Segments

6 Months Ended

Jun. 30, 2012

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 the Company’s Mexican prepaid fuel card and food voucher business acquired during the third quarter of 2011, Allstar business acquired during the fourth quarter of 2011 and a Russian fuel card business acquired during the second quarter of 2012 are reported in our International segment.

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

	Three months ended June 30,				Six months ended June 30,
	2012		2011		2012		2011
Revenues, net:
North America	$	107,286	$	92,865	$	190,098	$	164,449
International		64,534		41,348		127,887		80,769
	$	171,820	$	134,213	$	317,985	$	245,218
Operating income:
North America	$	53,598	$	40,471	$	91,711	$	71,990
International		27,850		19,421		54,212		38,389
	$	81,448	$	59,892	$	145,923	$	110,379
Depreciation and amortization:
North America	$	5,024	$	4,889	$	10,018	$	9,831
International		6,585		3,699		13,311		7,364
	$	11,609	$	8,588	$	23,329	$	17,195
Capital expenditures:
North America	$	2,501	$	1,347	$	4,596	$	2,834
International		2,367		1,975		3,835		3,082
	$	4,868	$	3,322	$	8,431	$	5,916