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Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables summarize the operating results of the Company's reportable segments. Segment cost of services, Segment sales and marketing, and Segment general and administrative expenses presented below exclude the allocation of depreciation and amortization expense, stock-based compensation expense, restructuring and integration expenses, transaction costs and other expenses.
| Three Months Ended June 30, 2025
(in thousands) | SaaS |  | Marketing Services |  | Total
Segment revenue | $ | 115,005 |  |  | $ | 95,465 |  |  | $ | 210,470 |
Less: |  |  |  |  |
Segment cost of services | 29,884 |  |  | 29,929 |  |  | 59,813 |
Segment sales and marketing | 39,581 |  |  | 19,722 |  |  | 59,303 |
Segment general and administrative | 22,147 |  |  | 17,975 |  |  | 40,122 |
Segment Adjusted EBITDA | $ | 23,393 |  |  | $ | 27,839 |  |  | $ | 51,232 |
| Three Months Ended June 30, 2024
(in thousands) | SaaS |  | Marketing Services |  | Total
Segment revenue | $ | 77,794 |  |  | $ | 146,290 |  |  | $ | 224,084 |
Less: |  |  |  |  |
Segment cost of services | 23,552 |  |  | 45,905 |  |  | 69,457 |
Segment sales and marketing | 32,021 |  |  | 26,249 |  |  | 58,270 |
Segment general and administrative | 12,056 |  |  | 24,987 |  |  | 37,043 |
Segment Adjusted EBITDA | $ | 10,165 |  |  | $ | 49,149 |  |  | $ | 59,314 |
| Six Months Ended June 30, 2025
(in thousands) | SaaS |  | Marketing Services |  | Total
Segment revenue | $ | 226,134 |  |  | $ | 165,707 |  |  | $ | 391,841 |
Less: |  |  |  |  |
Segment cost of services | 59,560 |  |  | 57,957 |  |  | 117,517 |
Segment sales and marketing | 85,381 |  |  | 37,192 |  |  | 122,573 |
Segment general and administrative | 46,985 |  |  | 32,633 |  |  | 79,618 |
Segment Adjusted EBITDA | $ | 34,208 |  |  | $ | 37,925 |  |  | $ | 72,133 |
| Six Months Ended June 30, 2024
(in thousands) | SaaS |  | Marketing Services |  | Total
Segment revenue | $ | 152,116 |  |  | $ | 305,592 |  |  | $ | 457,708 |
Less: |  |  |  |  |
Segment cost of services | 47,016 |  |  | 96,475 |  |  | 143,491 |
Segment sales and marketing | 67,052 |  |  | 55,167 |  |  | 122,219 |
Segment general and administrative | 24,448 |  |  | 54,122 |  |  | 78,570 |
Segment Adjusted EBITDA | $ | 13,600 |  |  | $ | 99,828 |  |  | $ | 113,428 |
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) | 2025 |  | 2024 |  | 2025 |  | 2024
Income before income tax expense | $ | 22,367 |  |  | $ | 12,166 |  |  | $ | 9,884 |  |  | $ | 25,987 |
Interest expense | 8,952 |  |  | 12,175 |  |  | 18,025 |  |  | 25,534 |
Depreciation and amortization expense | 10,191 |  |  | 14,072 |  |  | 21,707 |  |  | 28,625 |
Stock-based compensation expense | 6,008 |  |  | 6,353 |  |  | 13,745 |  |  | 11,642 |
Restructuring and integration expenses | 5,493 |  |  | 7,553 |  |  | 10,175 |  |  | 12,818 |
Other components of net periodic pension cost | 778 |  |  | 1,581 |  |  | 1,546 |  |  | 3,162 |
Loss on early extinguishment of debt | — |  |  | 6,638 |  |  | — |  |  | 6,638 |
Other | (2,557) |  |  | (1,224) |  |  | (2,949) |  |  | (978) |
Total Segment Adjusted EBITDA | $ | 51,232 |  |  | $ | 59,314 |  |  | $ | 72,133 |  |  | $ | 113,428 |
Schedule of Disaggregation of Revenue | The following table sets forth the Company's disaggregation of Revenue based on type of service for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
SaaS | $ | 115,005 |  |  | $ | 77,794 |  |  | $ | 226,134 |  |  | $ | 152,116 |
Marketing Services |  |  |  |  |  |  |
Print | 67,003 |  |  | 82,631 |  |  | 104,714 |  |  | 167,267 |
Digital | 28,462 |  |  | 63,659 |  |  | 60,993 |  |  | 138,325 |
Total Marketing Services | 95,465 |  |  | 146,290 |  |  | 165,707 |  |  | 305,592 |
Revenue | $ | 210,470 |  |  | $ | 224,084 |  |  | $ | 391,841 |  |  | $ | 457,708 |
Revenue by geography is based on the location of the client. The following table sets forth the Company's disaggregation of Revenue based on geographic region for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
United States | $ | 172,134 |  |  | $ | 178,129 |  |  | $ | 318,247 |  |  | $ | 374,569 |
International (1) | 38,336 |  |  | 45,955 |  |  | 73,594 |  |  | 83,139 |
Revenue | $ | 210,470 |  |  | $ | 224,084 |  |  | $ | 391,841 |  |  | $ | 457,708 |

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- 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
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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 -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 2: 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 3: 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
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