XML 46 R36.htm IDEA: XBRL DOCUMENT
v3.23.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables summarize the operating results of the Company's reportable segments:
| Three Months Ended June 30, 2023
| Thryv U.S. |  | Thryv International |  |
(in thousands) | Marketing Services |  | SaaS |  | Marketing Services |  | SaaS |  | Total
Revenue | $ | 137,684 |  |  | $ | 60,150 |  |  | $ | 51,279 |  |  | $ | 2,308 |  |  | $ | 251,421 |
Segment Gross Profit | 88,023 |  |  | 37,563 |  |  | 32,852 |  |  | 1,647 |  |  | 160,085 |
Segment Adjusted EBITDA | 38,233 |  |  | 7,123 |  |  | 24,976 |  |  | (893) |  |  | 69,439 |
| Three Months Ended June 30, 2022
| Thryv U.S. |  | Thryv International |  |
(in thousands) | Marketing Services |  | SaaS |  | Marketing Services |  | SaaS |  | Total
Revenue | $ | 222,570 |  |  | $ | 51,167 |  |  | $ | 59,218 |  |  | $ | 1,040 |  |  | $ | 333,995 |
Segment Gross Profit | 151,774 |  |  | 32,092 |  |  | 43,627 |  |  | 489 |  |  | 227,982 |
Segment Adjusted EBITDA | 83,674 |  |  | 197 |  |  | 34,545 |  |  | (2,416) |  |  | 116,000 |
| Six Months Ended June 30, 2023
| Thryv U.S. |  | Thryv International |  |
(in thousands) | Marketing Services |  | SaaS |  | Marketing Services |  | SaaS |  | Total
Revenue | $ | 284,984 |  |  | $ | 118,277 |  |  | $ | 89,605 |  |  | $ | 4,110 |  |  | $ | 496,976 |
Segment Gross Profit | 181,197 |  |  | 73,523 |  |  | 57,332 |  |  | 2,841 |  |  | 314,893 |
Segment Adjusted EBITDA | 79,497 |  |  | 8,245 |  |  | 42,385 |  |  | (2,219) |  |  | 127,908 |
| Six Months Ended June 30, 2022
| Thryv U.S. |  | Thryv International |  |
(in thousands) | Marketing Services |  | SaaS |  | Marketing Services |  | SaaS |  | Total
Revenue | $ | 435,103 |  |  | $ | 98,510 |  |  | $ | 106,882 |  |  | $ | 1,875 |  |  | $ | 642,370 |
Segment Gross Profit | 288,284 |  |  | 61,501 |  |  | 75,343 |  |  | 710 |  |  | 425,838 |
Segment Adjusted EBITDA | 150,069 |  |  | (4,167) |  |  | 58,642 |  |  | (4,827) |  |  | 199,717 |
Schedule of Reconciliation of Earnings Before Interest, Tax, Depreciation, and Amortization from Segments to Consolidated | A reconciliation of the Company’s Income before income tax expense to total Segment Adjusted EBITDA is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Income before income tax expense | $ | 12,550 |  |  | $ | 80,202 |  |  | $ | 26,360 |  |  | $ | 123,334 |
Interest expense | 16,292 |  |  | 14,652 |  |  | 32,780 |  |  | 29,519 |
Depreciation and amortization expense | 15,667 |  |  | 20,592 |  |  | 31,098 |  |  | 42,561 |
Stock-based compensation expense | 5,798 |  |  | 3,810 |  |  | 11,191 |  |  | 5,738 |
Restructuring and integration expenses | 3,921 |  |  | 4,822 |  |  | 9,261 |  |  | 10,649 |
Transaction costs (1) | — |  |  | 1,616 |  |  | 373 |  |  | 3,336 |
Other components of net periodic pension cost (benefit) | 1,865 |  |  | (9,153) |  |  | 1,986 |  |  | (9,223) |
Non-cash loss (gain) from remeasurement of indemnification asset | 11,490 |  |  | (487) |  |  | 10,734 |  |  | (887) |
Impairment charges | — |  |  | 222 |  |  | — |  |  | 222 |
Other | 1,856 |  |  | (276) |  |  | 4,125 |  |  | (5,532) |
Total Segment Adjusted EBITDA | $ | 69,439 |  |  | $ | 116,000 |  |  | $ | 127,908 |  |  | $ | 199,717 |
(1)Consists of Yellow Acquisition, Vivial Acquisition and other transaction cost s.
Schedule of Disaggregation of Revenue | The following table sets forth the Company's disaggregation of Revenue based on services for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Thryv U.S. |  |  |  |  |  |  |
Print | $ | 56,312 |  |  | $ | 104,264 |  |  | $ | 115,566 |  |  | $ | 202,170 |
Digital | 81,372 |  |  | 118,306 |  |  | 169,418 |  |  | 232,933 |
Total Marketing Services | 137,684 |  |  | 222,570 |  |  | 284,984 |  |  | 435,103 |
SaaS | 60,150 |  |  | 51,167 |  |  | 118,277 |  |  | 98,510 |
Total Thryv U.S. | $ | 197,834 |  |  | $ | 273,737 |  |  | $ | 403,261 |  |  | $ | 533,613 |
Thryv International |  |  |  |  |  |  |
Print | $ | 30,182 |  |  | $ | 34,907 |  |  | $ | 48,294 |  |  | $ | 56,407 |
Digital | 21,097 |  |  | 24,311 |  |  | 41,311 |  |  | 50,475 |
Total Marketing Services | 51,279 |  |  | 59,218 |  |  | 89,605 |  |  | 106,882 |
SaaS | 2,308 |  |  | 1,040 |  |  | 4,110 |  |  | 1,875 |
Total Thryv International | $ | 53,587 |  |  | $ | 60,258 |  |  | $ | 93,715 |  |  | $ | 108,757 |
Revenue | $ | 251,421 |  |  | $ | 333,995 |  |  | $ | 496,976 |  |  | $ | 642,370 |

X
- Definition Reconciliation Of Earnings Before Interest, Tax, Depreciation, And Amortization From Segments To Consolidated + References No definition available. + Details
Name: | thry_ReconciliationOfEarningsBeforeInterestTaxDepreciationAndAmortizationFromSegmentsToConsolidatedTableTextBlock
Namespace Prefix: | thry_
Data Type: | dtr-types1: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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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