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Operating and Geographic Segment Information
3 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Operating and Geographic Segment Information

NOTE 15 – OPERATING AND GEOGRAPHIC SEGMENT INFORMATION

Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision-maker, or decision-making group, in making decisions regarding allocation of resources and assessing performance. The Company’s chief operating decision-maker is the Chief Executive Officer. The Company has two operating segments: United States and Canada.

The Company evaluates the performance of the segments primarily based on their respective revenues, net revenues and income from operations. Accordingly, capital expenditures and total assets are not reported in segment results. In addition, the Company includes the costs of the Company’s executives, board of directors, professional services such as legal and consulting, amortization of intangible assets and certain other corporate costs associated with operating as a public company as Corporate.

 

Three Months Ended September 30, 2018 (In thousands)

 

United States

 

 

Canada

 

 

Corporate/

Eliminations

 

 

Total

 

Revenues

 

$

191,218

 

 

$

27,713

 

 

$

(48

)

 

$

218,883

 

Net revenues (1)

 

 

47,142

 

 

 

7,726

 

 

 

 

 

 

54,868

 

Income (loss) from operations

 

 

7,816

 

 

 

1,199

 

 

 

(4,182

)

 

 

4,833

 

Other income (expense)

 

 

211

 

 

 

(27

)

 

 

(777

)

 

 

(593

)

Income (loss) before income taxes

 

 

8,027

 

 

 

1,172

 

 

 

(4,959

)

 

 

4,240

 

Depreciation and amortization

 

 

770

 

 

 

387

 

 

 

2,476

 

 

 

3,633

 

Technology and equipment, net

 

 

15,672

 

 

 

3,453

 

 

 

 

 

 

19,125

 

Transition and lease termination liability

 

 

239

 

 

 

855

 

 

 

 

 

 

1,094

 

Goodwill

 

 

43,991

 

 

 

21,398

 

 

 

 

 

 

65,389

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2017 (In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

174,894

 

 

$

23,566

 

 

$

(483

)

 

$

197,977

 

Net revenues (1)

 

 

40,583

 

 

 

5,020

 

 

 

 

 

 

45,603

 

Income (loss) from operations

 

 

6,853

 

 

 

(815

)

 

 

(3,805

)

 

 

2,233

 

Other income (expense)

 

 

152

 

 

 

(107

)

 

 

(764

)

 

 

(719

)

Income (loss) before income taxes

 

 

7,005

 

 

 

(922

)

 

 

(4,569

)

 

 

1,514

 

Depreciation and amortization

 

 

649

 

 

 

290

 

 

 

2,636

 

 

 

3,575

 

Technology and equipment, net

 

 

13,527

 

 

 

1,350

 

 

 

730

 

 

 

15,607

 

Transition and lease termination costs

 

 

107

 

 

 

 

 

 

 

 

 

107

 

Transition and lease termination liability

 

 

351

 

 

 

1,614

 

 

 

 

 

 

1,965

 

Goodwill

 

 

45,599

 

 

 

21,398

 

 

 

 

 

 

66,997

 

(1) Net revenues are revenues net of cost of transportation and other services.