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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables summarize the operating results of the Company's reportable segments:
| Year Ended December 31, 2021
(in thousands) | Marketing Services |  | SaaS |  | Thryv International |  | Total
Revenue | $ | 797,493 |  |  | $ | 170,498 |  |  | $ | 145,391 |  |  | $ | 1,113,382 |
Segment Adjusted EBITDA | 318,230 |  |  | (14,004) |  |  | 46,297 |  |  | 350,523 |
| Year Ended December 31, 2020
(in thousands) | Marketing Services |  | SaaS |  | Thryv International |  | Total
Revenue | $ | 979,611 |  |  | $ | 129,824 |  |  | $ | — |  |  | $ | 1,109,435 |
Segment Adjusted EBITDA | 358,804 |  |  | 13,035 |  |  | — |  |  | 371,839 |
| Year Ended December 31, 2019
(in thousands) | Marketing Services |  | SaaS |  | Thryv International |  | Total
Revenue | $ | 1,292,795 |  |  | $ | 128,579 |  |  | $ | — |  |  | $ | 1,421,374 |
Segment Adjusted EBITDA | 468,934 |  |  | 12,165 |  |  | — |  |  | 481,099 |
Reconciliation of Earnings Before Interest, Tax, Depreciation, and Amortization from Segments to Consolidated | A reconciliation of the Company’s Income before income tax (expense) benefit to total Segment Adjusted EBITDA is as follows:
| Years Ended December 31,
(in thousands) | 2021 |  | 2020 |  | 2019
Income before income tax (expense) benefit | $ | 134,314 |  |  | $ | 41,238 |  |  | $ | 53,566 |
Impact of ASC 842 | — |  |  | — |  |  | (534) |
Interest expense | 66,374 |  |  | 68,539 |  |  | 92,951 |
Depreciation and amortization expense | 105,473 |  |  | 146,523 |  |  | 206,270 |
Other components of net periodic pension (benefit) cost | (14,829) |  |  | 42,236 |  |  | 53,161 |
Impairment charges | 3,611 |  |  | 24,911 |  |  | 5,670 |
Restructuring and integration expenses (1) | 18,145 |  |  | 28,459 |  |  | 40,290 |
Transaction costs (2) | 25,059 |  |  | 20,999 |  |  | 6,081 |
Stock-based compensation expense (benefit) | 8,094 |  |  | (2,895) |  |  | 14,119 |
(Gain) loss from remeasurement of indemnification asset | (1) |  |  | 5,443 |  |  | 4,093 |
Other | 4,283 |  |  | (3,614) |  |  | 5,432 |
Total Segment Adjusted EBITDA | $ | 350,523 |  |  | $ | 371,839 |  |  | $ | 481,099 |
(1)During the year ended December 31, 2021, the Company incurred $4.7 million of severance expense, of which none was a result of the COVID-19 pandemic. During the year ended December 31, 2020, the Company incurred $11.7 million of severance expense, of which $5.0 million was a result of the COVID-19 pandemic. In addition, during the years ended December 31, 2021, 2020 and 2019, 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, Thryv Australia Acquisition and other transaction cost s. The following table sets forth the Company's disaggregation of revenue based on services for the periods indicated:
| Years Ended December 31,
(in thousands) | 2021 |  | 2020 |  | 2019
Marketing Services |  |  |  |  |
PYP | $ | 365,966 |  |  | $ | 443,315 |  |  | $ | 605,952 |
IYP | 239,531 |  |  | 280,750 |  |  | 339,416 |
SEM | 129,606 |  |  | 167,770 |  |  | 232,345 |
Other | 62,390 |  |  | 87,776 |  |  | 115,082 |
Total Marketing Services | $ | 797,493 |  |  | $ | 979,611 |  |  | $ | 1,292,795 |
SaaS |  |  |  |  |
Thryv Platform | $ | 107,318 |  |  | $ | 100,548 |  |  | $ | 104,327 |
Thryv Add-ons | 63,180 |  |  | 29,276 |  |  | 24,252 |
Total SaaS | $ | 170,498 |  |  | $ | 129,824 |  |  | $ | 128,579 |
Thryv International |  |  |  |  |
PYP | $ | 46,859 |  |  | $ | — |  |  | $ | — |
IYP | 55,198 |  |  | — |  |  | — |
SEM | 18,966 |  |  | — |  |  | — |
Other | 23,814 |  |  | — |  |  | — |
Thryv Platform and Thryv Add-Ons | 554 |  |  | — |  |  | — |
Total Thryv International | $ | 145,391 |  |  | $ | — |  |  | $ | — |
Total Revenue | $ | 1,113,382 |  |  | $ | 1,109,435 |  |  | $ | 1,421,374 |
Disaggregation of Revenue | The following table sets forth the Company's disaggregation of revenue based on services for the periods indicated:
| Years Ended December 31,
(in thousands) | 2021 |  | 2020 |  | 2019
Marketing Services |  |  |  |  |
PYP | $ | 365,966 |  |  | $ | 443,315 |  |  | $ | 605,952 |
IYP | 239,531 |  |  | 280,750 |  |  | 339,416 |
SEM | 129,606 |  |  | 167,770 |  |  | 232,345 |
Other | 62,390 |  |  | 87,776 |  |  | 115,082 |
Total Marketing Services | $ | 797,493 |  |  | $ | 979,611 |  |  | $ | 1,292,795 |
SaaS |  |  |  |  |
Thryv Platform | $ | 107,318 |  |  | $ | 100,548 |  |  | $ | 104,327 |
Thryv Add-ons | 63,180 |  |  | 29,276 |  |  | 24,252 |
Total SaaS | $ | 170,498 |  |  | $ | 129,824 |  |  | $ | 128,579 |
Thryv International |  |  |  |  |
PYP | $ | 46,859 |  |  | $ | — |  |  | $ | — |
IYP | 55,198 |  |  | — |  |  | — |
SEM | 18,966 |  |  | — |  |  | — |
Other | 23,814 |  |  | — |  |  | — |
Thryv Platform and Thryv Add-Ons | 554 |  |  | — |  |  | — |
Total Thryv International | $ | 145,391 |  |  | $ | — |  |  | $ | — |
Total Revenue | $ | 1,113,382 |  |  | $ | 1,109,435 |  |  | $ | 1,421,374 |
Long-lived Assets by Geographic Areas | The following table sets forth the Company's total long-lived assets by geographical region:
(in thousands) | December 31, 2021 |  | December 31, 2020
United States | $ | 149,878 |  |  | $ | 204,045 |
Australia | 25,516 |  |  | — |
Total long-lived assets | $ | 175,394 |  |  | $ | 204,045 |
Percentage of long-lived assets held outside of the United States | 15 | % |  | — | %

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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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
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