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v3.22.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Reconciliation of Total Segment Operating Income to Consolidated Operating Income | Information on reportable segments and reconciliation to income from operations is as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |  |
Revenue by reportable segment: |  |  |  |  |  |  |  |  |  |  |  |
Digital Media | $ | 258,700 |  |  | $ | 253,977 |  |  | $ | 493,527 |  |  | $ | 480,850 |  |  |  |  |  |
Cybersecurity and Martech | 78,910 |  |  | 87,608 |  |  | 159,404 |  |  | 172,510 |  |  |  |  |  |
Elimination of inter-segment revenues | (254) |  |  | (292) |  |  | (507) |  |  | (410) |  |  |  |  |  |
Total segment revenues | 337,356 |  |  | 341,293 |  |  | 652,424 |  |  | 652,950 |  |  |  |  |  |
Corporate(1) | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |
Total revenues | 337,356 |  |  | 341,293 |  |  | 652,424 |  |  | 652,950 |  |  |  |  |  |
Gross profit by reportable segment: |  |  |  |  |  |  |  |  |  |  |  |
Digital Media | $ | 233,447 |  |  | $ | 228,698 |  |  | $ | 443,153 |  |  | $ | 434,759 |  |  |  |  |  |
Cybersecurity and Martech | 58,263 |  |  | 63,895 |  |  | 117,656 |  |  | 125,754 |  |  |  |  |  |
Elimination of inter-segment gross profit | (358) |  |  | (76) |  |  | (489) |  |  | (126) |  |  |  |  |  |
Total segment gross profit | 291,352 |  |  | 292,517 |  |  | 560,320 |  |  | 560,387 |  |  |  |  |  |
Corporate(1) | — |  |  | (9) |  |  | — |  |  | (74) |  |  |  |  |  |
Total gross profit | 291,352 |  |  | 292,508 |  |  | 560,320 |  |  | 560,313 |  |  |  |  |  |
Direct costs by reportable segment(2): |  |  |  |  |  |  |  |  |  |  |  |
Digital Media | $ | 188,824 |  |  | $ | 184,592 |  |  | $ | 366,410 |  |  | $ | 360,010 |  |  |  |  |  |
Cybersecurity and Martech | 45,686 |  |  | 85,090 |  |  | 92,751 |  |  | 135,074 |  |  |  |  |  |
Elimination of inter-segment direct costs | (358) |  |  | (76) |  |  | (489) |  |  | (126) |  |  |  |  |  |
Total segment direct costs | 234,152 |  |  | 269,606 |  |  | 458,672 |  |  | 494,958 |  |  |  |  |  |
Corporate(1) | 11,304 |  |  | 12,847 |  |  | 25,199 |  |  | 28,419 |  |  |  |  |  |
Total direct costs | 245,456 |  |  | 282,453 |  |  | 483,871 |  |  | 523,377 |  |  |  |  |  |
Operating income by reportable segment: |  |  |  |  |  |  |  |  |  |  |  |
Digital Media | $ | 44,623 |  |  | $ | 44,106 |  |  | $ | 76,743 |  |  | $ | 74,749 |  |  |  |  |  |
Cybersecurity and Martech | 12,577 |  |  | (21,195) |  |  | 24,905 |  |  | (9,320) |  |  |  |  |  |
Total segment operating income | 57,200 |  |  | 22,911 |  |  | 101,648 |  |  | 65,429 |  |  |  |  |  |
Corporate(1) | (11,313) |  |  | (12,856) |  |  | (25,199) |  |  | (28,493) |  |  |  |  |  |
Income from operations | $ | 45,887 |  |  | $ | 10,055 |  |  | $ | 76,449 |  |  | $ | 36,936 |  |  |  |  |  |
(1)Corporate includes costs associated with general and administrative and other expenses that are managed on a global basis and that are not directly attributable to any particular segment. (2)Direct costs for each segment include other operating expenses that are directly attributable to the segment, such as employee compensation expense, local sales and marketing expenses, engineering and network operations expense, depreciation and amortization and other administrative expenses. For the three and six months ended June 30, 2021, goodwill impairment related to our B2B Backup business is also included within direct costs for Cybersecurity and Martech.
Total Assets, Capital Expenditures, Depreciation and Amortization | The CODM does not use Balance Sheet and Cash Flow information in connection with operating and investment decisions other than as presented for Digital Media and Cybersecurity and Martech. Accordingly, the following segment information is presented for Digital Media and Cybersecurity and Martech.
| June 30, 2022 |  | December 31, 2021
Assets: |  |  |
Digital Media | $ | 2,062,499 |  |  | $ | 2,043,204 |
Cybersecurity and Martech | 1,090,546 |  |  | 1,088,741 |
Total assets from reportable segments | 3,153,045 |  |  | 3,131,945 |
Corporate | 390,050 |  |  | 638,335 |
Total assets | $ | 3,543,095 |  |  | $ | 3,770,280 |
| Six Months Ended June 30,
| 2022 |  | 2021
Capital expenditures |  |  |
Digital Media | $ | 46,777 |  |  | $ | 38,047 |
Cybersecurity and Martech | 7,098 |  |  | 11,709 |
Total from reportable segments | 53,875 |  |  | 49,756 |
Corporate | 1 |  |  | — |
Capital expenditures of discontinued operations | — |  |  | 8,010 |
Total capital expenditures | $ | 53,876 |  |  | $ | 57,766 |
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |
Digital Media | $ | 47,543 |  |  | $ | 49,076 |  |  | $ | 93,664 |  |  | $ | 97,426 |  |  |  |  |
Cybersecurity and Martech | 12,264 |  |  | 12,836 |  |  | 25,121 |  |  | 27,061 |  |  |  |  |
Total from reportable segments | 59,807 |  |  | 61,912 |  |  | 118,785 |  |  | 124,487 |  |  |  |  |
Corporate | 65 |  |  | 45 |  |  | 158 |  |  | 138 |  |  |  |  |
Depreciation and amortization of discontinued operations | — |  |  | 2,779 |  |  | — |  |  | 5,601 |  |  |  |  |
Total depreciation and amortization | $ | 59,872 |  |  | $ | 64,736 |  |  | $ | 118,943 |  |  | $ | 130,226 |  |  |  |  |
Revenues and Long-lived Assets by Geographic Information | The Company maintains operations in the U.S., Canada, Ireland, the United Kingdom, India and other countries. Geographic information about the U.S. and all other countries for the reporting periods is presented below. Such information attributes revenues based on jurisdictions where revenues are reported (in thousands).
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |
United States | $ | 286,757 |  |  | $ | 284,398 |  |  | $ | 550,232 |  |  | $ | 540,533 |  |  |  |  |
Canada | 8,086 |  |  | 8,159 |  |  | 16,151 |  |  | 16,311 |  |  |  |  |
Ireland | 7,732 |  |  | 9,342 |  |  | 16,544 |  |  | 19,055 |  |  |  |  |
All other countries | 34,781 |  |  | 39,394 |  |  | 69,497 |  |  | 77,051 |  |  |  |  |
Total | $ | 337,356 |  |  | $ | 341,293 |  |  | $ | 652,424 |  |  | $ | 652,950 |  |  |  |  |
| June 30, 2022 |  | December 31, 2021
Long-lived assets: |  |  |
United States | $ | 677,416 |  |  | $ | 726,128 |
All other countries | 74,041 |  |  | 63,423 |
Total | $ | 751,457 |  |  | $ | 789,551 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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