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Segment Information
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
ASC 280, Segment Reporting, requires reporting of segment information that is consistent with the manner in which the chief operating decision maker operates and views the Company. Our operations are grouped into two operating segments: Marketplace and Finance, which also serve as our reportable business segments. These reportable business segments offer different services and have fundamental differences in their operations.
Financial information regarding our reportable segments is set forth below as of and for the three months ended March 31, 2024 (in millions):
MarketplaceFinanceConsolidated
Operating revenues$318.3 $98.0 $416.3 
Operating expenses   
Cost of services (exclusive of depreciation and amortization)197.1 16.8 213.9 
Selling, general and administrative94.8 13.9 108.7 
Depreciation and amortization21.6 2.7 24.3 
Total operating expenses313.5 33.4 346.9 
Operating profit
4.8 64.6 69.4 
Interest expense7.1 32.6 39.7 
Other (income) expense, net0.5 — 0.5 
Intercompany expense (income)9.9 (9.9)— 
Income (loss) from continuing operations before income taxes(12.7)41.9 29.2 
Income taxes0.2 10.5 10.7 
Income (loss) from continuing operations$(12.9)$31.4 $18.5 
Total assets$2,159.3 $2,659.1 $4,818.4 
Financial information regarding our reportable segments is set forth below as of and for the three months ended March 31, 2023 (in millions):
MarketplaceFinanceConsolidated
Operating revenues$321.0 $99.6 $420.6 
Operating expenses   
Cost of services (exclusive of depreciation and amortization)207.8 16.4 224.2 
Selling, general and administrative95.6 12.4 108.0 
Depreciation and amortization21.2 1.8 23.0 
Total operating expenses324.6 30.6 355.2 
Operating profit (loss)(3.6)69.0 65.4 
Interest expense8.0 30.3 38.3 
Other (income) expense, net7.0 0.1 7.1 
Intercompany expense (income)6.4 (6.4)— 
Income (loss) from continuing operations before income taxes(25.0)45.0 20.0 
Income taxes(3.9)11.2 7.3 
Income (loss) from continuing operations$(21.1)$33.8 $12.7 
Total assets$2,376.5 $2,771.4 $5,147.9 

Geographic Information
Our foreign operations include Canada, Continental Europe and the U.K. Approximately 54% and 60% of our foreign operating revenues were from Canada for the three months ended March 31, 2024 and 2023, respectively. Most of the remaining foreign operating revenues were generated from Continental Europe. Information regarding the geographic areas of our operations is set forth below (in millions):
 Three Months Ended March 31,
 20242023
Operating revenues  
U.S. $258.5 $272.2 
Foreign157.8 148.4 
$416.3 $420.6