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Segment Information | 3 Months Ended
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Mar. 31, 2019
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The Company has two reportable segments that are reviewed by the Company's chief operating decision maker ("CODM"), who is the Company's President, Chief Executive Officer and Chairman. The Consumer Payments operating segment is one reportable segment. The Commercial Payments, Institutional Services, and Integrated Partners operating segments are aggregated into one reportable segment, Commercial Payments and Managed Services.
• | Consumer Payments – represents consumer-related services and offerings including merchant acquiring and transaction processing services including the proprietary MX enterprise suite. Either through acquisition of merchant portfolios or through resellers, the Company becomes a party or enters into contracts with a merchant and a sponsor bank. Pursuant to the contracts, for each card transaction, the sponsor bank collects payment from the credit, debit or other payment card issuing bank, net of interchange fees due to the issuing bank, pays credit card association (e.g., Visa, MasterCard) assessments and pays the transaction fee due to the Company for the suite of processing and related services it provides to merchants, with the remainder going to the merchant.
• | Commercial Payments and Managed Services – represents services provided to certain enterprise customers, including outsourced sales force to those customers and accounts payable automation services to commercial customers. Additional payment and payment adjacent services are provided to the health care and residential real estate industries.
Corporate includes costs of corporate functions and shared services not allocated to our reportable segments. During the fourth quarter of 2018, the Company adjusted its methodology of allocating certain corporate overhead costs to its reportable segments. All prior periods presented have been adjusted to reflect the current allocation methodology. Information on segments and reconciliations to consolidated revenues, consolidated income (loss) from operations, and consolidated depreciation and amortization are as follows for the periods presented:
|  | Quarter Ended March 31,
(in thousands) |  | 2019 |  | 2018
Revenues: |  |  |  |
Consumer Payments |  | $ | 89,822 |  |  | $ | 108,981 |
Commercial Payments and Managed Services |  | 10,155 |  |  | 6,615 |
Consolidated Revenues |  | $ | 99,977 |  |  | $ | 115,596 |
Income (loss) from operations: |  |  |  |
Consumer Payments |  | $ | 7,719 |  |  | $ | 15,215 |
Commercial Payments and Managed Services |  | (684 | ) |  | (327 | )
Corporate |  | (6,069 | ) |  | (7,010 | )
Consolidated income from operations |  | $ | 966 |  |  | $ | 7,878 |
Depreciation and amortization: |  |  |  |
Consumer Payments |  | $ | 7,808 |  |  | $ | 3,436 |
Commercial Payments and Managed Services |  | 789 |  |  | 140 |
Corporate |  | 328 |  |  | 191 |
Consolidated depreciation and amortization |  | $ | 8,925 |  |  | $ | 3,767 |
A reconciliation of total income from operations of reportable segments to the Company's net loss is provided in the following table:
(in thousands) |  | Quarter Ended March 31,
|  | 2019 |  | 2018
Total income from operations of reportable segments |  | $ | 7,035 |  |  | $ | 14,888 |
Less Corporate |  | (6,069 | ) |  | (7,010 | )
Less interest expense |  | (9,363 | ) |  | (6,929 | )
Plus (less) other, net |  | 227 |  |  | (4,126 | )
Income tax benefit |  | (1,724 | ) |  | — |
Net loss |  | $ | (6,446 | ) |  | $ | (3,177 | )
The Company is not significantly reliant upon any single customer for the quarters ended March 31, 2019 and 2018. Substantially all revenues are generated in the United States.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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