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Segment and Geographic Information
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment and Geographic Information
Segment and geographic information

 The Company is required to report information about operating segments in annual financial statements and interim financial reports issued to shareholders in accordance with ASC 280. Operating segments are components of a company about which separate financial information is available that is regularly evaluated by the chief operating decision maker(s) in deciding how to allocate resources and assess performance. ASC 280 also requires disclosures about the Company’s products and services, geographical areas and major customers.
 
As discussed in Note 1, the Company through its wholly-owned and majority-owned subsidiaries operates and franchises McDonald’s restaurants in the food service industry. The Company has determined that its reportable segments are those that are based on the Company’s method of internal reporting. The Company manages its business as distinct geographic segments and its operations are divided into four geographical divisions, which are as follows: Brazil; the Caribbean division, consisting of Aruba, Curacao, Colombia, French Guyana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the U.S. Virgin Islands of St. Croix and St. Thomas and Venezuela; the North Latin America division (“NOLAD”), consisting of Costa Rica, Mexico and Panama; and the South Latin America division (“SLAD”), consisting of Argentina, Chile, Ecuador, Peru and Uruguay. The accounting policies of the segments are the same as those described in Note 3.

As from January 1, 2016, the Company made changes in the allocation of certain expenses previously included in the corporate segment to the operating divisions in order to align the financial statement presentation with the revised allocation used by the Company's management as from that date. In accordance with ASC 280, Segment Reporting, the Company has restated its comparative segment information based on the new allocation of expenses.
 
The following table presents information about profit or loss and assets for each reportable segment: 
 
 
For the fiscal years ended December 31,
 
 
2017
 
2016
 
2015
Revenues:
 
 
 
 
 
 
Brazil
 
$
1,496,573

 
$
1,333,237

 
$
1,361,989

Caribbean division
 
474,822

 
409,671

 
398,144

NOLAD
 
386,874

 
363,965

 
367,364

SLAD
 
961,256

 
821,757

 
925,243

Total revenues
 
$
3,319,525

 
$
2,928,630

 
$
3,052,740

 
 
 
 
 
 
 
Adjusted EBITDA:
 
 
 
 
 
 
Brazil
 
$
218,172

 
$
168,076

 
$
174,102

Caribbean division
 
40,844

 
18,049

 
2,059

NOLAD
 
33,717

 
36,288

 
31,424

SLAD
 
87,083

 
76,327

 
100,718

Total reportable segments
 
379,816

 
298,740

 
308,303

Corporate and others (i)
 
(74,879
)
 
(60,295
)
 
(78,132
)
Total adjusted EBITDA
 
$
304,937

 
$
238,445

 
$
230,171









 
 
For the fiscal years ended December 31,
 
 
2017
 
2016
 
2015
Adjusted EBITDA reconciliation:
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Adjusted EBITDA
 
$
304,937

 
$
238,445

 
$
230,171

 
 
 
 
 
 
 
(Less) Plus items excluded from computation that affect operating income:
 
 

 
 

 
 

Depreciation and amortization
 
(99,382
)
 
(92,969
)
 
(110,715
)
Gains from sale or insurance recovery of property and equipment
 
95,081

 
57,244

 
12,308

Write-offs and related contingencies of property and equipment
 
(8,528
)
 
(5,776
)
 
(6,038
)
Impairment of long-lived assets
 
(17,564
)
 
(7,697
)
 
(12,343
)
Impairment of goodwill
 
(200
)
 
(5,045
)
 
(679
)
Stock-based compensation related to the special awards in connection with the initial public offering under the 2011 Plan
 
—

 
—

 
(210
)
Reorganization and optimization plan expenses
 
—

 
(5,341
)
 
(18,346
)
ADBV Long-Term Incentive Plan incremental compensation from modification
 
(1,409
)
 
(281
)
 
(741
)
Operating income
 
272,935

 
178,580

 
93,407

(Less) Plus:
 
 

 
 

 
 

Net interest expense
 
(68,357
)
 
(66,880
)
 
(64,407
)
Loss from derivative instruments
 
(7,065
)
 
(3,065
)
 
(2,894
)
Foreign currency exchange results
 
(14,265
)
 
32,354

 
(54,032
)
Other non-operating expenses, net
 
(435
)
 
(2,360
)
 
(627
)
Income tax expense
 
(53,314
)
 
(59,641
)
 
(22,816
)
Net income attributable to non-controlling interests
 
(333
)
 
(178
)
 
(264
)
Net income (loss) attributable to Arcos Dorados Holdings Inc.
 
$
129,166

 
$
78,810

 
$
(51,633
)
 



















 
 
For the fiscal years ended December 31,
 
 
2017
 
2016
 
2015
Depreciation and amortization:
 
 
 
 
 
 
Brazil
 
$
52,442

 
$
43,733

 
$
48,849

Caribbean division
 
25,210

 
27,376

 
30,998

NOLAD
 
20,635

 
21,975

 
25,733

SLAD
 
15,292

 
14,477

 
19,340

Total reportable segments
 
113,579

 
107,561

 
124,920

Corporate and others (i)
 
5,978

 
5,478

 
8,068

Purchase price allocation (ii)
 
(20,175
)
 
(20,070
)
 
(22,273
)
Total depreciation and amortization
 
$
99,382

 
$
92,969

 
$
110,715

 
 
 
 
 
 
 
Property and equipment expenditures:
 
 
 
 
 
 
Brazil
 
$
91,769

 
$
42,657

 
$
40,482

Caribbean division
 
16,759

 
14,387

 
11,756

NOLAD
 
17,565

 
10,117

 
14,623

SLAD
 
48,621

 
24,967

 
23,623

Others
 
52

 
154

 
480

Total property and equipment expenditures
 
$
174,766

 
$
92,282

 
$
90,964

 
 
As of December 31,
 
 
2017
 
2016
Total assets:
 
 
 
 
Brazil
 
$
786,897

 
$
726,250

Caribbean division
 
416,541

 
355,568

NOLAD
 
271,558

 
247,546

SLAD
 
297,581

 
246,344

Total reportable segments
 
1,772,577

 
1,575,708

Corporate and others (i)
 
172,400

 
82,822

Purchase price allocation (ii)
 
(141,234
)
 
(153,477
)
Total assets
 
$
1,803,743

 
$
1,505,053


(i)
Primarily relates to corporate general and administrative expenses, corporate supply chain operations in Uruguay, and related assets. Corporate general and administrative expenses consist of corporate office support costs in areas such as facilities, finance, human resources, information technology, legal, marketing, restaurant operations, supply chain and training. As of December 31, 2017 and 2016, corporate assets primarily include corporate cash and cash equivalents.
(ii)
Relates to the purchase price allocation adjustment made at corporate level, which reduces the total assets and the corresponding depreciation and amortization.

The Company’s revenues are derived from two sources: sales by Company-operated restaurants and revenues from restaurants operated by franchisees. See Note 3 for more details. All of the Company’s revenues are derived from foreign operations.

Long-lived assets consisting of property and equipment totaled $890,736 and $847,966 at December 31, 2017 and 2016, respectively. All of the Company’s long-lived assets are related to foreign operations.