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Reportable Segments (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Adjusted EBITDA Reconciled to Net Income

A reconciliation of Segment Adjusted EBITDA to net income for the three and nine months ended September 30, 2023 and 2022 is as follows (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

60,188

 

 

$

57,205

 

 

$

157,168

 

 

$

156,978

 

International

 

 

4,603

 

 

 

6,983

 

 

 

12,154

 

 

 

21,644

 

Total

 

$

64,791

 

 

$

64,188

 

 

$

169,322

 

 

$

178,622

 

Adjustments to reconcile to net income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

7,557

 

 

 

1,740

 

 

 

20,125

 

 

 

4,002

 

Provision for income taxes

 

 

4,881

 

 

 

6,709

 

 

 

9,530

 

 

 

17,076

 

Depreciation and amortization

 

 

32,419

 

 

 

34,744

 

 

 

96,341

 

 

 

103,185

 

Share-based compensation

 

 

4,790

 

 

 

2,022

 

 

 

10,449

 

 

 

5,824

 

Transaction and acquisition-related charges (a)

 

 

1,571

 

 

 

1,908

 

 

 

3,832

 

 

 

4,585

 

Integration, restructuring, and other charges (b)

 

 

2,800

 

 

 

(144

)

 

 

6,565

 

 

 

(508

)

Net income

 

$

10,773

 

 

$

17,209

 

 

$

22,480

 

 

$

44,458

 

(a)
Represents charges incurred related to acquisitions and similar transactions, primarily consisting of change in control-related costs, professional service fees, and other third-party costs. Also includes incremental professional service fees incurred related to the initial public offering and subsequent one-time compliance efforts. The three and nine months ended September 30, 2023 and 2022 include a transaction bonus expense related to one of the Company’s 2021 acquisitions.
(b)
Represents charges from organizational restructuring and integration activities, non-cash, and other charges primarily related to nonrecurring legal exposures, foreign currency (gains) losses, and (gains) losses on the sale of assets.
Schedule of Revenues by Geographic Region

The following summarizes revenues by geographical region (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

176,046

 

 

$

176,091

 

 

$

490,784

 

 

$

506,770

 

International

 

 

25,805

 

 

 

31,628

 

 

 

74,766

 

 

 

96,413

 

Eliminations

 

 

(1,487

)

 

 

(1,733

)

 

 

(4,351

)

 

 

(5,755

)

Total revenues

 

$

200,364

 

 

$

205,986

 

 

$

561,199

 

 

$

597,428

 

Summary of Long Lived Assets by Geographical Area

The following table sets forth net long-lived assets by geographic area (in thousands):

 

September 30, 2023

 

 

December 31, 2022

 

Long-lived assets, net

 

 

 

 

 

 

United States, country of domicile

 

$

1,104,924

 

 

$

1,134,201

 

All other countries

 

 

169,062

 

 

 

180,258

 

Total long-lived assets, net

 

$

1,273,986

 

 

$

1,314,459