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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables summarize the operating results of our reportable segments (in thousands):
| Three Months Ended September 30, 2020
| Marketing Services |  | SaaS |  | Total
Revenue | $ | 208,504 |  |  | $ | 31,821 |  |  | $ | 240,325 |
Segment EBITDA | 66,733 |  |  | 2,561 |  |  | 69,294 |
| Three Months Ended September 30, 2019
| Marketing Services |  | SaaS |  | Total
Revenue | $ | 287,794 |  |  | $ | 31,322 |  |  | $ | 319,116 |
Segment EBITDA | 96,448 |  |  | 1,830 |  |  | 98,278 |
| Nine Months Ended September 30, 2020
| Marketing Services |  | SaaS |  | Total
Revenue | $ | 767,553 |  |  | $ | 94,954 |  |  | $ | 862,507 |
Segment EBITDA | 289,423 |  |  | 10,785 |  |  | 300,208 |
| Nine Months Ended September 30, 2019
| Marketing Services |  | SaaS |  | Total
Revenue | $ | 980,072 |  |  | $ | 96,172 |  |  | $ | 1,076,244 |
Segment EBITDA | 347,178 |  |  | 11,568 |  |  | 358,746 |
Reconciliation of Earnings Before Interest, Tax, Depreciation, and Amortization from Segments to Consolidated | A reconciliation of total Segment EBITDA to the Company’s Income (loss) before (provision) benefit for income taxes is as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Total Segment EBITDA | $ | 69,294 |  |  | $ | 98,278 |  |  | $ | 300,208 |  |  | $ | 358,746 |
Impact of ASC 842 | — |  |  | 62 |  |  | — |  |  | 382 |
Interest expense | (15,609) |  |  | (23,666) |  |  | (53,551) |  |  | (71,068) |
Depreciation and amortization | (35,454) |  |  | (50,471) |  |  | (110,883) |  |  | (155,285) |
Other components of net periodic pension cost | (30,175) |  |  | (16,111) |  |  | (31,312) |  |  | (19,797) |
(Loss) on early extinguishment of debt | — |  |  | — |  |  | — |  |  | (6,375) |
Impairment charges | (1,184) |  |  | (60) |  |  | (19,414) |  |  | (5,059) |
Restructuring and integration expenses (1) | (6,710) |  |  | (8,288) |  |  | (23,902) |  |  | (31,192) |
Transaction costs (2) | (4,913) |  |  | (143) |  |  | (14,679) |  |  | (143) |
Stock-based compensation (expense) benefit | (1,289) |  |  | 4,863 |  |  | 4,195 |  |  | (9,536) |
Gain (loss) from remeasurement of indemnification asset | 540 |  |  | (3,736) |  |  | (3,878) |  |  | (4,646) |
Other | 1,105 |  |  | 410 |  |  | 2,960 |  |  | 390 |
(Loss) income before benefit (provision) for income taxes | $ | (24,395) |  |  | $ | 1,138 |  |  | $ | 49,744 |  |  | $ | 56,417 |
(1)For the three months ended September 30, 2020, the Company incurred $3.3 million of severance expense, of which none was a result of the COVID-19 pandemic. For the nine months ended September 30, 2020, the Company incurred $10.6 million of severance expense, of which $5.0 million was a result of the COVID-19 pandemic, as discussed in Note 6. In addition, the Company incurred losses on disposal of fixed assets and capitalized software and costs associated with abandoned facilities and system consolidation. (2)Consists of direct listing and other transaction cost s.
Disaggregation of Revenue | The following table sets forth the Company's disaggregation of revenue based on services for the periods indicated (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Marketing Services |  |  |  |  |  |  |
PYP | $ | 79,395 |  |  | $ | 120,977 |  |  | $ | 355,942 |  |  | $ | 452,098 |
IYP | 68,169 |  |  | 82,385 |  |  | 212,436 |  |  | 257,977 |
SEM | 40,247 |  |  | 56,700 |  |  | 130,905 |  |  | 179,143 |
Other | 20,693 |  |  | 27,732 |  |  | 68,270 |  |  | 90,854 |
Total Marketing Services | 208,504 |  |  | 287,794 |  |  | 767,553 |  |  | 980,072 |
SaaS |  |  |  |  |  |  |
Thryv Platform | 22,324 |  |  | 22,829 |  |  | 67,518 |  |  | 72,877 |
Thryv Leads and Add-ons | 9,497 |  |  | 8,493 |  |  | 27,436 |  |  | 23,295 |
Total SaaS | 31,821 |  |  | 31,322 |  |  | 94,954 |  |  | 96,172 |
Total Revenue | $ | 240,325 |  |  | $ | 319,116 |  |  | $ | 862,507 |  |  | $ | 1,076,244 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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