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Segments
9 Months Ended
Sep. 30, 2011
Segments [Abstract] 
Segments

10. 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. The Company has identified these segments due to commonality of the products in each of their business lines having similar economic characteristics, services, customers and processes. There were no significant inter-segment sales.

The results from our Mexican prepaid fuel card and food voucher business acquired during the third quarter of 2011 are reported in our International segment.

The Company's segment results are as follows as of and for the three and nine month periods ended September 30 (in thousands):

 

     Three months ended
September 30,
     Nine months ended
September 30,
 
     2011      2010      2011      2010  

Revenues, net:

           

North America

   $ 92,995       $ 74,784       $ 257,444       $ 219,447   

International

     41,218         36,871         121,987         107,847   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 134,213       $ 111,655       $ 379,431       $ 327,294   
  

 

 

    

 

 

    

 

 

    

 

 

 

Operating income:

           

North America

   $ 43,335       $ 31,541       $ 115,325       $ 95,643   

International

     18,388         17,521         56,777         51,076   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 61,723       $ 49,062       $ 172,102       $ 146,719   
  

 

 

    

 

 

    

 

 

    

 

 

 

Depreciation and amortization:

           

North America

   $ 4,990       $ 5,521       $ 14,821       $ 15,251   

International

     4,062         3,404         11,426         9,987   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 9,052       $ 8,925       $ 26,247       $ 25,238   
  

 

 

    

 

 

    

 

 

    

 

 

 

Capital expenditures:

           

North America

   $ 1,142       $ 1,210       $ 3,975       $ 4,860   

International

     1,350         887         4,433         2,214   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 2,492       $ 2,097       $ 8,408       $ 7,074