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