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Business segment information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Business segment information

The following is our segment information for the quarters ended March 31, 2025 and March 31, 2024:

						Quarter Ended March 31,
(in thousands)						2025						2024
Merchant Services:
Revenue						$	97,769					$	96,477
Other segment items						(76,391)						(75,040)
Adjusted EBITDA						21,378						21,437
B2B Payments:
Revenue						70,155						69,418
Other segment items						(56,833)						(56,157)
Adjusted EBITDA						13,322						13,261
Data Solutions:
Revenue						77,227						59,712
Other segment items						(57,534)						(44,843)
Adjusted EBITDA						19,693						14,869
Print:
Revenue						291,304						303,334
Other segment items						(200,470)						(212,378)
Adjusted EBITDA						90,834						90,956
Total reportable segments:
Revenue						$	536,455					$	528,941
Other segment items						(391,228)						(388,418)
Adjusted EBITDA						145,227						140,523
All other:(1)
Revenue						16						6,014
Other segment items						(52)						(2,378)
Adjusted EBITDA						(36)						3,636
Total:
Revenue						$	536,471					$	534,955
Other segment items						(391,280)						(390,796)
Adjusted EBITDA						145,191						144,159

(1) Includes the payroll and human resources services business, which we substantially exited during 2024 (Note 6).

Reconciliation of adjusted EBITDA to income before income taxes

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

						Quarter Ended March 31,
(in thousands)						2025						2024
Total segment adjusted EBITDA						$	145,191					$	144,159
Corporate operations						(45,021)						(43,701)
Depreciation and amortization expense						(35,279)						(41,747)
Interest expense						(31,266)						(30,809)
Net income attributable to non-controlling interest						35						27
Restructuring and integration expense						(8,420)						(14,737)
Share-based compensation expense						(5,459)						(5,121)
Certain legal and environmental expense						(512)						(300)
Gain on sale of businesses and long-lived assets						—						8,581
Income before income taxes						$	19,269					$	16,352

Revenue disaggregated by product and service offerings

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

						Quarter Ended March 31, 2025
(in thousands)						Merchant Services						B2B Payments						Data Solutions						Print						All Other						Consolidated
Checks						$	—					$	—					$	—					$	175,209					$	—					$	175,209
Merchant services						97,769						—						—						—						—						97,769
Data-driven marketing						—						—						71,994						—						—						71,994
Forms and other business products						—						—						—						60,530						—						60,530
Promotional solutions						—						—						—						55,565						—						55,565
Treasury management solutions						—						54,312						—						—						—						54,312
Other payment solutions						—						15,843						—						—						—						15,843
Other web-based solutions						—						—						5,233						—						—						5,233
Other						—						—						—						—						16						16
Total revenue						$	97,769					$	70,155					$	77,227					$	291,304					$	16					$	536,471

						Quarter Ended March 31, 2024
(in thousands)						Merchant Services						B2B Payments						Data Solutions						Print						All other						Consolidated
Checks						$	—					$	—					$	—					$	178,484					$	—					$	178,484
Merchant services						96,477						—						—						—						—						96,477
Data-driven marketing						—						—						54,325						—						—						54,325
Forms and other business products						—						—						—						63,792						—						63,792
Promotional solutions						—						—						—						61,058						—						61,058
Treasury management solutions						—						55,077						—						—						—						55,077
Other payment solutions												14,341																		—						14,341
Other web-based solutions																		5,387												—						5,387
Other						—						—						—						—						6,014						6,014
Total revenue						$	96,477					$	69,418					$	59,712					$	303,334					$	6,014					$	534,955

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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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