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Segment Information | 12 Months Ended
--- | ---
Dec. 31, 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 Note 2 — Basis of Presentation and Summary of Significant Accounting Policies. 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):
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Revenue by reportable segment: |  |  |  |  |
Digital Media | $ | 1,072,971 |  |  | $ | 1,079,172 |  |  | $ | 1,069,300 |
Cybersecurity and Martech | 291,209 |  |  | 312,626 |  |  | 348,611 |
Elimination of inter-segment revenues (1) | (152) |  |  | (801) |  |  | (1,189) |
Total segment revenues | 1,364,028 |  |  | 1,390,997 |  |  | 1,416,722 |
Corporate | — |  |  | — |  |  | — |
Total revenues | $ | 1,364,028 |  |  | $ | 1,390,997 |  |  | $ | 1,416,722 |
Operating costs and expenses by reportable segment (3): |  |  |  |  |
Digital Media | 931,980 |  |  | 880,240 |  |  | 851,807 |
Cybersecurity and Martech (4) | 248,151 |  |  | 262,426 |  |  | 338,464 |
Elimination of inter-segment operating expenses | (152) |  |  | (801) |  |  | (1,189) |
Total segment operating expenses | 1,179,979 |  |  | 1,141,865 |  |  | 1,189,082 |
Corporate (2)(4) | 51,438 |  |  | 50,191 |  |  | 60,300 |
Total operating costs and expenses | 1,231,417 |  |  | 1,192,056 |  |  | 1,249,382 |
Operating income by reportable segment: |  |  |  |  |
Digital Media operating income | 140,991 |  |  | 198,932 |  |  | 217,493 |
Cybersecurity and Martech operating income (4) | 43,058 |  |  | 50,200 |  |  | 10,147 |
Total segment operating income | 184,049 |  |  | 249,132 |  |  | 227,640 |
Corporate (2)(4) | (51,438) |  |  | (50,191) |  |  | (60,300) |
Income from operations | $ | 132,611 |  |  | $ | 198,941 |  |  | $ | 167,340 |
(1)Inter-segment revenues in the Digital Media reportable segment were $0.2 million, $0.8 million, and $0.8 million, for the years ended December 31, 2023, 2022, and 2021, respectively. Inter-segment revenues in the Cybersecurity and Martech reportable segment were $0.0 million, $0.0 million, and $0.4 million, for the years ended December 31, 2023, 2022, and 2021, respectively. (2)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. (3)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. For the twelve months ended December 31, 2023 and 2022, the Company had an impairment to goodwill within operating costs and expenses for Digital Media. For the twelve months ended December 31, 2021, the Company had an impairment to goodwill within operating costs and expenses for Cybersecurity and Martech. (4)For the year ended December 31, 2021, approximately $19.2 million of general and administrative costs were reflected as Corporate operating costs and expenses in the Company’s December 31, 2021 Form 10-K, however, should have been reflected as an operating cost for the Cybersecurity and Martech reportable segment. The Company reclassified these costs in the table above as an operating cost for the Cybersecurity and Martech reportable segment and as a reduction of operating costs for Corporate, as well as the resulting impact in operating income (loss) for Cybersecurity and Martech and Corporate. The reclassification has no impact on consolidated operating income (loss) from continuing operations for the year ended December 31, 2021. The CODM does not use Balance Sheet information in connection with operating and investment decisions and as such that information is not presented. The CODM does use capital expenditures by reportable segment in connection with operating and investment decisions. Accordingly, the following segment information is presented for Digital Media and Cybersecurity and Martech.
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Capital expenditures: |  |  |  |  |
Digital Media | $ | 83,921 |  |  | $ | 85,049 |  |  | $ | 80,877 |
Cybersecurity and Martech | 24,712 |  |  | 21,094 |  |  | 17,611 |
Total from reportable segments | 108,633 |  |  | 106,143 |  |  | 98,488 |
Corporate | 96 |  |  | 11 |  |  | — |
Capital expenditures of discontinued operations | — |  |  | — |  |  | 15,252 |
Total capital expenditures | $ | 108,729 |  |  | $ | 106,154 |  |  | $ | 113,740 |
Depreciation and amortization: |  |  |  |  |
Digital Media | $ | 184,321 |  |  | $ | 184,658 |  |  | $ | 193,661 |
Cybersecurity and Martech | 52,618 |  |  | 48,714 |  |  | 55,344 |
Total from reportable segments | 236,939 |  |  | 233,372 |  |  | 249,005 |
Corporate | 27 |  |  | 28 |  |  | 288 |
Depreciation and amortization of discontinued operations | — |  |  | — |  |  | 9,010 |
Total depreciation and amortization | $ | 236,966 |  |  | $ | 233,400 |  |  | $ | 258,303 |
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).
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Revenues: |  |  |  |  |
United States | $ | 1,137,857 |  |  | $ | 1,181,936 |  |  | $ | 1,187,207 |
All other countries | 226,171 |  |  | 209,061 |  |  | 229,515 |
Total | $ | 1,364,028 |  |  | $ | 1,390,997 |  |  | $ | 1,416,722 |
Long-lived assets, excluding goodwill and other intangible assets are as follows (in thousands):
| December 31,
| 2023 |  | 2022
Long-lived assets: |  |  |
United States | $ | 161,913 |  |  | $ | 171,957 |
All other countries | 50,820 |  |  | 46,867 |
Total | $ | 212,733 |  |  | $ | 218,824 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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