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BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Business segment information

Our segment information for the years ended December 31 was as follows:

(in thousands)						2022						2021						2020
Payments:
Revenue						$	678,580					$	510,359					$	301,901
Adjusted EBITDA						144,605						105,576						68,117
Data Solutions:
Revenue						267,525						262,310						252,773
Adjusted EBITDA						68,214						70,172						61,580
Promotional Solutions:
Revenue						562,917						546,473						529,649
Adjusted EBITDA						79,549						85,384						66,620
Checks:
Revenue						728,988						703,055						706,458
Adjusted EBITDA						320,498						324,224						341,705
Total segments:
Revenue						$	2,238,010					$	2,022,197					$	1,790,781
Adjusted EBITDA						612,866						585,356						538,022

Reconciliation of total segment adjusted EBITDA to consolidated income before income taxes

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

(in thousands)						2022						2021						2020
Total segment adjusted EBITDA						$	612,866					$	585,356					$	538,022
Corporate operations						(194,736)						(177,591)						(173,480)
Depreciation and amortization						(172,552)						(148,767)						(110,792)
Interest expense						(94,454)						(55,554)						(23,140)
Net income attributable to non-controlling interest						135						139						91
Asset impairment charges						—						—						(101,749)
Restructuring and integration costs						(63,136)						(58,947)						(80,665)
CEO transition costs						—						—						30
Share-based compensation expense						(23,676)						(29,477)						(21,824)
Acquisition transaction costs						(130)						(18,913)						(8)
Certain legal-related benefit (expense)						730						(2,443)						2,164
Gain (loss) on sale of businesses and facility						19,331						—						(1,846)
Income before income taxes						$	84,378					$	93,803					$	26,803

Revenue disaggregated by product and service offerings

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

						Year Ended December 31, 2022
(in thousands)						Payments						Data Solutions						Promotional Solutions						Checks						Consolidated
Checks						$	—					$	—					$	—					$	728,988					$	728,988
Merchant services and other payment solutions						437,395						—						—						—						437,395
Forms and other products						—						—						289,920						—						289,920
Marketing and promotional solutions						—						—						272,997						—						272,997
Treasury management solutions						241,185						—						—						—						241,185
Data-driven marketing solutions						—						177,598						—						—						177,598
Web and hosted solutions						—						89,927						—						—						89,927
Total revenue						$	678,580					$	267,525					$	562,917					$	728,988					$	2,238,010
						Year Ended December 31, 2021
(in thousands)						Payments						Data Solutions						Promotional Solutions						Checks						Consolidated
Checks						$	—					$	—					$	—					$	703,055					$	703,055
Merchant services and other payment solutions						276,118						—						—						—						276,118
Forms and other products						—						—						296,993						—						296,993
Marketing and promotional solutions						—						—						249,480						—						249,480
Treasury management solutions						234,241						—						—						—						234,241
Data-driven marketing solutions						—						150,772						—						—						150,772
Web and hosted solutions						—						111,538						—						—						111,538
Total revenue						$	510,359					$	262,310					$	546,473					$	703,055					$	2,022,197
						Year Ended December 31, 2020
(in thousands)						Payments						Data Solutions						Promotional Solutions						Checks						Consolidated
Checks						$	—					$	—					$	—					$	706,458					$	706,458
Merchant services and other payment solutions						75,796						—						—						—						75,796
Forms and other products						—						—						316,245						—						316,245
Marketing and promotional solutions						—						—						213,404						—						213,404
Treasury management solutions						226,105						—						—						—						226,105
Data-driven marketing solutions						—						119,155						—						—						119,155
Web and hosted solutions						—						133,618						—						—						133,618
Total revenue						$	301,901					$	252,773					$	529,649					$	706,458					$	1,790,781

Revenue disaggregated by geographic area

The following table presents revenue disaggregated by geography, based on where items are shipped or services are performed. Substantially all of our long-lived assets reside in the U.S. Long-lived assets of our foreign subsidiaries are located primarily in Canada and are not significant to our consolidated financial position.

(in thousands)						Payments						Data Solutions						Promotional Solutions						Checks						Consolidated
Year ended December 31, 2022:
U.S.						$	634,945					$	248,227					$	537,643					$	700,170					$	2,120,985
Foreign, primarily Canada						43,635						19,298						25,274						28,818						117,025
Total revenue						$	678,580					$	267,525					$	562,917					$	728,988					$	2,238,010
Year ended December 31, 2021:
U.S.						$	469,102					$	227,091					$	522,966					$	678,229					$	1,897,388
Foreign, primarily Canada and Australia						41,257						35,219						23,507						24,826						124,809
Total revenue						$	510,359					$	262,310					$	546,473					$	703,055					$	2,022,197
Year ended December 31, 2020:
U.S.						$	266,920					$	220,699					$	506,240					$	684,328					$	1,678,187
Foreign, primarily Canada and Australia						34,981						32,074						23,409						22,130						112,594
Total revenue						$	301,901					$	252,773					$	529,649					$	706,458					$	1,790,781

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