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Segment Information
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s businesses are based on the organizational structure used by the chief operating decision maker (“CODM”). The Company aggregates its operating segments into two reportable segments: Digital Media and Cybersecurity and Martech.
The accounting policies of the businesses are the same as those described in the Company’s Annual Report on Form 10-K filed with the SEC on March 1, 2023. The Company evaluates performance based on revenue and profit or loss from operations.
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,
2023202220232022
Revenue by reportable segment:
Digital Media$252,870 $258,700 $487,081 $493,527 
Cybersecurity and Martech73,196 78,910 146,212 159,404 
Elimination of inter-segment revenues(50)(254)(135)(507)
Total revenues$326,016 $337,356 $633,158 $652,424 
Operating costs and expenses by reportable segment (2):
Digital Media216,154 214,077 421,896 416,784 
Cybersecurity and Martech59,679 66,333 121,092 134,499 
Elimination of inter-segment operating expenses(50)(254)(135)(507)
Total segment operating expenses275,783 280,156 542,853 550,776 
Corporate (1)
11,338 11,313 25,095 25,199 
Total operating costs and expenses287,121 291,469 567,948 575,975 
Operating income by reportable segment:
Digital Media operating income36,716 44,623 65,185 76,743 
Cybersecurity and Martech operating income13,517 12,577 25,120 24,905 
Total segment operating income50,233 57,200 90,305 101,648 
Corporate (1)
(11,338)(11,313)(25,095)(25,199)
Income from operations$38,895 $45,887 $65,210 $76,449 
(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)Operating expenses for each segment include cost of sales and 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.