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Segments
12 Months Ended
Dec. 31, 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 as of and for the years ended December 31 (in thousands):
 
 
2019
 
2018
 
20171
Revenues, net:
 
 
 
 
 
 
North America
 
$
1,708,546

 
$
1,571,466

 
$
1,428,711

International
 
940,302

 
862,026

 
820,827

 
 
$
2,648,848


$
2,433,492


$
2,249,538

Operating income:
 
 
 
 
 

North America
 
$
755,867

 
$
673,867

 
$
541,598

International
 
475,563

 
416,831

 
342,162

 
 
$
1,231,430


$
1,090,698


$
883,760

Depreciation and amortization:
 
 
 
 
 
 
North America
 
$
160,246

 
$
154,405

 
$
139,418

International
 
113,964

 
120,204

 
125,142

 
 
$
274,210


$
274,609


$
264,560

Capital expenditures:
 
 
 
 
 
 
North America
 
$
44,238

 
$
36,514

 
$
40,747

International
 
30,932

 
44,873

 
29,346

 
 
$
75,170


$
81,387


$
70,093

Long-lived assets (excluding goodwill and investments):2
 
 
 
 
 

North America
 
$
1,860,708

 
$
1,799,149

 
$
1,888,599

International
 
905,775

 
942,594

 
1,131,610

 
 
$
2,766,483


$
2,741,743


$
3,020,209

1The Company applied the modified retrospective transition method when adopting ASC 606, therefore the Company's 2017 prior period results were not restated to reflect ASC 606.
2The Company applied the modified retrospective transition method when adopting ASC 842, therefore the Company's 2018 and 2017 prior period results were not restated to reflect ASC 842.

The table below presents the Company's long-lived assets (excluding goodwill and investments) at December 31 (in thousands).
        
 
 
2019
 
2018
Long-lived assets (excluding goodwill):
 
 
 
 
United States (country of domicile)
 
$
1,860,708

 
$
1,721,419

Brazil
 
487,464

 
541,891

United Kingdom
 
282,351

 
274,530


No single customer represented more than 10% of the Company’s consolidated revenue in 2019, 2018 and 2017.