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Segment Information
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information

The Company operates in three business segments: Merchant Acquiring, Payment Processing and Business Solutions.
The Company’s business segments are organized based on the nature of products and services. The Chief Operating Decision Maker (“CODM”) reviews their individual financial information to assess performance and to allocate resources.

The following tables set forth information about the Company’s operations by its three business segments for the periods indicated:
 
(Dollar amounts in thousands)
 
Merchant
Acquiring, net
 
Payment
Processing
 
Business
Solutions
 
Other
 
Total
Three months ended March 31, 2017
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
22,485

 
$
38,733

 
$
48,679

 
$
(8,617
)
(1) 
$
101,280

Income from operations
 
6,908

 
17,233

 
13,651

 
(7,200
)
(2) 
30,592

Three months ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
22,890

 
$
34,539

 
$
45,614

 
$
(7,564
)
(1) 
$
95,479

Income from operations
 
8,425

 
12,414

 
13,243

 
(7,516
)
(2) 
26,566

 
 
(1)
Represents the elimination of intersegment revenues for services provided by the Payment Processing segment to the Merchant Acquiring segment, and other miscellaneous intersegment revenues.
(2)
Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses.

The reconciliation of income from operations to consolidated net income for the three months ended March 31, 2017 and 2016 is as follows:
 
 
Three months ended
March 31,
(Dollar amounts in thousands)
 
2017
 
2016
Segment income from operations
 
 
 
 
Merchant Acquiring
 
$
6,908

 
$
8,425

Payment Processing
 
17,233

 
12,414

Business Solutions
 
13,651

 
13,243

Total segment income from operations
 
37,792

 
34,082

Merger related depreciation and amortization and other unallocated expenses (1)
 
(7,200
)
 
(7,516
)
Income from operations
 
30,592

 
26,566

Interest expense, net
 
(6,851
)
 
(5,791
)
Earnings (losses) of equity method investment
 
143

 
(130
)
Other income
 
1,274

 
398

Income tax expense
 
(2,020
)
 
(1,876
)
Net income
 
$
23,138

 
$
19,167

 
 
(1)
Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses.