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Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Reportable Segment Results

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

			Three Months Ended September 30, 2021
(In thousands)			Fleet Solutions						Travel and Corporate Solutions						Health and Employee Benefit Solutions						Total
Payment processing revenue			$	130,006					$	79,815					$	16,305					$	226,126
Account servicing revenue			43,671						10,908						83,145						137,724
Finance fee revenue			67,529						200						40						67,769
Other revenue			45,155						79						5,911						51,145
Total revenues			$	286,361					$	91,002					$	105,401					$	482,764
Interest income			$	178					$	2					$	3					$	183

			Three Months Ended September 30, 2020
(In thousands)			Fleet Solutions						Travel and Corporate Solutions						Health and Employee Benefit Solutions						Total
Payment processing revenue			$	102,418					$	53,239					$	15,420					$	171,077
Account servicing revenue			39,350						9,964						63,103						112,417
Finance fee revenue			46,129						145						33						46,307
Other revenue			40,807						948						10,560						52,315
Total revenues			$	228,704					$	64,296					$	89,116					$	382,116
Interest income			$	1,304					$	12					$	304					$	1,620

			Nine Months Ended September 30, 2021
(In thousands)			Fleet Solutions						Travel and Corporate Solutions						Health and Employee Benefit Solutions						Total
Payment processing revenue			$	367,032					$	205,345					$	55,564					$	627,941
Account servicing revenue			125,955						32,817						230,572						389,344
Finance fee revenue			178,627						693						101						179,421
Other revenue			132,972						4,551						18,775						156,298
Total revenues			$	804,586					$	243,406					$	305,012					$	1,353,004
Interest income			$	1,194					$	12					$	13					$	1,219

			Nine Months Ended September 30, 2020
(In thousands)			Fleet Solutions						Travel and Corporate Solutions						Health and Employee Benefit Solutions						Total
Payment processing revenue			$	305,888					$	166,768					$	49,919					$	522,575
Account servicing revenue			115,252						31,210						189,274						335,736
Finance fee revenue			143,934						900						111						144,945
Other revenue			117,857						4,272						35,494						157,623
Total revenues			$	682,931					$	203,150					$	274,798					$	1,160,879
Interest income			$	3,205					$	265					$	998					$	4,468

Schedule of Reconciliation of Adjusted Net Income to Income Before Income Taxes

The following table reconciles total segment adjusted operating income to income (loss) before income taxes:

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2021						2020						2021						2020
Segment adjusted operating income
Fleet Solutions			$	144,853					$	102,276					$	400,976					$	284,064
Travel and Corporate Solutions			31,057						14,184						55,229						47,060
Health and Employee Benefit Solutions			23,863						23,800						83,487						78,525
Total segment adjusted operating income			$	199,773					$	140,260					$	539,692					$	409,649
Reconciliation:
Total segment adjusted operating income			$	199,773					$	140,260					$	539,692					$	409,649
Less:
Unallocated corporate expenses			20,977						14,817						54,360						45,313
Acquisition-related intangible amortization			46,965						42,831						134,713						127,847
Other acquisition and divestiture related items			7,012						15,430						32,498						31,107
Loss on sale of subsidiary			—						46,362						—						46,362
Debt restructuring costs			120						(240)						6,056						525
Stock-based compensation			22,166						18,170						62,771						45,059
Other costs			1,711						1,045						15,653						7,980
Operating income			100,822						1,845						233,641						105,456
Financing interest expense			(32,493)						(40,950)						(98,250)						(101,813)
Net foreign currency loss			(9,962)						(784)						(11,375)						(31,973)
Other income			3,617						—						3,617						—
Change in fair value of contingent consideration			2,800						—						(44,900)						—
Net unrealized gain (loss) on financial instruments			6,424						3,774						19,470						(32,115)
Income (loss) before income taxes			$	71,208					$	(36,115)					$	102,203					$	(60,445)

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- 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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