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Segment Information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company manages its operations using four operating segments, which are also its reportable segments: (1) Thryv U.S. Marketing Services, (2) Thryv U.S. SaaS, (3) Thryv International Marketing Services, and (4) Thryv International SaaS.
The Company does not allocate assets to its segments and the chief operating decision maker does not evaluate performance or allocate resources based on segment asset data, and, therefore, such information is not presented.

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 ServicesSaaSMarketing ServicesSaaSTotal
Revenue$137,684 $60,150 $51,279 $2,308 $251,421 
Segment Gross Profit88,023 37,563 32,852 1,647 160,085 
Segment Adjusted EBITDA38,233 7,123 24,976 (893)69,439 
Three Months Ended June 30, 2022
Thryv U.S.Thryv International
(in thousands)Marketing ServicesSaaSMarketing ServicesSaaSTotal
Revenue$222,570 $51,167 $59,218 $1,040 $333,995 
Segment Gross Profit151,774 32,092 43,627 489 227,982 
Segment Adjusted EBITDA83,674 197 34,545 (2,416)116,000 
Six Months Ended June 30, 2023
Thryv U.S.Thryv International
(in thousands)Marketing ServicesSaaSMarketing ServicesSaaSTotal
Revenue$284,984 $118,277 $89,605 $4,110 $496,976 
Segment Gross Profit181,197 73,523 57,332 2,841 314,893 
Segment Adjusted EBITDA79,497 8,245 42,385 (2,219)127,908 
Six Months Ended June 30, 2022
Thryv U.S.Thryv International
(in thousands)Marketing ServicesSaaSMarketing ServicesSaaSTotal
Revenue$435,103 $98,510 $106,882 $1,875 $642,370 
Segment Gross Profit288,284 61,501 75,343 710 425,838 
Segment Adjusted EBITDA150,069 (4,167)58,642 (4,827)199,717 

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)2023202220232022
Income before income tax expense$12,550 $80,202 $26,360 $123,334 
Interest expense16,292 14,652 32,780 29,519 
Depreciation and amortization expense15,667 20,592 31,098 42,561 
Stock-based compensation expense5,798 3,810 11,191 5,738 
Restructuring and integration expenses3,921 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 asset11,490 (487)10,734 (887)
Impairment charges— 222 — 222 
Other1,856 (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 costs.
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)2023202220232022
Thryv U.S.
Print$56,312 $104,264 $115,566 $202,170 
Digital81,372 118,306 169,418 232,933 
Total Marketing Services137,684 222,570 284,984 435,103 
SaaS60,150 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 
Digital21,097 24,311 41,311 50,475 
Total Marketing Services51,279 59,218 89,605 106,882 
SaaS2,308 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