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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
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.
Schedule of Long-Lived Assets by Geographic Regions
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