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Business and Geographic Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of segment financial information

The following tables provide financial information for our reportable segments, including a reconciliation of Adjusted EBITDA to Income from continuing operations before income taxes and equity in net income of affiliates, as reported in the Consolidated Statements of Operations:

			For the three months ended												For the nine months ended
			September 30,												September 30,
			2023						2022						2023						2022
Revenues
Mexico			$	185,388					$	147,782					$	559,487					$	434,991
Peru			176,177						152,547						515,406						457,104
Corporate			(32)						670						(38)						3,848
Total Revenues			$	361,533					$	300,999					$	1,074,855					$	895,943
Adjusted EBITDA of reportable segments
Mexico			$	21,925					$	23,442					$	109,068					$	79,848
Peru			66,349						61,223						207,062						201,363
Total Adjusted EBITDA of reportable segments			88,274						84,665						316,130						281,211
Reconciling items:
Corporate			(9,853)						(11,861)						(28,833)						(37,155)
Depreciation and amortization expense			(17,918)						(14,470)						(51,956)						(43,628)
Loss on impairment of assets			—						—						(1,620)						(144)
Share-based compensation expense			(1,794)						(1,849)						(4,894)						(6,971)
EiP expenses			—						(168)						—						(1,321)
Operating income			58,709						56,317						228,827						191,992
Interest income			2,830						1,970						6,939						5,623
Interest expense			(5,169)						(3,694)						(17,258)						(11,589)
Other income, net			66						1,393						198						413
Foreign currency gain (loss), net			9,755						15,146						(51,554)						(2,906)
Gain on disposal of subsidiaries, net			3,260						—						3,567						1,461
Income from continuing operations before income taxes and equity in net income of affiliates			$	69,451					$	71,132					$	170,719					$	184,994

Schedule of long-lived assets by geographic areas

			September 30, 2023						December 31, 2022
Assets
Mexico			$	1,333,563					$	1,220,630
Peru			581,619						536,141
Corporate			182,092						215,466
Total assets			$	2,097,274					$	1,972,237

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph b
-SubTopic 10
-Topic 280
-Publisher FASB
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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.

+ References

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