Segments

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segments

Segments

The Company reports information about its operating segments in accordance with the authoritative guidance related to segments. We manage and report our operating results through three operating and reportable segments defined by geographic regions: North America, Brazil and International, which aligns with how the Chief Operating Decision Maker (CODM) allocates resources, assesses performance and reviews financial information.

The Company’s segment results are as follows for the three month periods ended March 31, 2021 and 2020 (in thousands):

 

	Three Months Ended March 31,
	2021		2020
Revenues, net:
North America	$	402,206	$	434,692
Brazil	81,923		98,978
International	124,494		127,423
	$	608,623	$	661,093
Operating income:
North America	$	162,576	$	85,740
Brazil	32,225		39,442
International	71,164		75,801
	$	265,965	$	200,983
Depreciation and amortization:
North America	$	40,533	$	37,976
Brazil	12,287		14,589
International	12,909		11,911
	$	65,729	$	64,476
Capital expenditures:
North America	$	11,530	$	11,264
Brazil	3,350		3,331
International	4,646		3,662
	$	19,526	$	18,257