Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Reconciliation of Total Segment Operating Income to Consolidated Operating Income

Information on reportable segments and reconciliation to consolidated income from continuing operations is as follows (in thousands):


	Years Ended December 31,
	2021		2020		2019
Revenue by reportable segment:
Digital Media	$	1,069,300	$	811,360	$	710,511
Cybersecurity and Martech	348,611		347,697		340,245
Elimination of inter-segment revenues	(1,189)		(229)		(300)
Total segment revenues	1,416,722		1,158,828		1,050,456
Corporate(1)	—		1		8
Total revenues	1,416,722		1,158,829		1,050,464

Gross profit by reportable segment:


Digital Media	974,546		733,887		617,458
Cybersecurity and Martech	255,042		246,815		245,966
Elimination of inter-segment gross profit	(824)		(229)		(300)
Total segment gross profit	1,228,764		980,473		863,124
Corporate(1)	(95)		(47)		8
Total gross profit	1,228,669		980,426		863,132

Direct costs by reportable segment (2):
Digital Media	757,053		594,807		540,193
Cybersecurity and Martech	225,740		193,883		187,283
Elimination of inter-segment direct costs	(824)		(229)		(300)
Total segment direct costs	981,969		788,461		727,176
Corporate(1)	79,360		53,625		47,733
Total direct costs	1,061,329		842,086		774,909

Operating income by reportable segment:


Digital Media operating income	217,493		139,080		77,265
Cybersecurity and Martech operating income	29,302		52,932		58,683
Total segment operating income	246,795		192,012		135,948
Corporate(2)	(79,455)		(53,672)		(47,725)
Total income from continuing operations	$	167,340	$	138,340	$	88,223

(1) Corporate includes costs associated with general and administrative and other expenses that are managed on a global basis and that are not directly attributable to any particular segment.
(2) Direct costs for each segment include other operating expenses that are directly attributable to the segment, such as employee compensation expense, local sales and marketing expenses, engineering and network operations expense, depreciation and amortization and other administrative expenses.
(3) Beginning in the third quarter of 2020, certain expenses associated with Corporate that were previously allocated to the Digital Media business and Cybersecurity and Martech business for shared costs incurred by Corporate were no longer allocated. Table above has been recast to remove the impact of certain expenses associated with Corporate that were previously allocated to the Digital Media and Cybersecurity and Martech businesses.

Total Assets, Capital Expenditures, Depreciation and Amortization

The CODM does not use Balance Sheet and Cash Flow information in connection with operating and investment decisions other than as presented for Digital Media and Cybersecurity and Martech. Accordingly, the following segment information is presented for Digital Media and Cybersecurity and Martech.


			2021		2020
Assets:
Digital Media			$	2,043,204	$	2,088,397
Cybersecurity and Martech			1,088,741		905,847
Total assets from reportable segments			3,131,945		2,994,244
Corporate			638,335		103,536
Assets of discontinued operations			—		567,551
Total assets			$	3,770,280	$	3,665,331

	2021		2020		2019
Capital expenditures:
Digital Media	$	80,877	$	59,693	$	48,736
Cybersecurity and Martech	32,863		32,859		21,826
Total from reportable segments	113,740		92,552		70,562
Corporate	—		—		26
Total capital expenditures	$	113,740	$	92,552	$	70,588

Depreciation and amortization:
Digital Media	$	193,661	$	145,321	$	148,575
Cybersecurity and Martech	64,354		79,758		80,970
Total from reportable segments	258,015		225,079		229,545
Corporate	288		3,658		2,487
Total depreciation and amortization	$	258,303	$	228,737	$	232,032

Revenues and Long-lived Assets by Geographic Information

The Company maintains operations in the U.S., Canada, Ireland, the United Kingdom, India and other countries. Geographic information about the U.S. and all other countries for the reporting periods is presented below. Such information attributes revenues based on jurisdictions where revenues are reported (in thousands).


	Years ended December 31,
	2021		2020		2019
Revenues:
United States	$	1,187,207	$	958,833	$	843,136
Canada	33,227		29,770		30,327
Ireland	37,906		32,403		48,729
All other countries	158,382		137,823		128,272
All foreign countries	229,515		199,996		207,328
Total	$	1,416,722	$	1,158,829	$	1,050,464


	December 31, 2021		December 31, 2020
Long-lived assets:
United States	$	726,128	$	865,779
All other countries	63,423		42,738
Total	$	789,551	$	908,517