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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION

The Company has three reportable segments that are reviewed by the Company's chief operating decision maker ("CODM"), who is the Company's Chief Executive Officer and Chairman. The Consumer Payments operating segment and the Integrated Partners
operating segments are each reported as separate reportable segments. The Commercial Payments and Institutional Services (sometimes referred to as Managed Services) operating segments are aggregated into one reportable segment, Commercial Payments.

•
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 – represents services provided to certain enterprise customers, including outsourced sales force to those customers and accounts payable automation services to commercial customers.

•
Integrated Partners – represents payment adjacent services that are provided primarily 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.

Prior to second quarter of 2019, the Integrated Partners operating segment was aggregated with the Commercial Payments and Institutional Services operating segments and reported as one aggregated reportable segment. In the second quarter of 2019, the Integrated Partners operating segment is no longer aggregated with the Commercial Payments and Institutional Services operating segments. All comparative periods have been adjusted to reflect the current three reportable segments.

Information on reportable segments and reconciliations to consolidated revenue, consolidated income from operations, and consolidated depreciation and amortization are as follows for the periods presented:

 
Quarter Ended June 30,
 
Six Months Ended June 30,
(in thousands)
2019
 
2018
 
2019
 
2018
Revenue:
 
 
 
 
 
 
 
Consumer Payments
$
92,249

 
$
97,732

 
$
182,071

 
$
206,713

Commercial Payments
7,099

 
6,883

 
14,075

 
13,498

Integrated Partners
8,077

 
147

 
11,256

 
147

Consolidated Revenue
$
107,425

 
$
104,762

 
$
207,402

 
$
220,358

 
 
 
 
 
 
 
 
Income (loss) from operations:
 
 
 
 
 
 
 
Consumer Payments
$
7,363

 
$
10,346

 
$
15,082

 
$
25,561

Commercial Payments
(282
)
 
(377
)
 
(733
)
 
(704
)
Integrated Partners
572

 
(202
)
 
339

 
(202
)
Corporate
(5,217
)
 
(6,562
)
 
(11,286
)
 
(13,572
)
Consolidated income from operations
$
2,436

 
$
3,205

 
$
3,402

 
$
11,083

 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
 
Consumer Payments
$
8,105

 
$
3,646

 
$
15,913

 
$
7,082

Commercial Payments
81

 
144

 
179

 
284

Integrated Partners
1,096

 
—

 
1,787

 
—

Corporate
479

 
223

 
807

 
414

Consolidated depreciation and amortization
$
9,761

 
$
4,013

 
$
18,686

 
$
7,780





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 June 30,
 
Six Months Ended June 30
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Total income from operations of reportable segments
 
$
7,653

 
$
9,767

 
$
14,688

 
$
24,655

Corporate
 
(5,217
)
 
(6,562
)
 
(11,286
)
 
(13,572
)
Interest expense
 
(10,776
)
 
(7,630
)
 
(20,139
)
 
(14,559
)
Plus (less) other, net
 
138

 
(1,203
)
 
365

 
(5,329
)
Income tax expense
 
(5,928
)
 
—

 
(4,204
)
 
—

     Net loss
 
$
(14,130
)
 
$
(5,628
)
 
$
(20,576
)
 
$
(8,805
)


The Company was not significantly reliant upon any single customer for the quarter and six months ended June 30, 2019 and June 30, 2018. Substantially all revenue is generated in the United States.