Segments

The Company reports information about its operating segments in accordance with the authoritative guidance related to segments. The Company’s reportable segments represent components of the business for which separate financial information is evaluated regularly by the chief operating decision maker in determining how to allocate resources and in assessing performance. The Company operates in two reportable segments, North America and International. There were no inter-segment sales.

The Company’s segment results are as follows for the three month periods ended March 31 (in thousands):



	Three Months Ended March 31,
	2018		2017
Revenues, net:
North America	$	364,270	$	329,948
International	221,230		190,485
	$	585,500	$	520,433
Operating income:
North America	$	155,950	$	120,972
International	104,137		74,096
	$	260,087	$	195,068
Depreciation and amortization:
North America	$	38,675	$	33,177
International	32,827		31,689
	$	71,502	$	64,866
Capital expenditures:
North America	$	8,411	$	9,632
International	6,803		5,164
	$	15,214	$	14,796