Segments

6 Months Ended

Jun. 30, 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 and six month periods ended June 30, 2021 and 2020 (in thousands):

 

	Three Months Ended June 30,				Six Months Ended June 30,
	20211		2020		20211		2020
Revenues, net:
North America	$	443,426	$	357,430	$	845,632	$	792,122
Brazil	85,670		75,148		167,593		174,126
International	138,285		92,568		262,779		219,991
	$	667,381	$	525,146	$	1,276,004	$	1,186,239
Operating income:
North America	$	178,652	$	133,151	$	341,228	$	218,891
Brazil	33,331		29,420		65,556		68,862
International	85,629		50,240		156,793		126,041
	$	297,612	$	212,811	$	563,577	$	413,794
Depreciation and amortization:
North America	$	43,882	$	38,548	$	84,415	$	76,524
Brazil	12,894		12,169		25,181		26,758
International	12,442		11,445		25,351		23,356
	$	69,218	$	62,162	$	134,947	$	126,638
Capital expenditures:
North America	$	15,325	$	12,279	$	26,855	$	23,543
Brazil	5,775		3,477		9,126		6,808
International	5,138		2,857		9,784		6,519
	$	26,238	$	18,613	$	45,765	$	36,870

1Results from the 2021 acquisitions of Roger and AFEX are reported in our North America segment.