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BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Business segment information

The following is our segment information for the years ended December 31. The segment information for 2023 and 2022 has been recast to reflect our current segment structure.

(in thousands)						2024						2023						2022
Merchant Services:
Revenue						$	384,038					$	364,233					$	347,709
Other segment items						(305,498)						(289,834)						(276,949)
Adjusted EBITDA						78,540						74,399						70,760
B2B Payments:
Revenue						287,851						299,196						307,117
Other segment items						(230,763)						(237,162)						(235,875)
Adjusted EBITDA						57,088						62,034						71,242
Data Solutions:
Revenue						234,033						211,788						196,707
Other segment items						(173,590)						(165,507)						(151,874)
Adjusted EBITDA						60,443						46,281						44,833
Print:
Revenue						1,205,077						1,261,283						1,276,775
Other segment items						(828,476)						(860,341)						(877,730)
Adjusted EBITDA						376,601						400,942						399,045
Total reportable segments:
Revenue						$	2,110,999					$	2,136,500					$	2,128,308
Other segment items						(1,538,327)						(1,552,844)						(1,542,428)
Adjusted EBITDA						572,672						583,656						585,880
All other:(1)
Revenue						10,762						55,760						109,702
Other segment items						(5,140)						(29,834)						(79,570)
Adjusted EBITDA						5,622						25,926						30,132
Total segments:
Consolidated revenue						$	2,121,761					$	2,192,260					$	2,238,010
Other segment items						(1,543,467)						(1,582,678)						(1,621,998)
Adjusted EBITDA						578,294						609,582						616,012

(1) Includes businesses sold during 2023 and 2022, including the web hosting, logo design, strategic sourcing, and retail packaging businesses, and the payroll and human resources services business that we substantially exited during 2024 (Note 6).

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)						2024						2023						2022
Total segment adjusted EBITDA						$	578,294					$	609,582					$	616,012
Corporate operations						(166,219)						(192,447)						(197,882)
Depreciation and amortization						(165,544)						(169,703)						(172,552)
Interest expense						(123,281)						(125,643)						(94,454)
Non-controlling interest						143						107						135
Asset impairment charges						(7,743)						—						—
Restructuring and integration expense						(50,450)						(90,475)						(63,136)
Share-based compensation expense						(19,944)						(20,525)						(23,676)
Acquisition transaction costs						—						—						(130)
Certain legal-related benefit (expense)						34						(2,195)						730
Loss on sale of investment securities						—						(1,323)						—
Gain on sale of businesses and long-lived assets						31,207						32,421						19,331
Income before income taxes						$	76,497					$	39,799					$	84,378

Revenue disaggregated by product and service offerings

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

						Year Ended December 31, 2024
(in thousands)						Merchant Services						B2B Payments						Data Solutions						Print						All Other						Consolidated
Checks						$	—					$	—					$	—					$	702,702					$	—					$	702,702
Merchant services						384,038						—						—						—						—						384,038
Promotional solutions						—						—						—						262,009						—						262,009
Forms and other business products						—						—						—						240,366						—						240,366
Treasury management solutions						—						225,568						—						—						—						225,568
Data-driven marketing						—						—						214,589						—						—						214,589
Other payment solutions						—						62,283						—						—						—						62,283
Other web-based solutions						—						—						19,444						—						—						19,444
Other						—						—						—						—						10,762						10,762
Total revenue						$	384,038					$	287,851					$	234,033					$	1,205,077					$	10,762					$	2,121,761

						Year Ended December 31, 2023
(in thousands)						Merchant Services						B2B Payments						Data Solutions						Print						All Other						Consolidated
Checks						$	—					$	—					$	—					$	721,089					$	—					$	721,089
Merchant services						364,233						—						—						—						—						364,233
Promotional solutions						—						—						—						276,744						1,456						278,200
Forms and other business products						—						—						—						263,450						—						263,450
Treasury management solutions						—						240,320						—						—						—						240,320
Data-driven marketing						—						—						192,656						—						—						192,656
Other payment solutions						—						58,876						—						—						—						58,876
Other web-based solutions						—						—						19,132						—						—						19,132
Other						—						—						—						—						54,304						54,304
Total revenue						$	364,233					$	299,196					$	211,788					$	1,261,283					$	55,760					$	2,192,260

						Year Ended December 31, 2022
(in thousands)						Merchant Services						B2B Payments						Data Solutions						Print						All Other						Consolidated
Checks						$	—					$	—					$	—					$	728,988					$	—					$	728,988
Merchant services						347,709						—						—						—						—						347,709
Promotional solutions						—						—						—						257,867						15,130						272,997
Forms and other business products						—						—						—						289,920						—						289,920
Treasury management solutions						—						241,185						—						—						—						241,185
Data-driven marketing						—						—						177,598						—						—						177,598
Other payment solutions						—						65,932						—						—						—						65,932
Other web-based solutions						—						—						19,109						—						—						19,109
Other						—						—						—						—						94,572						94,572
Total revenue						$	347,709					$	307,117					$	196,707					$	1,276,775					$	109,702					$	2,238,010

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