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Business segment information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Business segment information

egment information for the quarters ended March 31, 2021 and 2020 was as follows:

						Quarter Ended March 31,
(in thousands)						2021						2020
Payments:
Revenue						$	79,438					$	77,040
Adjusted EBITDA						18,329						18,023
Cloud Solutions:
Revenue						62,220						75,945
Adjusted EBITDA						17,209						14,920
Promotional Solutions:
Revenue						124,507						142,794
Adjusted EBITDA						17,714						11,197
Checks:
Revenue						175,099						190,644
Adjusted EBITDA						83,534						90,712
Total segment:
Revenue						$	441,264					$	486,423
Adjusted EBITDA						136,786						134,852

Reconciliation of adjusted EBITDA to pretax income (loss)

The following table presents a reconciliation of total segment adjusted EBITDA to consolidated income (loss) before income taxes:

						Quarter Ended March 31,
(in thousands)						2021						2020
Total segment adjusted EBITDA						$	136,786					$	134,852
Corporate operations						(46,281)						(51,518)
Depreciation and amortization expense						(27,780)						(28,430)
Interest expense						(4,524)						(6,999)
Net income attributable to non-controlling interest						33						—
Asset impairment charges						—						(90,330)
Restructuring, integration and other costs						(15,212)						(19,633)
CEO transition costs						—						180
Share-based compensation expense						(6,742)						(3,618)
Acquisition transaction costs						(2,765)						(9)
Certain legal-related benefit						—						2,164
Income (loss) before income taxes						$	33,515					$	(63,341)

Revenue disaggregated by product and service offerings

The following tables present revenue disaggregated by our product and service offerings:

						Quarter Ended March 31, 2021
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
Checks						$	—					$	—					$	—					$	175,099					$	175,099
Forms and other products						—						—						71,781						—						71,781
Treasury management solutions						59,136						—						—						—						59,136
Marketing and promotional solutions						—						—						52,726						—						52,726
Data-driven marketing solutions						—						33,646						—						—						33,646
Web and hosted solutions						—						28,574						—						—						28,574
Other payments solutions						20,302						—						—						—						20,302
Total revenue						$	79,438					$	62,220					$	124,507					$	175,099					$	441,264

						Quarter Ended March 31, 2020
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
Checks						$	—					$	—					$	—					$	190,644					$	190,644
Forms and other products						—						—						81,813						—						81,813
Treasury management solutions						56,867						—						—						—						56,867
Marketing and promotional solutions						—						—						60,981						—						60,981
Data-driven marketing solutions						—						38,997						—						—						38,997
Web and hosted solutions						—						36,948						—						—						36,948
Other payments solutions						20,173						—						—						—						20,173
Total revenue						$	77,040					$	75,945					$	142,794					$	190,644					$	486,423

Revenue disaggregated by geography

he following tables present revenue disaggregated by geography, based on where items are shipped from or where services are performed:

						Quarter Ended March 31, 2021
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
United States						$	68,484					$	53,512					$	119,148					$	169,014					$	410,158
Foreign, primarily Canada and Australia						10,954						8,708						5,359						6,085						31,106
Total revenue						$	79,438					$	62,220					$	124,507					$	175,099					$	441,264

						Quarter Ended March 31, 2020
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
United States						$	68,358					$	68,070					$	136,814					$	184,294					$	457,536
Foreign, primarily Canada and Australia						8,682						7,875						5,980						6,350						28,887
Total revenue						$	77,040					$	75,945					$	142,794					$	190,644					$	486,423

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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.

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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.

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