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Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Adjusted EBITDA Reconciled to Net Income

A reconciliation of Segment Adjusted EBITDA to net (loss) income for the three and nine months ended September 30, 2024 and 2023 is as follows (in thousands):

		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Adjusted EBITDA
Americas		$	58,637			$	60,188			$	153,900			$	157,168
International			5,409				4,603				12,465				12,154
Total		$	64,046			$	64,791			$	166,365			$	169,322
Adjustments to reconcile to net (loss) income:
Interest expense, net			17,191				7,557				28,114				20,125
Provision for income taxes			782				4,881				83				9,530
Depreciation and amortization			30,168				32,419				89,968				96,341
Share-based compensation			9,504				4,790				19,303				10,449
Transaction and acquisition-related charges(a)			13,218				1,571				35,083				3,832
Integration, restructuring, and other charges(b)			2,043				2,800				3,721				6,565
Net (loss) income		$	(8,860	)		$	10,773			$	(9,907	)		$	22,480

(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. Transaction and acquisition related charges for the three and nine months ended September 30, 2024 include approximately $13.2 million and $33.5 million of expense, respectively, associated with the acquisition of Sterling, primarily consisting of legal, regulatory, and diligence professional service fees. The three and nine months ended September 30, 2024 and 2023 also include insurance costs incurred related to the initial public offering.

(b)Represents charges from organizational restructuring and integration activities, non-cash, and other charges primarily related to nonrecurring legal exposures, foreign currency (gains) losses, (gains) losses on the sale of assets, and other non-recurring items.

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,
		2024				2023				2024				2023
Revenues
Americas		$	174,905			$	176,046			$	486,410			$	490,784
International			26,624				25,805				72,834				74,766
Eliminations			(2,410	)			(1,487	)			(6,163	)			(4,351	)
Total revenues		$	199,119			$	200,364			$	553,081			$	561,199

Summary of Long Lived Assets by Geographical Area

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

		September 30, 2024				December 31, 2023
Long-lived assets, net
United States, country of domicile		$	1,021,330			$	1,083,318
All other countries			163,393				168,068
Total long-lived assets, net		$	1,184,723			$	1,251,386

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- Definition

Tabular disclosure of the reconciliation of adjusted EBITDA from reportable segments to the consolidated income (loss).

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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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.

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