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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting

Schedule of revenue and EBITDA of the company's reportable segments


	Three Months Ended June 30, 2024
	Debit and Credit			Prepaid Debit			Other			Intersegment Eliminations			Total
Net sales	$	95,620		$	23,815		$	—		$	(617)		$	118,818
Cost of sales		61,456			15,591			—			(617)			76,430
Gross profit		34,164			8,224			—			—			42,388
Operating expenses		8,775			1,315			17,389			—			27,479
Income (loss) from operations	$	25,389		$	6,909		$	(17,389)		$	—		$	14,909

EBITDA by segment:
Income (loss) from operations	$	25,389		$	6,909		$	(17,389)		$	—		$	14,909
Depreciation and amortization		2,237			895			916			—			4,048
Other income (expense)		(1)			(1)			(76)			—			(78)
EBITDA	$	27,625		$	7,803		$	(16,549)		$	—		$	18,879

	Six Months Ended June 30, 2024
	Debit and Credit			Prepaid Debit			Other			Intersegment Eliminations			Total
Net sales	$	183,593		$	48,013		$	—		$	(852)		$	230,754
Cost of sales		117,934			29,766			—			(852)			146,848
Gross profit		65,659			18,247			—			—			83,906
Operating expenses		17,516			2,593			34,743			—			54,852
Income (loss) from operations	$	48,143		$	15,654		$	(34,743)		$	—		$	29,054

EBITDA by segment:
Income (loss) from operations	$	48,143		$	15,654		$	(34,743)		$	—		$	29,054
Depreciation and amortization		4,387			1,766			1,912			—			8,065
Other income (expense)		(63)			(2)			(78)			—			(143)
EBITDA	$	52,467		$	17,418		$	(32,909)		$	—		$	36,976


	Three Months Ended June 30, 2023
	Debit and Credit			Prepaid Debit			Other			Intersegment Eliminations			Total
Net sales	$	93,194		$	21,821		$	—		$	(55)		$	114,960
Cost of sales		60,156			14,034			—			(55)			74,135
Gross profit		33,038			7,787			—			—			40,825
Operating expenses		7,957			159			15,217			—			23,333
Income (loss) from operations	$	25,081		$	7,628		$	(15,217)		$	—		$	17,492

EBITDA by segment:
Income (loss) from operations	$	25,081		$	7,628		$	(15,217)		$	—		$	17,492
Depreciation and amortization		2,353			704			1,004			—			4,061
Other income (expense)		21			1			(100)			—			(78)
EBITDA	$	27,455		$	8,333		$	(14,313)		$	—		$	21,475


	Six Months Ended June 30, 2023
	Debit and Credit			Prepaid Debit			Other			Intersegment Eliminations			Total
Net sales	$	195,179		$	40,951		$	—		$	(318)		$	235,812
Cost of sales		123,957			28,254			—			(318)			151,893
Gross profit		71,222			12,697			—			—			83,919
Operating expenses		16,115			1,392			28,322			—			45,829
Income (loss) from operations	$	55,107		$	11,305		$	(28,322)		$	—		$	38,090

EBITDA by segment:
Income (loss) from operations	$	55,107		$	11,305		$	(28,322)		$	—		$	38,090
Depreciation and amortization		4,514			1,328			2,023			—			7,865
Other income (expense)		26			1			(219)			—			(192)
EBITDA	$	59,647		$	12,634		$	(26,518)		$	—		$	45,763

Schedule of reconciliation of total segment EBITDA to income before taxes


	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Net income	$	6,001		$	6,523		$	11,456		$	17,396
Interest, net		6,530			6,740			12,955			13,521
Income tax expense		2,300			4,151			4,500			6,981
Depreciation and amortization		4,048			4,061			8,065			7,865
EBITDA	$	18,879		$	21,475		$	36,976		$	45,763