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Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Reportable Segments

The following tables present financial information for each of our reportable segments for the periods then ended:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Segment Revenue			(In thousands)
Consumer Services			$	129,091					$	150,959					$	268,924					$	309,716
B2B Services			180,652						143,514						351,944						277,414
Money Movement Services			49,974						54,143						148,215						151,459
Corporate and Other			1,427						6,485						4,424						11,190
Total segment revenues			361,144						355,101						773,507						749,779
BaaS commissions and processing expenses			5,418						8,429						10,178						14,941
Other income			(686)						(761)						(1,429)						(1,334)
Total operating revenues			$	365,876					$	362,769					$	782,256					$	763,386

Segment revenue adjustments represent commissions and certain processing-related costs associated with our BaaS products and services, which are netted against our B2B Services revenues when evaluating segment performance, as well as certain other investment income earned by our bank, which is included in Corporate and Other.

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Segment Profit			(In thousands)
Consumer Services			$	44,272					$	60,376					$	97,024					$	114,664
B2B Services			17,706						22,775						39,925						45,039
Money Movement Services			29,774						30,151						90,800						91,611
Corporate and Other			(52,883)						(45,754)						(106,337)						(93,440)
Total segment profit			38,869						67,548						121,412						157,874
Reconciliation to income before income taxes
Depreciation and amortization of property, equipment and internal-use software			13,886						14,595						27,587						28,399
Stock based compensation and related employer taxes			10,740						5,770						20,289						20,939
Amortization of acquired intangible assets			7,281						5,664						12,945						12,181
Impairment charges			—						1,871						—						4,134
Legal settlements and related expenses			1,319						13,921						1,419						13,495
Other expense			857						1,788						3,391						3,195
Operating income			4,786						23,939						55,781						75,531
Interest expense, net			238						29						1,882						116
Other expense, net			(2,224)						(4,038)						(5,248)						(4,808)
Income before income taxes			$	2,324					$	19,872					$	48,651					$	70,607

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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No definition available.

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