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Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of Reportable Segment Results

The following tables present the Company’s reportable segment revenues:

	Three Months Ended June 30, 2019
(In thousands)	Fleet Solutions				Travel and Corporate Solutions				Health and Employee Benefit Solutions				Total
Revenues
Payment processing revenue	$	120,717			$	77,273			$	16,836			$	214,826
Account servicing revenue	41,506				10,717				54,669				106,892
Finance fee revenue	62,385				496				31				62,912
Other revenue	42,706				2,864				11,607				57,177
Total revenues	$	267,314			$	91,350			$	83,143			$	441,807
Interest income	$	1,798			$	430			$	428			$	2,656

	Three Months Ended June 30, 2018
(In thousands)	Fleet Solutions				Travel and Corporate Solutions				Health and Employee Benefit Solutions				Total
Revenues
Payment processing revenue	$	112,895			$	51,289			$	14,554			$	178,738
Account servicing revenue	43,019				8,995				26,702				78,716
Finance fee revenue	45,188				228				6,137				51,553
Other revenue	40,310				15,252				6,229				61,791
Total revenues	$	241,412			$	75,764			$	53,622			$	370,798
Interest income	$	1,040			$	122			$	6,301			$	7,463

	Six Months Ended June 30, 2019
(In thousands)	Fleet Solutions				Travel and Corporate Solutions				Health and Employee Benefit Solutions				Total
Revenues
Payment processing revenue	$	228,125			$	137,271			$	36,228			$	401,624
Account servicing revenue	80,745				21,302				91,931				193,978
Finance fee revenue	108,249				853				183				109,285
Other revenue	82,977				13,572				22,247				118,796
Total revenues	$	500,096			$	172,998			$	150,589			$	823,683
Interest income	$	4,019			$	807			$	587			$	5,413

	Six Months Ended June 30, 2018
(In thousands)	Fleet Solutions				Travel and Corporate Solutions				Health and Employee Benefit Solutions				Total
Revenues
Payment processing revenue	$	219,873			$	96,066			$	31,253			$	347,192
Account servicing revenue	85,229				18,464				53,727				157,420
Finance fee revenue	88,792				487				11,155				100,434
Other revenue	77,883				27,526				14,371				119,780
Total revenues	$	471,777			$	142,543			$	110,506			$	724,826
Interest income	$	2,035			$	543			$	12,268			$	14,846

Reconciliation of Adjusted Net Income to Income Before Income Taxes

The following table reconciles segment adjusted operating income to income before income taxes:

	Three Months Ended June 30,								Six Months Ended June 30,
(In thousands)	2019				2018				2019				2018
Segment adjusted operating income
Fleet Solutions	$	122,577			$	112,953			$	215,552			$	220,926
Travel and Corporate Solutions	40,838				34,448				75,225				59,697
Health and Employee Benefit Solutions	21,146				11,608				40,926				29,679
Total segment adjusted operating income	$	184,561			$	159,009			$	331,703			$	310,302
Reconciliation:
Total segment adjusted operating income	$	184,561			$	159,009			$	331,703			$	310,302
Less:
Unallocated corporate expenses	18,177				15,044				35,119				28,964
Acquisition-related intangible amortization	39,814				34,921				73,702				70,157
Other acquisition and divestiture related items	7,017				619				16,797				1,256
Debt restructuring costs	5,078				466				9,478				3,481
Stock-based compensation	14,992				6,905				25,434				15,860
Other costs	4,746				630				7,501				6,301
Operating income	94,737				100,424				163,672				184,283
Financing interest expense	(35,638		)		(25,505		)		(66,750		)		(52,842		)
Net foreign currency gain (loss)	6,665				(26,734		)		2,780				(26,344		)
Net unrealized (loss) gain on financial instruments	(21,516		)		2,706				(33,428		)		16,214
Income before income taxes	$	44,248			$	50,891			$	66,274			$	121,311

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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-Publisher FASB
-Name Accounting Standards Codification
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-Topic 280
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