v3.21.2

SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2021
SEGMENT INFORMATION |
Schedule of segment information |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | Corporate/ |  | ​ | ​
Three Months Ended September 30, 2021 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Other | ​ | Total
​ | ​ | (in thousands)
Revenues | ​ | $ | 71,928 | ​ | $ | 97,329 | ​ | $ | — | ​ | $ | 169,257
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income (loss) before income taxes | ​ | $ | 33,889 | ​ | $ | 6,524 | ​ | $ | (4,018) | ​ | $ | 36,395
Interest (income) expense, net | ​ |  | (206) | ​ |  | 70 | ​ |  | — | ​ |  | (136)
Depreciation and amortization | ​ |  | 6,018 | ​ |  | 3,080 | ​ |  | — | ​ |  | 9,098
Stock compensation expense | ​ |  | 777 | ​ |  | 948 | ​ |  | 418 | ​ |  | 2,143
Adjusted EBITDA (1) | ​ | $ | 40,478 | ​ | $ | 10,622 | ​ | $ | (3,600) | ​ | $ | 47,500
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | Corporate/ |  | ​ | ​
Three Months Ended September 30, 2020 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Other | ​ | Total
​ | ​ | (in thousands)
Revenues | ​ | $ | 66,198 | ​ | $ | 118,558 | ​ | $ | — | ​ | $ | 184,756
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income (loss) before income taxes | ​ | $ | 28,376 | ​ | $ | (10,084) | ​ | $ | (3,630) | ​ | $ | 14,662
Interest (income) expense, net | ​ |  | (223) | ​ |  | 56 | ​ |  | — | ​ |  | (167)
Depreciation and amortization | ​ |  | 4,730 | ​ |  | 15,543 | ​ |  | — | ​ |  | 20,273
Stock compensation expense | ​ |  | 562 | ​ |  | 920 | ​ |  | 344 | ​ |  | 1,826
Gain on sale of business, net of strategic transaction costs | ​ | ​ | 178 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 178
Strategic transaction costs | ​ |  | 66 | ​ |  | — | ​ |  | — | ​ |  | 66
Restructuring and other charges | ​ |  | (5) | ​ |  | — | ​ |  | — | ​ |  | (5)
Adjusted EBITDA (1) | ​ | $ | 33,684 | ​ | $ | 6,435 | ​ | $ | (3,286) | ​ | $ | 36,833
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | Corporate/ |  | ​ | ​
Nine Months Ended September 30, 2021 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Other | ​ | Total
​ | ​ | (in thousands)
Revenues | ​ | $ | 214,123 | ​ | $ | 282,593 | ​ | $ | — | ​ | $ | 496,716
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income (loss) before income taxes | ​ | $ | 94,214 | ​ | $ | 2,447 | ​ | $ | (11,608) | ​ | $ | 85,053
Interest (income) expense, net | ​ |  | (582) | ​ |  | 264 | ​ |  | — | ​ |  | (318)
Depreciation and amortization | ​ |  | 17,927 | ​ |  | 9,626 | ​ |  | — | ​ |  | 27,553
Stock compensation expense | ​ |  | 2,126 | ​ |  | 2,883 | ​ |  | 1,313 | ​ |  | 6,322
Adjusted EBITDA (1) | ​ | $ | 113,685 | ​ | $ | 15,220 | ​ | $ | (10,295) | ​ | $ | 118,610
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | Corporate/ |  | ​ | ​
Nine Months Ended September 30, 2020 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Other | ​ | Total
​ | ​ | (in thousands)
Revenues | ​ | $ | 207,351 | ​ | $ | 326,581 | ​ | $ | — | ​ | $ | 533,932
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income (loss) before income taxes | ​ | $ | 107,509 | ​ | $ | (18,562) | ​ | $ | (10,794) | ​ | $ | 78,153
Interest (income) expense, net | ​ |  | (826) | ​ |  | 310 | ​ |  | — | ​ |  | (516)
Depreciation and amortization | ​ |  | 13,136 | ​ |  | 43,722 | ​ |  | — | ​ |  | 56,858
Stock compensation expense | ​ |  | 1,515 | ​ |  | 2,478 | ​ |  | 1,191 | ​ |  | 5,184
Gain on sale of business, net of strategic transaction costs | ​ |  | (7,791) | ​ |  | — | ​ |  | — | ​ |  | (7,791)
Strategic transaction costs | ​ |  | 229 | ​ |  | — | ​ |  | — | ​ |  | 229
Restructuring and other charges | ​ |  | 174 | ​ |  | (50) | ​ |  | — | ​ |  | 124
Adjusted EBITDA (1) | ​ | $ | 113,946 | ​ | $ | 27,898 | ​ | $ | (9,603) | ​ | $ | 132,241
(1) | Adjusted EBITDA is a non-GAAP financial measure equal to net income, the most directly comparable financial measure based on GAAP, plus (income) loss from investment in unconsolidated subsidiary – related party, provision for income taxes, interest (income) expense, net, depreciation and other amortization, and amortization of purchased intangibles, and stock compensation expense. Adjusted EBITDA also excludes the gain on the sale of business, strategic transaction costs, which represent costs for professional services associated with strategic initiatives, and restructuring and other charges.

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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 -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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