  | 50,743 |
Corporate(2) | (245,369 | ) |  | (252,183 | ) |  | (179,196 | ) |  | (178,262 | )
Consolidated operating income | $ | 737,055 |  |  | $ | 558,868 |  |  | $ | 237,951 |  |  | $ | 424,944 |
Depreciation and amortization (2): |  |  |  |  |  |  |
North America | $ | 444,182 |  |  | $ | 379,953 |  |  | $ | 208,198 |  |  | $ | 128,618 |
Europe | 46,007 |  |  | 46,928 |  |  | 26,178 |  |  | 40,194 |
Asia-Pacific | 24,935 |  |  | 16,466 |  |  | 10,385 |  |  | 13,935 |
Corporate | 7,689 |  |  | 7,804 |  |  | 2,810 |  |  | 5,134 |
Consolidated depreciation and amortization | $ | 522,813 |  |  | $ | 451,151 |  |  | $ | 247,571 |  |  | $ | 187,881 |
(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, including payment networks. This change in presentation affected our reported revenues and operating expenses during the year ended December 31, 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 2—Acquisitions." (3) During the years ended December 31, 2018 and 2017, 2016 fiscal transition period and the year ended May 31, 2016, operating loss for Corporate included acquisition and integration expenses of $56.1 million, $94.6 million, $91.6 million, and $51.3 million, respectively. Enterprise-Wide Information As a percentage of our total consolidated revenues, revenues from external customers in the United States and the United Kingdom were 67% and 9%, respectively, for the year ended December 31, 2018, 66% and 11%, respectively, for the year ended December 31, 2017 and 67% and 10%, respectively, for the 2016 transition period. Revenues from external customers in the United States, the United Kingdom, and Canada were 61%, 10% and 10%, respectively, for the year ended May 31, 2016. Revenues from external customers are attributed to individual countries based on the location of the customer arrangements. Our results of operations and our financial condition are not significantly reliant upon any single customer. Long-lived assets, excluding goodwill and other intangible assets, by location as of December 31, 2018 and 2017 were as follows:
| 2018 |  | 2017
| (in thousands)
United States | $ | 516,449 |  |  | $ | 451,436 |
Foreign countries | 137,093 |  |  | 136,912 |
| $ | 653,542 |  |  | $ | 588,348 |

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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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