XML 46 R35.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
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 June 30, 2021
| Marketing Services |  | SaaS |  | Thryv International |  | Total
Revenue | $ | 202,795 |  |  | $ | 41,386 |  |  | $ | 46,866 |  |  | $ | 291,047 |
Segment EBITDA | 82,684 |  |  | (2,119) |  |  | 16,188 |  |  | 96,753 |
| Three Months Ended June 30, 2020
| Marketing Services |  | SaaS |  | Thryv International |  | Total
Revenue | $ | 272,327 |  |  | $ | 31,285 |  |  | $ | — |  |  | $ | 303,612 |
Segment EBITDA | 112,612 |  |  | 5,523 |  |  | — |  |  | 118,135 |
| Six Months Ended June 30, 2021
| Marketing Services |  | SaaS |  | Thryv International |  | Total
Revenue | $ | 430,728 |  |  | $ | 78,637 |  |  | $ | 62,288 |  |  | $ | 571,653 |
Segment EBITDA | 181,315 |  |  | (1,803) |  |  | 22,174 |  |  | 201,686 |
| Six Months Ended June 30, 2020
| Marketing Services |  | SaaS |  | Thryv International |  | Total
Revenue | $ | 559,049 |  |  | $ | 63,133 |  |  | $ | — |  |  | $ | 622,182 |
Segment EBITDA | 222,690 |  |  | 8,224 |  |  | — |  |  | 230,914 |
Reconciliation of Earnings Before Interest, Tax, Depreciation, and Amortization from Segments to Consolidated | A reconciliation of total Segment EBITDA to the Company’s Income before benefit (provision) for income taxes is as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Total Segment EBITDA | $ | 96,753 |  |  | $ | 118,135 |  |  | $ | 201,686 |  |  | $ | 230,914 |
Interest expense | (19,170) |  |  | (18,012) |  |  | (34,842) |  |  | (37,942) |
Depreciation and amortization | (29,908) |  |  | (37,606) |  |  | (49,626) |  |  | (75,429) |
Other components of net periodic pension benefit (cost) | 272 |  |  | (936) |  |  | 725 |  |  | (1,137) |
(Loss) on termination of leaseback obligations | (3,110) |  |  | — |  |  | (3,409) |  |  | — |
Impairment charges | (3,611) |  |  | (18,132) |  |  | (3,611) |  |  | (18,230) |
Restructuring and integration expenses (1) | (3,489) |  |  | (7,347) |  |  | (12,723) |  |  | (17,192) |
Transaction costs (2) | (5,440) |  |  | (3,232) |  |  | (15,986) |  |  | (9,766) |
Stock-based compensation (expense) benefit | (1,921) |  |  | (580) |  |  | (3,892) |  |  | 5,484 |
Gain (loss) from remeasurement of indemnification asset | 844 |  |  | (617) |  |  | 844 |  |  | (4,418) |
Other | 1,251 |  |  | 955 |  |  | 1,620 |  |  | 1,855 |
Income before (provision) for income taxes | $ | 32,471 |  |  | $ | 32,628 |  |  | $ | 80,786 |  |  | $ | 74,139 |
(1)During the three and six months ended June 30, 2021, the Company incurred $0.6 million and $1.2 million of severance expense, respectively, of which none was a result of the COVID-19 pandemic. During the three and six months ended June 30, 2020, the Company incurred a total of $4.0 million and $7.3 million of severance expense, respectively, of which $4.0 million and $5.0 million, respectively, was a result of the COVID-19 pandemic. 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, Sensis Acquisition 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 June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Marketing Services |  |  |  |  |  |  |
PYP | $ | 93,753 |  |  | $ | 139,160 |  |  | $ | 206,664 |  |  | $ | 276,547 |
IYP | 61,004 |  |  | 69,321 |  |  | 125,099 |  |  | 144,267 |
SEM | 32,202 |  |  | 40,951 |  |  | 66,634 |  |  | 90,659 |
Other | 15,836 |  |  | 22,895 |  |  | 32,331 |  |  | 47,576 |
Total Marketing Services | 202,795 |  |  | 272,327 |  |  | 430,728 |  |  | 559,049 |
SaaS |  |  |  |  |  |  |
Thryv Platform | 26,798 |  |  | 24,263 |  |  | 52,698 |  |  | 49,531 |
Thryv Add-ons | 14,588 |  |  | 7,022 |  |  | 25,939 |  |  | 13,602 |
Total SaaS | 41,386 |  |  | 31,285 |  |  | 78,637 |  |  | 63,133 |
Thryv International |  |  |  |  |  |  |
PYP | 15,231 |  |  | — |  |  | 20,944 |  |  | — |
IYP | 18,361 |  |  | — |  |  | 24,931 |  |  | — |
SEM | 6,030 |  |  | — |  |  | 8,031 |  |  | — |
Other | 7,235 |  |  | — |  |  | 8,373 |  |  | — |
Thryv Platform | 6 |  |  | — |  |  | 6 |  |  | — |
Thryv Add-ons | 3 |  |  | — |  |  | 3 |  |  | — |
Total Thryv International | 46,866 |  |  | — |  |  | 62,288 |  |  | — |
Total Revenue | $ | 291,047 |  |  | $ | 303,612 |  |  | $ | 571,653 |  |  | $ | 622,182 |

X
- Definition Reconciliation Of Earnings Before Interest, Tax, Depreciation, And Amortization From Segments To Consolidated + References No definition available. + Details
Name: | dxm_ReconciliationOfEarningsBeforeInterestTaxDepreciationAndAmortizationFromSegmentsToConsolidatedTableTextBlock
Namespace Prefix: | dxm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration