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Business segment information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Business segment information
We operate 4 reportable business segments, generally organized by product type, as follows:

•Payments – This segment includes our merchant in-store, online and mobile payment solutions; treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing and paperless treasury management; payroll and disbursement services, including Deluxe Payment Exchange; and fraud and security services.

•Data Solutions – This segment includes data-driven marketing solutions and hosted solutions, including digital engagement, financial institution profitability reporting and business incorporation services. Through June 2023, this segment also included web hosting and logo design services. We completed the sale of these businesses in June 2023. Further information regarding the divestiture can be found in Note 6.

•Promotional Solutions – This segment includes business forms, accessories, advertising specialties and promotional apparel.

•Checks – This segment includes printed business and personal checks.

The accounting policies of the segments are the same as those described in the Notes to Consolidated Financial Statements included in the 2022 Form 10-K. We allocate corporate costs for our shared services functions to our business segments when the costs are directly attributable to a segment. This includes certain sales and marketing, human resources, supply chain, real estate, finance, information technology and legal costs. Costs that are not directly attributable to a business segment are reported as Corporate operations and consist primarily of marketing, accounting, information technology, facilities, executive management and legal, tax and treasury costs that support the corporate function. Corporate operations also includes other income. All of our segments operate primarily in the U.S., with some operations in Canada. Until the businesses were sold, Data Solutions also had operations in portions of Europe and partners in Central and South America through June 2023 and had operations in Australia through May 2022.

Our chief operating decision maker (i.e., our Chief Executive Officer) reviews earnings before interest, taxes, depreciation and amortization (EBITDA) on an adjusted basis for each segment when deciding how to allocate resources and to assess segment operating performance. Adjusted EBITDA for each segment excludes depreciation and amortization expense, interest expense, income tax expense and certain other amounts, which may include, from time to time: asset impairment charges; restructuring and integration costs; share-based compensation expense; acquisition transaction costs; certain legal-related expense; and gains or losses on sales of businesses and long-lived assets. Our Chief Executive Officer does not review segment asset information when making investment or operating decisions regarding our reportable business segments.
Segment information for the quarters and six months ended June 30, 2023 and 2022 was as follows:

Quarter Ended June 30,Six Months Ended June 30,
(in thousands)2023202220232022
Payments:
Revenue$174,372 $171,154 $346,355 $337,362 
Adjusted EBITDA36,318 34,986 72,873 71,421 
Data Solutions:
Revenue72,090 68,587 130,683 138,084 
Adjusted EBITDA17,741 17,509 33,058 34,836 
Promotional Solutions:
Revenue138,800 139,276 274,942 272,519 
Adjusted EBITDA21,239 14,596 40,049 31,540 
Checks:
Revenue186,424 183,936 365,071 371,003 
Adjusted EBITDA83,585 82,564 160,064 165,360 
Total segment:
Revenue$571,686 $562,953 $1,117,051 $1,118,968 
Adjusted EBITDA158,883 149,655 306,044 303,157 

The following table presents a reconciliation of total segment adjusted EBITDA to consolidated income before income taxes:
Quarter Ended
June 30,		Six Months Ended
June 30,
(in thousands)2023202220232022
Total segment adjusted EBITDA$158,883 $149,655 $306,044 $303,157 
Corporate operations(50,511)(47,918)(97,236)(101,801)
Depreciation and amortization expense(42,607)(45,047)(86,128)(86,644)
Interest expense(31,932)(21,349)(61,948)(41,672)
Net income attributable to non-controlling interest26 35 54 71 
Restructuring and integration costs(27,477)(15,208)(41,571)(31,511)
Share-based compensation expense(5,484)(4,896)(11,350)(13,038)
Acquisition transaction costs— (12)— (61)
Certain legal-related benefit (expense)183 (162)(245)(845)
Gain on sale of businesses and facility21,942 17,527 21,942 17,527 
Income before income taxes$23,023 $32,625 $29,562 $45,183 
The following tables present revenue disaggregated by our product and service offerings:
Quarter Ended June 30, 2023
(in thousands)PaymentsData
Solutions		Promotional SolutionsChecksConsolidated
Checks$— $— $— $186,424 $186,424 
Merchant services and other payment solutions113,206 — — — 113,206 
Marketing and promotional solutions
— — 72,037 — 72,037 
Forms and other products
— — 66,763 — 66,763 
Treasury management solutions
61,166 — — — 61,166 
Data-driven marketing solutions
— 54,503 — — 54,503 
Web and hosted solutions
— 17,587 — — 17,587 
Total revenue$174,372 $72,090 $138,800 $186,424 $571,686 

Quarter Ended June 30, 2022
(in thousands)PaymentsData
Solutions		Promotional SolutionsChecksConsolidated
Checks$— $— $— $183,936 $183,936 
Merchant services and other payment solutions111,619 — — — 111,619 
Marketing and promotional solutions
— — 69,872 — 69,872 
Forms and other products
— — 69,404 — 69,404 
Treasury management solutions
59,535 — — — 59,535 
Data-driven marketing solutions
— 45,470 — — 45,470 
Web and hosted solutions
— 23,117 — — 23,117 
Total revenue$171,154 $68,587 $139,276 $183,936 $562,953 
Six Months Ended June 30, 2023
(in thousands)PaymentsData
Solutions		Promotional SolutionsChecksConsolidated
Checks$— $— $— $365,071 $365,071 
Merchant services and other payment solutions224,715 — — — 224,715 
Marketing and promotional solutions
— — 142,689 — 142,689 
Forms and other products
— — 132,253 — 132,253 
Treasury management solutions
121,640 — — — 121,640 
Data-driven marketing solutions
— 93,785 — — 93,785 
Web and hosted solutions
— 36,898 — — 36,898 
Total revenue$346,355 $130,683 $274,942 $365,071 $1,117,051 
Six Months Ended June 30, 2022
(in thousands)PaymentsData
Solutions		Promotional SolutionsChecksConsolidated
Checks$— $— $— $371,003 $371,003 
Merchant services and other payment solutions219,889 — — — 219,889 
Marketing and promotional solutions
— — 132,799 — 132,799 
Forms and other products
— — 139,720 — 139,720 
Treasury management solutions
117,473 — — — 117,473 
Data-driven marketing solutions
— 87,313 — — 87,313 
Web and hosted solutions
— 50,771 — — 50,771 
Total revenue$337,362 $138,084 $272,519 $371,003 $1,118,968 

The following tables present revenue disaggregated by geography, based on where items are shipped from or where services are performed:
Quarter Ended June 30, 2023
(in thousands)PaymentsData
Solutions		Promotional SolutionsChecksConsolidated
United States$162,422 $69,211 $132,175 $179,692 $543,500 
Foreign, primarily Canada11,950 2,879 6,625 6,732 28,186 
Total revenue$174,372 $72,090 $138,800 $186,424 $571,686 
Quarter Ended June 30, 2022
(in thousands)PaymentsData
Solutions		Promotional SolutionsChecksConsolidated
United States$159,939 $63,758 $132,886 $176,692 $533,275 
Foreign, primarily Canada and Australia
11,215 4,829 6,390 7,244 29,678 
Total revenue$171,154 $68,587 $139,276 $183,936 $562,953 
Six Months Ended June 30, 2023
(in thousands)PaymentsData
Solutions		Promotional SolutionsChecksConsolidated
United States$321,886 $124,956 $262,671 $351,539 $1,061,052 
Foreign, primarily Canada24,469 5,727 12,271 13,532 55,999 
Total revenue$346,355 $130,683 $274,942 $365,071 $1,117,051 
Six Months Ended June 30, 2022
(in thousands)PaymentsData
Solutions		Promotional SolutionsChecksConsolidated
United States$316,207 $124,382 $260,128 $355,780 $1,056,497 
Foreign, primarily Canada and Australia
21,155 13,702 12,391 15,223 62,471 
Total revenue$337,362 $138,084 $272,519 $371,003 $1,118,968