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Segment Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information As a result of the Thryv Australia Acquisition, the Company reviewed its segment reporting based on the information used by the Chief Executive Officer, who is also the chief operating decision maker (“CODM”), to assess performance and allocate resources subsequent to the acquisition. As a result of this review, the Company determined that the Company manages operations using three operating segments which are also its reportable segments: (1) Marketing Services, (2) SaaS, and (3) Thryv International. The Company does not evaluate performance or allocate resources based on segment asset data, and, therefore, such information is not presented. During the year ended December 31, 2021, the Company adjusted its methodology of classifying certain revenue between products of its SaaS segment. The years ended December 31, 2021, 2020, and 2019 reflect the current methodology. 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 |
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 |
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 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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