XML 56 R20.htm IDEA: XBRL DOCUMENT v3.19.3
Segments
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segments 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 and nine month periods ended September 30, 2019 and 2018 (in thousands): 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
20191
 
2018
 
20191
 
2018
Revenues, net:
 
 
 
 
 
 
 
 
North America
 
$
442,704

 
$
412,816

 
$
1,257,544

 
$
1,148,034

International
 
238,344

 
206,770

 
692,423

 
642,036

 
 
$
681,048


$
619,586


$
1,949,967


$
1,790,070

Operating income:
 
 
 
 
 
 
 
 
North America
 
$
206,965

 
$
177,769

 
$
563,574

 
$
495,095

International
 
122,176

 
103,321

 
347,060

 
310,866

 
 
$
329,141


$
281,090


$
910,634


$
805,961

Depreciation and amortization:
 
 
 
 
 
 
 
 
North America
 
$
39,309

 
$
39,049

 
$
119,476

 
$
116,041

International
 
28,038

 
28,218

 
86,224

 
91,338

 
 
$
67,347


$
67,267


$
205,700


$
207,379

Capital expenditures:
 
 
 
 
 
 
 
 
North America
 
$
10,340

 
$
12,604

 
$
30,023

 
$
32,700

International
 
6,366

 
9,094

 
18,658

 
23,612

 
 
$
16,706


$
21,698


$
48,681


$
56,312


1 The results from Nvoicepay acquired in the second quarter and SOLE acquired in the third quarter of 2019 are reported in our North America segment.  The results from R2C acquired in the second quarter of 2019 are reported in our International segment.