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Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of financial information regarding the entity's reportable segments

Financial information regarding our reportable segments is set forth below as of and for the three months ended September 30, 2023 (in millions):

			Marketplace						Finance						Consolidated
Operating revenues			$	316.6					$	99.7					$	416.3
Operating expenses
Cost of services (exclusive of depreciation and amortization)			199.3						16.7						216.0
Selling, general and administrative			94.8						12.6						107.4
Depreciation and amortization			23.8						2.6						26.4
Total operating expenses			317.9						31.9						349.8
Operating profit (loss)			(1.3)						67.8						66.5
Interest expense			5.2						34.2						39.4
Other (income) expense, net			1.2						0.5						1.7
Intercompany expense (income)			9.6						(9.6)						—
Income (loss) from continuing operations before income taxes			(17.3)						42.7						25.4
Income taxes			2.0						10.7						12.7
Income (loss) from continuing operations			$	(19.3)					$	32.0					$	12.7
Total assets			$	2,005.8					$	2,723.5					$	4,729.3

Financial information regarding our reportable segments is set forth below as of and for the three months ended September 30, 2022 (in millions):

			Marketplace						Finance						Consolidated
Operating revenues			$	293.9					$	99.1					$	393.0
Operating expenses
Cost of services (exclusive of depreciation and amortization)			193.4						16.2						209.6
Selling, general and administrative			96.9						12.2						109.1
Depreciation and amortization			22.4						1.9						24.3
Total operating expenses			312.7						30.3						343.0
Operating profit (loss)			(18.8)						68.8						50.0
Interest expense			10.0						22.3						32.3
Other (income) expense, net			0.9						0.3						1.2
Loss on extinguishment of debt			9.3						—						9.3
Intercompany expense (income)			2.4						(2.4)						—
Income (loss) from continuing operations before income taxes			(41.4)						48.6						7.2
Income taxes			(5.6)						12.3						6.7
Income (loss) from continuing operations			$	(35.8)					$	36.3					$	0.5
Total assets			$	2,381.8					$	2,919.5					$	5,301.3

Financial information regarding our reportable segments is set forth below for the nine months ended September 30, 2023 (in millions):

			Marketplace						Finance						Consolidated
Operating revenues			$	957.0					$	296.8					$	1,253.8
Operating expenses
Cost of services (exclusive of depreciation and amortization)			613.2						49.6						662.8
Selling, general and administrative			288.9						37.7						326.6
Depreciation and amortization			69.5						6.7						76.2
Goodwill and other intangibles impairment			250.8						—						250.8
Total operating expenses			1,222.4						94.0						1,316.4
Operating profit (loss)			(265.4)						202.8						(62.6)
Interest expense			19.9						96.6						116.5
Other (income) expense, net			(12.8)						0.3						(12.5)
Loss on extinguishment of debt			1.1						—						1.1
Intercompany expense (income)			24.1						(24.1)						—
Income (loss) from continuing operations before income taxes			(297.7)						130.0						(167.7)
Income taxes			(37.9)						38.6						0.7
Income (loss) from continuing operations			$	(259.8)					$	91.4					$	(168.4)

Financial information regarding our reportable segments is set forth below for the nine months ended September 30, 2022 (in millions):

			Marketplace						Finance						Consolidated
Operating revenues			$	871.4					$	275.2					$	1,146.6
Operating expenses
Cost of services (exclusive of depreciation and amortization)			584.9						47.4						632.3
Selling, general and administrative			315.8						36.3						352.1
Depreciation and amortization			70.1						6.1						76.2
Total operating expenses			970.8						89.8						1,060.6
Operating profit (loss)			(99.4)						185.4						86.0
Interest expense			33.0						50.8						83.8
Other (income) expense, net			(0.1)						6.5						6.4
Loss on extinguishment of debt			17.0						—						17.0
Intercompany expense (income)			3.1						(3.1)						—
Income (loss) from continuing operations before income taxes			(152.4)						131.2						(21.2)
Income taxes			(40.9)						33.0						(7.9)
Income (loss) from continuing operations			$	(111.5)					$	98.2					$	(13.3)

Schedule of information regarding the geographic areas of entity's operations

Information regarding the geographic areas of our operations is set forth below (in millions):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Operating revenues
U.S.			$	259.0					$	264.3					$	781.8					$	744.1
Foreign			157.3						128.7						472.0						402.5
			$	416.3					$	393.0					$	1,253.8					$	1,146.6

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

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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.

+ References

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