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Business segment information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Business segment information

Segment information for the quarters and six months ended June 30, 2021 and 2020 was as follows:

						Quarter Ended June 30,												Six Months Ended June 30,
(in thousands)						2021						2020						2021						2020
Payments:
Revenue						$	103,339					$	72,171					$	182,777					$	149,211
Adjusted EBITDA						21,199						15,583						39,528						33,606
Cloud Solutions:
Revenue						68,067						53,897						130,287						129,842
Adjusted EBITDA						18,803						14,159						36,011						29,069
Promotional Solutions:
Revenue						134,987						117,946						259,494						260,739
Adjusted EBITDA						21,416						13,854						39,131						25,051
Checks:
Revenue						171,823						166,391						346,923						357,036
Adjusted EBITDA						80,191						82,724						163,725						173,438
Total segment:
Revenue						$	478,216					$	410,405					$	919,481					$	896,828
Adjusted EBITDA						141,609						126,320						278,395						261,164

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 June 30,												Six Months Ended June 30,
(in thousands)						2021						2020						2021						2020
Total segment adjusted EBITDA						$	141,609					$	126,320					$	278,395					$	261,164
Corporate operations						(44,147)						(42,502)						(90,428)						(94,011)
Depreciation and amortization expense						(33,244)						(26,663)						(61,024)						(55,093)
Interest expense						(9,530)						(6,171)						(14,054)						(13,171)
Pretax income attributable to non-controlling interest						29						26						62						26
Asset impairment charges						—						(4,883)						—						(98,989)
Restructuring, integration and other costs						(11,979)						(20,490)						(27,191)						(40,123)
CEO transition costs						—						(190)						—						(10)
Share-based compensation expense						(7,625)						(5,477)						(14,367)						(9,095)
Acquisition transaction costs						(15,843)						—						(18,608)						(9)
Certain legal-related (expense) benefit						(302)						—						(302)						2,164
Loss on sales of customer lists						—						(18)						—						(18)
Income (loss) before income taxes						$	18,968					$	19,952					$	52,483					$	(47,165)

Revenue disaggregated by product and service offerings

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

						Quarter Ended June 30, 2021
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
Checks						$	—					$	—					$	—					$	171,823					$	171,823
Forms and other products						—						—						78,194						—						78,194
Marketing and promotional solutions						—						—						56,793						—						56,793
Treasury management solutions						56,224						—						—						—						56,224
Merchant services and other payments solutions						47,115						—						—						—						47,115
Data-driven marketing solutions						—						39,518						—						—						39,518
Web and hosted solutions						—						28,549						—						—						28,549
Total revenue						$	103,339					$	68,067					$	134,987					$	171,823					$	478,216

						Quarter Ended June 30, 2020
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
Checks						$	—					$	—					$	—					$	166,391					$	166,391
Forms and other products						—						—						75,431						—						75,431
Marketing and promotional solutions						—						—						42,515						—						42,515
Treasury management solutions						54,793						—						—						—						54,793
Merchant services and other payments solutions						17,378						—						—						—						17,378
Data-driven marketing solutions						—						19,422						—						—						19,422
Web and hosted solutions						—						34,475						—						—						34,475
Total revenue						$	72,171					$	53,897					$	117,946					$	166,391					$	410,405

						Six Months Ended June 30, 2021
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
Checks						$	—					$	—					$	—					$	346,923					$	346,923
Forms and other products						—						—						149,975						—						149,975
Marketing and promotional solutions						—						—						109,519						—						109,519
Treasury management solutions						115,360						—						—						—						115,360
Merchant services and other payments solutions						67,417						—						—						—						67,417
Data-driven marketing solutions						—						73,164						—						—						73,164
Web and hosted solutions						—						57,123						—						—						57,123
Total revenue						$	182,777					$	130,287					$	259,494					$	346,923					$	919,481

						Six Months Ended June 30, 2020
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
Checks						$	—					$	—					$	—					$	357,036					$	357,036
Forms and other products						—						—						157,243						—						157,243
Marketing and promotional solutions						—						—						103,496						—						103,496
Treasury management solutions						111,660						—						—						—						111,660
Merchant services and other payments solutions						37,551						—						—						—						37,551
Data-driven marketing solutions						—						58,419						—						—						58,419
Web and hosted solutions						—						71,423						—						—						71,423
Total revenue						$	149,211					$	129,842					$	260,739					$	357,036					$	896,828

Revenue disaggregated by geography

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

						Quarter Ended June 30, 2021
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
United States						$	93,796					$	59,265					$	129,321					$	165,799					$	448,181
Foreign, primarily Canada and Australia						9,543						8,802						5,666						6,024						30,035
Total revenue						$	103,339					$	68,067					$	134,987					$	171,823					$	478,216

						Quarter Ended June 30, 2020
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
United States						$	64,230					$	46,091					$	113,757					$	161,801					$	385,879
Foreign, primarily Canada and Australia						7,941						7,806						4,189						4,590						24,526
Total revenue						$	72,171					$	53,897					$	117,946					$	166,391					$	410,405

						Six Months Ended June 30, 2021
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
United States						$	162,280					$	112,777					$	248,469					$	334,813					$	858,339
Foreign, primarily Canada and Australia						20,497						17,510						11,025						12,110						61,142
Total revenue						$	182,777					$	130,287					$	259,494					$	346,923					$	919,481

						Six Months Ended June 30, 2020
(in thousands)						Payments						Cloud Solutions						Promotional Solutions						Checks						Consolidated
United States						$	132,588					$	114,161					$	250,570					$	346,096					$	843,415
Foreign, primarily Canada and Australia						16,623						15,681						10,169						10,940						53,413
Total revenue						$	149,211					$	129,842					$	260,739					$	357,036					$	896,828

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